Online sports betting operators are unhappy and have requested to lower the state revenue tax of sports betting from 51%. New York governor has increased the projection of total tax revenue brought in from online sports betting to $615 million. NEW YORK – Since its January launch, New York has been dominant for online sports … Read more
Michigan poker players will be able to play with those in several other states. The Michigan Gaming Control Board announced that it will enter a compact involving Delaware, New Jersey and Nevada. There will be WSOP events in Michigan starting in June. DETROIT – The Michigan Gaming Control Board announced plans to allow poker players … Read more
Atlantic City’s casinos may end up with a smoking ban in 2022. During 2021, smoking was banned in casinos, but profits still soared. Now, lawmakers want to make the ban permanent, having seen that it did not impact profits. ATLANTIC CITY, N.J. – The debate over smoking in Atlantic City’s casinos has once again reached … Read more
The US sports betting industry saw a 230% increase in revenue generated from 2020 to 2021. More states are opening online sports betting markets, as the market proves profitable. Wyoming is the first state-regulated sports betting market accepting cryptocurrency. New Jersey became the first state to handle $1 billion in sports wagers. LAS VEGAS – … Read more
The final Powerball drawing of 2021 will take place on Wednesday and feature a jackpot of over $441 million – there have been 36 consecutive drawings without a jackpot winner. The cash value for the jackpot is approximately $317.5 million – according to the Multi-State Lottery Association, the odds of winning the Powerball jackpot are … Read more
Playtech launched live casino gaming in both New Jersey and Michigan. Parx Interactive and Bet365 worked with Playtech to launch live casino gaming in their respective states. LAS VEGAS – Both New Jersey and Michigan received access to Live Casino facilities via simultaneous rollout from Playtech PLC. The Michigan Gaming Control Board and the New … Read more
TRENTON, N.J. – A new bill was recently signed into law meant to provide tax relief for Atlantic City’s casinos. PILOT Bill Signed The details of the PILOT bill signed by Governor Phil Murphy were to annex sports and online gaming revenue streams for the necessary payments instead of taxes. It does this by changing … Read more
New Jersey made $118 million in online gambling revenue in November, and $127 million in October. Delaware made $996,639 in online gambling revenue, up 7.2% from the previous month. Pennsylvania’s November online poker revenue was down $0.1 million from October. TRENTON, N.J. – As gambling becomes more popular in states like New Jersey, Delaware and … Read more
Sports betting was permitted in the United States by the repeal of PASPA in 2018. Since then, it has grown from a $310 million per month market to a one that is $7 billion per month. 84% of sports bets are placed via mobile platforms as of October 2021. LAS VEGAS – The effect of … Read more
