A new bill, PA SB 1117 would use all sports betting revenue in Pennsylvania to help with property taxes while the commonwealth is shut down due to COVID-19. The gambling on sporting events market in Pennsylvania has seen much lower revenue numbers than usual due … Read more
Pennsylvania sports betting revenue increase from $4.7 million to $6.9 million from February to March. At the same time, handle decreased by over 60%, down to just $131.3 million. The financial future of sportsbooks across the country, including Pennsylvania, is in doubt as COVID-19 will … Read more
Virginia Gov. Ralph Northam sent recent sports betting bills back to the state Legislature with proposed amendments that would increase licensing fees for sportsbooks. The most impactful change would require a $50,000 background check fee for all “principals” of a sports betting operator—this could cost … Read more
Sportsbooks have been accumulating losses in profits due to the Coronavirus and professional sports being suspended worldwide. Each operator protects the funds of their customers differently and sports bettors should know if their money is being protected if these businesses cannot make it through the … Read more
The 2020 Presidential Election is seven months away and sportsbooks have listed odds on which candidate will win in the Electoral College vote of the election. Swing states are notorious for having a big influence on the outcome of an election which is why candidates … Read more
Spectrum Gaming Group has not yet submitted its New York study bill. The New York state budget seems like it will not include legal sports betting again. Mobile sports betting is unlikely to pass in New York in 2020. ALBANY, N.Y. – The Spectrum Gaming … Read more
SBTech, an English online gambling firm, was forced to shut down its websites for maintenance after a cyberattack. SBTech offers web services to companies in six different U.S. states. DraftKings recently acquired SBTech, which might have provided the motivation behind this attack. The timetable for … Read more
Pennsylvania handled nearly $330 million in total bets in February but earned only $11.4 million in gross revenue—a hold percentage of 3.47%. This figure is disappointing for Pennsylvania sportsbooks, and there is no clear reason for the decrease. With March Madness and other sporting events … Read more
Pennsylvania’s 13th retail sportsbook is set to open in the state’s third OTB site. They are still working out the kinks to give visitors the best sports betting experience possible. A trial period for their PA sportsbook began on Monday. LEHIGH VALLEY, Pa. – The … Read more
There is already one form of sports betting allowed in Canada. Kevin Waugh introduced Bill C218, which would legalize single-game sports wagering in Canada. U.S. border states have impacted sports bettors in Canada. TORONTO, Canada – A new sports betting bill in Canada was introduced … Read more
English bookmaker William Hill will provide sports betting for two casinos in northern Michigan. The partnership covers both retail and online sports betting operations. Michigan’s sports betting industry should be lucrative, so this was an important business move. TRAVERSE CITY, Mich. – London-based bookmaker William … Read more
The Golden Nugget has expanded its iGaming offerings with an expansion using Scientific Games Corporation. Over 80% of sports betting in the Garden State is done through mobile platforms. The new partnership is open to adding new products and states on a rolling basis, covering … Read more