Parx Casino was responsible for 21.4% of all tax contributions in April. South Philadelphia Turf Club posted the highest casino hold percentage at nearly 17%. FanDuel Sportsbook is primed to become one of the PA sportsbook leaders, bringing in over $5 million in a month … Read more
Newgioco, headquartered in Toronto, Canada, serves sports betting operators worldwide. Newgioco announced multiple partnerships to serve sports gambling operators in Montana. Newgioco completed the acquisition of Virtual Generation Limited (VG) in late January of 2019. New York – Sports betting in the US has started … Read more
Rhode Island sports betting returned to profitability in March. New projections suggest that RI’s tax revenue budget is not far off the mark. Rhode Island expects to generate $30 million from sports wagering in FY 2019-2020. PROVIDENCE, R.I. – Rhode Island Gov. Gina Raimondo (D) … Read more
Delaware Park took in $3.65 million (60%) of all Delaware sports wagers in April. The average wager amount was $39.81 for the month of April. Since the launch 11 months ago, $6.32 million has been contributed to the state government. DOVER, Del. – The NFL … Read more
IL HB 3308 has been amended to include wagering at professional sports venues like Wrigley Field and United Center. The legislation calls for an “integrity fee” of 0.25% of total handle. The bill also requires bookmakers to use “official league data.” SPRINGFIELD, Ill. – Illinois … Read more
The Wire Act of 1961 was originally written into law to cripple mob organizations from running crooked sportsbooks. Earlier this year, the Wire Act was reinterpreted to include all interstate gambling – not just sports betting. The new Wire Act opinion is not enforceable by … Read more
The Meadowlands is responsible for more than half of the year’s tax contributions. The three skins for Resorts Casino have led the online sports betting handle. Over $1.16 billion has been wagered in New Jersey since January 1. ATLANTIC CITY, N.J. – The New Jersey … Read more
Online betting could give Pennsylvania the biggest sports wagering market in the US. Even if the state doesn’t challenge Nevada for total handle, PA should generate more sports betting tax revenue. HARRISBURG, Pa. – With online betting launching in the Keystone State, Pennsylvania could become … Read more
Sports betting revenue in New York could exceed $1 billion with mobile wagering. Annual revenue is projected to drop to $300 million should mobile betting no be approved. Governor Cuomo and legislators are unsure if a constitutional change is needed to add mobile wagering. ALBANY, … Read more
HB 1260 is the last sports betting bill standing in the Illinois legislature. Amendment 1 comes with $10 million in licensing fees for brick-and-mortar and online betting. Amendment 2 would charge even higher rates but limit retail licenses and online licenses statewide. SPRINGFIELD, Ill. – … Read more
A report stated that Rhode Island will only make $2.3 million from sports betting this year. The original estimate from Governor Gina Raimondo was about $24 million. The lawsuit over mobile sports betting could further impact revenue projections. PROVIDENCE, R.I. – Rhode Island is expecting … Read more
New Hampshire does not have any casinos operating within the state’s borders. N.H. Senator Lou D’Allesandro has been trying to authorize casinos in the state since 1999. NH HB 480 will now go to a full Senate vote where it will be amended. CONCORD, N.H. … Read more