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Sports
March 21, 2022
March Madness First Week Numbers Put FanDuel at the Top of the NY Market
Sportsbooks in New York are showing no signs of slowing down, especially with March Madness taking over the scene. The statistics for the period between March 7 and March 13 are in and according to the numbers, FanDuel is leading the NY market. FanDuel’s Handle Share Reached 43% FanDuel by Flutter Entertainment proved to be […]
Sports
March 14, 2022
New York Bags $1.5B in February amid Temporary Betting Lull
After the initial sports betting bonanza, the New York sports betting market cooled off a little in February, posting slightly lower results according to analysts from PlayNY.com, a Catena Media property. Never mind the drop in the sports betting handle, the Empire State still ended up with the second-highest total on record in the United […]
Legal
March 9, 2022
Second Online Casino Gaming Bill Introduced in New York
The New York Assembly has been introduced with a second bill seeking to legalize interactive casino gaming in the state. Sponsored by Assemblyman Gary Pretlow, A09436 is now joining the previously proposed S08412 by Sen. Joseph Addabbo. Operators and Independent Contractors The partisan bill that was introduced this Monday by Assemblyman Gary Pretlow defines interactive […]
Legal
March 7, 2022
New York State Bills Suggest Reduction of Mobile Betting Tax Rate
One of the hot-button topics in New York at the turn of the year was the taxation rate for the sports betting industry and specifically, its mobile betting branch. Now, a group of state lawmakers is looking to tweak the numbers and give the industry more in the way of breathing room, add fresh licensees, […]
Industry
February 28, 2022
New York Senate May Pass Bill to Authorize iGaming in the State
US Senator Joseph P. Addabbo Jr. presented the US Senate with a new bill that, if passed, would make interactive gaming legal in the state. The bill was introduced in the context of a continuously growing market for sports betting online that has exceeded the $2-billion milestone since the beginning of the year when the […]
Industry
February 25, 2022
New York Sports Betting Hits the Ground Running, but Revenue Elusive
New York has proven itself to be everything Senator Joseph Addabbo expected. He fought for years to bring sports betting to the state, knowing well in advance what it could mean to the state’s piggy bank. His insistence, and that of others, finally paid off. New York has the fastest-growing sports betting market in the […]
Casino
February 22, 2022
CDI Expands Live and Historical Horse Racing Geographical Reach
Racing, wagering and gaming entertainment company Churchill Downs Incorporated (CDI) announced today it entered into a definitive agreement to acquire assets of Peninsula Pacific Entertainment (P2E). Acquire Additional Scale The $2.485 billion acquisition deal will see CDI acquire all Peninsula assets in Virginia and New York and its operations of the Sioux City casino in […]
Business
February 18, 2022
Hard Rock to Choose From Three Sites for Casino in New York City
Hard Rock International, the global casino, entertainment and gambling company, said yesterday that there are three potential sites it could construct a casino in New York City. The name, owned by the Seminole Tribe of Florida, is already a fixture in the city, as it will open a $400-500-million hotel in Manhattan in April. The […]
Industry
February 17, 2022
Spotlight Sports Group Signed Advance Local Partnership
Technology, content and media specialist in sports betting and fantasy sports Spotlight Sports Group continued to expand its presence in the US with a groundbreaking sports wagering monetization partnership with Advance Local. More than Just ‘Clickbait’ The agreement reached with US media powerhouse Advance Local will see Spotlight Sports Group deliver localized and international sports […]
Sports
February 15, 2022
Mobile Sports Betting in New York Goes through the Roof in Its First Month
Legal mobile wagering in New York went through the roof in its 30 days of existence as the total handle reached $1,984,759,532. Governor Kathy Hochul confirmed the handle on Monday. This announcement comes just off the heels of New York’s record-breaking January numbers. Just a reminder, sports betting in the state was launched on January […]