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Industry
June 18, 2024
NJ Casino Revenue Soared in May, Betting GGR Declined
The New Jersey Division of Gaming Enforcement published its report about the gaming industry’s performance in May, highlighting increases across the casino and iGaming sector amid a monthly decline in sports betting. The total gaming revenue reported by casinos, racetracks and their partners stood at $510 million for May 2024, up 8.3% year-on-year. The state’s […]
Legal
June 18, 2024
Florida’s 2021 Gambling Compact with Seminole Tribe Upheld by Supreme Court
The Supreme Court of the United States denied hearing an appeal against Florida’s agreement giving exclusive control over online sports betting to the Seminole Tribe. The expectations are that this move will boost the state’s gambling revenue. The Supreme Court’s Decision Paves the Way for Expanded Earnings On June 17, the Supreme Court rejected West […]
Industry
June 18, 2024
JMP: DraftKings Cannibalized Fanatics’ Market Share in May
Equity research specialist JMP Securities has published its US sports betting report for May, outlining slight market changes. According to the firm, DraftKings’ market share soared that month, although the company was still unable to surpass FanDuel. As data from Indiana, Iowa, Maine, Maryland, New Jersey, New York and Kansas shows, operators recorded a 72% […]
Sports
June 17, 2024
MLB Umpire Opts to Appeal Betting-Related Discipline
Major League Baseball (MLB) announced that it has penalized umpire Pat Hoberg over a gambling violation. According to the league, Hoberg opted to appeal the discipline. The MLB is yet to announce the exact nature of the alleged breach but clarified that it has represented a violation of the league’s gambling rules. The irregularity was […]
Lottery
June 17, 2024
Woman Wins $1 Million Lottery in Time to Comfort Dying Husband
In the final weeks of her husband’s life, Karen Coffman faced the heartbreaking reality that her beloved partner, Robert, was not only battling complications from a brain tumor but also worrying about her financial future. However, a remarkable stroke of luck brought them peace, offering an unexpected ray of hope when they needed it most. […]
Lottery
June 17, 2024
Allen Park Resident Celebrates $500K Powerball Prize Win
A lottery player scooped up half a million dollars from Powerball after matching five numbers, the Michigan Lottery announced Friday. The 49-year-old Benjamin Pauline from Allen Park, purchased tickets for Powerball at the Stop & Go, on 13785 Allen Road in Southgate. Undoubtedly, he didn’t expect to win $500,000 after matching the winning numbers 20, […]
Lottery
June 17, 2024
$600K Lottery Jackpot Goes to Montgomery County
Just after noon last Friday, a fortunate Montgomery County resident struck gold at the Troy Community Mart on Albemarle Road. The lucky individual purchased a $10 50X The Cash ticket, which instantly won them a staggering $559,795 Fast Play jackpot. The winner has yet to claim their prize, but they have plenty of time to […]
Legal
June 17, 2024
MGM Resorts Dealing with New Class Action Lawsuit
In September 2023, the S&P 500 global gaming and entertainment company featuring national and international locations that create “immersive, iconic experiences,” MGM Resorts, was hit by an unprecedented cybersecurity attack across several US states that prompted the shutdown of computer systems. Now, MGM Resorts is facing a class action lawsuit alleging a series of failures […]
Blockchain
June 17, 2024
Drake Could Lose $1M in Bitcoin Bets on Stake
In February, Canadian rapper, songwriter, and singer Drake announced he placed a massive bet on the Kansas City Chiefs to beat the San Francisco 49ers at the Super Bowl. This raised concerns among Chiefs’ fans who were familiar with the so-called “Drake curse.” The latter is a belief that all teams backed by the artist […]
Business
June 17, 2024
PENN Entertainment Strategic Review Is Unlikely, According to Analyst
The shares of the leading American gaming and entertainment company formerly known as Penn National Gaming, PENN Entertainment, took a dip after an analyst hinted that a near term strategic review of the company’s operations is unlikely. The company’s shares on NASDAQ traded around $19 prior to the announcement. However, a notable decrease of nearly […]
