Industry
February 15, 2022
Super Bowl Handle Smashes Nevada Sportsbooks Record
As expected, Super Bowl LVI drew a massive number of gamblers who wagered record amounts of money. The Nevada Gaming Control Board figures are out and the results are mind-blowing: passionate bettors who took part in the highest anticipated sports event of the year wagered close to $180 million in sportsbooks within the state, setting […]
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 […]
Sports
February 15, 2022
Super Bowl LVI Proves to Be a Hit with Sports Bettors
Super Bowl LVI is expected to be a record-setting year for betting, with both experienced gamblers and casual sports fans continuing to show great interest in the championship game of the NFL season. GeoComply reported Sunday night that more than 80.1 million geolocation transactions were made this past weekend. This is more than twice the […]
Legal
February 15, 2022
Historic Horse Racing Machines Violate the Law, Oregon DOJ
Oregon, just like other US states offers casino gambling and lottery. While this sounds well, casino gambling is restricted to tribal lands and the lottery is state-run. On the other hand, casino gambling if not on tribal lands is prohibited by Oregon state laws. A new proposal seeks to add more than 200 historic horse […]
Industry
February 15, 2022
Massachusetts Governor Continues Pro-Sports Betting Campaign
Many lawmakers in the US have a misguided perception of their responsibilities. They believe their decisions should be based on what they want – not on what their constituents want. A poll last year by David A. Paleologos Associates showed that 72% of surveyed residents support legalized sports betting. However, in the state’s capital, many […]
Business
February 15, 2022
Passport Technology Expands Washington State Presence
Not too long ago, Passport Technology descended on Washington State when it entered an agreement with the Angel of the Winds Casino Resort. That was last September, and now the multi-service payment solutions provider is expanding its presence in the state. It has secured a new partnership with the Lucky Eagle Casino & Hotel. Passport […]
Sports
February 15, 2022
Hawaii’s 55% Tax on Consumer Betting Winnings Is a Tough Sell
America is still feverish with the showdown during the Super Bowl LVI, which saw the Cincinnati Bengals lose in a soul-crushing three-point difference the last stretch, making the Los Angeles Rams this year’s Big Game champions. Some of this must have rubbed off on Hawaiian lawmakers as one of them decided to act and bring […]
Business
February 15, 2022
MGM Resorts Continues Buying Back Shares
Along with one of its major stockholders, MGM Resorts International is taking back more control of the company. MGM announced this week that it and IAC/InterActiveCorp (IAC), a US media and technology firm, will acquire 4.5 million shares of MGM Resorts common stock from another shareholder, Corvex Management LP. MGM Resorts Takes Back Control MGM […]
Sports
February 14, 2022
Drake Wins Big on Super Bowl Bitcoin Wagers
Last week, days before the start of the Super Bowl, the four-time Grammy winner, Drake, announced that he placed three bets. Keeping up with the popularity of cryptocurrencies, the famous rapper wagered $1.25 million worth of bitcoin by using the popular platform Stake.com. The three bets were expected to bring him more than $2 million. […]
Sports
February 14, 2022
DraftKings Joins Norwich City’s Roster of Partners
DraftKings, the number one rated sports betting app that has paid out more than $7 billion to date, has signed a partnership deal with Norwich City, an English Premier League soccer club. DraftKings will thus become the official daily fantasy sports partner of the club until May 22, the last official day of the 2021/22 […]