There's no question that 2020 was a lousy year for American gambling operators but a recent report from the American Gaming Association (AGA) bears out the misery in excruciating detail. All told, the US gambling business pulled in around $20 billion in 2020; which is down 30 percent over 2019. The report utilized data drawn…
There's no question that regulated sports betting has been a massive hit in the United States. Every month there's at least one state that shatters its previous record handle and January 2020 was no exception. With a $384.2 million handle, Indiana broke its previous wagering record of $313.1 million that was set way back in…
A group of Texas-based professional sports teams are lobbying state lawmakers to move forward with a bill that would legalize Lone Star sports betting. It's a far cry from the days when professional sport team owners and their cronies cried endlessly about how legal sports wagering would be the end of legitimate sports as we…
Oklahoma Governor Kevin Stitt is fighting with his state's tribal gaming interests and losing every case he brings. Governor Stitt's lousy track record in the court room stems from his belief that he can change the terms of a 2004 gambling compact without the permission of the tribes or his fellow lawmakers. Earlier this week,…
There's something about the total collapse of tax revenues during the pandemic that have made all kinds of US state governors take a fresh look at the viability of regulated sports betting in their states. The latest convert to the potential fiscal benefits of regulated wagering is Arizona Governor Doug Ducey. But bringing sports betting,…
MGM Resorts is looking to absorb UK operator Entain in a mega-deal that's anything but finalized and could well be the kind of deal that becomes more common as the US sports betting market continues to explode. According to published reports in the UK Guardian and Bloomberg, MGM Resorts is offering $11.1 billion (£8.1 billion)…
Regulated sports betting in the United States is one of the biggest success stories in the gambling industry over the last 12 months. In state after state, regulators are reporting eye-popping revenue numbers that are quite pleasing to the folks at state revenue departments. But the phenomenon of is not isolated to states where legal…
During the decades of darkness when regulated sports betting was a genuine long shot wager for the American market, everyone knew that Americans truly loved wagering on sporting events. One need look no further than the thriving black market that existed relatively openly across the country during the prohibition years. While most people assumed that…
Few American cities have been harder hit by the ravages of the pandemic than Las Vegas, Nevada. In 2019, the combined casinos of the glittering Las Vegas Strip brought in more than $12 billion worth of economic activity to the city, along with more than 42 million tourists from all over the world. Of course…
Launching regulated sports betting in a new market is a process that's at once complicated, but still relatively simple. After all, though the rules for running a legal sports book vary slightly from state to state, it's all still pretty much the same thing when it comes to posting lines and making payouts. Unfortunately, gambling…
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