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…
When will Nevada's glittering casino archipelago reopen in its entirety? That is to say, when can you waltz into Caesar's Palace without a mask and expect the place to be packed to the rafters? We don't know exactly when that glorious day will arrive but, according to Nevada Governor Steve Sisolak, corona virus inspired capacity…
DraftKings has announced a new deal with the Mashantucket Pequot Tribal Nation (MPTN) - operators of the Foxwoods Resorts Casino in Connecticut, which positions them to be a major player in the East Coast regulated sports betting market. But what the deal accomplishes today is merely an opening act for a much bigger move down…
Can Nevada's casinos survive on just 25 percent capacity? The glittering palaces of the Las Vegas Strip and the constellation of small, independently-owned casinos across the Silver State are about to find out. Late last week Nevada Governor Steve Sisolak announced a series of new business restrictions aimed at curbing the spread of the corona…
Regulated sports betting in Colorado is still relatively new but, like most US regulated markets, is setting new records every month. In September 2020, Colorado's regulated sportsbooks pulled in $207.6 million in wagers. That's pretty impressive for the first the full month that included football, though Colorado bettors threw money at a variety of sports,…
Iowa gambling regulators recently hit DraftKings, and several other operators, with fines and warnings for failing to properly maintain legally mandated self-exclusion lists. But the big-time national sports betting operator and its fellow self-exclusion slackers suffered only a slap on the wrist for their failure to comply with Iowa rules and regulations. DraftKings' Iowa trouble…
Caesars Entertainment is currently readying a bid to purchase UK operator and US sports betting giant William-Hill for $3.7 billion. It's a massive deal that would shift the tectonic plates of the US gambling market and would likely have a ripple effect in the UK as well. On Monday, officials from Caesars confirmed that they…
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