The State of Virginia, one of the newest additions to the rapidly growing US regulated sports betting market made a very impressive showing during its first eleven days of operation. The newly minted official sports betting market clocked in an impressive $60 million over the course of its first 10 days of operation. Regulated sports…
Is anyone who follows the gaming industry at all surprised that regulated sports betting is proving to be a big hit in, literally, every state where it's been adopted? Every month, multiple US States report record-breaking handles and revenue. That trend appears to be in full effect in Colorado, the Centennial State, where January 2020…
There's little question that the American gambling industry is going through an extremely rough as a result of the pandemic. Land-based casinos have been hobbled by closures and occupancy restrictions, though online sports betting is offering some badly needed revenue in states where casinos are operating at limited capacity. So what's the good news? According…
The US Court of Appeals for the First Circuit has issued a ruling upholding a 2011 interpretation of the Federal Wire Act of 1961 that limits the scope of the Act to sport betting only. It's a major decision that negates the dark legacy of a twice-impeached Florida man who pushed to expand the Act…
It seems like a pretty safe bet that when President Trump banned a group of Chinese payment apps recently he didn't think much about the impact it would have on US gambling operators. After all, isn't that why big time casino magnates like Sheldon Adelson and Steve Wynn poured hundreds of millions of dollars into…
Regulated vices, such as sports betting and marijuana, are the kinds of issues that politicians like New York Governor Mario Cuomo tend to steer away from during flush economic times. After all, when people are packing restaurants and shopping malls, purchasing consumer goods of all kinds, there's no need to muck around with controversial issues…
5Dimes, the iconic outlaw sportsbook, has negotiated a settlement with the US Department of Justice that includes the forfeiture of funds, the admission of wrongdoing, and a possible entry into the regulated US sports betting market. It's a major move that could significantly alter the landscape of sports betting in the United States. According to…
BetMGM has an interesting, and very smart, take on the burgeoning US sports betting market. Since regulated action is so new, the field is wide open and operators are tripping over each other to grab a piece of the action. That's why BetMGM is in a good position to call itself, "The King of Sportsbooks",…
It's hard to believe that there was a time when the idea of regulated sports betting in the United States seemed about as likely as reality-TV star becoming President, or the whole world shutting down to help mitigate an out-of-control virus, but here we are. Just two years after the Supreme Court put the decision…
When lawmakers were debating the viability of regulated sports betting in the United States, the one thing everyone agreed on was that demand would be strong. In Colorado, where sports betting has been legal for exactly two months, players are proving that demand is strong even if the offerings are really outside-of-the-box. To wit, professional…
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