Gambling Clear News
Massachusetts recorded $71.1m (£56.5m/€66m) in taxable sports betting revenue for January, smashing the previous record of $61m. Massachusetts’ January revenue was a remarkable 17% increase on the previous highest month, set back in May 2023. Handle fell just 1.1% short of December’s $658.7m record, still accumulating $651.7m in what was another strong month for Massachusetts’
Super Bowl wagers in Pennsylvania totalled $71.5m (£56.8m/€66.4m), according to data released by the Pennsylvania Gaming Control Board. These were wagers made through both retail and online sportsbooks. In total, this is a decrease of 15.1% compared to Super Bowl 2023, when the Philadelphia Eagles were defeated by the Kansas City Chiefs. The regulator added
BetMGM, the joint venture between Entain and MGM Resorts, generated almost $2.00bn (£1.59bn/€1.86bn) in revenue in 2023, reaching the upper end of its guidance range. Revenue for the 12 months to 31 December 2023 amounted to $1.96bn. BetMGM forecast between $1.80bn and $2.00bn for the full year, with several developments helping to drive growth. In line with
Flutter Entertainment has today (29 January) commenced trading on the New York Stock Exchange (NYSE) in the US, with its shares launching at 2.30pm GMT. Ordinary shares in Flutter are now trading under the ticker symbol FLUT on the NYSE. Launching on the NYSE signals the end of Flutter’s secondary listing on Euronext Dublin. Last
Denise Coates, founder of Bet365, has fallen to third in the annual list of the top taxpayers in the UK, while Betfred’s Fred and Peter Done climbed to fourth. Published each year by The Times newspaper, the Tax List features the top 100 UK taxpayers. Those on this year’s list paid a collective £5.35bn (€6.27bn/$6.81bn) in tax
Sports betting revenue and handle in Mississippi both fell year-on-year in December, while the Magnolia State also reported a month-on-month decline. Handle amounted to $48.9m (£38.6m/€44.9m), down 34.3% from $74.4m in Mississippi in December of 2022. This was also 21.6% lower than the $62.4m spent in November 2023. As for revenue, this reached $4.9m. While this was
Gaming revenue in Ontario grew 22% quarterly to CA$658m ($486.8m/£384.3m/€448.4m) in its third quarter ended 31 December 2023. The revenue encompasses all cash wagers, including rake fees and tournament fees gathered in the province, which was officially regulated in April 2022. Ontario is regulated by iGaming Ontario, a subsidiary of Alcohol and Gaming Commission of
A study on New Jersey’s gambling market has judged the igaming industry to be “detrimental” for the state’s economy, despite its strong tax contributions. The research was carried out by the National Economic Research Associates (NERA). It was previously commissioned by the Campaign for Fairer Gambling (CFG). Online gaming has been legal in New Jersey
LiveScore reported revenue of £129.6m ($165.0m/€150.8m) in its full year 2023 results, an increase of 48.9% yearly. LiveScore’s full-year period ended 31 March 2023. Its full-year report focused on operations within its Virgin Bet, LiveScore Bet and sports media business. Gambling made up £108.0m of the total revenue, up by 57.3% compared to full-year 2022.
Macau reported another strong month for its gambling sector as monthly gross income reached MOP$18.6bn (£1.8bn/€2.1bn/$2.3bn) in December, a 433% increase year-on-year. While gross gambling income in December was also 15.7% higher in Macau than the MOP$16bn recorded in November, it fell short of the MOP$19.5bn accumulated in October. December was no doubt another strong
