Gambling Clear News
Rounding up some of the latest gambling figures in the US, Louisiana reported a year-on-year rise in sports betting revenue and handle despite a decline in the retail market during its 2023-24 financial year, while Mississippi saw player wagers fall in June. Starting in Louisiana, players staked $3.33bn, an increase of 32.1% figures from the
As legal sports betting in the US proceeds in its seventh year, many have expressed concerns about whether the current wagering model is sustainable for the long term. A panel discussion Friday (19 July) at the Summer Meeting of the National Council of Legislators from Gaming States (NCLGS) in Pittsburgh featured views on the subject
Pennsylvania reported year-on-year declines in slots, table games, sports betting, VGTs and fantasy sports in its fiscal year ended 30 June, yet a strong performance from online gaming was enough to push the state to record revenue and taxes. Total gambling revenue for the 12 months to 30 June came to $5.89bn (£4.55bn/€5.41bn), 6.9% ahead
Sports betting handle in Illinois exceeded $1.00bn (£781.9m/€924.5m) for the ninth straight month in May, though the Prairie State reported a slight month-on-month decline in stakes. Total handle for May reached $1.02bn, 21.9% ahead of $821.7m staked last year. However, the figure is down 8.9% from the $1.10bn bet in Illinois during April. Of all wagers
Welcome to iGB’s State of the Union, a look at the biggest North American sports betting stories we’ve covered over the week and briefs on others we found interesting. CNBC getting into sports Per Steve Ruddock’s “Straight to the Point” substack, CNBC is adding a sports channel. What does that mean for sports betting? “That
As activist investors are pushing Penn Entertainment to divest its digital gaming arm, The Deal is reporting Flutter and Boyd Gaming may partner on a deal. Boyd has a 5% ownership stake in Flutter, and partners with Flutter’s FanDuel in the US for retail and digital sports betting. Penn stock was up 4.22% midday Friday
The Nathan’s Hot Dog Eating Contest takes the idea of the traditional 4th of July barbeque to a new level. This year, the contest won’t feel the same after 16-time champion Joey Chestnut has parted ways with organizers. The Nathan’s hot dog contest, held at Coney Island in New York, pits America’s top competitive eaters
Sports betting operators in Virginia had a stunning May, earning $60m in adjusted gross revenue as compared to $42.5m in May 2023. Those betting in the state laid down $505.6m, a 25.2% increase against the same month last year. Handle and revenue were down for Virginia wagering operators against April, but that is consistent with
Analysing some of the latest US monthly state reports, iGB takes a closer look at how Nevada, Colorado, Connecticut and South Dakota performed during May. Sports betting revenue for May in Nevada topped $36m, up 19.8% on last year. Online betting (up 23%) accounted for 63.4% of all sports wagering revenue. Overall handle dipped 2.3%
Welcome to iGB’s State of the Union, a look at the biggest North American sports betting stories we’ve covered over the week and briefs on others we found interesting. Live! Philadelphia fined $100,000 The Pennsylvania Gaming Control Board this week issued a $100,00 fine to Live! Philadelphia for taking sports bets over the phone. At
