Michigan’s Online Gambling Market Thriving, May Revenue Up 28.9% Year-Over-Year
The month of May closed with online gaming revenue of $239.5 million, compared to $185.8 million collected in May 2023.
June 19, 2024
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Finance
New York Lawmakers Push For Casino Licenses To Plug MTA Funding Gap
Sen. Joseph Addabbo believes the state could see a windfall from the casino licenses potentially exceeding $3 billion.
September 9, 2024
PENN Entertainment Investor Says It’s Time To Sell The Company
Donerail Group's Will Wyatt wants the gaming company to find a buyer, claiming PENN could be worth $7 billion.
September 9, 2024
Illinois Senate Raises The Stakes: Sports Betting Tax Getting Progressive Hike To 40%
The Illinois Senate is proposing a sliding scale for sports betting operator taxes that could detrimentally influence the market.
September 9, 2024
Simplebet Rumored To Be Latest DraftKings Acquisition Target
DraftKings' focus on mergers and acquisitions seems to be in overdrive, with new rumors surfacing of a potential buyout of Simplebet.
September 9, 2024
Sports Betting Tax Hikes Are Taking Center Stage On Budget Battlegrounds
Illinois and Massachusetts are the latest states to consider substantial increases of the tax rates of online gambling operators.
September 9, 2024
Michigan Online Gaming Revenue Drops In April Compared To Record March, But Still Strong
The Michigan Gaming Control Board released April iGaming revenue data, showing a total of $234.8 million in gross receipts for the month.
September 9, 2024
New York Lawmakers Push For Faster Casino Licensing To Boost State Economy
Sen. Addabbo and Assemblyman Pretlow have proposed legislation to expedite New York's downtown casino licensing process.
September 9, 2024
Pennsylvania Online Casinos Rake In Revenue In April, Up 26% YoY
The state's online gaming market continues to grow, while the 17 retail casinos are collectively losing ground.
May 17, 2024
iGaming Gives New Jersey Gambling Revenue A Boost In April, Up 10.4% YoY
New Jersey's gaming market saw an increase in revenue in April, although much of the growth was driven by online gaming.
May 16, 2024
Commercial Gambling Industry Achieves National Revenue Record In Q1, AGA Reports
The whole pie keeps growing, but no sector is doing so faster than iGaming, which produced $1.98B in revenue in Q1, a 26.1% increase.
September 9, 2024
Sharp Alpha Advisors Closes $25M ‘Fund II’ To Drive Innovation In Sports, Gaming, And Entertainment
The closing of this fund marks a significant milestone for Sharp Alpha, reflecting the strong investor confidence in the company.
September 9, 2024