Posts Tagged ‘COVID-19’
Michigan Sees Major September Revenue Boom At Detroit Casinos
The MGM Resorts, MotorCity Casino, and Greektown Casino have seen a combined $110.4 million in gambling revenue for September 2021. Table games and slots reported $106.9 million, while retail sportsbooks reported $3.5 million. Revenue has spiked year-over-year compared to September 2020’s $87.9 million that was reported. DETROIT – Detroit casinos have seen a successful September,…
Read MoreOnline Gambling Market To See Huge Growth Over The Next Five Years
The online gambling market could see a huge Compound Annual Growth Rate (CAGR) increase over the next five years, projections suggest. Sports betting has played a crucial role in online gambling’s overall market growth. LAS VEGAS – The online gambling industry is predicted to have a Compound Annual Growth Rate (CAGR) of 11.94% from 2021…
Read MoreSportsbooks Are Gearing Up For Biggest Sports Betting Season Yet
The sports betting market is a rapidly expanding and likely fastest growing industry in recent U.S. history. Multiple sportsbook providers are gearing up for this football season to be their biggest one yet. LAS VEGAS – The sports betting industry seems to be one of the quickest expanding industries in the United States right now.…
Read MoreRhode Island Sportsbooks See Surge In Revenue Year-Over-Year
Rhode Island sportsbooks posted 828.6% more revenue in July 2021 than they did in July 2020. July 2021 saw RI sportsbooks make over $3.3 million in revenue for the month. PROVIDENCE, R.I. – Rhode Island is doing surprisingly well for itself in the sports betting industry considering it only has two retail casinos in the…
Read MoreCOVID-19 Leads To Fewer Sessions, Kills Online IN Casino Bill
The online casino bill, SB 0417 died after failing to reach the committee deadline. Bill sponsor Senator Jon Ford blames COVID-19 for causing fewer committee session days. Lobbyists did not have time to properly educate Senators on online casinos. INDIANAPOLIS – Online casino gaming in Indiana has unfortunately been set back indefinitely after the promising…
Read MoreTexas Lt. Gov Patrick Says Legal Gambling Won’t See Light Of Day
Lt. Gov. Dan Patrick feels that a sports betting and casino bill will not make it through the political process. The Dallas Cowboys, Texas Rangers, and Dallas Mavericks have supported the push to legalize sports betting in Texas. Sen. Roland Gutierrez and State Rep. Joe Deshotel have both filed bills that would allow casinos to…
Read MoreGeorgia Republican Lawmakers File Casino, Horse Racing Bills
Ron Stephens, R-Savannah filed House Resolution 30 would give Georgia residents the power to vote on whether casinos will be allowed in the state. Georgia lawmakers have currently proposed bills legalizing sports betting, casinos, and Horse racing. Sen. Brandon Beach proposed SB 30 which would create a Georgia Horse Racing Commission that would regulate legal…
Read MoreHigh Schools In MD May Be Teaching Classes On Gambling In Future
Senate Bill 0243 in Maryland would make teaching high school students about problem gambling a requirement of the educational curriculum. People ages 18-34 are the most susceptible to developing gambling addictions which is why lawmakers want to educate them before issues arise. The Maryland General Assembly has until April 12 to decide on the fate…
Read MoreOnline Michigan Sports Betting and Gambling Launches Friday
Michigan has authorized nine gambling operators to launch online sports betting and online gaming throughout the state on Friday. FanDuel, DraftKings, BetMGM, and Barstool Sportsbook are among the nine gambling operators launching in Michigan. Online sports betting in Michigan will be taxed at a rate of 8.4% while online gaming will be taxed between 20-28%.…
Read MoreKentucky Bill Seeks To Legalize Online Sportsbooks, DFS, Poker
House Bill 241 would make sports betting, online poker, and Daily Fantasy Sports (DFS) legal in Kentucky. The legislative session in the Bluegrass State must adjourn for the year by March 30, allowing for 30 full days of hearings. Legalizing historical horse racing (HHR) will take precedence over sports betting and online legalization if time…
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