News

UPDATE (6/29 5 pm ET ) – Updated story to include California labor and civil rights leader Dolores Huerta announcing her support for the tribal-backed sports betting measure. Get ready, California. Because the great debate over sports betting and who should control it – tribal gaming entities or online operators – is just getting started. Screenshots from two commercials regarding the constitutional amendment to legalize online sports betting in California. It’s one of two sports betting measures that will go before voters there on Nov. 8, and more ads for – and against – both measures will continue to be released in the weeks ahead. (Image: Californians for Tribal Sovereignty …

The Nevada Gaming Commission on Thursday fined Station Casinos $80,000 for accepting bets on sporting events when the outcome was already determined. An image of the Red Rock Resort, Casino, and Spa, a Station Casinos-owned off-Strip resort in Las Vegas. On Thursday, the Nevada Gaming Commission approved an $80,000 fine against the company for accepting wagers on sporting events that were already completed. (Image: Station Casinos) Last September, the Nevada Gaming Control Board (NGCB) filed a complaint against the Las Vegas-based gaming company. That came after Station self-reported a server malfunction that led to its mobile sports betting application taking 167 bets on previously completed events. That was in addition …

The recently signed Kansas sports betting legislation goes into effect on July 1, potentially positioning the state to be ready for the start of the 2022 NFL season. Kansas Gov. Laura Kelly on the 2018 campaign trail. She says sports betting in the state isn’t likely to lure the NFL’s Chiefs. (Image: CNN) Speaking of the NFL, Gov. Laura Kelly (D-KS) says Kansans should not bet on revenue from regulated sports wagering being enough to lure the Kansas City Chiefs from neighboring Missouri. Under the terms of the bill, 80% of state-earned revenue from regulated sports wagering will be funneled to the Kansas Department of Commerce fund. Those proceeds could …

Australian-based PointsBet announced on Monday (Sunday night US time) that it received a substantial investment from a division of Susquehanna International Group (SIG) of Companies that will make the US company the largest shareholder in the sportsbook. A PointsBet sign at the PointsBet Sports Bar, located at the Little Caesars Arena in Detroit. On Sunday night (US time), PointsBet announced SIG Sports Investments, a division of Susquehanna International Group, would acquire a nearly 13% stake in the sports betting operator, making it the largest shareholder in the company. (Image: PointsBet Sports Bar) The AUD 94.2 million (USD 65.5 million) deal gives SIG Sports Investments Corporation (SIG Sports) nearly 38.8 million …

The Maryland sports betting agency assigned with deciding how to issue mobile licenses has responded to Governor Larry Hogan’s (R) demands. Hogan had asked that the regulators do everything in their power to assure that online wagering is up and running in time for the NFL regular season start on September 8. A sign welcomes motorists to Maryland. Governor Larry Hogan wants online sports betting live before the NFL season begins in September. Still, the sports betting commission overseeing the expanded gaming says more time is needed before such permits can be granted. (Image: Shutterstock) Hogan wrote the Maryland Sports Wagering Application Review Commission (SWARC) this week, ordering the regulators …

UPDATE 6/14 6 pm ET – This story has been updated to include information about a bill Colorado Gov. Jared Polis signed into law last week to limit carryover deductions by licensed sports betting operators that will be effective next year. A report released Monday by the Colorado State Auditor uncovered several issues with how state officials regulated sports betting. That included a sportsbook-friendly tax policy regarding deductions that cost the state significant amounts of revenue, as well as an inability to prove operators’ tax filings are accurate. The Colorado State Capitol in Denver. A report released by the Colorado State Auditor on Monday found several issues with the Division …

Sports wagering national advertising nearly quadrupled for the nine months ending May 31, soaring 281% to $282 million over that period, according to iSpot.tv. A scene from a FanDuel commercial. The operator is a leader in terms of sports betting advertising, according to a research firm. (Image: The Drum) From September 2021 through May 2022, total impressions jumped 48% to 18.2 billion, compared with the year earlier period. The research firm indicates 60% of those impressions were derived on traditional national linear television, while 37% came by way of local broadcasts. Less than 3% were generated via streaming mediums. Not surprisingly, the NFL — the most popular sports league in …

Maryland casinos reported gross gaming revenue (GGR) last month of $178.76 million. The haul represents the second-best month on record. Maryland’s first casino opened in September 2010. Live! Casino Hotel Maryland in Hanover. Maryland casinos won just shy of $180 million from gamblers in May 2022. It’s the industry’s second all-time best month on record. (Image: Casino.org) May 2022 represented a 3.7% improvement on May 2021, and 17.4% better than the approximately $152.3 million the six commercial casinos won in pre-pandemic May 2019. The $178.7 million May ’22 win trails only July 2021, when the casinos pulled in a record $180 million from gamblers. The industry momentum seems to threaten …

In less than five months, New York has generated more than a quarter of a billion dollars in taxes from online sports betting. That’s according to a statement released Tuesday by Gov. Kathy Hochul. New York Gov. Kathy Hochul holds up a personalized Brooklyn Nets jersey during a Nov. 2, 2021, press conference at the Barclays Center. On Tuesday, Hochul announced that New York has become the top state for sports betting tax revenue, generating more than $265 million in taxes since online sports betting apps launched in the state in January. (Image: Office of Gov. Kathy Hochul/Don Pollard) Thanks to the 51% tax rate on online sportsbook revenues, the …

Sports betting in Ohio will launch on Jan. 1, 2023. Ohio Casino Control Commission Executive Director Matt Schuler made the announcement at Wednesday’s commission meeting. A welcome sign on the Robert C. Byrd Bridge greets travelers entering Ohio from West Virginia. on Wednesday, the state’s Casino Control Commission announced sports betting will start on Jan. 1, 2023. (Image: Jimmy Emerson DVM/Flickr) The date was not necessarily a surprise. When the state’s legislature passed a law legalizing sports betting late last year, it set Jan. 1, 2023, as the rollout deadline. The law required all aspects of sports betting to begin simultaneously, meaning online apps (Type A), brick-and-mortar sportsbooks (Type B), …