Tax News

Kentucky retail sports betting market goes live

Kentucky’s regulated sports betting market opened on Thursday with Governor Andy Beshear placing the first bet.

Governor Beshaer was at Churchill Downs to celebrate the launch of the market by placing a $20 parlay bet backing the University of Kentucky and University of Louisville football teams over North Carolina’s Duke University.

“Today [...]

4 mins read

Virginia sports betting drops below $300 million in July

Sports betting handle in Virginia was $293.6 million in July, falling below the $300 million mark for the first time in 2023.

Online sports betting rose by 9 per cent year-on-year to $291.0 million, with the remaining $2.6 million coming from retail wagering at Virginia’s casinos.

The overall betting margin was 11.1 [...]

1 min read

West Virginia iGaming wagers grow to $321 million in July

West Virginia’s iGaming wagers grew by 16 per cent to $321.0 million in the four-week period ended 29 July 2023.

The Hollywood Casino at Charles Town and the Greenbrier Resort were closely matched in monthly iGaming wagers with $134.9 million and $132.2 million respectively.

The Mountaineer Casino’s iGaming wagers were $41.5 million [...]

1 min read

Nevada posts record gambling revenue in July

Gambling revenue in Nevada was at an all-time high of $1.4 billion in July, with strong results across both gaming tables and slot machines.

Baccarat revenue grew by 40 per cent to $193.3 million in July, helped by a high win margin of 23.5 per cent.

Revenue from Twenty One was down [...]

1 min read
Deadwood, South Dakota

South Dakota gambling surpasses $145 million in July

South Dakota’s gambling turnover increased by 12 per cent to $145.3 million in July, thanks to the best performance of the year from slot machines.

Slot machine handle was 13 per cent higher at $136.4 million, with the majority coming from the 2,041 1-cent machines at $107.2 million. There were 222 [...]

1 min read

Louisiana reports sports wagers of $135 million in July

Louisiana’s sports wagers increased by 14 per cent to $134.8 million in July, but a lower margin reduced the month’s net proceeds.

Mobile handle grew by 19 per cent to $122.5 million, whilst retail betting dropped by 19 per cent to $12.2 million.

Total net proceeds decreased by 16 per cent to [...]

1 min read

Michigan iGaming revenue rises by 21% in July

Michigan’s iGaming revenue rose by 21 per cent to $153.6 million in July, taking the total for the first seven months of the year above $1 billion.

The MGM Grand Detroit (BetMGM) was Michigan’s largest iGaming licensee by revenue at $49.0 million, representing growth of 2 per cent year-on-year.

MotorCity Casino [...]

1 min read

Virginia posts record gaming revenue in July

Virginia’s three gaming properties reported $57.3 million in revenue for July, making it the best month since the market opened a year ago.

July’s gaming revenue was split $41.2 million from slot machines and $16.1 million from table gaming.

Rivers Casino Portsmouth was the leading casino by revenue in July with $22.4 [...]

1 min read

Kansas sports betting drops below $80 million in July

Sports betting in Kansas dropped to $79.7 million in July, during the quiet summer sports schedule.

July’s total was Kansas’s lowest since launch in September 2022, with online wagering totalling $77.5 million and $2.2 million from retail.

DraftKings was the state’s market leader with handle of $35.3 million, a share of 44 [...]

1 min read

Arizona sports wagers grow to $393 million in June

Sports wagers in Arizona grew by 23 per cent to $393.2 million in June and took total wagers in the first half of 2023 to $3.2 billion.

Mobile betting accounted for almost all of Arizona’s June wagers at $390.3 million, with just $2.9 million from retail betting.

FanDuel and DraftKings accounted for [...]

1 min read

PAGCOR initiates legal action over €33 million of unpaid license fees

State-owned gaming regulator Philippine Amusement and Gaming Corporation (PAGCOR) has confirmed that it is taking legal action against 33 of its offshore gaming licensees.

PAGCOR said that the operators were given licenses during the previous administration, but have not paid license fees for over a year, in violation of Section 4.C [...]

2 mins read
New Hampshire

New Hampshire sports handle declines by 13% in July

Sports handle in New Hampshire declined by 13 per cent to $36.9 million in July, with retail wagers at their lowest since the opening month in August 2020.

Retail wagers were down by 63 per cent to just $3.5 million and mobile betting’s 1 per cent rise to $33.4 million could [...]

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