Connecticut’s sports betting and iGaming market surpassed $1bn for the fifth consecutive month as January wagers climbed 16 per cent to $1.09bn.
Wagers from iGaming increased by 18.5 per cent year-on-year to $924.6m, while online sports betting wagers rose 4 per cent to $156.1m and retail sports betting wagers rose 33 [...]
New York-listed sportsbook and iGaming operator DraftKings has reported a 73 per cent increase in revenue to $2.24bn for 2022, driven by a strong finish to the year in the final quarter.
Revenue in Q4 exceeded expectations and increased by 81 per cent to $855m, buoyed by successful launches of DraftKings’ [...]
Michigan’s three commercial casinos in Detroit have reported a 3 per cent increase in combined land-based casino and retail sportsbook revenue to $103.5m in January.
Combined slots and table revenue rose by 4 per cent versus a year ago to $103.4m, with MGM Grand Detroit accounting for nearly half of the [...]
New York-listed betting and gaming operator Bally’s Corporation expects to post a net loss of $476.8m for the final quarter of 2022, with results negatively impacted by non-cash impairment charges of $464.0m relating to its Interactive segments.
Bally’s said Monday that Q4 revenue is expected to climb 5 per cent year-on-year [...]
Bally’s Corporation has appointed Robeson Reeves as its new chief executive to replace Lee Fenton, who steps down at the end of March.
Reeves currently serves as president of interactive and will take over as CEO on 31 March.
He replaces Fenton, who became Bally’s CEO in October 2021 following the acquisition [...]
Nevada’s land-based casinos recovered strongly from the pandemic downturn and generated net income of $4.13bn in the fiscal year to 30 June 2022, according to the latest Nevada Gaming Abstract released by the state’s Gaming Control Board.
The Nevada Gaming Abstract brings together the financial information for gaming licensees which have [...]
A bipartisan group of 12 lawmakers have introduced legislation in South Carolina to legalize and regulate interactive wagering.
The proposed legislation was prefiled in December and introduced and read for the first time in the House on January 19, before being referred to the House Ways and Means Committee.
The bill would [...]
Pennsylvania’s gambling market reached new heights in 2022 as total revenue from all forms of gaming increased by 10 per cent to $5.21bn, buoyed by another record performance in December.
December’s total revenue grew by 17 per cent year-on-year to $475.0m, surpassing the market's previous monthly record set in March 2022.
This [...]
Connecticut’s sports betting and iGaming market hit a new record high in December as total wagers reached $1.16bn, with iGaming wagers surpassing $1bn for the first time.
December’s wagers were higher than October’s previous record of $1.14bn and marked the fourth consecutive month that combined sports betting and iGaming wagers surpassed [...]
Michigan’s three commercial casinos in Detroit have reported combined land-based casino and retail sportsbook revenue of $1.28bn for 2022.
Total annual revenue declined by 1 per cent compared to 2021, and comprised $983.7m in slots revenue, $273.3m in table games revenue, and $18.8m in retail sports betting revenue.
Combined slots and table [...]
Lawmakers in Kentucky have introduced a new bill to legalise sports betting, fantasy sports and online poker in the state.
The bill will enable the Kentucky Horse Racing Commission to introduce sports betting in the state at racetracks, as well as via online and mobile channels.
A licensed track will be allowed [...]
India’s Ministry of Electronics and Information Technology has launched a public consultation on proposed amendments relating to online gaming.
The proposed amendments to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 aim to establish basic rules for online games which involve a deposit with the expectation of earning [...]