A study of more than 700,000 North American online gamblers released Tuesday (23 July) reveals that 96% of respondents lose money and that lower-income gamblers are more “irresponsible” with their gambling spending than higher-income gamblers. Researchers at UC-San Diego’s Rand School of Management took a comprehensive look into gambling habits and how legal online betting...
Tag: online sports betting
Post
Post
SuperBook shuts down in eight states
Late Friday (19 July) SuperBook Sports became the latest casualty in the digital sports betting world when it shut down in eight states. The company, which has its flagship retail sportsbook at the Westgate in Las Vegas, remains live online in Nevada. In an 8:38 p.m. ET tweet, the company announced that it had shuttered...
Post
How to Bet on the Open Golf in California 2024: CA Sports Betting Sites
Despite several attempts to get sports betting (online and retail) legalized, it remains banned in the state of California – and it’s expected to remain this way till at least 2026. This is why many California residents over the years have turned to the trusted US offshore sports betting sites – as they are based...
Post
Virginia wagering operators see 24.6% year over year revenue growth in May
Sports betting operators in Virginia had a stunning May, earning $60m in adjusted gross revenue as compared to $42.5m in May 2023. Those betting in the state laid down $505.6m, a 25.2% increase against the same month last year. Handle and revenue were down for Virginia wagering operators against April, but that is consistent with...
Post
Bally Bet to launch 2 July in Massachusetts; VSC goes live in Maryland
The Massachusetts Gaming Commission Monday (1 July) announced that Bally Bet has plans to launch Tuesday (2 July). The commission approved Bally’s application for its operations certificate, clearing the way for that launch. The MGC revealed that Bally Bet plans to launch at 11AM local time Tuesday. Bally Bet has had its temporary licence for...
Post
Southern Ute and Ute Mountain Ute tribes looking to offer online sports betting, facing pushback from State
GRAND JUNCTION, Colo. (KKCO) – The Southern Ute and Ute Mountain Ute tribes want to offer online sports betting, but a dispute with the state is hindering their efforts. Some fear allowing tribal remote sports betting could divert tax revenue from crucial water projects. Currently, Colorado’s sports betting law caps state tax revenues at $29...
Post
Yield Sec projections: Illegal market still has strong hold on US gamblers
Using predictive analytics, Yield Sec earlier this month released a special report projecting that even as legal sports betting proliferates across the US, the black market still dominates. According to the report, the black market made up 65% of all wagering GGR in the US. In 2023, according to the report, of the predicted total...
Post
International online sports betting racket busted
BHOPAL: The Madhya Pradesh police unearthed an international online sports betting racket in Ujjain and seized around Rs 15 crore cash, police said on Friday. According to the police, the volume of notes was so huge (perhaps the biggest ever in an online betting racket in the state) that note-counting machines had to be pressed...
Post
Google’s Algorithm Tweaks Are Present Challenge, Future Chance For Gambling.com
Strong demand across all of its markets drives sales of digital marketing services provider Gambling.com (GAMB) to a Q1 record and sets it up for even stronger results despite a temporary search-engine headwind. NurPhoto via Getty Images The first thing you need to know about Gambling.com (GAMB) is that, contrary to its name, it’s not...
Post
Online Gambling Global Market Report 2024-2033, with Key Player Profiles for Flutter Entertainment, Bet365 Group, Entain, Kindred Group and Betfred
Dublin, June 10, 2024 (GLOBE NEWSWIRE) — The “Online Gambling Global Market Opportunities and Strategies to 2033” report has been added to ResearchAndMarkets.com’s offering. The global online gambling market reached a value of nearly $88.7 billion in 2023, having grown at a compound annual growth rate (CAGR) of 10.4% since 2018. The market is expected...
Post
Arizona Dept. of Gaming opens new event wagering application window
The Arizona Department of Gaming (ADG) will accept event wagering applications July 8-19, the agency announced Friday (7 June). The application window will close at 5 p.m. local time on the 19th. There are 17 operators currently live in the state, and state law allows for up to 20 digital platforms. The ADG will consider...
Post
Illinois senate passes ‘penal’, progressive sports betting tax
Illinois senators late Sunday (26 May) passed a FY 2025 budget that includes a sports betting tax hike that will most affect the state’s biggest operators. The Sports Betting Alliance (SBA) called the budget an “extremely disappointing decision that will cause real harm.” The proposal nearly triples the tax rate for the most successful operators....
- 1
- 2