The New Jersey sports betting and online casino industries closed out 2020 with their best month to date. Online casino revenue reached a new all-time high of $99.5 million in December. That tally has the state flirting with $100 million months heading into 2021, which is astounding considering the industry generated $123 million in all…
The latest New Jersey sports betting revenue report contained some very big numbers. Sports betting hit nearly $1 billion in handle, and because it’s the December report, it also includes the big year-end numbers. That said, the framing of these numbers didn’t go unnoticed on Twitter and opened up a discussion on the reporting of…
It’s (almost) official. The Michigan online casino industry will go live very soon. When it does, it will become just the sixth state with legal online gambling (casino or poker). And with all due respect to West Virginia, Delaware, and Nevada, Michigan is part of an even smaller group of consequential online gambling states that…
The passing of Sheldon Adelson is reverberating around the globe. One of the most polarizing political figures in recent memory, Adelson is both revered and reviled. Within his own highly competitive industry it was more of the latter, and amongst online gambling advocates, the casino magnate was bête noire. Over the years, I’ve personally devoted…
Sheldon Adelson has been a thorn in the side of US online gambling efforts since he publicly voiced his opposition to it in an infamous Forbes article from November 2013. His motives have often been questioned, but two things were always inevitable: Online gambling would spread in the US, despite Adelson’s deep-pocketed opposition. Las Vegas…
At the start of 2021, online lottery tickets are available in 19 states and the District of Columbia. That’s an astonishing number, considering how under the radar the spread of online lottery has been compared to online sports betting (legal in more than a dozen states) or even online casino and poker (legal in just…
Update: Gov. Andrew Cuomo has put forth a somewhat vague proposal that appears to create a lottery-run or single-operator monopoly. That development has dampened the optimism that New York is closer to legalizing mobile sports betting. There was recent evidence that New York Gov. Andrew Cuomo’s icy mobile sports betting views were thawing. According to…
The gambling industry is still in the get-to-know-you phase of its relationship with Barstool Sports, and it should pay close attention to the Barstool Fund, which is the industry’s first look at what the company can do when it puts its collective to mind to something.
COVID-19 has states scrambling for revenue, and in many locales, that has accelerated interest in legalized gambling. One of those locales is Alabama, which recently received an 876-page report from Gov. Kay Ivey’s Study Group on Gambling Policy.
For the US gambling industry, 2020 was an interesting year on virtually every front. Suffice it to say, there was no shortage of significant developments, but in this column, we took it upon ourselves to identify the five most meaningful US gambling stories of 2020. Among the criteria we used were current and future impact…
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