In an exclusive, iDEA Growth’s John Pappas said that if IN expands its iGaming options in 2023, several other states with only sports betting could follow suit.
Operators spent about $170 million trying to convince voters to back Prop 27, but to no avail. With one month left to go, the industry is now reportedly canceling ad buys.
In a 103-page report, Spectrum Gaming Group estimates that Indiana online casinos could generate $469 million in revenue during their first year in operation.
The ban, which starts October 18, excludes websites for fantasy sports, poker, and sports betting. Four casinos that use crypto were named in the ban, but others may follow.
Survey by the Public Policy Institute of California (PPIC) suggests industry-backed initiative for California online sports betting is doomed, despite nearly $170 million spent to date in support.
Judge rules Wire Act applies only to sports betting in a triumphant moment for US online poker and iGaming industries, and for the future of multi-state poker.
Future scenarios include BetMGM launching in the UK or Scandinavia. BetMGM could also get some new online casino titles. LeoVegas could also make its long-awaited entry into New Jersey.
Despite a $1.6 million fine in the UK & an insider trading probe in Sweden, MGM still wants to buy LeoVegas. It has until Aug. 30 to decide on the $607M offer.
The company, formerly known as Penn National Gaming (PNG), told the SEC that it will purchase all outstanding shares of Barstool and make it a wholly-owned subsidiary in February 2023.
Despite stubborn inflation, WV sportsbooks hit record highs while online casino operators in the Mountain State had their second-best month to date.
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