FanDuel and DraftKings combined for nearly 86% of the new market. But operators’ deductions for promotions wiped out nearly all the tax revenue to the state.
After winning Maryland Lottery and Gaming Control Commission (MLGCC) approval, another panel will consider applications by both operators for a mobile sports wagering license next week.
The state estimates annual tax revenue from online sports betting in Maryland will total $30 million next year and reach $100 million by 2027.
American Gaming Association (AGA) says a huge increase in the number of US online sportsbooks since the 2018 tournament will drive wagers, which are expected to hit $1.8 billion.
Sports betting revenue hit a record $1.7 billion after Americans made just shy of $16 billion in sports wagers. Meanwhile, iGaming revenue is on pace to set a new full-year record in 2022.
Prop 27, an industry-backed initiative to legalize online sports betting in CA through partnerships with tribal casinos, only won 16.7% of votes.
Judicial Arbitration and Mediation Services (JAMS) rules that Fox Corp. has until August 2023 to acquire up to 50% of The Stars Group US, a Flutter subsidiary that includes PokerStars US.
While SuperBook launches in its sixth state, Kindred will focus on jurisdictions offering both online casino gaming and online sports betting, instead of those with just sports, like Iowa.
Officials in Arizona & Iowa are monitoring developments after Fubo’s website was briefly disabled. The new plan is for the site to be up for 30 days so customers can withdraw funds.
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.
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