Data from the Connecticut Department of Consumer Protection (CDCP) suggest CT sports betting handle could total nearly $1.4 billion by year’s end.
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After meeting with Rush Street Interactive execs, analysts with JMP Securities noted that a $100 million license fee in CA “might not garner the return necessary to justify operating in the state.”
Despite lingering economic challenges, online & retail casinos & sportsbooks generated $5.3 billion in March, making it the highest month on record.
Even with June lows, the Empire State collected $302.2 million in tax revenue in just under six months. That’s more than either NJ or PA has collected since 2018.
Operator is “in the process of closing down” operations in Arizona, Michigan, & Pennsylvania. Previous shutdowns show players will have about one month to withdraw their funds.
The ninth and final operator awarded a mobile sports betting license in NY launched on Thursday. High acquisition costs & a failed takeover bid kept it from launching sooner.
Donations made by seven operators are seen as critical to countering attacks by tribes opposed to the industry-backed initiative for online sports betting in CA.
Citing an existential threat to legal online gaming in the US, the bipartisan Congressional Gaming Caucus called for DOJ to “identify the worst actors, investigate, and prosecute them.”
Merchandiser’s sports betting plans move forward after billionaire CEO Michael Rubin agrees to sell stake in NBA and NHL teams. The next day, Maryland regulators gave BetFanatics a retail license.
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