In its current form, S8412 would allow regulators to issue 24 licenses with 10-year terms for online casinos and poker rooms. A tax rate of 25% would be levied.
BetMGM’s sportsbook joins the field late, but is expected to quickly become one of the larger players in Illinois, just as it has in neighboring states.
Gaming conglomerate says performance in more mature sports betting states like New Jersey and Pennsylvania helped offset losses in newer states like Arizona and Michigan.
Bill that would ban sportsbooks from using “Virginia is for Bettors” in their advertising headed to Republican Gov. Glenn Youngkin’s desk. Meanwhile, bettors drive record $485.5 million handle in January.
TwinSpires was one of the smallest operators in both verticals. Parent company Churchill Downs Incorporated to sell market access rights, creating “interesting” opportunities for other operators.
Strong start to 2022 with revenue from online, mobile sports betting in IA totaling $12 million. New sportsbook DRF Sports launches but loses money in its opening month.
Churchill Downs is set to acquire multiple properties and development projects, including Colonial Downs Racetrack & Hard Rock Sioux City with purchase of Peninsula Pacific Entertainment.
New regulator approves Fubo, bringing the number of online sportsboks to ten in Tennessee. Company says it is preparing to launch in TN and several other US states.
CDCP data show DraftKings was ahead of its rivals by every metric in January; Total handle from sports wagers hit a record $149.4 million.
The up-and-coming lifestyle sports betting and online casino operator is aiming to go live in several regulated US markets in 2022.
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