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.
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.
A former Disney exec & an industry analyst weigh in on whether involvement in gambling could hurt the parent co’s reputation & how it might approach potential partnerships.
Bet365 finally launches in CO. Fubo Sportsbook does the same in NJ. Meanwhile, SI Sportsbook replaces TwinSpires in MI, and Hard Rock Sportsbook goes live in IN and TN.
CEO Tom Reeg says the company wants to avoid offending its tribal business partners, including two tribes in Cali where Caesars manages their properties.
Southland Casino Hotel, located across the river in West Memphis, AR, launched its Betly Sportsbook in Tennessee to serve its “many loyal patrons” there.
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.
Meanwhile, five sports betting operators spent $50 million in July to get the initiative passed.
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