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.
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.
April figures show FanDuel is the leading sportsbook in seven of the 15 states in which it operates, holding a 55% market share in its biggest states.
Research commissioned by the Fantasy Sports & Gaming Association (FSGA) also found that nearly 25% of US adults, about 60.2 million people, participate in online sports betting.
Penn National Gaming to focus on Barstool Sportsbook in the US and theScore Bet in Canada. US sports betting customers in four states won’t be able to make deposits or place wagers after June 15.
The sports merchandiser wants to use the BetFanatics name for its branded sportsbook. Its USPTO application also mentioned “organizing and conducting” online poker tournaments.
CEO Richard Schwartz says company is “very optimistic and excited” by innovations in product development, which now includes the team from Run It Once Poker (RIO).
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