CT Online Casinos on Pace to Gross $210 Million in First Year
Data from the Connecticut Department of Consumer Protection (CDCP) suggest CT sports betting handle could total nearly $1.4 billion by year’s end.
Data from the Connecticut Department of Consumer Protection (CDCP) suggest CT sports betting handle could total nearly $1.4 billion by year’s end.
Data show online casino revenue in West Virginia is up 71.3% year-over-year, while handle from sports betting is up 45%.
Operators are increasingly launching their own private branded live dealer studios in an effort to maximize cross-traffic between online poker, casino gaming, & sports betting.
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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.
Citi analyst says MGM Resorts International would likely need to offer at least $11.3 billion for the UK-based gaming conglomerate to be successful. A surprising number, as it offered $11.1 billion last year.
Evolution Gaming’s new studio in Fairfield, Connecticut features branded blackjack & roulette tables for DraftKings & FanDuel. A full launch is expected on July 18.
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.