Economy/Finance

DuelNow Secures $11 Million Funding to Transform Sports Betting with Blockchain

Vanja Mitic
Cryptocurrency, Latest Casino and Gambling News, Online gaming software, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting
DuelNow, a burgeoning force in the decentralized sports betting arena, proudly announced a significant financial milestone with a $10 million investment from GEM Digital Limited and an additional $1 million fro...

DraftKings Implements Surcharge in Response to High State Taxes

Johnny K.
Vermont, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxation, Illinois, Taxes, New York, Pennsylvania
In a bold move reflective of the changing fiscal landscape in the United States, DraftKings Inc. has announced plans to implement a surcharge for customers in states with high gambling taxes. This decision come...

US Senators Introduce WAGER Act to Eliminate Sports Betting Excise Taxes

Vanja Mitic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Taxes
U.S. Senators Catherine Cortez Masto (D-Nev.) and Cindy Hyde-Smith (R-Miss.) have recently introduced the Withdrawing Arduous Gaming Excise Rates (WAGER) Act, a pivotal piece of bipartisan legislation designed ...

Massachusetts to Initiate Online Lottery Targeting 2025 Launch

Vanja Mitic
Gaming Law & Legislation, U.S.A., Online gaming software, Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Massachusetts
Following prolonged discussions and minimal progress, the Massachusetts Lottery is set to embrace the digital era. Governor Maura Healey's recent approval of the nearly $58 billion state budget includes provisi...

Maine Sports Gambling Sees Impressive Start with $319M in Bets and $3.2M Tax Revenue

Vanja Mitic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Maine
Since its inception eight months ago, Maine's newly legalized sports gambling market has quickly gained traction, although it's still too soon to declare its long-term success guaranteed. The ongoing Olympic Ga...

BetMGM Anticipates $250M Core Loss in 2024 Amid Aggressive Marketing Push

Vanja Mitic
Latest Casino and Gambling News, U.S.A., Canada, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Ontario, Sports betting, Online Gambling News, Financial Press Releases
BetMGM, a joint venture between MGM Resorts and Entain, has recently announced that its financial losses for the year are expected to surpass earlier projections. This news comes as the company aggressively ram...

U.S. iGaming Market Projects $7.3B Revenue in 2024, Led by FanDuel, DraftKings, BetMGM

Johnny K.
U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News
Eilers & Krejcik Gaming (EKG), supported by data from Fantini Research, has released a new report detailing the performance of online sports betting and gambling operators in the United States for the first...