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Virginia sports bets drop in April, with just over $236 million posted

May 31, 2021

Virginia, Latest Casino and Gambling News, Economy/Finance, Sports betting

After just over three months of service, the sports betting industry in Virginia has reached almost $900 million in bets. In April, the total handle came in at $236,432,524, which is a drop considering recent n...

Iowa sportsbetting sector chalks up record-setting March figures

Adam Morgan

April 9, 2021

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, Taxes, Iowa

Sportsbooks in the American state of Iowa reportedly pulled in aggregated online and retail handle of $161.4 million last month thanks to increased activity connected to this year’s edition of the annual ‘March...

Record January for Pennsylvania sportsbooks and online casinos

Adam Morgan

February 19, 2021

Latest Casino and Gambling News, Gaming Industry News, Online Poker, Economy/Finance, Poker, Online Gambling News, Sports betting, Taxes, Pennsylvania

Retail sportsbooks and online casinos in Pennsylvania reportedly had a record January after processing approximately $615.3 million in aggregated wagers and handing over some $34 million in combined taxes. A...

Illinois chalks up record November sportsbetting handle

Adam Morgan

January 28, 2021

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Illinois

Illinois reportedly now has the fourth most vibrant online and land-based sportsbetting market in the United States after chalking up some $447 million in aggregated handle for November. According to a Wedne...

New Jersey sportsbetting market registers a record-breaking December

Adam Morgan

January 14, 2021

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxes, New Jersey

The large selection of online and land-based sportsbetting services in New Jersey reportedly had a fifth consecutive record-breaking month in December after chalking up aggregated revenues of $66.4 million cour...

Indiana sportsbetting market experiences a record-setting December

Adam Morgan

January 13, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Online Poker, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Indiana, Taxes

In Indiana and the embryonic online and land-based sportsbetting industry reportedly chalked up a record-setting $313 million in aggregated handle for December to generate collective tax revenues of approximate...

New Jersey sportsbetting market continues to show its dominance

Adam Morgan

December 15, 2020

Latest Casino and Gambling News, NFL, Gaming Industry News, Online Poker, Economy/Finance, Online Gambling News, Sports betting, Taxes, New Jersey

The large selection of online and land-based sportsbetting services in New Jersey reportedly had a record-breaking November after chalking up aggregated handle of approximately $931 million. According to a M...

October success for Nevada and New Jersey sportsbetting markets

Adam Morgan

November 30, 2019

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Nevada, New Jersey

Increased action on baseball and gridiron football reportedly helped the sports betting markets in New Jersey and Nevada to record a combined aggregate handle last month of well over $1 billion. According to...

September success for New Jersey’s sportsbetting market

Adam Morgan

October 16, 2019

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes, New Jersey

Online and land-based sportsbooks in New Jersey saw their aggregated handle for September increase by 142% year-on-year to hit $445.6 million while the sector’s comparable combined revenues for the 30-day perio...

Pennsylvania benefits from January sports wagering

Adam Morgan

February 19, 2019

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Sports betting, Pennsylvania

Last month reportedly saw the six fledgling sportsbooks in Pennsylvania contribute some $938,597 in tax after their aggregated revenues hit $2.6 million off of a combined handle that reached slightly in excess ...

Foxwoods Resort Casino and Mohegan Sun report dip in July win

K Morrison

August 16, 2018

Latest Casino and Gambling News, Tribal Gaming, Casino News, Economy/Finance, Connecticut

Connecticut’s two tribal government casinos, Foxwoods Resort Casino and Mohegan Sun on Wednesday both reported decreases in slot machine revenue for July from the same time last year. According to The Day ne...

Nevada sports books set annual records

Adam Morgan

February 2, 2018

Latest Casino and Gambling News, Economy/Finance, Sports betting, Nevada

In advance of this weekend’s Super Bowl LII action, the Nevada Gaming Control Board has reportedly declared that the western state’s numerous sports books had an all-time win high of $248.7 million last year of...

Record-breaking September for Nevada sportsbooks

Adam Morgan

November 2, 2017

Latest Casino and Gambling News, Economy/Finance, Sports betting, Nevada

Sportsbooks in Nevada reportedly had a great September after their combined monthly handle hit an all-time high of just over $558 million while their aggregate income of $44.4 million represented the best tally...

All Maryland casinos seek to lower return to player percentage to 85%

Sadonna Price

June 15, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Maryland

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In an effort to move more money to the Maryland casinos, gaming operators of the state have requested a reduced payout to be required for slot machine gaming. If approved, tens of millions in cash would shift f...