Legal gaming in Virginia is a multibillion-dollar industry. In recent years, the state expanded sports betting, casinos, and online gambling, which boosted the economy and reshaped the entertainment sector. However, multiple agencies oversee the industry. Thus, lawmakers are looking for ways to create a single gaming agency to govern the […]
Prophet Exchange in New Jersey is Closing
Two years ago, the New Jersey Division of Gaming Enforcement approved betting exchanges, Prophet Exchange and Sporttrade. Since then, betting exchanges have becoming part of the New Jersey betting landscape. However, this will soon be changing as Prophet Exchange in New Jersey is Closing at the end of the month. […]
What is the Average Sports Bet Size in a Sportsbook
Ever since the repeal of the PASPA Act in 2018, sports betting has been spreading like wildfire in the U.S. In fact, 76% of all state have legal sports betting and more states trying to legalize it every year. And why not? Sports Betting is a great past-time that millions […]
Sportsbooks In Tennessee Bring in Half a Billion in Handle for November
In the latest sports betting news, sportsbooks in Tennessee bring in over $500 million in total monthly sports betting handle in November. This is the first time that sportsbooks have reached past the half a billion mark since sports betting went live in the state back in November 2020. If […]
Netherlands Court Ordered Two Online Casinos to Refund Players
A Netherlands court ordered two online casinos to refund players with losses before the country legalized online gambling. The ruling came from a change in Dutch gambling laws implemented in October 2021. The amendment to the gambling laws allows players who lost substantial amounts of money before its implementation to […]
Sports Betting in Ohio Sees Jump in Both Handle and Revenue
The sports betting market in the US is turning around this August, with quite a number of sportsbooks reporting better monthly numbers. The Buckeye state is the latest to release their numbers for August, and their numbers reflect a nationwide trend in handle and revenue. Sports betting in Ohio saw […]
New Jersey Enjoys Record-Breaking Casino Tax Revenues
Last fiscal year, the casinos in Atlantic City chipped in a whopping $504 million in fees and taxes. The record-breaking casino tax revenues provided funds for various initiatives for vulnerable residents in the state. In 1976, the state legislature allocated some of the tax money from casino gambling to a […]
LA Rams Partners with Pechanga Resort Casino for New Predictor Game
The Los Angeles Rams will launch a new predictor game. Tally Technology Group will power the game with the Pechanga Resort Casino. The new game will allow players to test their ability and knowledge of the game. Players can submit their predictions five days before the game. Also, game predictions […]
Federal Court Questions Crown’s Claim of Financial Hardship
Federal Court Justice Michael Lee raised concerns about Crown’s claim of financial hardship. According to the casino operator, it cannot afford to pay the $301 million fine in a single payment. Also, the AUSTRAC levied a penalty against the casino for various violations of counter-terrorism and anti-money laundering laws. According […]
Sportsbooks Are Looking at iGaming to Boost Revenue
When you start using a pay per head sportsbook software, you will likely see that aside from sports betting, you can also offer casino and horse racing. By offering more gaming products, you are increasing potential revenue for your sportsbook. And this strategy proves to be effective, based on the […]