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US Online Casinos Have Taken Over $400 Billion in Wagers, Double the Handle of Sportsbooks

May 11, 2023 | By: Alex Weldon

Five years ago, the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), which had made sports betting illegal in all states but Nevada. Since then, legal sports betting has swept the nation, accompanied by a seemingly smaller boom for online casinos. In celebrating the end of PASPA, the American Gaming Association (AGA)points out that legal sportsbooks […]

‘Zero Days to Expiration’ Options: Investment or Gambling?

May 11, 2023 | By: Alex Weldon

Researchers at the Univerity of Münster have found that a hot trend in short-term investments is causing traders to lose more money than they earn. Zero-days-to-expiration options (0DTEs) have become increasingly popular with retail investors. However, the study’s findings – released March 30, 2023 – raise the question of whether trading these products bears more resemblance […]

Rhode Island Online Casino Bill on Hold After Committee Hearing

May 10, 2023 | By: Heather Fletcher

The Rhode Island online casino bill, SB948, is on hold. During a hearing on May 10 in the Senate Special Legislation and Veterans Affairs Committee, members voted to wait and get questions about it answered before moving forward. State Sen. Elaine J. Morgan, the committee’s sole Republican, said she believed adding legal online casino gambling changes the […]

Illinois Sweepstakes Machines May Remain Unregulated Amid National Quagmire of Gray Machines

Illinois sweepstakes machines seem to be gray gaming devices by another name. The machines are often found in gas stations like slot-style skill game machines are in other states. Similarly, members of the Illinois General Assembly are attempting to outlaw the currently gray gaming machines, as other states have done. However, SB1504 may not meet […]

Bally’s Two Steps Closer to Realizing Its Chicago Casino Project

May 10, 2023 | By: Chav Vasilev

Bally’s upcoming Chicago casino resort is a major project, but the company has taken two significant steps forward. It has begun hiring for roughly 700 positions at its temporary location, which it expects to open in July. Meanwhile, Bally’s has reached a deal with the Chicago Tribune to vacate the printing facility currently occupying the […]

The Bizarre Phenomenon of Las Vegas Pop-Up Casinos

May 9, 2023 | By: Chav Vasilev

What’s the smallest casino in Las Vegas? That depends on when you ask. The state’s laws give rise to truly tiny casinos from time to time, but if you blink, you might miss them. So-called pop-up casinos provide a way for holders of unused licenses to keep them from expiring. Clark County’s retail gambling regulations stipulate that […]

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