‘I Should Have Won By Now!’ – The Mathematics of Losing Streaks
A roulette player is down to his last few chips. He’s missed his lucky number at least 36 times in a row. Surely Lady Luck owes him one by now. All those chips go on 17. Yet the ball lands on 35, for the third time in the last ten spins. Now broke, the player […]
Fertitta’s Vegas Strip Aspirations Now Include a Stake in Wynn Resorts
One could be forgiven for thinking that the age of the celebrity casino impresario in Las Vegas has passed. The industry has recently lost two such figures, thanks to Steve Wynn’s fall from grace and Sheldon Adelson’s passing. However, it looks like Tilman Fertitta intends to take center stage on the Vegas Strip and the resort-casino […]
North Dakota Tribes Can Offer Online Gambling – But Only On Their Land
Unsurprisingly, North Dakota will not attempt to offer online sports betting and casinos statewide through a tribal compact. That was what the tribes in the state had proposed. However, there were several good reasons to doubt Governor Doug Burgum would agree. For one thing, it’s a conservative state, and last year’s online poker bill received a very […]
Simultaneous Efforts to Regulate Esports Gambling in Nevada and New Jersey
Last month, eight members of Nevada’s eSports Technical Advisory Committee unanimously approved its draft regulations for eSports wagering. The recommended regulations will now go before the Nevada Gaming Control Board (NGCB) and the Nevada Gaming Commission (NGC) for their approval. If both regulatory bodies likewise vote in favor of the proposal, it would amend the […]
$1.5 Billion Powerball Jackpot Sends Searches Soaring 3,500%
In 45 states, eyeballs are on the Powerball jackpot today. It’s $1.5 billion now and will only continue to rise as more Americans buy the $2 ticket to Saturday’s drawing. Because of the attention on the likely record-breaking prize, a page on Bonus that helps Powerball ticket buyers pick numbers saw a nearly 3,500% increase […]
Illinois Reopens Bidding for Online-Only Sports Betting Licenses, But Who Wants One?
Anyone who wants to offer online sports betting in Illinois without a land-based presence can once again apply for a license. All it will cost is $20 million up front. However, the reason that’s possible is that the state got no takers the first time around. At least, none who saw the process through. The state’s Sports Wagering […]
Cashless Casinos Gain Analyst Approval With J.P. Morgan’s Aristocrat Note
In gambling industry circles, cashless casinos are “of course” propositions. Yes, they’ll happen. Naturally, gamblers want them. Of course, the technology will work. Yet, Wall Street remained largely silent on the topic until now. That changed on Oct. 24, when Sydney-based J.P. Morgan analysts released an analyst note lauding Australia’s Aristocrat Leisure for its cashless […]
Enteractive to Provide Player Retention Services for Pennsylvania Online Gambling Operators
Gaming operators in Pennsylvania now have another way to retain bettors. Malta-based company Enteractive Ltd. has been awarded a service license in the state. Pennsylvania online casinos and sportsbooks launched in 2019. Three years later, the Keystone State continues to add new retail casinos, iGaming services, sports wagering operators, and video gaming terminals. The expansion […]
Reports Suggest CFTC Likely to Deny Prediction Contracts on Political Outcomes
The Commodity Futures Trading Commission (CFTC) has not yet officially ruled on whether it will allow Kalshi to offer political contracts. However, there are multiple reports circulating that the agency’s staff has recommended against it. Kalshi is what’s known colloquially as a predictions market, meaning users trade shares whose value is tied to real-world events. Staffers have […]
The Failed California Sports Betting Effort Cost More Than Just Dollars
“You’ve gotta spend money to make money.” Or so the saying goes. That’s certainly been the mantra of the groups angling to bring legalized sports betting to California. However, it’s now looking like all the money they’ve spent will be for naught. And that has to leave a bad taste in some mouths, given the […]
