Catawba Tribe Moves Forward on $300 Million North Carolina Casino Project
If all goes according to plan, a new $300 million casino will open its doors in North Carolina next summer. The Catawba Nation broke ground on the property last month, located in the southern part of the state near Kings Mountain. If the doors open as planned in 2021, gamers won’t see the finished product. […]
US’ Online Sportsbook Revenue Reports for June Contain Mostly Good News
Most major domestic sports leagues remained shut down throughout June, but legal online sportsbooks in the US still found a way to thrive. Driven by sports like table tennis, international soccer, and golf, many states with legal online sports betting realized month-over-month revenue gains. New Jersey’s online sportsbooks took in more than $12.7 million in […]
US Online Casino and Poker States Report Mixed Revenue Numbers for June
Legal online casino platforms saw continued traction from US players in June. New Jersey monthly revenue nearly matched the record-setting numbers reported from the Garden State in May, as the state’s retail casinos stayed closed for the entire month. Online casino platforms in Pennsylvania and Delaware continued to enjoy success as well, even with land-based […]
PGA Tour Inks Sports Betting Partnership With DraftKings
Golf’s unique nature allowed it to resume months before other professional sports. Now, the PGA Tour is catching up with the rest of the field by striking an exclusive sports betting partnership with DraftKings Inc. The deal is an extension of the current multi-year content and marketing relationship, and designates DraftKings Inc. as the “official […]
From Rush Street to Wall Street: Online Gaming Giant Going Public
The sports betting industry continues to grab Wall Street’s attention. Rush Street Interactive LP announced on Monday it’s going public via a merger with dMy Technology Group, Inc., a move that will value the new company at about $1.8 billion. Both companies’ boards have approved the transaction and it is expected to close later this […]
Massachusetts Moves Forward With Sports Betting Built Into Economic Development Legislation
Massachusetts is expected to move forward with sports betting legalization. The state’s House of Representatives aims to expedite sports betting legislation in Massachusetts by including it in bill H.4854, an economic development package. The $372 million bill would fund a number of assistance programs in Massachusetts, including job training and child care services alongside grants […]
DraftKings Deal Helps Along Expansion of Casino Queen in Illinois
A new partnership will help one Illinois casino expand its reach. On July 23, Casino Queen announced the company will rebrand as part of a deal with DraftKings. In many ways, the deal mirrors one signed earlier this year between Penn National and Barstool Sports, with one key exception. Officials from both Casino Queen and […]
American Gaming Association CEO: Integrity of College Sports Must be Maintained
Most pro sports leagues in the U.S. are returning to action this month, albeit in altered, truncated form, but it remains unclear when college sports will make their return in the wake of the coronavirus. This much is certain, though: Some very powerful people are working on both sides in what amounts to a tug-of-war […]
Research Shows Consumers are Abandoning Illegal Sportsbooks for Legal Sports Betting
A new study by the American Gaming Association (AGA) indicates that sports betting customers are shifting from illegal and offshore options to legal markets. According to the study, which the AGA summarized in a press release, spending with illegal bookies fell 25% last year in states that offer legal sports betting. In those same states, […]
DraftKings and FanDuel Granted Illinois Sportsbook Operating Permits
Two of the biggest names in online sports betting received temporary operating permits from the Illinois Gaming Board on Friday, July 17. DraftKings Sportsbook and FanDuel Sportsbook are both listed as recent licensees on the board’s website. Last month, Illinois Gov. J.B. Pritzker issued an executive order suspending the requirement that sports bettors in the […]
