In a stunning move of arrogance, a New York State Assemblyman is pushing a new bill to lock-in the 51% gambling tax rate. The bill would prohibit any licensees from ever requesting a change that tax, which is tied for the highest in the nation. It’s worth noting that while this bill would hamstring any […]
Tag: Sports Betting and Fantasy News
Florida Sports Betting Fight Escalates Again
The fight for Florida sports betting is an important one, as the has the potential to be the particular third largest market in America. So naturally, there are going to be a few punches thrown with so much potential profit at stake for years to come. Enter the contenders: The Florida Seminole Tribe vs. everyone […]
New York Mobile Sports Bets May Fall Short
Gaming experts from PlayNY. com say that Ny mobile sports bets will do well, but may not quite live up to the to $500 million in annual tax revenue expectations some have predicted by 2024. Former Gov. Andrew Cuomo’ s administration budgeted for proceeds from online gambling to reach $99 million in FY 2022, $357 million […]
New York Mobile Sports Betting Readies for Launch
As the NFL playoffs come upon us, expectations for the launch of New York mobile sports betting grow. After all, we were promised that the state would have the activity up and running in time for the Super Bowl, so time is of the essence! Now, prominent Nyc Senator Joe Addabbo says that mobile sports […]
Esports Event at Hard Rock Atlantic City in January
Esports Entertainment Group has announced at eSports event with skill-based wagering to be held in New Jersey next month. The event is in partnership with the Hard Rock Hotel & Casino Atlantic City. EEG and Hard Rock have teamed up to create a tournament on January 22 and 23, 2022 that will launch LANDuel and be […]
Competitive Video Gaming and Online Betting
The eSports gaming industry and competitive video gaming is being seen by many jurisdictions in the U. S. as another… and a new, revenue for their state’ s coffers. A recent article in Gambling News discussed the brand new incentive that has just recently came to pass in the state of New Jersey. It said […]
Another Record for New Jersey Sportsbooks
Both online and retail New Jersey sportsbooks picked up the pace on their record-setting year in November, becoming the first state ever to produce more than $100 million in revenue in a single month from $1.3 billion in bets! This third consecutive month of huge results by sports betting and online gaming pushed the state […]
Chicago Sports Betting to be Allowed at Stadiums
Good news for fans of Chicago sports betting! The City Council has at last voted to end their ban on sports bets! And that opens the door for sports book operators to set up shop at sports stadiums! The Sports Wagering Act of 2019 had provisions which would allow sports books to be located at […]
Seminole Sports Betting Pulled Down Amid Lawsuit
We’ve been following Seminole sports betting in Florida for several weeks. A Federal District Judge ruled their agreement to be ‘invalid’ as it violated the state constitution and the Indian Gaming Regulatory Act. However, the Tribe continued to accept online sports wagers. Initially, the Seminoles filed a “motion for stay pending appeal” with the Federal […]
How a 51% Tax Could Change Sports Betting
It’ s difficult to believe that the CEO of a major sports betting operator would say something to alienate his existing and potential customers. Yet, that’ s exactly what Jason Robins did while speaking on the Canaccord Genuity 2021 Digital Gaming Summit held virtually last week. His statements came amidst conversations concerning how operators could […]