by Daniel Borjas | Nov 22, 2019 3:15 pm | Revenue
Key investors and sports betting companies met for a sports betting summit. Nearly all in attendance agreed that sports betting is a growing market in the US. Investors and companies predict that 36 states will legalize sports betting by 2025. NEW YORK – At the NYC...
by Hasan Nabulsi | Nov 18, 2019 4:58 pm | Regulatory
Spectrum Gaming Group will study the implications of opening new casinos around New York City as well as expanding current sports wagering operations. A draft of Spectrum Gaming Group’s report will be due to the New York Gaming Commission by April 1. The expansion of...
by Hasan Nabulsi | Nov 10, 2019 10:07 am | Sports Betting
Seneca Gaming Corporation will open NY sportsbooks inside of three of their casino properties. Kambi has previous experience powering sports betting kiosks in other U.S. states, including Parx Casino in Pennsylvania. The deal will also include Bragg Gaming Group,...
by Michael Molter | Nov 4, 2019 4:08 pm | Sports Betting
After a launch month, states usually see their licensed sportsbooks’ hold percentage anywhere from 10-40%. French Lick Casino is reported to have held only 5.1% of all money risked due to successful Colts’ bettors. Winning five of their last six, the Colts may...
by Michael Molter | Nov 4, 2019 1:04 pm | Revenue
Every state with legal sports betting taxes their sportsbooks’ revenue at a percentage ranging from 6.75% – 51%. While the majority of states only send tax contributions to their statehouse, others give to the cities or counties that host the books. Sports...
