When it comes to sports betting in the US, online platforms outperform retail sportsbooks. However, the opposite is happening in the District of Columbia. The retail sportsbook crushed the DC Lottery betting app in August. According to sports betting solutions reports, DC Lottery’s GamBetDC mobile app earned a tax revenue of around $263,000 in August. […]
Indiana sports betting industry reached its first year last September 1. However, it was not a happy moment for the industry as sportsbooks are still recovering from the pandemic. During its first year, sports wagering in the state earned $1.2 billion that generated $9 million in taxes for the state. The temporary shutdown of professional […]
The Chicago Cubs is planning for a Wrigley Field sportsbook. It will be a retail sportsbook that comes with betting windows and kiosks. The team signed a partnership deal with DraftKings to operate a sportsbook within the park or in the Wrigleyville. Chicago Cubs are the first Major League team to announce the opening of […]
People across the globe are trying to adapt to the new normal. Every day lives are changing to prevent the spread of the virus. Thus, the sports betting industry is changing bookie model to keep up with the times. Sports organizations implement several health and safety protocols to ensure players and staff are safe from […]
FanDuel is preparing for an Illinois bookie launch. The state is one of the most promising sports wagering markets in the US. It partnered with Boyd Gaming, which operates the Par-A-Dice Casino. FanDuel should act right away. Governor JB Pritzker reinstated the order to allow remote registration. That means players don’t need to go to […]
ZenSports signs deal with Strategic Gaming Management. It is its first step in getting a license to operate in the US. Also, it recently launched its peer-to-peer sports wagering product that caters to the international market. Through the partnership, ZenSports has the option to purchase a casino in Nevada. Also, it could become the operator […]
The Illinois Gaming Board gave Hawthorne Race Course a casino license. Also, it will have a sportsbook in partnership with PointsBet. Hawthorne is the oldest gambling business in the state. Also, it is the state’s oldest sports facility. With the license, Hawthorne will become a casino with sports betting, table games, and slot machines. The […]
Investment house Draper Goren Holm announced its investment into ETH bookie exchange Degens. The latter is a peer-to-peer sports betting exchange started in 2017 and powered by Ethereum and DAI blockchains. The betting exchange promised cheap and fast sports betting. However, everything changed due to Ethereum’s scaling problems. As a result, the platform failed to […]
Five New York bookie businesses got multi-million federal loans that were meant to help small businesses during the pandemic. Thus, critics are complaining about the decision. The Western Regional OTB, Nassau County OTB, and Suffolk County OTB got $2.5 million each from the federal Small Business Administration. Also, the Capital District Regional OTB got $1.2 […]
According to Moody’s, there will be a long-rebound period for the Asia-Pacific gambling industry after the coronavirus pandemic. The credit rating company expects earnings in Singapore, Macau, and other parts of the region to remain depressed. Macau casinos are still closed, and their revenue dropped by 90 percent for three straight months. Also, China doesn’t […]
