The nuances of tribal gaming in the US
The unique position and individuality of tribes in the US gambling market“They’re part of the fabric of the state. They’re not a corporation that’s going to come set up early and go away. That’s their home. They’re going to be there forever and they’re very committed to it, because what they can do drives the […]
Barstool tops Caesars in latest Jefferies ranking
Summary: Barstool has topped Caesars for the No. 4 spot in Jefferies latest sportsbook analysis rankings, though both still trail the “Big Three” operators of FanDuel, DraftKings and BetMGM. Why it matters: Penn National’s Barstool Sportsbook has taken a vastly different approach to marketing than Caesars; Penn purchased Barstool as a brand and depends on […]
Minnesota lawmaker’s tweet underscores legal markets’ significance
Summary: Minnesota Rep. Pat Garafalo posted a Wednesday tweet with a map display showing the 93-mile drive to the nearest retail sportsbook. Garafalo, one of Minnesota’s biggest sports betting legalization advocates, wrote that he commutes to Iowa’s Diamond Jo Casino to bet on sports. Why it matters: Garafalo’s tweet displays the contrast in ease-of-access between […]
Illinois sportsbooks take $278m in March Madness bets
Summary: The NCAA Men’s Basketball championship generated $278.4 million in bets at Illinois sportsbooks, according to preliminary March revenue reports issued by the Illinois Gaming Board Tuesday. Why it matters: Just under $267 million of Illinois’ 2022 March Madness bets came from online sportsbooks, representing 96% of overall handle.The Men’s Basketball Championship produced $14.2 million […]
IGT, Aristocrat announce patent cross-licensing agreement
Summary: Two major gaming industry brands, IGT and Aristocrat, have entered a broad patent cross-licensing agreement, per a Wednesday press release. Why it matters: The agreement allows IGT to offer licenses to IGT and Aristocrat’s combined game feature and remote game server patent portfolios.The financial terms of the agreement were not disclosed.Source: IGT press releaseSubject […]