P2P betting offering Lucra achieves $10m Series A funding
Summary: The San Francisco-based sports gaming platform has announced a $10m funding round from a group of investors including Raptor Group, SeventySix Capital and Victress Capital. Why it matters: The investment in another P2P venture proves there is still investor enthusiasm for ideas looking to further exploit the current enthusiasm for sports betting.Beyond the headline […]
PointsBet Canada prepared to launch on April 4 in Ontario
PointsBet Canada on being ready to go on Day 1 in Ontario”PointsBet Canada has been publicly committed to an April 4 launch since becoming one of the very first iGaming operators regulated by the AGCO. We will be ready to roll from the jump.”- Patrick Eichner, Senior director, communications, PointsBet (Source Link)
New York unlikely to adjust online sports betting tax rate
@sam_mcquill: New Yorkers have bet $4.3 billion since mobile sports betting started in January, generating $153 million in taxes for the state.Those taxes would be halved starting in 2024, under a plan being weighed by Gov. Kathy Hochul ahead of tomorrow’s budget deadline.
New Jersey lawmaker ponders college wagering amendment
Summary: New Jersey Assemblyman Ralph Caputo is considering a push to amend the state law banning betting on in-state college teams. Caputo told NJ Online Gambling that St. Peter’s recent Elite 8 run in the NCAA Men’s Basketball Championship could inspire a change in current laws. Why it matters: Caputo was one of the lawmakers […]
Nevada online sports betting revenue drops in February
Summary: Both online and retail sports betting handle took a month-to-month dip in Nevada, mirroring a nationwide trend. Mobile sports betting apps generated $512.4 million in handle and $9.1 million in revenue for February. Why it matters: Online handle dropped 35% month-to-month, while online revenue dropped 40%.Mobile sports betting apps accounted for 65.6% of all […]