New York OSB posts lowest single-week betting handle
Summary: The New York online sports betting market took $261.1 million in bets for the week ending May 22, according to the NYS Gaming Commission. That figure marks the lowest single-week total for a full week since online sports betting launched in the Empire State on Jan. 8. Why it matters: The downswing in betting […]
Problem gambling risk top factor in reluctance to legalize iGaming
Summary: Perceived risks of problem gambling topped all answers when a VIXIO survey asked for the main reasons that U.S. states are hesitant to legalize online casinos. The 2022 VIXIO U.S. Sports Betting Survey polled 145 gaming industry executives, and 25.5% of respondents listed problem gambling risk as the No. 1 reason that U.S. states […]
WSOP online events run amid massive live tournament slate
Summary: While poker players gear up for a deluge of live events in Las Vegas, the World Series of Poker remains the top attraction on the calendar. The 2022 WSOP kicks off May 31, with a schedule that includes both live and online tournaments. Why it matters: Michigan players get in on the WSOP for […]
Capitol Weekly on California sports betting measures
@Capitol_Weekly: #CAVOTES @OPReport on Sportsbook measure revenue: “We expect a market… worth about $3 Billion per year, so about $300 M in tax revenue”Brandon Castillo: “Using Chris’ numbers, 90% of the money leaves CA…” says with Indian Gaming, the money stays in the state
VIXIO: Four states projected for $1bn sports betting GGR by 2026
Summary: New York, New Jersey, Illinois, and Pennsylvania could all clear $1 billion in annual sports betting revenue by 2026, according to VIXIO. VIXIO projected those states as the top four U.S. markets in its 2022 U.S. Sports Betting Regulatory Survey. Why it matters: The VIXIO study predicts New York as the nation’s largest sports […]