DraftKings criticism of New York tax rate
@MazzNYC: DraftKings has in fact mentioned NY’s high tax rate, in case there was any concern this wouldn’t occur
The bull case for online casino legalization is bearish
Summary: No state is expected to legalize online casino gambling in 2022, with five new states launching over the next five years, per Eilers & Krejcik Gaming. Why it matters: Legislatures have been reluctant to explore online casino legalization despite online casino revenue outpacing online sports betting in states where the two verticals coexist.The current […]
Online sports betting legalization trends positive in North Carolina
Summary: According to a lobbyist and a key lawmaker, the North Carolina legislature has a good chance to legalize online sports betting when it reconvenes later this month. Why it matters: “I believe we have a very, very good chance of passing this bill,” said Ches McDowell, a lobbyist for potential stakeholders told SportsHandle. “I […]
Vixio GC: Ontario online gambling market to reach C$3.27B by 2026
Summary: According to Vixio GamblingCompliance, the Ontario online gambling market will generate C$1.6 billion this year and rise to C$3.27 billion in 2026. Why it matters: Vixio GC projects online casino will make up two-thirds of all online gambling revenue, with sports betting accounting for one-third.What operators will come out on top? 58% of respondents […]
Bally’s selected for Chicago casino license
Summary: Bally’s proposed Chicago casino has been selected for the city’s single casino license. Why it matters: The Chicago casino market is expected to be one of the best in the nation. Still, the project will come at an extremely high cost for Bally’s, with an upfront licensing fee of $40 million and $4 million […]