US online casino revenue tops $400 million in April
U.S. online casino revenue eclipsed $400 million for the second consecutive month in April. The six-state tally of $414.4 million is the second-highest total in the history of the U.S. industry. On a per-day basis, April was the best month of all time, outpacing February 2022’s $13,789,813 daily average. March 2022 Rev April 2022 Rev […]
New Jersey study reveals sports betting’s impact on iCasino
Since 2014, Rutgers University has released an annual report on online gambling in New Jersey. The comprehensive analysis derives from “raw data files, collected by the Division of Gaming Enforcement (DGE) from all the operators” in New Jersey. Due to the nature of the study, the research is several years behind, but the unique insight […]
Analysis: How online gambling has changed Atlantic City
When New Jersey legalized online gambling in 2013, the modern-day version of the Millerites came out of the woodwork. The anti-online gambling crowd spent years with fingers in their ears shouting, “online gambling will destroy the Atlantic City casino industry and lead to a problem gambling epidemic,” to any outlet willing to listen. These doomsday warnings never […]
Sports betting tax rates: operators hope for the best
If there is one issue that is guaranteed to get online sports betting executives complaining it is taxes and if one was to survey the US industry for its biggest business gripe, New York’s 51% tax rate would very likely take top spot. In fairness, many non-US industry observers were also surprised when news of […]
Inflation worries: the impact of promotions on handle and GGR
Are state revenues and hold figures for US online sports betting inaccurate and over-inflated? How does promotional spend, freebets mainly, but also odds boosts and rebates, really impact operators’ bottom lines? Wagers dives into the numbers. The topic has been much debated on social media and among industry executives, but with DraftKings CFO Jason Park […]