Analysis: New York’s sports betting success sets a dangerous precedent
Since the January debut of mobile sports betting, New York has posted some impressive handle and revenue numbers. New York is one of the newest mobile betting states in the country and already making its mark as one of the top-performing states in the nation. And not just because of its population. New York is […]
Record first quarter for US sports betting and online gambling
The American Gaming Association’s latest revenue tracker of the first quarter of 2022 showed that online sportsbook and gaming operators experienced record revenues. Sports betting and online casino set “all-time quarterly records on the back of healthy growth in existing markets and new state launches, with New York being the most notable,” said the AGA. […]
Analyst round up: DraftKings Q4s
DraftKings’ fourth quarter results had many investors spooked and its share price target was downgraded from around $40 to $19-$25. The group’s long-term story of growth through scale is taking longer than expected, but most industry analysts remain cautiously optimistic that it will get there. Wagers.com rounds up the key post-Q4 insights and comments. Edward […]
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 […]
New York moves show sector in flux
The launch of PointsBet’s New York offering this week, hot on the heels of BetMGM, means we now have six of the nine possible operators live in the Empire State with the seventh, WynnBet, set to go live before the Super Bowl. But going by the comments from Bally chairman Soo Kim last month, the chances […]