Business & Financial

Is the Tax Rate in New York Finally Catching Up with Operators?

Is the Tax Rate in New York Finally Catching Up with Operators?

Online gambling is developing at lightning speed with hundreds of new operators, online casinos, betting sites, and even a greater number of users. It has developed so much it has become one of the most profitable industries, and as a result, the net worth of iGaming in the sector has exploded. It had a revenue of $57.54 billion in 2021, while it's expected to reach $153.6 billion by 2030.   

Submitted by Payton on, Jul/20/2022

Extinct: Covers Scrubs its Expert Picks Section

Extinct: Covers Scrubs its Expert Picks Section

Plus Knup Solutions completes acquisition of Coded Content.

Submitted by Jagajeet Chiba on, Jul/20/2022

These Are Among Most Popular Online Casino Games in the US

Most Popular Online Casino Games in the US

Gambling is a popular activity in the United States, especially in states like Nevada. Both games of skill and games of chance are a popular pastime and form of entertainment in homes across the US.  

Submitted by Payton on, Jul/20/2022

UK Won't Ban Video Game Loot Boxes

UK Won't Ban Video Game Loot Boxes

Also: Premier League clubs are reportedly set to agree on a voluntary betting shirt sponsor ban.

Submitted by Alistair Prescott on, Jul/19/2022

Are Any of the Poker Training Sites Worth It? Plus Brunson Still Bluffing at 88

Plus Thomas Somach has his "Play of the Century" for Tuesday night's MLB All Star Game (2022) and we look at a story of successful angling that "involves no modeling, no steam-chasing, no inside info".

Submitted by Nagesh Rath on, Jul/19/2022

The Anti-Crypto Letter to US Congress and What it Means

The Anti-Crypto Letter to US Congress and What it Means

Patrick Thompson of CoinGeek reported Monday that 26 computer scientists, software engineers, and technologists wrote a letter to the U.S. Congress and congressional committees urging them to “take a critical, skeptical approach toward industry claims that crypto-assets are an innovative technology that is unreservedly good.”

Submitted by Aaron Goldstein on, Jul/18/2022

Chalkline CEO: Turning a Profit Has Taken Back Seat to Customer Acquisition in Legal Sports Betting Market

Chalkline CEO: Turning a Profit Has Taken Back Seat to Customer Acquisition in Legal Sports Betting Market

Another takeaway from this past week's SBC Summit: By leveraging (Business Intelligence) BI to identify the highest quality acquisition channels, these efforts can be scaled. Increasing the volume at the top of the conversion funnel will result in more quality conversions at the bottom.

Submitted by Gilbert Horowitz on, Jul/18/2022

What Happened to the Covers.com Sports Handicappers, Picks Experts?

What Happened to the Covers.com Sports Handicappers, Picks Experts?

As of Monday July 18, the picks section (along with ways to send money) remained on the site. Larry Ness, Marc Lawrence and Lee Sterling were among those handicappers still listed.

Submitted by Aaron Goldstein on, Jul/18/2022

Covers Buys SportsBookReview, Shuts Down Picks Dept: Howe No! FanDuel CEO Stirs Things Up in Epic Fashion

Covers Buys SportsBookReview?

It was utter bedlam following a Q&A at this past week's SBC North America Sports Betting Summit as sports bettors took issue with FanDuel CEO Amy Howe's wild claim that 25% of gamblers betting offshore get stiffed.  Our Twitter feed exploded.

But not everyone was on the same page.

SandyBestDog tweeted:

Submitted by Jagajeet Chiba on, Jul/18/2022

What it Takes to Move Lines in Sports Betting

What it Takes to Move Lines in Sports Betting

Professional sports bettor Rob Pizzola sat down with Chris Bennett to discuss managing risk for Circa Sports, perhaps the sharpest linesmakers in the regulated U.S. sports betting market today.

Submitted by Gilbert Horowitz on, Jul/18/2022

Discover the Hottest Innovations in the 'Casino and iGaming Zone' at SBC Summit Barcelona

Discover the Hottest Innovations in the 'Casino and iGaming Zone' at SBC Summit Barcelona

With this year's extremely successful SBC North America Sports Betting Summit in the books, it's time to start preparing for their banner event, SBC Summit Barcelona.

Submitted by Gilbert Horowitz on, Jul/18/2022

MGM Resorts and BetMGM ‘Thrilled’ to Extend Partnership With MLB, But for How Long?

BetMGM announced this week an extension to their existing partnership with Major League Baseball, but the party may not last much longer with calls to crack down on out-of-control advertising and European countries looking to end team and league sports betting sponsorship deals. 

Submitted by Gilbert Horowitz on, Jul/18/2022

Michigan Draws In Massive Tax Revenue from Online Gaming and Sports Betting

Internet gaming, such as Online casinos in Michigan, accounts for $87.2 million of that total sum, with the largest chunk coming from retail tables and slots.

Submitted by Payton on, Jul/18/2022

Discover How LTC Sports Betting Sites Work In 2022

Discover How LTC Sports Betting Sites Work In 2022

The world of sports betting has experienced some profound changes in recent years. With the world advancing towards a more technology-based direction, many sports betting sites seek a better transaction system.

Submitted by Payton on, Jul/16/2022

FanDuel CEO Says No Intention of Partnering With Universities

FanDuel CEO Says No Intention of Partnering With Universities

"I don’t want the FanDuel name showing up on a jersey or plastered all over a college stadium,” Howe said. “So, we’re going to tread much more carefully because you’re targeting an audience that is, by definition, a lot of those consumers are underage.”

Submitted by Gilbert Horowitz on, Jul/15/2022

5 Reasons Why Bitcoin is the Future of Online Betting

5 Reasons Why Bitcoin is the Future of Online Betting

Bitcoin remains the world’s most popular and adopted cryptocurrency. BTC uses will continue to rise, which is why we feel it’s safe to say that Bitcoin is the future of online betting.

Submitted by B.E.Delmer on, Jul/15/2022

Professional Sports Bettor Says Offshore Sportsbooks Not as Crooked as Claimed

Professional Sports Bettor Says Offshore Sportsbooks Not as Crooked as Claimed

Gadoon “Spanky” Kryollos speaks out on false claim made by FanDuel CEO during SBC North America Summit

Submitted by Thomas Somach on, Jul/14/2022

Espanyol's RCDE Stadium to Host Battle of the Titans — SBC Football Championship 2022

Espanyol's RCDE Stadium to Host Battle of the Titans — SBC Football Championship 2022

Twenty football teams within the betting and gaming industry will hit the pitch graced by the likes of Messi, Ronaldo and Neymar to compete at the fifth SBC Football Championship, as SBC, once again, brings the industry together to battle it out in a 'friendly' football match. 

Submitted by Press Release on, Jul/14/2022

Mattress Mack: "Open Up Those Windows" and Start Welcoming Winners, "Best Form of Advertising"

Mattress Mack: "Open Up Those Windows" and Start Welcoming Winners, "Best Form of Advertising"

Beloved furniture mogul and pro gambler Jim “Mattress Mack” McIngvale has to reassure his wife he does not have a gambling addiction.

Submitted by Alejandro Botticelli on, Jul/13/2022

FanDuel CEO: 25% of Offshore Sports Bettors Don't Get Paid?

FanDuel CEO: 25% of Offshore Sports Bettors Don't Get Paid?

Speaking to CNBC's Contessa Brewer as part of Wednesday afternoon's highly anticipated - and packed - discussion on the state of sports betting in the USA, Amy Howe, CEO of FanDuel, was asked why companies like Bovada make it so tough to compete with the legal regulated market. 

Submitted by C Costigan on, Jul/13/2022

Internet Gaming Helped to Protect New Jersey Industry Earlier Than SCOTUS Decision

David L Rebuck, Director of the NJ Department of Gaming Enforcement (NJDGE), Said Tuesday at this week's SBC Summit North America in the Meadowlands that he has long embraced online gambling since the activity legalized in the Garden State back in 2013.

Submitted by C Costigan on, Jul/13/2022

Macao Streets Empty After Casinos Shut to Fight Outbreak

Macao Streets Empty After Casinos Shut to Fight Outbreak

For the first time since the start of the global pandemic in early 2020, Macau casinos have been shut down again.

Submitted by Aaron Goldstein on, Jul/13/2022

SBC Summit North America Talks Addiction, Regulation and Moderation

“There are three issues that this industry needs to put their big boy and big girl pants on and understand can prevent us from having a sustainable industry,” said panelist Bill Pascrell III of Princeton Pubic Affairs Group.

Submitted by Gilbert Horowitz on, Jul/12/2022

Peter Wuille Resigns as BTC Core Code Maintainer as Investors Predict Bitcoin Dropping Below $10K

Retail investors are likely more apprehensive about cryptocurrencies whereas professional investors tended to be more open-minded.

Submitted by Aaron Goldstein on, Jul/12/2022

Caesars to Open Sportsbook in New Orleans French Quarter

Caesars to Open Sportsbook in New Orleans French Quarter

A new World Series of Poker Room will also be unveiled.  It will be the largest in Louisiana, featuring 5,000-square-foot of space that is set to include 20 poker tables.

Submitted by Aaron Goldstein on, Jul/12/2022

Some Premier League Club Owners Back Gambling Ban

Some Premier League Club Owners Back Gambling Ban

The Premier League wants clubs to support phasing out shirt sponsorship by gambling companies to avoid a ban imposed by government, and Brighton owner Tony Bloom has jumped on the bandwagon. 

Submitted by C Costigan on, Jul/11/2022

Where Can I Bet On Major League Baseball Games on My Mobile Device From Massachusetts?

There are a number of ways in which to bet on MLB games, including the Red Sox, via your mobile phone and laptop from Massachusetts.

Submitted by Dan Shapiro on, Jul/11/2022

Can I Really Run My Own Online Sportsbook?

Ever since the U.S. Supreme Court ruled to abolish sports betting prohibition and open the states to begin regulating, the amount of people looking to start their own online sportsbooks has exploded.  And it is easier than 1-2-3, but you still must follow certain rules per the Gambling911.com Code of Compliance. 

Submitted by Aaron Goldstein on, Jul/11/2022

Where Can I Bet On Major League Baseball Games on My Mobile Device From New York State?

There are a number of ways in which to bet on MLB games, including the Yankees and Mets, via your mobile phone and laptop from New York.

Submitted by C Costigan on, Jul/11/2022

Breaking News

Odds for Elon Musk's America Party

Elon Musk said he is going to form his own political party, and President Donald Trump responded by calling his former confidant a train wreck.