Pennsylvania Sports Betting Saves the Day

Despite land-based casinos making nearly $8 million less than they did in July, Pennsylvania sports betting was able to bring in $580 million in August, which was the second highest total ever. Even though casinos in the state were down from the previous month, generating just over $415 million, it was still a 46% increase from the same time last year. Betting on sports managed to make August revenues nice, with over a 66% increase from July. Sports betting volume, both online and at sports books, turned out to be the second highest ever. The good numbers are undoubtedly a…

New York Mobile Sports Betting

New York Mobile Sports Betting Tax Now at 64%

If you thought that the proposed 50% tax rate for New York mobile sports betting was too high, then brace yourselves. The State Gaming Commission has just confirmed that the new and improved tax rate will be no less than 64%… the highest in the nation. The operators who applied for licenses to provide mobile sports bets in the state have been informed of this change, and the Commission has given them until this coming Monday, October 25th, to amend their bid proposals if they did not include a tax rate of at least 64%. Well, that’s pretty nice of…

Sports Betting in New Jersey Tops $1 Billion

For the first time ever, a state has taken in over $1 billion in sports wagers! The success of sports betting in New Jersey has translated to record breaking revenue, and over $7 billion handle so far in 2021. To be precise, it was the Atlantic City casinos and racetracks that raked in $1.01 billion together in September. And it’s a new monthly record not just for New Jersey, but for all the states in America. Casey Clark, Senior VP at the American Gaming Association, said that “New Jersey has always been a strong gaming market. Crossing the $1 billion…

New York Mobile Sports Betting Still Waiting

Ah, how fondly we remember when New York mobile sports betting was passed way back in April. And then, the delays started to mount. Now, as we near the end of the year, the application process drags on. One has to wonder if the delay could have anything to do with the monstrous 50% tax rate the state plans to implement. However, the State Gaming Commission maintains that they will narrow the list of applicants to a few finalists before mid-December… so that can’t be it. Still, the Commission did publish their “request for applications” for mobile wagering providers back…

Florida Sports Betting (Sort of) Launches

The long awaited launch of Florida sports betting is upon us, but there is no need for celebration. As the state is mired in lawsuits challenging its agreement with the Seminoles, claiming it violates federal law by authorizing sports wagering not on Tribal lands. Officially, the state has authorized the legal wagering on sporting events to start today, October 15th. However, no casino in the state is accepting bets, and they haven’t announced if or when they will do so. Florida sports wagering legislation was originally passed in May of this year. Local media reports that there may be some…

NHL and DraftKings form Sports Betting & Fantasy Partnership

A new partnership for sports betting, fantasy sports and online gambling has been forges between the NHL and DraftKings. As part of the agreement, DraftKings will be the official sports betting, fantasy sports, and online gambling partner of the hockey league. This deal will give DraftKings the ability to use the NHL logo for promotions during hockey season, as well as the playoffs and finals. Additionally, there will be opportunities for DraftKings to work with the leagues digital media platform. The Chairman of DraftKings stated they “…look forward to collaborating with the NHL… to provide hockey fans with what’s next…