Two weeks and counting. That’s how long state legislators have to get a North Carolina online sports betting deal done. The session ends in just about 14 days, so now is the time to get a deal done. Lawmakers fully understand that the legalization of North Carolina online sports betting would bring a much needed boost to the economy via gaming revenue. But efforts to regulate the activity have been slow and painful. However, there is a glimmer of hope. And expectations are that the State House will end up passing a bill for sports bets before the session ends….

Well, Ohio sports betting will not be up and running in time for the start of this year’s NFL season. But take heart, because folks there will still be able to bet on next year’s Super Bowl. This according to the Ohio Casino Control Commission. The Commission’s Executive Director, Matthew Schuler, says that January 1, 2023, will be the day that Ohio sports betting will officially start. When it does, it will be the single largest simultaneous launch of a sports betting market in the United States. In the meantime, applications for licenses will be accepted from June 15th to…

While the company has been hemorrhaging cash for several years, Caesars sports betting is now expected to be generating a profit for the company by the fall of 2023. This according to their CEO, Tom Reeg . In a story reported on Yahoo! Finance, Caesars online gaming and sports betting lost over $550 million in just the first quarter of this year. But according to Reeg, the company has a plan. First up, they will cut their marketing spend, saving over $250 million. The second step in the recovery process is for Caesars to narrowly target their more “profitable customers”…

Gambling revenue in the United States is still setting records, despite the troubling economic clouds on the horizon. April of this year was the second best month ever recorded for American gaming, only trailing March of this year when the all-time revenue record was set.. Nearly $5 billion was generated in gambling revenue for April, which was a gain of well over 12% from the year before. Traditional casino gaming accounted for over $4 billion of that total, while online gambling chipped in over $415 million. Sports betting managed to contribute nearly $500 million, which was close to a 75%…

Our friends at SBC, while working with VIXIO Gambling Compliance, have uncovered some interesting findings about US sports betting. It seems that executives in the gambling industry, as well as regulators and even legal advisors, feel that the activity could be regulated in as many as 45 states by the year 2025. These numbers are derived from a survey conducted by the company prior to the SBC Summit North America in December 2021. They asked nearly 150 top executives involved with sports betting in America about their beliefs on the continued growth of the market. However, there were some serious…

The leader of DraftKings has a lot of optimism when it comes to California sports bets. Of course, his opinions may be somewhat skewed by the fact that his company has a rather large investment in that market. And of course, DraftKings could profit plenty if and/or when that market eventually opens up. CEO Jason Robins optimistically believes that California sports bets could be live as soon as next year. And why not? After all, DraftKings is pushing one of the ballot referendum which voters will consider this November. DraftKings is part of a larger coalition which was able to…