This Week in Gambling

Politics does make strange bedfellows. Although, it’s not such a stretch to see California sportsbooks uniting with cardrooms. After all, many sports bettors enjoy poker… and many a poker player has been known to make the occasional sports bet. But now, the stakes are high. What’s on the line is the future of  gambling in California. If you are just hearing about this, perhaps a crash course in what’s happening with sports betting in the state is in order. You can read about how the convoluted issue of sports betting began there. Or the recent coalition of mayors in the…

The vote for wagering on sports in California is approaching quickly. And sports betting opposition is on the rise from a coalition of mayors in the state. More specifically, they oppose what they seem to view as gambling expansion in the form of a sports betting proposition which would enable sports betting outside of tribal casinos. The coalition of mayors from various towns and cities in California came out in opposition of Proposition 27. That’s the ballot measure supported by commercial gaming interests that would allow sports wagering across the state on a mobile devices. In fact, the mayor of…

The vote on California Sports Betting is just weeks away, and fear is growing that both ballot propositions on the matter will fail. We speak to James Siva, Chairman of the California Nations Indian Gaming Association, about both California sports betting propositions on the ballot. Discussion includes the benefits and detriments of each on the Tribal Gaming business in the state. Mr. Siva is also of the Vice Chairman for the Morongo Band of Mission Indians in Cabazon, California. The vote on California sports betting is just weeks away, with two propositions competing to legalize sports betting in the state…

September was an amazing month for sports betting in New York, which was the first month of the NFL season. The kickoff of professional football translated to damn near a $1.3 billion handle for the state, which was almost 45% higher than August. This is the second straight month that sportsbooks there have shown a positive turn around. Prior to this, they had seen a four-month slide. All that betting translated to over $143 million for the state in gaming revenue, which was a record. The numbers blew right past the old record of just  over $124 million , which…

There are quite a few casinos and resorts planned for Las Vegas in the next few years. And now, you can add the All Net Resort name to that list. That project has found some new life via additional funding, as is now expected to open sometime in 2025. The new resort will be built on a 27 acre parcel that sits between the Sahara Las Vegas and the Fontainebleau, which is a new resort itself and should be open by next year. The All Net Resort, along with the Fontainebleau, could add some much needed life to the north…

It’s been an amazing run for US gambling revenue, with Nevada on a streak of billion dollar months. We just reported that New Jersey is showing increased profits from last year to this year. So it should be no surprise that the country as a whole is raking in record gaming profits. Numbers provided by the American Gaming Association and their Commercial Gaming Revenue Tracker show that, as a whole, US gambling generated $4.9 billion in the month of August. It was also the 18th consecutive month that gaming revenue in America showed growth from the year before. This despite…