This Week in Gambling

Yes, you read that headline correctly. NFL gambling sponsorships have helped to push to league to a massive $1.8 billion in additional revenue last year. Which is a good thing, because we all know how they were hurting for cash. While a big chunk of that money comes from Microsoft. They are forking out about $100 million a year to compete with Apple and love to promote their products via the League. Just watch the sidelines during any game and you will probably sport a Microsoft Surface Pro 4 tablet in the hands of coaches and players. However, the big…

BetMGM and FanDuel announced the openings of stadium sportsbooks in separate releases. BetMGM has teamed with the Washington Nationals, while FanDuel will work with the stadium where the Chicago Bulls and Blackhawks play. Plans for the BetMGM sportsbook should have it live before the start of baseball season. Fans of Major League Baseball’s Washington Nationals will have access to a sportsbooks at Nationals Park, which will provide innovative entertainment to watch the games and place a few wagers. There will be features such as 40″ big-screen TVs, live odds boards that update as the action progresses, and a full-service beverage…

Despite the pandemic and travel restrictions, Nevada casinos managed to set an all-time high for revenue in 2021. Gambling in the state topped $13.4 billion, as reported by the Gaming Control Board. December was the 10th consecutive month that Nevada managed to bring on over $1 billion, and that’s a separate record all by itself. The Control Board reported showed an increase in generated revenue of nearly 70%, which translated to a win of $1.15 billion. Senior research analyst Michael Lawton of the Nevada Gaming Control Board stated that “The reasons for the record level of gaming win recorded this…

AIBC Dubai will take place on the 20th to 23rd of March at the Festival Arena by InterContinental Hotel Dubai Festival City. AIBC Asia announced this first event for 2022, and early bird tickets for the event offering advantageously priced packages are available to purchase until the 7th of February. Dubai’s future-looking economic vision has undoubtedly pushed the emirate to the forefront of the business world, with business-friendly regulation schemes, government support, and attractive taxation benefits. With the UAE ahead of the curve when it comes to frontier industries such as AI and Blockchain, the event offers unparalleled opportunities for…

This week’s gambling news finds amazing records for mobile sports betting in New York, even with an insane tax rate. Not to be outdone, Hawaii is now considering sports betting with an even higher tax rate! And in case you missed it, more sports betting has launched in Louisiana! Welcome my friends to another edition of This Week in Gambling, where we have sports betting news from Louisiana and Hawaii, of all places! But we begin with a record-breaking update for mobile sports betting in New York! This week’s big story started a little over three weeks ago when mobile…

It’s only been a few weeks since New York mobile sportsbooks launched, and as one of the largest potential gambling markets in America, there’s lots of money to be made… and that’s exactly what state politicians were hoping for. Now, in just a few weeks of operation, the New York market is living up to expectations by bringing in just over $1.1 billion in sports betting revenue. These numbers mean that the operators generated over $91 million in profits in just over three weeks of operation. And at a tax rate of 51%, New York took in nearly $47 million. For…