This Week in Gambling

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…

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Today is the big day for Louisiana mobile sports betting, as six big-time operators officially go live in the state! the activity was originally legalized way back in November of 2020, but delays related to tax laws and the pandemic pushed the launch date back until now. Residents of Louisiana will be able to chose from popular providers, such as BetMGM, Caesars, DraftKings and FanDuel. Also available are the Barstool Sports and BetRivers apps. For what it’s worth, Caesars is an official sports betting partner of the New Orleans Saints, New Orleans Pelicans and Louisiana State University. Plus, they operate…

There are only two states where gambling is prohibited: Hawaii and Utah. But that number could be dropping if one politician gets his way and can bring Hawaii sports betting to the islands. And that’s where Representative John Mizuno comes in. He introduced HB 1815 last week to do just that. But in addition to allowing residents to bet on sports, the legislation says that “There shall be levied, assessed, and collected a tax of fifty-five percent on all winnings paid out to any person by a sports wagering provider. The tax revenues shall be deposited into the sports wagering…