This Week in Gambling

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…

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…

There are confirmed plans for a new Las Vegas Station Casino. Currently, the company has six properties in and around Sin City. They recently received approval from the Clark County Commission for a new casino southwest of the Strip. Approval means construction could start early next year for the 200-room tower dubbed “Durango, a Station Casinos Resort” near the 215 Beltway, company officials said. Bob Finch, chief operating officer for Station parent company Red Rock Resorts, termed the project a next-generation attraction for local residents. He said it could open late next year. A cost estimate is expected in coming…

We return from the Global Gaming Expo in Las Vegas! Reporting from The Strip, gambling news includes the CEO of MGM Resorts, Bill Hornbuckle, announcing his belief that Las Vegas online casinos are “necessary” if the industry is to continue it’s growth in Nevada. There is also discussion of more record breaking gambling revenue in both Nevada and New Jersey! Hello friends J.Todd here on the Las Vegas Strip! I just wrapped up three and a half days at the Global Gaming Expo and my feet are killing me! But hey, I got the snazzy jacket on… that’s to distract…

It’s been a hell of a run for Las Vegas casinos lately! In fact, as we reported last week, they just took in over a billion dollars in gambling revenue for the sixth consecutive month! The longest ‘hot streak’ ever for Vegas gambling was seven months, so there is a real opportunity to not only match the current record, but extend it past seven months. The Nevada Gaming Control Board said that revenue for the state was over $1.16 billion for August, which represents more than a 22% increase from this time in 2019. Additionally, the Las Vegas casinos on…

Casinos in New Jersey have reason to celebrate, as Atlantic City gambling revenue seems to have bounced back from the pandemic slump. The numbers from August are in and show a 31% growth from 2020, with nearly $430 million taken in. The New Jersey Division of Gaming Enforcement reports that while land based casinos generated over $262 million, online gambling was able to add another $113 million to the bottom line. Sports betting accounted for the remaining $52 million. The growth of sports betting is expected to continue across the country, not just in New Jersey. That growth will be…