This Week in Gambling

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…

Many people have wondered why there are no Las Vegas online casinos. Now, MGM online gambling could become a real thing, if there CEO has things his way. Bill Hornbuckle, the big man at MGM Resorts, put things quite plainly in a recent interview. While speaking on a panel at Indyfest 2021, Hornbuckle said that Nevada casinos are “missing a significant opportunity for growth”. Well no kidding, Bill. Welcome to the 21st century. The state still has not regulated internet casino games, which is odd considering they were one of the leaders in the legalization of online poker and sports…

Trailing their competitor, FanDuel, by a significant market share, a DraftKings takeover of Entain has been floated… a deal worth an estimated $22.4 billion. The international bookmaker confirmed the offer in a filing with London Stock Exchange. An initial offer of 2,500 pence per share was made, but subsequently rejected by Entain. However, a press release confirmed that a second offer was received in mid-September for 2,800 pence per share. That would be a premium of over 46%. The Board at Entain went on to say that they “will carefully consider” the takeover proposal and respond when appropriate. They urged…

Betting on sports in the US continues to grow rapidly, and FanDuel sports betting is far out in front of even their closest competition. In June of this year, the company occupied over a 40% share of American sports wagers. Their nearest rival, DraftKings, had just a 23% share during that same time. FanDuel’s, which was founded in 2009, now has a 42% share of the market, which is actually a 35% increase when compared to months before. So what has propelled the company to such new heights? Their acquisition by Irish bookmaker Flutter Entertainment. Now, according to estimates from…

The PokerStars Kentucky battle has been raging for years! With roots in the UIGEA from 2006, and the Black Friday seizures of 2011! But things really heated up in 2015 when the state sued the poker operator for hundreds of millions of dollars! But now, the battle is over, just short of making an appearance is the US Supreme Court! SO who won? Howdy friends! J Todd here with another edition of This Week in Gambling! And right after I film this video my ass is on an airplane for Las Vegas to attend the Global Gaming Expo! More on…

For the sixth month in a row Nevada casinos have generated over $1 billion in gambling revenue, putting them in prime position to reach $12 billion in revenue this year. This marks the second longest streak for the state of months with over a billion dollars in revenue. August saw $1.16 billion for the state from gaming and follows an all-time record $1.36 billion posted in July. This current revenue streak of six months began back in March of this year. The longest streak of billion dollar months ever was seven months and took place between November of 2006 and…