This Week in Gambling

The Gaming Control Board in the Keystone state has reported a 23% decline in Pennsylvania fantasy sports contests for February. This is the vertical’s third consecutive month of revenue decline. Total revenue for February fell to $1.6m, with DraftKings leading the market in the month. The fantasy sports giant generated revenue of $906,451.16, or 56% of the total, though this represented a 12% month-on-month fall. FanDuel also saw its revenue fall sequentially, down from $998,218.08 in January to $622,815.68. Once again, FanDuel and DraftKings accounted for the vast majority of fantasy revenue generated in the state over the month, accounting…

[one_half padding=”0 10px 0px 0″][/one_half]Just two months after the Department of Justice announced it was changing it’s opinion on the Wire Act, 15 states and the District of Columbia are set to join the DOJ online gambling lawsuit Additionally, New Jersey is asking the court for a Declaratory Judgment that the Wire Act only applies to sports betting, not to online gambling or poker. We also have sports betting news from the NCAA just in time for March Madness. This week’s special offer is for Gossip Slots.

The World Poker Tour has signed a new partnership deal with Mexican multimedia conglomerate TV Azteca, a Grupo Salinas company. This comes as part of WPT’s ongoing efforts towards global expansion. The five-year strategic alliance will see WPT’s extensive poker content library distributed in Mexico and across Latin America. TV Azteca sports division is called Azteca Deportes. It produces sports events and regular sports programming aired on the Azteca Uno and Azteca 7 networks in Mexico and on Azteca América in the United States. Under the terms of the agreement, 17 seasons of the WPT will reach tens of millions…

Americans plan to Bet on March Madness to the tune of $8.5 billion. About 1-in-5 adults will be placing a bet on the NCAA men’s basketball tournament, according to a new survey released today by the American Gaming Association. “During this year’s tournament – the first in post-PASPA America – sports fans are expected to bet 40% more than they did on this year’s Super Bowl,” said Bill Miller, AGA’s president and chief executive officer. “Unlike any other sporting event in the country, March Madness attracts millions who fill out brackets, make casual bets with friends or wager at a…

An Ohio sports betting bill has been introduced by lawmakers in the state. The bill could lead to legalize the activity for the state’s 11 casinos and racinos, as well as permit online gambling. Venues that want to offer sports betting services would need to pay a license fee of $100,000, and licensees would be able to enter partnerships with operators in order to offer sports wagering. Casinos and racinos that secure a license would be subject to a tax rate of 6.25% on gross sports betting revenue. However, the bill omits any language relating to a so-called ‘integrity fee’…

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