New York’s mobile sportsbooks won $44.5 million on $380.8 million in handle in the week ending Aug. 16. Revenue rose 21.4 percent from the prior week while handle grew 2.1 percent, as hold climbed to 11.7 percent. DraftKings took the state’s handle lead at $139.8 million, but FanDuel kept the revenue lead at $16.6 million. … Read more
Britain’s remote gaming duty rose from 21% to 40% on April 1, costing Bally’s about $39 million of segment profit. Bally’s offset close to 65% of that hit through revenue growth and cost control. Bally’s Intralot B2C revenue rose 22.3% to $243.5 million while the segment’s profit fell 13.9% to $64.7 million. Consolidated revenue reached … Read more
A federal judge denied the CFTC’s emergency bid to halt New York’s gambling case against prediction market Kalshi. The order reached the docket Aug. 3 and found the agency showed neither likely success on the merits nor irreparable harm. New York seeks $100,000 for each unauthorized sports wagering offer plus a penalty of three times … Read more
Record wagering in the country’s largest market produced its thinnest margin yet, and the state’s education fund collected $46 million less than a year