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
The $47 million covers 594 rooms and suites across 22 floors, about $79,000 a room. Crews start in October and work three floors at a time, finishing in December 2027. Ontario stripped casino exclusivity in Niagara on Aug. 13 and will seek new operators this year. New York sets no statewide blackjack payout, and a … 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
The CFTC ordered KalshiEX LLC to keep operating under the Commodity Exchange Act’s Core Principles and its normal practices. KalshiEX notified the commission of a market emergency on Aug. 1, and that notification triggered the federal order. New York’s July 31 complaint seeks to bar all Kalshi event contracts nationwide and more than $36 billion … 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
The state’s attorney general wants Kalshi barred until it holds a gambling license and stripped of what it earned from New Yorkers. Within hours, federal regulators went to court to stop her. NEW YORK – The price New York has put on evicting Kalshi is eye-catching: no less than $36 billion. On Friday, Letitia James, … Read more
How a state taxes its sportsbooks decided whether record June betting filled its tax coffers or left them short.
No state opened a new online sports betting or online casino market in the year’s first six months, even as US commercial gaming set a sixth straight