Articles by Zach Wolpin (314)
In Massachusetts, gaming regulators are preparing themselves for a deep dive into sports betting limits. Watchdogs across the market in Massachusetts have questions about what operators refer to as an “industry practice.” On Wednesday, the Massachusetts Gaming Commission (MGC) has a meeting scheduled to discuss “wager limitations.” Those attending the meeting include sports betting operators, […]
In the summer of 2024, the D.C. sports betting marketplace has undergone major changes. On Tuesday, Caesars Sportsbook announced that it will install 53 sports betting kiosks at small businesses throughout Washington D.C. This is being done in cooperation with the District’s Office of Lottery and Gaming (OLG). These Caesar Sportsbook kiosks are set to […]
On Monday, September 9, Bally’s Chicago celebrated its first anniversary. Since they opened their temporary Medinah Temple casino, they’ve seen 1.3 million visitors visit. The sportsbook knows there is more revenue to be had if they had a permanent location. Bally’s will patiently wait for their casino to be built. As of August 31, Bally’s […]
After high holds in July for operators in New York, they did not experience the same luck in August. Even with an 11% month-over-month increase in the amount wagered, the operator’s win rates fell below double-digits for the second time in the last three months. The New York Gaming Commission (NYGC) reported that New York’s […]
Last month, Penn Entertainment floated the idea that the launch of ESPN BET in New York could happen by late August. However, Penn is now left waiting for the green light from regulators to be able to launch in the Empire State. Even with the optimism they had, Penn still mentioned this was “subject to […]
This past Thursday, DraftKings CEO Jason Robins spoke at the Bank of America’s Gaming and Lodging Conference. Robins noted how industry operators have looked back at past mistakes to have a better plan moving forward. Earlier this year, Illinois instituted a significant tax hike and it was not received well within the industry. DraftKings is […]
The first year of legal sports betting in Kentucky has been more than profitable for the state. In 11 months of legal wagering, Kentucky pushed its all-time handle to $2.1 billion. Blowing away the expectations they have for the industry in year one. September 28, 2023, was the first day that sports betting was fully […]
For months, legislators in Missouri have been working diligently to get sports betting on the November 2024 ballot. Along the way, several hurdles have delayed the process. This past Friday, Cole County Circuit Judge Daniel R. Green ruled in favor of Secretary of State John Ashcroft. That means sports betting will stay on the November […]
Yesterday, the Kentucky Horse Racing Commission reported $15.4 million in gross sports betting revenue for July. The seven retail sportsbooks and eight mobile operators combined for a hold of just under 12%. That was Kentucky’s fourth consecutive month with a double-digit hold and the eighth time in their 10 months of full legal sports wagering. […]
On Thursday, the Kansas City Chiefs and Baltimore Ravens faced off in the 2024 season opener for the NFL. Hours before the game started, one of Kansas City’s most well-known fans received a lengthy prison sentence. Xaviar Babudar, or “Chiefsaholic” was sentenced to 17 years and six months in federal prison for his connection to […]