Finance

3rd October 2019

Pennsylvania VGTs make $226,743 in first six weeks

Video Gaming Terminals (VGTs) in Pennsylvania brought in $324,710 in revenue on $3.4m worth of wagers between their launch on 16 August and the end…

3rd October 2019

State of the Union: Stars/Flutter, Pennsylvania, Nevada and more

This week’s State of the Union, in partnership with Segev LLP, covers the Stars Group and Flutter Entertainment merger to create the largest company in…

2nd October 2019

Pennsylvania gambling revenue hits $3.29bn in 2018-19

State-wide gambling revenue in Pennsylvania amounted to $3.29bn in the 2018-19 financial year as the introduction of legal sports betting and higher income from slots…

2nd October 2019

Stars Group and Flutter Entertainment agree mega-merger

Flutter Entertainment, the parent company of Paddy Power Betfair, has agreed a deal to acquire all of the shares in The Stars Group (TSG) and…

1st October 2019

Rhode Island sports betting revenue recovers in August

The Rhode Island Lottery has reported a month-on-month increase in sports betting revenue in August after punters spent over $10m (£8.1m/€9.2m) on legal wagering during…

27th September 2019

August Nevada sportsbook handle remains behind NJ

Nevada’s sportsbook handle for the month of August remained behind New Jersey for August, despite a 22.1% increase to $287.8m, while overall casino revenue slipped…

26th September 2019

State of the Union: NH, NASCAR, NCRG and more

This week’s State of the Union, in partnership with Segev LLP, covers progress in New Hampshire, as well as the launch of in-race betting on…

24th September 2019

Unpleasant truths

Pennsylvania’s hefty tax on slots may weigh heavily on operators’ bottom lines, writes Daniel O’Boyle, but stakeholders in the Keystone State remain confident that they…

19th September 2019

State of the Union: NJ, MS, DE, PA and more

This week’s State of the Union, in partnership with Segev LLP, covers the latest revenue figures from a number of regulated markets, as well as…

19th September 2019

Football drives Mississippi sportsbook handle growth

Mississippi’s sports betting market bounced back in August after a weak July, as bettors placed $19.9m in sports wagers in August, up 48.5% month-on-month. The…

17th September 2019

PA fantasy sports revenue up 47% in August

Pennsylvania’s fantasy sports market has reported a 47.2% year-on-year increase in revenue for August, with DraftKings leading the market over the month.  DraftKings’ revenue grew…

17th September 2019

Delaware sports betting continues to struggle in August

Delaware’s sportsbooks endured another difficult month in August, with amounts wagered dropping 42% year-on-year. Delaware Park, Dover Downs and Harrington Raceway took just $4.4m (€4.0m/£3.5m)…

17th September 2019

Pennsylvania sees betting and online casino soar

Pennsylvania saw more than $100m spent on both interactive gaming and sports betting during the first full month of operations. A total of $111.8m was…

16th September 2019

Iowa generates $2.2m in first fortnight of legal betting

Licensed operators generated $2.2m in revenue from the first sixteen days of legal wagering in Iowa, with the William Hill-powered offering at the Prairie Meadows…