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Sports Betting Margins Surge to Record Levels, Says Jefferies Analyst

Flutter-backed results drive optimism after long losing streak for bookmakers After months of sweating it out, bookmakers have finally found some breathing room. According to Jefferies Equity Research analyst James Wheatcroft, sports betting margins in the second quarter are tracking at all-time highs—offering a rare win for the sector following several quarters of bruising results.…

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Pennsylvania gambling revenue February 2024

Pennsylvania Reports $477 Million in February Gambling Revenue, Showing a 4.3% Year-over-Year Drop

The Pennsylvania Gaming Control Board released its February revenue figures this Tuesday, revealing that the state’s gambling sector generated $477.2 million, a 4.3% decline from the same month last year. Hollywood Casino at Penn National Race Course in Grantville emerged as the top performer in February, with revenue of $89.5 million. However, this was a…

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New Jersey sports betting tax debate

Opposition Mounts Against New Jersey Gambling Tax Hike Proposal

New Jersey Governor Phil Murphy’s proposal to nearly double the tax on mobile sports betting and iGaming to 25% has already sparked resistance. While the Democratic-controlled legislature might be inclined to approve the increase, opposition from both political and industry stakeholders is quickly gaining traction. Bipartisan Lawmakers Push Back Less than 24 hours after Murphy’s…

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Indian Gaming Tradeshow San Diego 2024

Indian Gaming Association Prepares for 40th Annual Tradeshow and Convention in San Diego

The Indian Gaming Tradeshow & Convention is gearing up for a milestone event, celebrating its 40th year with a packed schedule of discussions, exhibitions, and policy meetings. As tribal leaders closely watch how federal regulations and emerging technologies shape their future, this year’s theme, “The Future of Indian Gaming: The Next Chapter,” signals a pivotal…

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Horse racing betting at a racecourse

Horse Racing Betting Hit by Affordability Checks, Says British Horseracing Authority

The British Horseracing Authority (BHA) is pointing fingers at the Gambling Commission’s financial risk checks for a sharp drop in betting turnover. The group claims punters are walking away from the sport or shifting their bets to unlicensed operators, raising concerns about the industry’s financial future. Betting Revenue Takes a Hit According to the BHA’s…

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