A bold new pitch to legalize sports betting in California is making waves among tribes, but a key group slams it as a sneaky corporate play. This comes as the state remains one of the biggest holdouts in the nation for online wagering. What could this mean for gamblers and tribal rights? Stick around to…
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.…
Boyd Gaming has announced the sale of its 5% stake in FanDuel Group back to its parent company, Flutter Entertainment, for a massive $1.75 billion. The move is part of Boyd's strategy to bolster its financial health, with the company also extending its market-access agreements for mobile sports betting and online casinos through 2038.
In…
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…
Nebraska lawmakers are weighing a potential shift in the state’s gambling laws, one that could take sports betting beyond casino walls and onto mobile platforms. The proposal, backed by State Sen. Eliot Bostar, aims to let voters decide whether online sports betting should be legalized. Advocates see a major revenue opportunity, while opponents warn of…
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…
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…
Taking a leap into entrepreneurship is never easy, especially when stepping away from a stable and growing company. But for James King, co-founder and CEO of Flows, the decision to go solo and build an industry-defining no-code automation platform wasn’t just a business move—it was a calculated risk with a clear vision.
From Stability to…
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…
A bipartisan group of lawmakers is once again making a case for eliminating a decades-old tax on legal sports betting. Representatives Dina Titus (D-Nev.) and Guy Reschenthaler (R-Pa.), co-chairs of the Congressional Gaming Caucus, reintroduced legislation Tuesday to repeal the federal excise tax on sports wagering. It marks their fourth attempt to get rid of…