iGaming Will Outperform This Year, Says Per a Macquarie Analyst
iGaming stocks rose 12% in June, triple the S&P’s 4% gain. Analyst Chad Beynon attributes the growth to high sportsbook hold rates, NBA playoffs exposure, and improving sentiment despite regulatory pressure. The growth rate of igaming stocks is three times faster than that of the S&P Index. In an investor note published on June 26, […]
Rhode Island’s iGaming Revenue Increased by 113.5% Year-on-year in May
In May, Rhode Island’s igaming industry generated $4.8 million, a 113.5% year-over-year increase in revenue. Slot machines led the way with $129.1 million in total bets, which fueled discussion about access and age restrictions. Net gaming revenue increased from US$2.3 million to US$4.8 million in May, representing a 113.5% year-over-year growth in Rhode Island’s igaming […]
Macquarie Increases Revenue Expectations for Online Casinos and Sports Betting in 2025
Given the surge in online casinos and sports betting so far this year, Macquarie’s Chad Beynon increased his projection for 2025 gross income from online gaming. His current iGaming revenue prediction for the year is $31.6 billion, a 25% increase over 2024. In 2025, Beyoncé had originally projected a 20% growth. The majority of the […]
New York Casinos Hit $63M in May, Second-Best Month Ever
With $63 million in revenue, May was the second-best month ever for the casino industry in New York. Despite having fewer gaming units, all four commercial casinos reported gains, primarily from increased activity in slot and table games. The present casino industry is thriving, and New York is aiming to expand its casino industry in […]
Delegate Kathy Szeliga: iGaming special interests gamble with Maryland’s future.
Serious worries about addiction, financial ruin, and the disproportionate impact on minorities and youth are raised as Maryland considers legalizing iGaming. According to data, iGaming might make illegal gambling markets worse rather than better. In recent weeks, The Baltimore Sun’s editorial pages have seen a lot of back and forth on internet gambling, sometimes known […]
iGaming Expansion: Is Ohio Ready to Double Down on Legal Online Gambling?
Legislators in Ohio are discussing legislation to legalize iGaming, which would enable online casinos to provide craps, cards, and slots. The move, which has the support of major operators, could result in significant consumer protections and tax revenue. Ohio lawmakers are contemplating measures to expand the state’s legal gaming business. If passed, Ohio would become […]
Report: iGaming Revenue in the Americas Will Reach European Level by 2028
According to Vixio’s most recent analysis, online casino revenue in the Americas could rival Europe’s once-dominant market by 2028, driven by expansion in U.S. states, Ontario, and Latin America. Vixio’s new analysis, published on Monday, predicts that online casino revenue in the Americas will reach $56.3 billion by 2028, bringing the continents on par with […]
Draftkings Sued by Micro-gaming Ventures for Patent Infringement
DraftKings is being sued by Micro-Gaming Ventures for allegedly violating five patents related to in-play betting technology. A court ruling might determine the extent of damages. DraftKings is facing a patent infringement action from Texas-based in-play bet technology startup Micro-Gaming Ventures. DraftKings is accused of violating five Micro-Gaming Ventures patents, including those pertaining to location-based […]
AGA: Gambling contributes $329bn to US economy
According to the American gambling Association (AGA), the economic impact of tribal and commercial gambling in the United States was $328.6 billion (£267.9 billion/ €309.9 billion) in 2022. This was described in a new report produced by the AGA and conducted by Oxford Economics. According to the report, the US gaming industry employs 1.8 million […]
Sportradar Explores iGaming Expansion in Brazil with 360° Player Engagement Strategy
Sportradar tests its iGaming platform in Brazil, integrating marketing, betting, and fraud detection to improve player engagement and guide global development. Sportradar is utilizing Brazil as a test market for its iGaming services, with the goal of driving growth for operators throughout player life cycles. Sportradar described iGaming as a “natural extension” of its existing […]
