FanDuel launches a new Manhattan headquarters as Senator Addabbo renews his quest for online casinos.
In an attempt to keep funding the Empire State’s online gambling industry, FanDuel, the dominant force in US sports betting, moved to a 36,000-square-foot space in the Flatiron District and unveiled its new Manhattan headquarters this week. Senator Joseph Addabbo Jr. of New York State, a prominent expert on gambling regulation and responsible gaming legislation, […]
Lose a bet and be put to pay taxes? Some gamblers are outraged by the new bill
Bettors may have to pay taxes on income they never received because of a last-minute tax law that caps gamblers’ loss deductions at 90%. Professional sports bettors, who already operate on extremely thin margins, could be devastated by the change, industry experts warn. A few phrases sneaked into the 940-page tax measure passed by Congress […]
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 […]
National Review: Sports Betting Illustrates Libertarianism’s Real-world Boundaries
Due to allegations of involvement in questionable NBA gambling during the 2023–24 season, Detroit Pistons guard Malik Beasley is the subject of a federal investigation. His alleged $42M contract negotiations with the Pistons have been put on hold by the investigation. I claim that the mainstreaming of sports betting has come with several consequences that […]
Should the California Sports Betting Timeline Be Accelerated by Increasing Competition?
Tribes in California felt in control of the postponement of sports betting after the 2022 loss. However, the growth of DFS and an increase in illegal operations are forcing leaders to reevaluate speeding up the legalization process. Tribes felt in control of when internet sports betting will start after California sports betting was decisively defeated […]
New Orleans horse betting will resume in November.
Following legal action, political backing, and a reversal by Churchill Downs after threatening to revoke its license, horse racing will resume at Fair Grounds Race Course from November 20 to March 22, 2026. From November 20 to March 22, 2026, Fair Grounds Race Course in New Orleans will once again provide off-track horse racing betting. […]
Betrivers is Testing Their Product for the Upcoming Launch of Multi-state Poker
BetRivers Poker is expected to receive full approval by Thursday after entering a soft launch phase to join the Multi-State Internet Gaming Agreement. It now supports pooled poker liquidity, making it the third operator in Pennsylvania to do so. On Tuesday, the Pennsylvania Gaming Control Board (PGCB) verified with PlayPennsylvania that BetRivers Poker is one […]
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 […]
Fanduel Launches a New Manhattan Headquarters as Senator Addabbo Renews His Quest for Online Casinos
Supported by government representatives and business titans, FanDuel has taken a significant step in its ongoing expansion within the New York online gambling market by opening a new 36,000-square-foot office in Manhattan’s Flatiron District. In an attempt to keep funding the Empire State’s online gambling industry, US sports betting behemoth FanDuel launched its new Manhattan […]
Massachusetts Joint Committee Holds First Online Casino Hearing
At a hearing on legalizing online casinos, Massachusetts lawmakers covered topics such as possible tax income, the advantages of regulation, worries about gambling addiction, and the effects on land-based casinos. FanDuel and DraftKings backed the proposal. Earlier this week, the first hearing on legislation pertaining to internet casinos was held by a joint committee of […]
