D.C. Sports Betting Starts Slow
Sports betting in the nation’s capital failed to excite in its first two months in business. The DC Lottery, which regulates sports betting in the city, reported just $1.2 million in handle through August 3. The wagers produced $237,000 in revenue. The GambetDC platform launched at the end of May while the mobile app came […]
Virginia Issues Phase 2 Sports Betting Regulations
The Virginia Lottery recently issued its second set of proposed sports betting regulations, including 17 new rules regarding operations, internal controls and enforcement. Phase 1 proposed regulations were released July 15, addressing consumer protections, self-exclusion and applications, among other topics. The definitions section of Phase 1 proposed rules also was updated. Virginia sports betting law […]
IRS Targets DFS
In a surprising memo from the Internal Revenue Service last week, the agency ruled that companies that work in the daily fantasy sports industry will have to pay the same excise tax on entry fees as companies in the sports betting industry pay on wagers, 0.25 percent. The memo was authored by Holly Porter, associate […]
Sports Books Lose Big as Big Ten, Pac-12 Cancel Seasons
On September 5, the No. 10-ranked Penn State Nittany Lions were scheduled to open the football season against the Northwestern Wildcats. But that game and all the others on their schedule fell by the wayside when the Big Ten Conference cancelled the season August 11 to protect the health and safety of student athletes during […]
Study: PA Shutdown Cost $424 Million in Lost Taxes
A study by Pennsylvania’s Allegheny Institute has found that the state lost $424 million in tax revenue while the 12 casinos were shut down between March and June. Pennsylvania casinos, which deal with some of the highest gaming revenue taxes in the nation, lost around $968.8 million in potential gaming revenue during the shutdown, which […]
Vegas Visitation Down 70 Percent in June
Visitation to Las Vegas in June came in at just over 1 million, a decline of 70.5 percent from the 3.6 million visitors who came in June 2019. That’s not bad compared with the shutdown months of April, when volume fell 97 percent, and May, when it was down 95.9 percent, and the city drew […]
PA’s Wind Creek Launches Pala Interactive iGaming Platform
Wind Creek Hospitality and Pala Interactive announced the full public launch of Wind Creek Casino’s online gaming platform in Pennsylvania, powered by Pala Interactive. As part of this partnership, Pala will provide Wind Creek with its online player account management system and real-money casino. In addition to the online gambling offering, Wind Creek will be […]
Twin River Signs iGaming Deal in AC
Twin River’s purchase of Bally’s Atlantic City has paid dividends as the casino company signed a multi-year partnership with PointsBet August 6 to offer an online gaming site in New Jersey. The Rhode Island-based Twin River agreed to purchase Bally’s from Caesars Entertainment for $25 million. New Jersey regulators must approve the transaction, according to […]
Everi Expands iGaming Deal with PA’s Parx
Everi Digital, the online gaming division of Everi Holdings Inc., extended its online gaming partnership with Pennsylvania’s Parx Casino and its Parx Online online casino. Seven of Everi’s player-popular stepper titles—Atomic Meltdown, Double Ruby, Red Alert, Shamrock Spin, Smokin’ 777, Star Magic and Triple Threat—are now available to the Parx Online player community in New […]
Any Takers for Pennsylvania’s Next Mini-Casino License?
Pennsylvania’s 2017 Gaming Expansion Act authorized up to 10 Category-4 (satellite) slot operations, or “mini-casinos,” in the Keystone State. Since then, only four of the licenses have been snapped up, with diminishing returns for the state in each round of bidding. To wit: First, regional juggernaut Penn National paid $50.1 million for a license in […]
Cordish Launches PA Online Casino
Baltimore-based Cordish Companies’ Stadium Casino subsidiary, in a first, is launching its Play Live! online casino brand before its two brick-and-mortar facilities in Pennsylvania are open. Stadium Casino is in the midst of construction for its Live! Hotel & Casino Philadelphia, slated to open early next year, and its Live! Casino Pittsburgh Category 4 mini-casino […]
Slot Payback Secrets, Or, Can You Really Increase Your Win Percentage?
In this column on July 9, we explored the payback percentage of online slot games, touching on how each game style returns money to you, the player. One thing I mentioned then was that you should know going in that a penny denomination generally means the lowest payback percentage on a given gaming site. Say […]
