Month: February 2022

Caesars Sportsbook pulling back from advertisement Caesars executives have stated that they will pull back from advertising and look more toward profitability. CEO Tom Reeg said, “You’re going to see our commercials largely disappear from your screens.” they still have some March Madness slots they could not get out of. […]

Churchill Downs Abandons Online Sports Betting During a conference call to report 4th quarter results, Churchill Downs officials said the company will discontinue its online sports betting and internet gaming operations. However, Churchill Downs will still offer retail, and brick-and-mortar sportsbooks. Churchill Downs CEO Bill Carstanjen said, “continued efforts in […]

New poll in California shows voters are leaning towards sports betting legalization California voters are open to the idea of creating a legal market for online sports betting. A recent poll showed that 45% of voters would support legalization, with 33% who are opposed, and 22% of people who are […]

Finger Lakes casino sold to Churchill Downs With skyrocketing revenues coming from mobile sports betting in New York, the Kentucky-based company Churchill Downs has announced the acquisition of the del Lago Resort and Casino del Lago Resort in Seneca County, NY. The Finger lakes resort and casino sale comes with […]

US Casinos post record revenue in 2021 Commercial casinos in 2021 generated more revenue than any other year in the industry’s history. Gross gambling revenue reached $53 billion, breaking the previous record from 2019 at $43.65 billion. AGA President and CEO Bill Miller said, ” Today’s industry is effectively meeting […]

New York Handles $2.4 billion in first 5 weeks Since New York has opened its online sports betting in early January, more than $2 billion has been wagered, nearly $80 million in tax revenue has been generated, and the state has accounted for a quarter of the nation’s mobile sports […]

Arkansas Committee approves rules to allow mobile sports betting. The Joint Budget Committee has approved the final rules from the Arkansas Racing Commission that will allow for mobile sports betting. Legalization comes in time for college basketball’s March Madness Tournament. The new rules will allow three casinos in the state […]

Tennessee sets record for monthly handles for sports bets in the state! Mobile sports betting continues growing at a rapid pace all across the country and recently Tennessee’s sports books combined for a gross handle of just over $386 million in January, reaching their highest total since the launch in […]