Hope for Georgia sports betting has sparked again as 11 state senators announced a new bill that would bring sports betting to the Peach State. If approved the new initiative would allow sports betting to be put into law without a ballot initiative. The bill, SB 57 is named the Georgia Sports Betting Integrity Act, looking to give regulation to the Georgia Lottery, and if legalized the Georgia Sports Betting Integrity Act will allow 18 Type 1 licenses which would allow: Professional sports teams or their designees Governing bodies that hold professional golf tournaments Owners of auto race facilities associated with the stock car auto racing national tour or the international motor sports car tour The Georgia Lottery Corporation In short, if the new bill […]

The Michigan Gaming Control Board has just released a new report showing solid growth for internet casinos and sports betting operators. The numbers show a combined $1.98 billion in gross receipts for 2022, a 41% increase on 2021’s $1.4 billion totaling $1.65 billion in adjusted gross receipts. Internet casinos lead the way with $1.58 billion in gross recipes while sports betting followed with $399.58 million. The 2022 handle totaled $4.6 billion, almost $1 billion ahead of 2021’s $3.7 billion. The three commercial operators in Detroit reported paying $84.57 million in wager taxes and municipal services while tribal operators paid $32.83 million to its governing bodies.

Since their launch in April 2022, Ontario has been making great strides in online casinos and sports betting as they continue to grow in Q3, posting a staggering 71% growth from Q2 with $457 million in revenue. Just nine months in Ontario has seen over $21.6 billion in handle with total revenue at $886 million. Active bettor counts grew 45% from 628,000 in Q2 to 910,000, 85% growth from Q1’s 492,000. The average monthly spending for Ontario bettors increased 18% from July to September at $167. Ontario’s online sports betting and casino industry is still in its infancy but its early numbers show promise that it will continue to grow with time.