The first year of legal online sports betting has come to a close in New York and the geolocation numbers show the Empire State is the king. According to numbers from GeoComply, the first 12 months of sports betting combined for over 3.79 million accounts created and 1.25 billion geolocation checks with GeoComply going on to note, New York’s size aptly reflected these numbers. A quote from GeoComply SVP Compliance states, “The most satisfying result of New York’s success is that millions of players have gravitated to accountable legal betting options that provide meaningful protections and are significant contributors to the state economy.” In total bettors combing for over $16 billion in handle which led to more the $1 billion gross gaming revenue, almost $700 […]

A new report has just come out showing that legalized sports betting in Texas could look to generate bets placed of over $30 billion, making them the highest-grossing market in the country, passing New York though tax revenue likely won’t top the Empire State. A rough estimate from the data shows that the retail betting handle would accommodate for $3 to $5 billion while the online handle would take the brunt with $17 to $24 billion. The data takes into account the former sports betting legislation in Texas for a 10% tax rate on retail and online betting but Texas has been openly tax-averse so it would look more like 25%. Another model shows estimated revenue of $204 to $466 million for retail and $1.2 […]

The satellite casino operator Macau Legend has just publicly announced an agreement with the Macau gaming concessionaire SJM. The new agreement will allow Macau Legend to operate its casino under one of the six authorized companies for the next three years. They didn’t disclose how much gross gaming revenue they would be providing to SJM but did note that it would be “a percentage sharing of the gross gaming revenue on a monthly basis in accordance with the monthly operating performance of mass gaming tables and slow machines, after deducting all costs and expenses calculated.” Macau Legends has been known for the operating the Babylon Legend Palace and Landmark casinos for years but recently has been funneling its interest to Landmark. The new gaming concessions […]