In recent news the Michigan Gaming Control Board revealed the combined state and tribal numbers for iGaming and sports betting totaling $190.2 million, a 7.7% increase on Septembers $176.5 million. The numbers for October show that iGaming set a new high, pulling in $141 million and breaking its previous record of $132.4 million while sports betting reached $49.2 million. There are three casinos in Detroit and they reported paying the city $7.8 million in wagering taxes and service fees in October. In just the first ten months of 2022, the gross receipts for iGaming totaled $1.2 billion and sports betting followed with $163.2 million.

A new report has come out from New Jersey about sports betting and online gaming and the numbers are up. The numbers provided by the New Jersey Division of Gaming Enforcement (DGE) show that the state has yet again pulled over $1 billion for their betting handle, totaling $1.06 billion. Sportsbooks in New Jersey posted revenue of $77.9 million which is down 7.4% year over year but the a record was broken elsewhere. Online casino revenue posted an all-time monthly record of $147.2 million, a 15.9% increase year over year and topping their previous high of $140.6 million from back in March 2022. Since launch in 2013 this is only the second time New Jersey has passed the $140 million mark but their market continues […]

As of today, Bally’s Corporation has officially completed its transaction with a private equity firm to secure a 30-acre property for their casino. The building is currently the home of the Tribute Publishing Center. The deal is set to last for a 99-year initial term with the company having 10 different renewal options for 20 years a piece. Bally’s will be allowed to receive addition revenue from the private investor for up to $300 million. The Chairman of the Board at Bally’s stated, “We are excited to be partnering with one of Chicago’s leading real estate private equity firm as we progress with building our $1.7 billion flagship property in the Chicago market. There is a lot of amazing potential for Bally’s Corporation to make […]