Articles by Zach Wolpin (122)
Last week, Arizona sportsbooks made history after 32 months of legal wagering. The Arizona Department of Gaming reported $656.3 million in a betting handle for April 2024. For the first time, they’ve beaten their neighboring state, Nevada. Arizona came close in March when they collected $760 million in wagers. Despite that success, it was still […]
In Maine, the executive director of the Maine Gambling Control Unit (MGCU) is predicting a rise in sports betting this summer. That’s because of the 2024 Olympics being held in Paris. They start on July 26. While the Olympics might boost the industry this summer, local lawmakers are still frustrated. The state still doesn’t have […]
The Illinois Gaming Board reported $92 million in adjusted sports betting revenue in April 2024. For the eighth consecutive month, their betting handle topped $1 billion. Compared to April 2023, operator winnings were up 2.7%. That despite a 22.8% increase in their handle to $1.1 billion. Illinois’ hold was just shy of 10% in 2023, […]
On Thursday, the Supreme Court was scheduled to hold a conference. Their main objective is to determine whether to take up a petition filed by a Florida parimutuel. This petition was signed by West Flagler Associates (WFA) four months ago. WFA is asking the court to decide the legality of a 2021 gambling compact between […]
In Texas, lawmakers are still working to try and legalize sports betting. They’ve been at this for a few years now but continue to run into the same issue. These proposed sports betting bills make it through the House. However, they all quickly die in the Senate. It’s still an uphill battle for lawmakers to […]
The PASPA Act was overturned by the Supreme Court in 2018. That allowed regulated sports betting to be legalized in the US. Since then, 38 states have some form of legal sports betting. Whether that be online or at a physical casino location. In a USA Today report, MLB players have detailed their growing concerns […]
In the Volunteer State, sports betting regulators recently approved fines against two sportsbooks. They are ZenSports and Fanatic Sportsbook. During their May meeting, the Tennessee Sports Wagering Council (SWC) approved a $60,000 fine for ZenSports. They failed to maintain a high enough reserve balance for their Tennesee sports betting operations. Additionally, a $50,000 fine was […]
This week, various experts in the industry met to discuss collegiate sports betting integrity at the Michigan Control Game Board (MCGB). Top experts in gaming ad regulation attended including the NCAA, BetMGM, Integrity Compliance 360 (IC360), and the FBI. They all met at the Cadillac Palace in Detroit, Michigan. In the state, there are over […]
In May 2024, Bally’s Chicago posted its best monthly gross gaming revenue with $11.73 million. That was reported by the Illinois Gaming Control Board (IGCB). Their slot machines accounted for $6.8 million and table games won $4.75 million. This temporary casino location opened last September. Mark Wong is the General manager and VP of Bally’s […]
In Staten Island, New York, 17 people were arrested by the NYPD last Wednesday. They were involved in a $23 million illegal sports betting ring linked to the Gambino Crime Family. An indictment stated that this unlawful operation had roughly 70 people entangled in massive amounts of debt. These mobsters ran a high-interest predatory loan-sharking […]