Articles by Zach Wolpin (122)
In Maine, their adjusted gross receipts are calculated by subtracting voided and canceled bets, federal excise taxes, and player winnings from their handle. Last month, sports betting revenue dipped 19.5% month-over-month. That’s despite Maine reporting an increase in their betting handle. Their adjusted gross receipts in May amounted to $3.3 million. In April 2024, Maine […]
On ESPN’s “College GameDay” show in March, host Rece Davis may have put the industry leader in a tough situation. Talking with betting analyst Erin Dolan, Davis mentioned her suggestion as a “risk-free investment”. That did not sit well with the Massachusetts Gaming Commission. ESPN is facing possible penalties for a pair of separate sports […]
In April 2007, J.T Foley joined the Las Vegas Sands. Foley spent 17 years with the company and climbed his way through the ranks. In 2014, he was named the executive director for LAs Vegas Sands. Recently, Foley has left the industry operator and is about to take on a new challenge. The Coalition for […]
The Seminole Tribe of Florida owns Hark Rock International. Last week, they confirmed the plan is to open the $550 million integrated resort and casino in Bristol, Virginia at a later date. They were planning to have the resort open up in phases, starting this July. Instead, they will now open up in the fall […]
On Wednesday, Illinois Governor JB Pritzker signed a bill to establish a new progressive sports betting tax rate in the state. He signed the $53.1 billion budget package for the 2025 fiscal year. These brand-new tax rates will go into effect starting July 1. About a week ago, HB 4951 was passed during an all-night […]
The Campaign for Fairer Gaming and Yield Sec released a report that claims New York and New Jersey lost a combined $2.9 billion in revenue to illegal operators in 2023. Last year, both states surpassed $1 billion in total sports betting revenue. New York led all legal betting states with $1.7 billion in operator winnings. […]
A few months ago, former Raptors center Jontay Porter received a lifetime ban from the NBA. The 24-year-old disclosed confidential information to bettors. That completely violated the league's gambling policy. An investigation was launched in March after sportsbooks noticed betting irregularities for Porter. According to new reports, Porter owed large gambling debts to co-conspirators when […]
This week, the Bally’s Corporation launched its free-to-play social casino platform, Bally Play. This app was created and developed with the help of Ruby Seven Studios. The interactive social gaming company is located in India but has headquarters in Reno, Nevada. Bally Play offers an array of digital slot machines, table games, keno, video poker, […]
Game 1 of the 2024 NBA Finals starts this Thursday. The Celtics are the heavy betting favorites but the Mavericks are not going down without a fight. This series is going to bring plenty of drama with Kyrie Irving returning to Boston and Kristaps Porzingis returning to Dallas. On top of that, Porzingis is looking […]
Last Friday, Penn Entertainment’s stock jumped nearly 20%. That was after an investor letter aimed at CEO Jay Snowden for the company’s online sports betting spend. On Friday morning, Donerail Group managing partner Will Wyatt addressed chairman David Handler and the rest of the board. He had this to say. “We believe that the significant […]