Evan Thornton 
The online gambling industry is predicted to grow by $114 billion from 2020-2024. Gaming companies are spending millions on customer acquisition. LAS VEGAS – Online gambling has been increasing in popularity for the past few years, but predictions are suggesting that the size of the online gambling market is about to expand exponentially more than … Read more
The highway patrol seized several “amusement devices” from Torch Electronics. Torch filed a lawsuit against the state over seizure and subpoena. Senator Dan Hegeman wants Torch’s machines out of Missouri. SPRINGFIELD, Mo. – A legal battle is brewing between Wildwood-based Torch Electronics and Greene County prosecutor Dan Patterson after some of Torch’s gambling machines were … Read more
The monthly handle for the sports betting industry dropped by 24% from June to July. LAS VEGAS – Despite having its best financial year to date, the sports betting industry handle suddenly dropped in July of 2021. Monthly Handle Drop Off The combined betting handle of the 12 reporting states for July was only $1.47 … Read more
SBTech is suspected to be a front company for criminal activity. The SEC has requested documents from DraftKings following the allegations. LAS VEGAS – Sports betting giant DraftKings was recently accused of ‘black market operations, false and misleading statements and/or failures to disclose information by short-seller Hindenburg Research. The SEC is now investigating matters further. … Read more
Penn National recently acquired Barstool Sportsbook. Caesars Entertainment recently bought a stake in SuperDraft. LAS VEGAS – With NFL season right around the corner, there’s a growing interest in which gambling companies to invest in via stock purchases. DraftKings It’s seemingly impossible to talk about sports betting in any capacity without DraftKings coming up, and … Read more
Online poker revenue numbers from June to July are rising in New Jersey, Pennsylvania, and possibly Michigan. LAS VEGAS – Online poker saw its best revenue year in 2020 due to people staying in their homes from the COVID-19 pandemic. Since that time however, revenue rates have expectedly dropped for online poker as in-person options … Read more
SB 688 passed the North Carolina Senate by a vote of 26 to 19. Mobile betting could take effect by January 1 2022 if approved by the House and signed into law. The bill includes an 8% tax rate on sportsbook operators and $500,000 license fees. RALEIGH, N.C. – A groundbreaking new sports betting bill … Read more
Magic City Casino Owners filed a second lawsuit to oppose the Seminole-Florida Gaming Compact. Seminole casinos can accept cash for sports wagers under the compact, but parimutuels cannot. TALLAHASSEE, Fla. – The 2021 Seminole-Florida Gaming Compact continues to face opposition as two parimutuel facilities have teamed up to file a second lawsuit to challenge it. … Read more
Ohio, Massachusetts, Kansas, South Carolina, Kentucky, and Missouri could see legalized sports betting by 2022. Each state listed could see millions in annual tax revenue from regulated sports betting. LAS VEGAS – More than 20 states have launched sports betting operations in the past three years, and it has been very profitable for them. Although … Read more
Former Head of Twitch Esports, Justin Dellario, will be joining Entain to assist with their new esports division. Entain recently purchased the popular esports betting company Unikrn. Unikrn will continue to exist with some undisclosed alterations after its return in 2022. LAS VEGAS – Entain is currently one of the world’s biggest sports betting and … Read more