Finance
Indian gaming revenue hits record $41bn in 2022
In 2022, Indian gaming facilities recorded $40.9bn in gross gambling revenue, according to figures released by the National Indian Gaming Commission (NIGC). The revenue represents…
Detroit casino revenue up 2.9% to $101.5m in June
The three Detroit land-based casinos reported a 2.9% year-on-year increase in revenue in June, though a big win at MotorCity resulted in a sports betting…
Pennsylvania sets new gambling revenue records in 2022-23
Pennsylvania set a series of new gambling revenue records during the 2022-23 fiscal year, while the state also reported year-on-year growth in June. Total gambling…
MA online sports betting handle down 27% to $323.5m in June
Players in Massachusetts spent $323.5m betting on sports online in June, a 27.1% drop from the amount wagered in May. June was the third full…
Delaware igaming spend slips to year-low in June
Consumer spending on online gambling in Delaware fell to a calendar year-low of $37.9m in June, though sports betting handle improved month-on-month. June’s igaming spend…
NJ gambling revenue up 13.9% year-on-year in June
Gambling revenue in New Jersey increased 13.9% year-on-year in June, though the state experienced a month-on-month decline. State-wide revenue for the month amounted to $457.2m.…
Indiana sports wagering handle continues to decline in June
Monthly spending on sports betting in Indiana fell again in June, while the state also posted a decline in revenue. Players wagered a total of…
Colorado betting handle falls again in May
Player spending on sports betting in Colorado declined for the second consecutive month in May, though the state was able to report year-on-year growth. Wagering…
Iowa sports betting handle down again in June
Sports betting spend in Iowa fell for the third consecutive month in June, while the state also reported year-on-year declines across handle and revenue. Total…
New York sports betting handle slips to 10-month low in June
Consumers in New York spent $1.17bn betting on sports online in June, the lowest monthly total since August 2022. June’s handle was 10.5% ahead of…
Arizona handle slips 16.9% month-on-month on April
Sports betting handle in Arizona fell month-on-month during April, though the $535.7m wagered by players was up year-on-year. The monthly handle was 4.5% ahead of…
Two face insider trading charges over Penn’s theScore acquisition
The Securities and Exchange Commission (SEC) has charged two people with insider trading related to Penn National Gaming’s acquisition of theScore. The charges were handed…
RI sports betting handle slips to 10-month low in May
Consumer spending on sports wagering in Rhode Island fell to its lowest total in 10 months during May. Players bet $30.8m on sports, down 25.1%…
Pennsylvania casino $35k fined for underage gambling
The Pennsylvania Gaming Control Board (PGCB) issued a $35,000 fine to Harrah’s Philadelphia Casino and Racetrack for allowing underage gambling. According to the PGCB, Individuals…