Although Maryland was considered one of the most likely online casino gambling destinations, it has subsequently stalled in the legislature and won’t be considered again until 2026 which means the earliest launch would come at some point the following year.
Category:
Industry News
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DraftKings has sold VSiN back to its original founders, Musburger Media, after acquiring it in 2021. Despite the sale, DraftKings will maintain an advertising relationship with the sports betting network. The move reflects shifting strategies in the evolving U.S. sports betting market.
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FanDuel breaks records in New York with 10 consecutive weeks of double-digit holds, ending on July 14th. They reported a 12.7% win rate from $117 million in wagers. DraftKings and FanDuel dominate the market, capturing over 74% of the weekly handle and revenue.
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Pennsylvania’s gaming industry has soared to new heights after the Pennsylvania Gaming Control Board (PGCB) released figures from last fiscal year noting that the state made over $2.5 billion in taxes from gambling in the state.
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After President Joe Biden announced he would no longer seek reelection, offshore betting sites like BetOnline have installed Vice-President Kamala Harris as the top Democrat to defeat the favorite, Donald Trump, and claim the White House after the 2024 presidential election in November.
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Pittsburgh Pirates infielder Tucupita Marcano Has been handed a lifetime ban by Major League Baseball Commissioner Rob Manfred, and Pirates owner, Robert Nutting, believes that was the right decision.
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Nevada casinos now issue vouchers for change under a dollar, leading to millions in unclaimed funds benefiting the state and casinos. Many gamblers skip redeeming these vouchers, and while some casinos donate to charity, unclaimed amounts significantly boost state and casino revenues.
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Penn Entertainment announces layoffs and a strategic shift towards ESPN BET as the football season approaches. Facing investor unrest and costly decisions, the company aims to streamline operations and capture a larger share of the online sports betting market. Explore the impact and future outlook of Penn’s bold moves.
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Kayshon Boutte, the former LSU standout who had been hobbled by injuries before being chosen by the Patriots in the sixth round of the 2023 NFL Draft, was notified that the underage gambling and computer fraud charges against him had been dropped.
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In another example of the consolidation of the domestic online sports betting market, Super Group announced it will exit U.S. operations in its seven mobile sports betting states through its subsidiary Betway.
