Industry News

Vermont is poised to launch online sports betting on January 11, marking the realization of Governor Phil Scott’s signed legislation. Mobile platforms from DraftKings, FanDuel, and Fanatics Sportsbook will operate, offering various promotions. The state projects revenue of up to $7 million in 2024.

Alabama Rep. Andy Whitt, is leading the charge on gaming legislation, unveils a stark reality of rampant illegal gambling across the state. His 14-month exploration revealed 45 illicit gaming facilities, urging a crackdown as a precursor to any potential expansion, emphasizing stringent enforcement and regulation.

Amidst a transformative surge in online casino revenue, the U.S. iGaming sector has witnessed a groundbreaking shift, surpassing $4.8 billion in the first 10 months of 2023. Frontrunners New Jersey and Michigan lead the wave, with October alone contributing $542.7 million, propelling the industry towards an anticipated $5 billion annual mark.

North Carolina’s mobile sports betting, delayed until after the Super Bowl, grapples with regulatory complexities. Commission Chair Ripley Rand underscores the intricate decision-making process, while Bet365 secures a 10-year deal with the Charlotte Hornets, aligning with the state’s sports betting law.

Despite legal challenges, Florida’s sports betting, managed by the Seminole Tribe, persists. The state’s Supreme Court refrained from intervention, allowing the tribe to relaunch its app and introduce in-person betting. Legal battles continue, impacting the state’s unique “hub and spoke” gambling structure.

Governor Kevin Stitt unveils a comprehensive sports betting plan for Oklahoma, proposing distinct taxation rates for in-person and mobile betting. Tribal reactions range from curiosity to dismissal, highlighting potential hurdles in achieving a collaborative approach for legalization.

In a pivotal move, the California Nations Indian Gaming Association unanimously rejected two sports betting initiatives. Led by CNIGA Chairman James Siva, tribal leaders express skepticism, questioning the readiness of voters immediately post-2022 elections. The proposals face a tight timeline, requiring tribal agreement within two weeks to navigate the intricate gaming landscape.