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FanDuel Paid More Than $1 Billion in Estimated NY Sports Betting Taxes
Sportsbook pay per head reports show that FanDuel paid more than $1 billion in NY sports betting taxes. The New York Gaming Commission stated that the sportsbook operator received around $6.5 million in wagers for the week ending June 30. The mobile behemoth has the most handle and income among the nine sportsbook apps allowed […]
Alberta Sports Betting Takes Initial Step to Open Its Market
Ontario is the only Canadian province with an open sports betting market. Legislators are paving the way for the legalization of the Alberta sports betting market, introducing competition. The Royal Assent received Bill 16, the Red Tape Reduction Statutes Amendment Act. The amendment allows third-party gaming operators alongside the Alberta Gaming, Liquor, and Cannabis Commission. […]
Sports Betting Market Size to Reach $182 Billion in 2030
Online sports betting is booming thanks to digital technology facilitating global bookmaking services. Bookies used to be only found at racetracks. However, we can now bet on various games anywhere in the world – from a casino or online. With technology advancing, we can now bet on interactive games like casinos, fantasy sports, and traditional […]
Betr Raises $15 Million for Sports Gaming and Media Expansion
Betr Holdings Inc. recently secured $15 million from investors, which it earmarked for its sports gaming and media expansion. The company’s total funding is now $100 million, and its valuation is $375 million. Fuel VC, Aliya Capital, and Eberg Capital, among others, invested in the round co-led by Harmon Partners and 10x Capital. Betr also […]
Washington DC Sports Betting Market Down Year-Over-Year in October
Caesars Entertainment remained the leader in the Washington DC sports betting market. However, the sector declined in revenue and handle year-over-year in October. In October, Washington, DC gamblers wagered $16.4 million. This was 33.9 percent less than the $24.8 million earned in the corresponding month a year ago but 13.1 percent more than the $14.5 […]
