Posts Tagged ‘New York’
Promotional Spending Pays Early Dividends For NY Sportsbooks
Caesars Sportsbook staked their claim as New York’s mobile sportsbook market leader shortly after launch, largely as a result of unprecedented promotional spending. While this promotional spending allowed Caesars to capture a large sector of market share, a new report indicates that high promotional spending may be a death sentence for the market. ALBANY, N.Y.…
Read MoreLegal Sportsbooks Handle Nears $100 Billion Since PASPA Repeal
Over six states passed the billion-dollar handle mark New York opened regulated sports betting on the 19th of January and saw over $150 million bet New Jersey has generated the largest handle at over $22 billion $1 billion mark should be hit by February 2022 LAS VEGAS – In early 2018 Nevada ruled the world…
Read MoreBullish Morgan Stanley Memo Boosts DraftKings Stock
Investment firm Morgan Stanley released a memo on DraftKings’ stock on Wednesday, upgrading its standing from “equal weight” to “overweight”. DraftKings is set to see another substantial bump in stock price in 2022, with New York’s mobile sportsbook launch providing a huge boost to DraftKings’ revenue figures, among other factors. BOSTON – After a rough…
Read MoreNY Regulated Mobile Sports Betting Market Live On Saturday
The regulated NY mobile sports betting market will launch on Saturday. Only four of the nine mobile sportsbooks will go live at first. Better Collective has signed partnership deals with three sportsbooks. ALBANY, N.Y. – In an unexpected turn of events, New York is launching a regulated mobile sports market far earlier than expected. New…
Read MorePhiladelphia Casinos Ordered To Check Vaccine Card For Entry
Philadelphia is imposing new restrictions to its casinos and eating establishments to require proof of vaccination for entry. Harrah’s New Orleans was the first casino to begin requiring proof of vaccination or a negative COVID-19 test. New York has recently passed a law that criminalizes attempts to forge vaccination cards. PHILADELPHIA – Philadelphia’s two casinos,…
Read MoreNY Sports Betting Apps Expected 3 Weeks Before Super Bowl 56
New York’s mobile sports betting is expected to launch the second or third week of January, according to New York State senator Joe Addabbo Jr. Addabbo says that most of the nine licensed sportsbooks will be ready to launch at that time, though some may launch with a slight delay. ALBANY, N.Y. – New York…
Read MoreSports Betting Revenues Up Across Nation Compared To 2020
Every state with a legalized sports betting industry, with the exception of Oregon, saw an increase in sports betting revenue in September 2021 compared to September 2020. Michigan and Colorado saw the largest increases in sports betting revenue, with Michigan seeing a 520.1% increase and Colorado a 443.9% increase. TALLAHASSEE, Fla. – Seventeen of the…
Read MoreNew York Could Soon Be Home To Online Poker With Casinos Opening
New York is opening a Resorts World casino in the Newburgh Mall, with rumors of a casino opening in Manhattan. New York is surrounded by states with online poker such as Pennsylvania and New Jersey. The Empire State is currently working on launching mobile sportsbooks. NEW YORK – New York’s gambling landscape has been evolving…
Read MoreNew York Daily Fantasy Sports In Danger Of Being Made Illegal
A New York Court is discussing whether or not daily fantasy sports (DFS) is a game of chance or skill. If DFS is considered gambling by the court, it could be made illegal in the Empire State. NEW YORK – A discussion was had on Tuesday regarding whether or not daily fantasy sports (DFS) should…
Read MoreFederal Bill Drawn Up For Mobile Sportsbooks On Tribal Grounds
House Resolution 4308 is a piece of Federal legislation that was introduced to the U.S. Congress on July 1. H.R. 4308 would like to change the language of the Indian Gaming Regulatory Act (IGRA) to allow for mobile sports betting on tribal grounds without any pushback that tribes could presently run into. There is no…
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