One of regulated sports betting's main appeals to state governments was the opportunity to raise new revenue through sports betting taxes. While most states took a relatively modest cut of the action with tax rates coming in at around 10 percent, usually calculated by the gross gaming revenue (GGR). But a few states took the…
As Brazil inches closer to the implementation of a regulated sports betting market, the Brazilian government agency tasked with regulating that market is clarifying its vision for that market. This week, the Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) published a draft version of the regulatory scheme that will ultimately govern the market. The…
Regulated sports betting is proving to be a hit in Illinois, where players dropped nearly $1 billion on wagers over the course of March, 2022. Buoyed by March Madness, the state clocked its highest handle to date and industry watchers are suggesting that the Land of Lincoln could emerge as one of North America's biggest…
Belgian Justice Minister, Vincent Van Quickenborn is pushing his government to enact a total ban on gambling advertisements in the country. But his logic, and a major exception for the government-run national lottery, have given critics plenty of ammo to blast the plan. Under Van Quickenborn's plan, virtually all gambling advertising, and sponsorship of sporting…
The National Football League (NFL) is one of the most iconic brands in all of sports and its image evokes both a storied past and a dynamic present. That's why 888Sports was more than happy recently when it extended its sponsorship deal with the NFL in the UK and Ireland. It's a deal that will…
California voters will have the opportunity to legalize sports betting in the Golden State this fall as one, and likely two, gaming bills will appear on the ballot this November. If passed, the measure(s) would open up one of the largest, and most lucrative, online gambling markets in the United States. If passed into law,…
With a population of 212 million people, Brazil is both the largest country in South America and, potentially, one of the biggest sports betting markets on the planet. Earlier this week, Secretariat of Evaluation, Planning, Energy and Lottery (SECAP), the agency tasked with regulating Brazil's gaming industry, released a proposed regulatory framework for sports betting…
When lawmakers in Ontario, Canada expanded the scope of regulated gambling recently, operators across the globe saw an opportunity to tap into a massive market and huge numbers of new players. What they may have forgotten in the excitement was that the same legislation that brought regulated online gambling to the market also included some…
888 is looking to its shareholders for approval of its proposed acquisition of William Hill's UK assets. It's a move that, if approved, will create a seismic shift in the UK gambling industry and create a new "global gaming leader", according to officials at 88. Since July of last year, 888 has been in hot…
MGM Resorts is making a major move on the global gaming market with the announcement of a $607 million offer to purchase the Swedish operator LeoVegas. The offer, which already has the support of the LeoVegas Board of Directors, would put MGM Resorts in a position to compete in the growing US online casino market,…
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