Author: kyle

New Jersey has beaten its own sports betting revenue record. In September of this year, the state took in over $748 million in wagers on sports including the NFL. The New Jersey Division of Gaming Enforcement confirmed that the new record vastly surpasses the previous record set by New Jersey in August of $668 million…

In 1977 the Internal Revenue Service established a reporting threshold for slot jackpot winnings. Set at $1,200, that threshold has not been reviewed since. Industry leaders and government officials have made several requests to the Treasury and IRS to review the reporting threshold but, so far, no action has been seen. The Current Reporting Threshold…

There are some in the Kentucky legislature calling for a response to the decision regarding slot gaming made by the Kentucky Supreme Court on Thursday. This past week, the Court ruled in a unanimous decision that the Historical Horse Racing system, a lot-like gaming terminal, does not constitute pari-mutuel wagering. This decision overturns a 2018…

The Nebraska Supreme Court heard arguments both for and against allowing casino gambling in the state. Proponents and opponents appeared before the Court’s seven members to argue whether three different voter initiatives should appear on the state ballot. The initiatives seek to amend the state constitution to allow for casino gambling in the state’s racetracks….

Nevada saw a statewide gambling revenue increase for April and May of 2020 of just 1% over the same period in 2019. Casinos in the state took in only $5.44 million due to the Covid-19 related shutdowns and health regulations. However, Pennsylvania and New Jersey also closed down their respective casinos. Upon reopening, the two…

A new bill was introduced to Congress late last month seeks to end the practice of Greyhound racing altogether. Opponents of the sport are looking to close the racing tracks at two of West Virginia’s casinos and then take their fight national. The Greyhound Protection Act, or House Resolution 7826, would amend the Wire Act…

Wind Creek Bethlehem is the latest brick and mortar casino in Pennsylvania to join the growing number of legal online casinos in the Keystone State. Patrons can now access internet slots and table games from within the casino. On Thursday, Pala Interactive and Wind Creek Hospitality announced the launch of their new partnership and the…

International Game Technology and FanDuel, owned by Flutter Entertainment, announced early this week that they will broaden their sports betting and iGaming agreement to the entire United States. The agreement, set to run through 2024, means that the companies will feature each other’s platforms in all states in which they operate. IGT’s PlaySports technology will…

A $17.3 billion buyout has created the world’s largest casino company, after the deal was approved last Friday. On July 17, New Jersey gaming regulators issued approval for the merger Eldorado Resorts Inc. and Caesars Entertainment Corp. Now officials are examining the potential impacts of the deal, and how it could affect gaming in Atlantic…

On Wednesday, DraftKings made West Virginia the fourth state to have legal online and mobile casino gambling. In a press release on July 15, DraftKings announced the launch of their new mobile app, detailing what devices will be able to access the app, as well as what casino games will be offered. While the legislation…