With revenues of more than $40 billion and taxes paid in excess of $9 billion, 2017 was a record year for the commercial casino industry in the US.
Problem gambling groups are taking things too far by calling for McDonald’s restaurants to stop putting a Super Mario slot machine toy in its Happy Meals.
Perhaps the reason states are in no rush to launch mobile sports betting is lingering concerns about federal money laundering issues.
Sports betting has become a hot topic, but online gambling is the most lucrative and logical tax revenue source.
As college sports betting talks heat up, the NCAA is creating a group of experts to look into officiating, rules and regulations, laws, and more.
It looked like Congress was going to talk sports betting, but a busy calendar pushed the hearing on wagering back on the calendar.
United States Senator Orrin Hatch says the Supreme Court decision allowing states to legalize sports betting could open up sports to corruption and Congress needs to act to protect its integrity.
While leagues and state lawmakers lobby for bigger pieces of the sports betting pie, the American Gambling Association (AGA) wants the federal wagering tax cut.
International internet gambling software developer and content supplier GAN has raised $10 million it plans to use to go after the ever-expanding US online and sports gambling markets.
After years of ardently fighting against sports betting, all it took was a single Supreme Court decision for the NCAA to completely change its tune about wagering.