GET DEMO

Daily Archives: September 16, 2024

3 days ago

Illinois regulator tightens wagering and casino advertising rules

Illinois regulators late last week became the latest to revamp advertising and marketing rules for sports betting and casinos. The move follows a trend in the US that regulators say aims to protect minors and those at-risk from potential harms.
The Illinois Gaming Board (IGB) on Thursday (12 September) voted in more strict measures around wagering, casino advertising and video gaming. The new guidelines mirror those in Massachusetts and Ohio. Those two states are recognised to be the most stringent when it comes to advertising and marketing.

The IGB previously did not have such guidelines for casino and video gaming.

The board voted the same day that two US lawmakers introduced legislation that would, in part, create national gambling advertising guidelines.

The overall document now seeks to consider digital sports betting and advertising. But the rules apply to the physical and digital worlds.

IGB CEO Marcus Fruchter said the new rules were designed to “include additional safeg..

Read more

3 days ago

US betting revenue round-up: New Illinois tax structure, Indiana, Iowa, West Virginia

Analysing some of the latest monthly sports betting reports in the US, iGB looks at how Illinois, Indiana, Iowa and West Virginia performed in July and August.
Starting in Illinois, July was the first month of new tax rules in Illinois. The previous 15% flat AGR rate was replaced by a sliding scale, ranging from 20% to 40%, depending on handle. Despite handle being down against June, operators paid $14.3m (£10.8m/€12.9m) in the state in taxes on $71.1m in adjusted gross revenue (AGR), as compared to $13.8m on $84.6m AGR.

Total player spending in July amounted to $774.1m. This is 8.7% lower than June but 26.7% ahead of July last year, according to the Illinois Gaming Board.

Online betting accounted for $753.6m of the total, with retail’s share at $20.5m for July.

Professional sports drew $769.6m of bets across online and retail during the month. Motor racing bets topped $1.4m, college sports $927,015 during the summer break and other events $1.8m.

Revenue-wise, for the entire state..

Read more

3 days ago

Weekend Report: Caesars launches retail betting in Maine; talk of Newfoundland casino

Welcome to the Weekend Report, where iGB looks at the news that you may have missed over Friday, Saturday and Sunday. This week, we cover Caesars launching in-person betting in Maine, reports of a new casino in Newfoundland and the start of SkyCity’s temporary closure in Auckland.
Caesars first to launch retail sports betting in Maine
First off, Caesars has become the first to operator to roll out retail sports betting in the state of Maine. The Portland-based Oddfellahs sportsbook officially opened on 13 September and is operating in partnership with First Tracks Investments.

Portland mayor Mark Dion placed the first ceremonial first bet at the site, which features self-service betting kiosks and a ticket window on-site. Cash deposits and withdrawals for Caesars Sportsbook mobile accounts is also available.

Online sports wagering with Caesars has been available in Maine since November of 2023.

Local mayor proposes new casino in Newfoundland
North of the border, reports of a poten..

Read more

Want To Keep Up To date with our latest news and information? Please enter your email address below to be added to our mailing list

Bookielink.com is operated by Intraseculink Ltd, Registration Number: HE356617, 176 Athalassas Avenue, Office 401, 2025, Strovolos, Nicosia, Cyprus. BLUEINIC B.V. with Registration number 140279 and registered address at Abraham Mendez Chumaceiro , Boulevard 50, is licensed under Antillephone N.V. ,holder of Gaming License #8048/JAZ of the Central Government of the Netherlands Antilles. BLUEINIC B.V. is licensed and regulated in virtue of license number #8048/JAZ2016-030 granted by the Government of Curaçao to BLUEINIC B.V. The license was issued on ‎08-06-2016.

Bookielink.com © 2024 All rights reserved.