Daily Archives: October 16, 2024

Tribes: Sweepstakes the latest threat to sovereignty, exclusivity

Angry and concerned that sweepstakes operators are another existential threat to sovereignty and gaming exclusivity, Indian Country is gearing up for a fight.
“This falls squarely on the tribes again,” Victor Rocha, editor of Pechanga.net, said during his weekly webinar on Wednesday (16 October). “If they don’t react, no one will. We thought it was over, but here we go again. We’re not saying you can’t come into California, we’re just saying that you have to do it through the tribes.

“We will take on that fight anytime, anywhere, anyhow. It’s brand new, it’s right on our platter and we’ll address it.”

Rocha, who hosts the ‘New Normal’, was joined by California Nations Indian Gaming Association (CNIGA) chairman James Siva and National Indian Gaming Commission (NIGC) executive director Jason Giles. A week removed from the Global Gaming Expo (G2E) where sweepstakes were the talk of the industry, Rocha opened by sharing his anger and frustration that another group of “unlicensed” and “..

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Massachusetts sets betting handle and revenue records in September

The Massachusetts Gaming Commission (MGC) reported record sports betting handle and revenue during September, with the Bay State posting year-on-year growth across both its online and retail segments.
During September, handle in Massachusetts hit $678.7m (£519.1m/€623.1m). This is a new monthly high for the state, surpassing the existing record of $658.7m set in December last year.

The September number is up from $512.2m in September last year, according to the MGC, and ahead of the August handle of $447.3m. Online spend amounted to $667.7m, with retail sportsbooks processing $11.1m.

As for revenue, this amounted to $73.5m, surpassing January’s previous $71.1m record. It also beat last September by 47.6% and August by 120.7%.

Online betting contributed $72.2m to the revenue total, while $1.3m came from the retail sector.

In terms of hold, the state-wide figure for Massachusetts during September was 10.83%, based off taxable revenue. The state collected $14.6m in tax, with almost ..

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Arizona sports betting market up YoY, but down against June

Arizona endured a somewhat mixed month in July as both handle and revenue were higher year-on-year in the Grand Canyon State, but the market shrank month-on-month.
Players wagered $410.1m (£313.7m/€376.6m). This is up against $323.2m July last year but down against $454.1m June this year. Of the July handle, $404.8m was spent betting online and $5.4m at retail sportsbooks.

The Arizona Department of Gaming (ADoG) also reported $41.5m in adjusted gross revenue prior to free bets. After deducting $12.5m in promotional wagers, this left $29.0m in adjusted gross revenue.

Monthly revenue beat July last year by 8.2% but, coincidentally, also fell 8.2% short of June’s total. This amount includes $28.7m in online betting revenue and $283,928 from the retail sector. Sportsbooks paid the state a total of $2.9m in taxes. Digital revenue is taxed at 10% and retail revenue is taxed at 8%.

This meant Arizona had a state-wide hold of 7.07% for the month.

DraftKings retains the lead in Arizona
Brea..

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