Category: Online Gambling Stories
Sports Bets in New York Generate $540 Million
Even though sports bets in New York state have only been up and running since early January of this year, operators there have still handled over $13 billion in bets. Those numbers translate to a cool $542 million in tax revenue that the state would not have otherwise had. Those number do not reflect the total revenue generated, however, as the state was also able to collect $200 million in licensing fees from operators. And numbers from GeoComply indicate that over 11million players have registered betting accounts, conducting just short of one billion transactions. New York Governor Kathy Hochul commented…
Streak Continues for Nevada Gaming Revenue
It may seem like old news at this point, but for what it’s worth Nevada gaming revenue was over a billion dollars again in September. This reported by the state Gaming Control Board. And according to our calculations that makes the 19th month in a row that the state has hauled in a billion bucks. The “hot streak” following the closures for the Coronavirus pandemic have been nothing short of amazing. And this September also out performed last September, when gaming in the state “only” brought in $1.16 billion in revenue. It’s all perspective, really. The numbers for September came…
Benefits of Playing Online Games
Online games are a great way to pass the time and have fun with friends. The internet has many different types of games available, including simple ones like chess or checkers and more complex ones like card games and video games. There are also some great benefits of playing online games that people may not be aware of! In this post, we’ll look at five reasons why you should play online games today: Improves decision-making The ability to make good decisions is a skill that we use every day. It’s useful in the classroom, and it’s important for parents when…
What Great Online Casinos Look Like
Players have a wide selection of websites to join and play at now that so many different online casinos are available. Operators of online casinos allocate a portion of their resources to marketing and promotion to draw in the desired demographic, outperform the competition, and claim the most excellent online casino title. These expenditures are unquestionably profitable. A player’s choice of casino is affected by many things, like what they see when they open the website for the first time. The steps must be to sign up and make a deposit, the bonuses offered, the games they can play and…
Will the Online Gambling Industry Ever Lose its Stigma?
What connects the online gambling industry with the alcohol and tobacco industries? The answer is, they all have a certain amount of stigma attached to them. And that’s something that online casinos have been working hard to address. Gambling should be fun Gambling is all about entertainment, but it needs to be approached in a responsible way. There are lots of online casino games that can be played just for fun, so there’s no financial risk involved. Most online casinos offer the chance to try out games in demo mode, while social casino gaming is only played using virtual tokens…
US Gambling Makes Nearly $5 Billion in August
It’s been an amazing run for US gambling revenue, with Nevada on a streak of billion dollar months. We just reported that New Jersey is showing increased profits from last year to this year. So it should be no surprise that the country as a whole is raking in record gaming profits. Numbers provided by the American Gaming Association and their Commercial Gaming Revenue Tracker show that, as a whole, US gambling generated $4.9 billion in the month of August. It was also the 18th consecutive month that gaming revenue in America showed growth from the year before. This despite…