Earnings from the regulated US sports betting market could be over $3 billion for 2021. This according to a report from VIXIO Gambling Compliance. The same report estimates that up to 14 additional states regulating the activity this year, and that the market could generate over $10 billion by 2026. Their report comes as New York Governor Andrew Cuomo changes course on his opposition to mobile sports gambling, opening the door for the regulation of the lucrative market there. It also could take a significant share out of New Jersey’s betting market. Sara Slane, former official with the American Gaming…

Half of all the states in America now regulate betting on sports, and more are sure to follow. This week we look at the gambling news of US sports betting as it continues to grow and shatter records! Hello players! Thanks for joining me on This Week in Gambling. I hope everyone had a wonderful Thanksgiving, and if you have any room for leftovers we’ve got a full plate of sports betting news to cover from seven different states! So let’s get right into it with this week’s big stories! A few weeks ago we spoke about sports betting in…

When a sports book in Costa Rica paid off over $46 million to the US Department of Justice, something seemed wrong. After all, what possible motivation would there be when they operate outside of American jurisdiction? Then, the “ah ha” moment! Their eyes were on the prize: A 5Dimes US market entry! The operator agreed to pay $46.8 million in a settlement with the DoJ following an investigation that the operator illegally targeting American customers. Shortly afterward, they announced plans to enter the regulated US sports betting market. In addition, it explained the decision to block US customers, effective 25…

The war for US sports betting domination has begun, and with over $150 billion in annual revenue up for grabs the stakes are high. This week the first shots were fired in what is sure to be a long and hard fought battle.   Hello my friends! Thanks so much for streaming another edition of This Week in Gambling, where the battle for sports betting supremacy in America has begun… and that is this week’s big story! Betting on sports is now legal in 22 states and the District of Columbia. Plus, another seven states are currently considering regulating the…

Most have noticed the rapid expansion of US sports betting over the past year or so, but few Americans have paid attention to the turmoil the industry is facing in the United Kingdom. Recently, Britain’s National Health Service joined the growing chorus of anti-gambling rhetoric there, and bookmakers in this country would be wise to take notice. In a letter sent to five of the largest UK operators, the head of National Health Service (NHS) in England said the link between betting and mental illness was “increasingly clear.” She called for an end to free bets, saying they drew people…

Speaking at the East Coast Gaming Congress in New Jersey, a panel of gambling and tech executives recently theorized that 90% of US sports betting will be done over mobile phones and the internet somewhere between the next five to 10 years. Since winning a U.S. Supreme Court case last year, New Jersey has taken in nearly $3 billion in sports bets with about 80% of those placed online. That is only expected to rise over the next decade. Moti Malul, CEO of NeoGames, a global provider of internet lottery and gambling technology, predicted “90-plus percent” of all U.S. sports…