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Arkansas, news

Arkansas’ Gambling Industry is Surging Right Now

Nickolas BransonBy Nickolas Branson

Arkansas FlagArkansas just recently began legalizing and regulating casino gambling. According to new reports, the casinos operating here are a major success. Arkansas’ gambling industry is surging right now and many companies are attempting to break into the market.

It’s great news for the state government, which is earning millions of dollars through taxes. Today, we’re going to look at the history of Arkansas’ gambling industry and talk about how much it’s grown.

Let’s get into it!

The Road to Casino Legalization in Arkansas

For decades, Arkansas took a hardline stance on the gambling industry. No casinos were allowed to operate here and those caught gambling were subject to harsh penalties. In November of 2018, this all changed.

That month, voters here approved Issue 4, a constitutional amendment that allows for four casinos to open in the state. It was a surprise for many, as voters here had previously worked hard to keep legal gambling options away. Certain lawmakers attempted to challenge Issue 4 court yet ultimately the amendment was made.

Before long, casino companies began pushing operating here. There are now three casinos in the state. Oaklawn Racing Casino Resort in Hot Springs, Saracen Casino Resort in Pine Bluffs, and Southland Casino Racing in West Memphis. They quickly grew popular with locals and tourists.

The Saracen Casino Resort has just recently begun operating. Before opening to the public, this casino flirted with the idea of banning smoking. Ultimately, this idea was scrapped.

As we’ve already mentioned, several companies have expressed an interest in opening a gambling venue in this state. It’s clear that people see the potential in Arkansas’ gambling market.

Arkansas’ Gambling Industry Continues to Grow

The casinos currently operating in Arkansas are generating serious revenue right now. It’s likely that many more gambling venues will begin operating here over the next few years. Earlier this month, one of the biggest Native American tribes in Oklahoma began pushing to open a casino in this state.

New reports indicate that the Oklahoma-based Cherokee Nation has officially filed an application to begin operating a casino in Arkansas. If all goes to plan, this venue will open in either Russellville or Dover.

The state’s gambling commission will now review this application. In the past, several cities have seen their applications to open a casino rejected. It’s unclear whether or not Arkansas will allow a tribe from another state to start operating a casino here.

Arkansas’ gambling industry broke records in October. That month, casinos generated an impressive $554.4 million. John Shelnutt, the state’s chief economic forecaster John Shelnutt, the state’s chief economic forecaster, claims that October’s revenue report shows “very good growth across all the sectors. We’ll just have to see if it continues at this rate,” he said.

Sports Betting in Arkansas is Also Generating Serious Revenue

Arkansas’ gambling industry is one of the most unique in the country. Just a few years ago, almost no forms of gambling were allowed here. Now, both casino gambling and sports betting are available in the state.

Lawmakers here approved a sports betting bill in mid-2019. In July, the first legal sports wager was placed here inside the Oaklawn Racing Casino Resort.

Unfortunately, mobile sports betting is not allowed here. Bets must be placed in-person at a licensed casino.

Revenue from the state’s sports betting industry has been increasing steadily over the past few months. Arkansas is one of just a few states that does not release its exact sports gambling revenue figures. Based on numerous reports, however, it’s increasing significantly.

Arkansas’ gambling industry is one of the newest in the country. Amazingly, it’s already growing bigger than some others that have been around for years.

Stay tuned for more US casino news over the next few months!

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Casino, news, Virginia

Hard Rock May Operate a Casino in Bristol, VA

Nickolas BransonBy Nickolas Branson

Earlier this year, lawmakers in Virginia officially approved a plan to expand the state’s gambling industry. Almost immediately afterward, many of the top US casino companies began pushing to open a casino here. News has just come out that Hard Rock International may soon operate a casino in Bristol, VA.Hard Rock Logo

Virginia could establish a strong casino market on the East Coast. Having Hard Rock running casinos here is a great first step. Here’s what we know about these plans.

Virginia Allows More Casinos to Open Up

Virginia isn’t necessarily thought of as a gambling-friendly state. It’s unfortunate, as many lawmakers have continued to push for the legalization of casinos here. The first real attempts came in 1995 when state officials began pushing to open riverboat casinos.

These efforts were all unsuccessful. Another push to open these gambling venues came in 2013. Once again, no bills managed to make it onto the casino floor. Officials tried to convince state politicians that Virginians are gambling in Maryland, which is benefiting the most through taxes.

Finally, things took a turn. In March, legislators in Virginia approved a bill to allow commercial casinos in the state. Several cities are now lobbying to gain approval to open a casino.

Bristol is one city that’s ready to welcome a gambling venue. Randy Eads, city manager of Bristol, commented on the idea of opening a casino to the media this week.

“I cannot think of a better place for Hard Rock Casino to be than here in Bristol, Virginia,” Eads said. “Hard Rock is synonymous with music. With our storied history of music here in Bristol, to have a new partner aligned with the music industry like Hard Rock is, I cannot think of a more exciting time to be in the city of Bristol.”

Hard Rock is Open to Running a Casino in Bristol, VA

Hard Rock International is one of the fastest-growing casino companies in the US. The Seminole Tribe-owned company now has casinos in many states including Nevada, Mississippi, New Jersey, and Oklahoma, among others. It seems that Hard Rock is now open to running the proposed casino in Bristol, VA.

Proponents of this casino recently met with officials at Hard Rock International. According to reports, this meeting was successful.

“Hard Rock’s iconic brand speaks to its deep roots in live music entertainment and world-class memorabilia collection, which will play a prominent role at Hard Rock Casino Bristol. This focus on music will complement our region’s country music heritage and dynamic music scene in the Twin City,” said Jim McGlothlin, CEO of The United Company and a co-partner on the Bristol resort and casino development.

At the same time, Hard Rock is investing $300 million into a new land-based casino in Gary, Indiana. The company is also preparing to open a gambling venue in Rockford, Illinois.

The casino in Bristol, VA, has not been officially approved. It seems likely that state officials will give it the green light within the next few months. It’s an exciting time for gambling fans in this state.

Virginia Isn’t Quite Ready to Legalize Sports Betting

Lawmakers in Virginia are just beginning to embrace the gambling industry. Unfortunately, they don’t seem ready to start regulating sports betting. A bill was presented here that would legalize this form of wagering, yet it hasn’t made much progress in the state legislature.

This is frustrating for many individuals who believe the state would benefit massively from the legalization of this industry. Today, 20 states have officially legalized sports gambling. Most of them are earning millions of dollars every month by taxing this industry.

There’s a chance that sports betting in Virginia could be legalized in 2020, though. House Bill 4 is currently being reviewed by state lawmakers. Specific details of this bill are being withheld.

In order for it to be legalized, cities would need to officially approve this bill. Voters will also need to approve the legalization of sports betting on the 2020 ballot.

Stay tuned for more news on the casino in Bristol, VA over the next few months!

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Atlantic City, news

Atlantic City Casino Revenue Increases Massively in Q3

James MurrayBy James Murray

Over the past year, Atlantic City has grown to become one of the most profitable gambling hubs in the country. New reports show that Atlantic City casino revenue increased massively in 2019’s third quarter. It’s fantastic news for the state and casino companies operating here.

Atlantic City Sign

Both sports betting and casino gambling continues to generate revenue here. Let’s take a look at exactly how much money the city’s gambling industry managed to generate over the past several months.

New Reports Show Atlantic City Casino Revenue is Increasing

You can’t cover the US casino industry without talking about Atlantic City. Decades ago, this was one of the most profitable gambling markets in the world. Unfortunately, the recession took a major toll on this city and it seemed on the brink of collapse.

Recently, however, things have improved dramatically. Revenue in this city has continued to increase for almost all of 2019. There are a few major reasons why this is.

The legalization of sports betting is certainly helping. New Jersey made sports gambling legal in May of 2018. Every casino in the state now operates a sportsbook. It’s helped to generate millions of dollars for the state government via taxes. New Jersey now has the most profitable sports betting market in the world.

New reports show that Atlantic City casino revenue increased massively during this year’s third quarter. Gross profit for the three months increased to $26.5 million, representing a 12.5% increase from the same time period in 2018. Atlantic City’s nine casinos generated $928.9 million in net revenue.

Things are looking very good here. Based on the way things are going, this will be the best year in the city’s history.

Which Casinos Generated the Most Money in Q3?

July, August, and September are all popular gambling months. It’s not a huge surprise to see so much money flowing into the casinos during this quarter. Some casinos managed to earn considerably more than others, though.

Borgata Casino generated the most money. It’s the most popular casino in the city and blew all of its competitors out of the water. In total, this gambling venue brought in $210,141,863. Hard Rock Atlantic City brought in the second-most money at $106,663,788.

These properties have reason to celebrate. James T. Plousis, Casino Control Commission Chairman in NJ, states that non-gambling amenities in the city proved successful last quarter, too.

“Positive trends also continued with important tourism indicators,” he said. “Non-gaming amenities continue to create a competitive advantage, and visitors like the diverse dining, entertainment and leisure activities that Atlantic City has to offer.”

Just about every casino had a solid few months. Things are obviously slowing down as winter approaches yet many are still generating more money than they did last year.

Sports Betting Revenue Surges in AC, As Well

There’s never been a better time to be a sports fan in Atlantic City. Sportsbooks in this city are continuing to improve. Both online and land-based sports gambling is legal here. For almost all of 2019, revenue from this industry has increased.

In October, sports betting helped to increase gambling revenue in this city to $266.23 million. Statewide, sports bettors here placed $487.9 million in legal sports wagers last month. 85% of these bets were placed online.

Altogether, more than $3.5 billion has been spent on sports bets in this state.

“New Jersey sportsbooks have surpassed Nevada’s in recent months, and it continues to show significant promise for the gaming industry,” said Steve Callender, president of the Casino Association of New Jersey and senior vice president of operations for the East Region of Tropicana Atlantic City’s parent company, Eldorado Resorts Inc.“We are optimistic as we approach the end of this year that we will finish 2019 out in a strong position.”

Atlantic City casino revenue and sports betting revenue continue to increase. This city has the potential to become the country’s true gambling center.

Stay tuned for more Atlantic City gambling news over the next few months!

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Gambling Laws, Georgia, news

Lawmakers Discuss Gambling Regulations in Georgia

James MurrayBy James Murray

To say that Georgia is not a gambling-friendly state is an understatement. It has some of the strictest laws towards the gambling laws of almost any other state in the country. Surprisingly, lawmakers are discussing whether or not to change the current set of gambling regulations in Georgia.

Georgia State Flag

It’s extremely exciting news for gambling fans here. Now is the perfect time to look at the current laws here, and discuss how they could change in the future. Let’s get into it!

Gambling Laws in Georgia, Explained

As we’ve already mentioned, Georgia has some of the most restrictive laws in the country when it comes to gambling. The first real set of regulations here came in 1878. That year, lawmakers in the country decided to ban the sale of lottery tickets.

Things haven’t improved much since then. For a brief time, gambling fans found a legal loophole that allowed making wagers through online poker machines. State officials quickly created legislation that made this form of gambling illegal.

In 1993, the state finally decided to create an official lottery. It’s tightly regulated, though.

A bill to legalize casinos was nearly passed here in 2012. Unfortunately, lawmakers eventually decided to shut it down. Today, traditional casino gambling remains illegal. Only cruise ships that take gamblers into international waters are available here. Amazingly, a committee was formed here to begin studying the gambling industry in April of this year.

In May of 2018, the US Supreme Court struck down PASPA, giving every state the option to legalize sports gambling. For many months, officials in Georgia seemed uninterested in making this form of gambling legal. This now appears to be changing.

Lawmakers are now meeting to talk about the current set of gambling regulations in Georgia.

Officials May Soon Change Gambling Regulations in Georgia

Earlier this month, several of Georgia’s biggest sports teams officially voiced their support for the legalization of sports gambling. The Presidents of the Atlanta Braves, Atlanta Falcons, and Atlanta Hawks all officially support these plans.

Interestingly, lawmakers are beginning to warm up to the idea of expanding gambling regulations in Georgia. These officials are now taking their show to the road. A house committee officially held a meeting in Valdosta, talking about tax revenue.

The goal is to educate residents here on the ways that expanded gambling operations could benefit the state. Many of these lawmakers believe that opening the state’s casino, sports betting, and horse racing market could help bring money to the state’s HOPE scholarship program. Today was the first meeting of the entire tour.

State Representative Brett Harrell commented on the discussion on gambling regulations in Georgia to the media today.

“Our intent is to ask the citizens, ‘Do you support inviting this industry to Georgia?’” he said. “If the answer is yes, how do you want us to enable this industry to come to Georgia so you all get your piece of the pie?”

As of now, it’s unlikely that any small cities such as Valdosta will receive a casino. Larger cities may have the ability to open one if the state changes its laws. We’ll need to wait and see how lawmakers feel about the possible changes.

More States Continue to Legalize Sports Betting

Georgia may not be completely on-board with legalizing sports betting yet. Many other states, however, are currently working to legalize this form of gambling. Several states have recently passed bills to legalize this industry and will soon begin offering odds on sporting events taking place around the world.

On November 5th, Colorado officially approved a sports betting bill. It allows for both in-person and online betting. The first bets will become available here sometime in 2020.

Many believe that in time, every state in the country will choose to legalize this industry. California seems likely to do so over the next year or two. This state is the most populous in the country. The state government would likely earn millions of dollars every single month with sports betting legalization.

Many lawmakers are beginning to realize how much money can be earned from this industry. It’s a great time to be a sports fan in this country.

Gambling regulations in Georgia could soon change. Hopefully, both casino gambling and sports betting will become available here.

Stay tuned for more updates over the next few months!

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news, Sports Betting

Atlantic City Wants a Piece of NJ’s Sports Betting Revenue

James MurrayBy James Murray

New Jersey has one of the most lucrative sports betting markets in the country. Recently, the Mayor of Atlantic City called for a cut of NJ’s sports betting revenue. It’s here that most sports betting operations take place, after all.

Mayor Marty Small Sr

Sports betting is extremely popular in New Jersey. It’s helping to bring the state millions of dollars every single month. Let’s look at what exactly Atlantic City is now asking for.

Sports Betting in New Jersey Continues to Grow

New Jersey was instrumental in getting the US Supreme Court to strike down PASPA. Lawmakers here accomplished this goal in May of 2018, and shortly after officially approved a bill to legalize both online and land-based sports betting. Before long, every casino in Atlantic City began operating a land-based sportsbook.

These casinos also teamed up with major online sports betting companies to operate their internet sports betting platforms. Now, all Atlantic City casinos have an online sportsbook, too. Over the past year and a half, NJ’s sports betting revenue has increased dramatically.

In fact, for almost all of 2019, sports betting revenue has increased in this state. Certain gambling venues are known to generate more sports gambling winnings. Resorts Atlantic City is well-known for earning the most betting revenue in the city.

Not long ago, New Jersey earned more sports betting revenue than Nevada. It was the first time in history that this happened.

The state is certainly happy with these revenue earnings. Officials within Atlantic City now want their piece of the pie.

Mayor Marty Small Sr. Wants a Cut of NJ’s Sports Betting Revenue

As of now, New Jersey has earned more than $33 million through taxes on the state’s sports betting industry. That’s an impressive figure considering how new this industry really is. Now, the Mayor of Atlantic City is requesting a piece of this revenue.

Mayor Marty Small Sr. has officially asked for a direct cut of NJ’s sports betting revenue. He claims that Atlantic City played a major part in the success of this industry. He wants to see Atlantic City given more power to control the money earned from regulated sports gambling.

“In 14 months, New Jersey has overtaken Las Vegas as the No. 1 sports betting destination, and a lot of it has to with the success of Atlantic City and online,” Marty Small Sr. said. “But we don’t get one penny. … That’s unacceptable.”

The mayor wants to see this sports betting revenue used for property tax relief.

“My first, and foremost goal, as it was as council president and will continue to be as mayor, is more rateables for the city and more revenue streams to offset our taxes,” he said. 

This is certainly a reasonable request. Atlantic City is no stranger to economic hard times. Better control over NJ’s sports betting revenue would help this city in a major way.

September Proves Massively Successful for NJ Sports Betting Operators

It’s no secret that sports betting revenue has been steadily increasing in this city. This is particularly true now that the 2019/2020 NFL season is in full swing. September proved to be the most successful month for the state’s sports betting operators in history.

According to multiple reports, gamblers in the state wagered more than $445 million on sports in September. It’s the most money ever wagered in this state.

Online sports wagers brought in $41.1 million for casinos in September.

James Plousis, chairman of the New Jersey Casino Control Commission, recently commented on this revenue increase to the media.

“While operators continue to face strong competition for gaming and leisure customers, the increase in total gaming revenue shows the industry has grown for the betterment of both Atlantic City and New Jersey as a whole,” he said.

Mayor Marty Small Sr. is pleading his case. We’ll need to wait and see whether or not lawmakers decide to grant Atlantic City a larger share of NJ’s sports betting revenue.

Stay tuned for more updates over the next few months!

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Uncategorized

Colorado’s Sports Betting Industry is Now Officially Legal

Nickolas BransonBy Nickolas Branson
  • Colorado residents officially took to the voting booths this week
  • Proposition DD to legalize sports betting was introduced
  • Voters officially decided to legalize Colorado’s sports betting industry

Over the past year and a half, a huge number of states have begun taking a closer look at their sports gambling regulations. Many are beginning to see the huge potential for revenue earnings from this industry. This week, Colorado’s sports betting industry was officially legalized after a public vote on the subject.

Sports Betting

It’s fantastic news for sports fans all over the state. Soon, both land-based and online sports gambling options will be available here. Let’s look at how this all came about.

PASPA’s Removal Opens Door to Legal Sports Betting

For many years, only Nevada was legally able to offer sports gambling options to residents. This was due to the Professional and Amateur Sports Protection Act, which was intended to protect sports integrity. It was thought that limiting sports betting options around the country would help keep sports fair.

Many have voiced their objections with PASPA over the years. Finally, after a strong push from New Jersey, a change was made. In May of 2018, the US Supreme Court officially removed this set of laws. Just like that, every state had the ability to set its own laws on the sports gambling industry.

Many states immediately began presenting bills to change their laws on this form of gambling. New Jersey was one of the first states after Nevada to legalize sports betting. Delaware, Mississippi and New Mexico followed soon after.

Today, almost every state in the country has presented legislation to open their sports gambling markets. Several major Senators have voiced their support for this industry. Even states that were previously known for their harsh laws on the gambling industry are beginning to embrace sports gambling.

20 states have now officially legalized this industry. Colorado’s sports betting industry was the most recent to become legal. It was officially passed this week by a very slim margin.

Colorado’s Sports Betting Industry is Approved By Voters

Colorado is well-known for having an extremely passionate sports fan base. The Rockies, Broncos, and Avalanche all call this state home. Since 2018, there have been many calls to finally make sports gambling legal here.

Several bills were presented. Finally, Proposition DD made its way to a public vote. If approved by state residents, Colorado’s sports betting industry would officially be made legal.

Voters ultimately decided to approve this proposition. It was passed by a very slim margin, though. 50.8% of voters agreed that sports gambling should be made legal. The other 49.2% went the other way. Regardless of how close the vote was, sports betting is now officially legal in Colorado.

Under this bill, both land-based and online sports gambling are legal. Wagering on sports on land can only be done inside a brick and mortar casino. Online sports betting platforms can only be operated by companies running a land-based casino in Colorado.

With Colorado’s sports betting industry now legalized, many expected they could immediately start placing wagers on their favorite teams. This is not the case. Here’s when these options will officially become available.

When Will Sports Betting Options Become Available in Colorado?

If you were expecting to be able to drive down to your local casino and throw money down on the Broncos this week, you’re out of luck. There is still time needed for lawmakers to set specific regulations on this industry. Sports betting licenses will also need to be handed out.

Colorado’s sports betting industry will officially go live on May 1st of 2020. This wipes out any hopes of placing some wagers on this season’s Super Bowl.

Fortunately, there’s a date set. Soon, a huge number of fantastic sports gambling options will become available to residents in this state.

Soon, almost every state in the country is likely to have legal sports betting options up and running. Analysts recently predicted that the US sports betting market would generate between $6-8 billion annually by 2025. It will become the world’s largest sports gambling hub.

In less than six months, Colorado’s sports betting industry will be live. We’ll need to wait and see exactly how this state’s betting revenue compares to the others.

Stay tuned for more updates over the next few months!

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news, Sports Betting

US Sports Betting Industry Set to Generate Billions Over the Next Few Years

Nickolas BransonBy Nickolas Branson

The US gambling market is considered by many to be the most lucrative in the world. This is especially true now that sports betting is legal in many states. New reports indicate that the US sports betting industry will grow significantly over the next several years.

Hundred Dollar Bills

This proves just how quickly sports gambling is growing throughout the country. Today, we’ll look at which states currently allow sports betting and which ones are likely to legalize this form of wagering in the near future.

Nearly 20 States Have Now Legalized Sports Gambling

In May of 2018, the US Supreme Court struck down PASPA, a set of laws that limited sports betting to Nevada. With PASPA gone, every state in the country now has the ability to set laws on the sports betting industry. Almost immediately, a huge number of states began regulating this industry.

New Jersey was the first state outside of Nevada to officially legalize sports gambling. It proved to be a fantastic decision. The state’s sports betting market is now the most lucrative in the country. On several occasions this year, New Jersey’s sports betting market has generated more revenue than Las Vegas’.

New York, Pennsylvania, Mississippi, and more states all enjoy a regulated sports betting market. In most of these states, both online and land-based sports gambling is allowed.

Many states have also taken steps to legalize sports betting, yet have not yet launched any sports betting operations. Montana, Tennessee, and Illinois all fit into this category. Hope is that these states will launch their sportsbooks before the end of the year.

It seems likely that in time, every state will legalize sports gambling. Lawmakers across the country realize the massive earning potential from this industry.

New reports shed light on just how quickly the US sports betting industry is growing.

US Sports Betting Industry is Growing Faster than Many Predicted

Everyone knew that sports betting was popular in the US. Not many predicted it would be growing as quickly as it is right now, though. Reports are surfacing that indicate the US sports betting industry will start generating billions of dollars by 2025.

Several investors and sports betting companies made this prediction public this week. Morgan Stanley, one of the top US investment firms, predicts that the industry will generate $7 billion over the next five years, significantly more than the $833 generated this so far this year.

This is still significantly less than what casinos in the US generate every year. It’s still a major revenue increase, though.

Several other companies including MGM Resorts, Hard Rock International, and Mohegan Sun all predict that the industry will generate between $6 to $8 billion by 2025. Many are quick to point out that competition is growing and some sports gambling operators will ultimately fail.

Scott Butera, president of interacting gaming for MGM Resorts International, commented on the competitive nature of the US sports betting industry to the media this week.

“It is a growing market here in terms of revenue but it’s a very tough market,” he said. “Everybody wants to be here. Ultimately I think we’ll see some shaking out. I’ll take the over on $8 billion.”

More States Will Soon Legalize Sports Betting

There’s never been a better time to be a sports fan in the US. As we’ve already mentioned, a huge number of states have outright legalized sports gambling. Soon, many more states are likely to start regulating this industry, as well.

Many believe that California will eventually choose to regulate its sports betting market. California is home to a huge number of tribal casinos. These gambling venues help to generate massive revenue for the state every year. Sports betting would increase this revenue substantially.

At the moment, there are several fantastic betting sites that are available in every single US state. These websites are not regulated by state governments, yet most are well-known for being extremely safe and offer a wide range of both sports gambling and online casino gaming options.

This site has grown extremely popular over the past five years. It allows members to wager on thousands of different sporting events every single month. Feel free to check it out today.

The US sports betting industry is growing bigger every single day. If predictions are correct, this industry will begin generating billions of dollars within just a few years.

Stay tuned for more US gambling news over the next few weeks!

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Atlantic City, Casino, news

Atlantic City’s Ocean Casino is Making a Serious Comeback

Nickolas BransonBy Nickolas Branson

Atlantic City is now considered one of the premier destinations in the United States. For years, Ocean Casino has been considered one of the worst gambling venues in the city. Recently, however, this hotel-casino has been posting some impressive revenue figures.

View Over Atlantic City

Owners of this venue are insisting that they’re not going anywhere. Today, we’re going to take a quick look into Ocean Casino’s recent revenue surge. Let’s get into it!

Atlantic City Continues to Bring in Major Revenue

About a year ago, Atlantic City was struggling to bring in any visitors. The recession had taken a major toll on this city and many of the top casinos here were forced to close down. Some felt that the city’s gambling industry was permanently destroyed.

Fortunately, this was not the case. Over the past decade, this city has slowly recovered. There are now many casinos here, most of which are bringing in massive revenue figures every single month. Some attribute this recovery to the city’s legalization of sports betting.

New Jersey was instrumental in getting PASPA struck down. It was the first state aside from Nevada to make sports betting legal. This form of gambling has become extremely popular here and attracts many visitors from states such as New York and Massachusetts.

For almost all of 2019, gambling revenue has increased in this city. Some of these casinos have managed to stand out from the rest of the pack. The Borgata Hotel & Casino, in particular, brings in millions more than any other gambling venue every single month.

Ocean Casino is consistently one of the lowest-earnings gambling venues in Atlantic City. Recently, it’s begun to make a comeback.

Ocean Casino Beings to Generate More Revenue

As we just mentioned, Ocean Casino is one of Atlantic City’s poorest-performing gambling venues. Almost every single month, this hotel-casino makes less than all others in the city. Over the past three months, however, it’s experienced a surge in gambling revenue. Owners are claiming that it’s a trend that will continue.

This establishment has seen double-digit revenue increases in July, August, and September. It appears that October’s revenue increased massively as well. Some are beginning to wonder if this venue will become one of Atlantic City’s next major casino resorts.

Mike Donovan, senior vice president and chief marketing officer of Ocean Casino, commented on these revenue figures to the media this week.

“If you look at our numbers, they speak for themselves,” he said. “We’re going to keep doing what we’re doing and build on the success that we’ve had this year. Ocean is going to be here for a long time.”

It’s amazing news for owners of this casino. There’s a lot to be excited about.

This year, Atlantic City and Las Vegas have been competing over sports betting revenue. How’s this battle playing out?

Atlantic City Now Considered Sports Betting Capital of the US

Sports betting has been legal in New Jersey for more than a year. Today, every casino in this state offers sports betting odds. These casinos also operate online casinos which help to generate a huge amount of money every single month.

This summer, New Jersey surpassed Las Vegas’ sports betting revenue. It was a historic moment, leading many to wonder what the future of the US gambling industry would look like.

Some of the top gambling analysts in the country now believe Atlantic City to be the US sports betting capital. That’s tough to argue against, as revenue here continues to increase almost every single month. Even Ocean Casino is generating serious money from its sports gambling operations.

Hope is that sports betting helps to keep Ocean Casino’s operations up and running. It’s a fantastic casino and one that’s working hard to compete with the city’s big dogs.

Stay tuned for more Atlantic City gambling news over the next few weeks!

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news, Sports Betting

Yahoo Sports and MGM Resorts Sign New Partnership Deal

James MurrayBy James Murray

One of the biggest casino companies in the United States has just signed a major partnership deal. According to multiple reports, Yahoo Sports and MGM Resorts have agreed to a sports betting collaboration. It’s extremely exciting news for both companies.

Yahoo Sports Logo

Today, we’ll be looking at the details of this new deal. We’ll also look at the US sports betting industry’s expansion. Let’s get into it!

MGM Resorts Recently Sold Las Vegas Strip Properties

MGM Resorts has recently been looking for new ways to generate revenue. Months ago, officials announced that they were interested in selling some of the company’s major Las Vegas properties. Then, earlier this month, MGM Resorts announced that it had sold The Bellagio and Circus Circus.

The latter was sold to Phil Ruffin, owner of Treasure Island. Ruffin purchased this property for an astounding $825 million. It’s unclear exactly what plans the executive has for this popular venue. Hopefully, he renovates and expands this hotel-casino.

MGM also made history by selling The Bellagio to the Blackstone Group. It cost Blackstone $4.2 billion, the largest of any casino-resort sale in Las Vegas history. Blackstone will soon begin leasing the property back to MGM Resorts for $245 per year.

Back in May of 2018, the US Supreme Court struck down PASPA. Now, every state in the country can set laws on sports betting. Nearly 20 states have outright legalized this form of wagering. MGM Resorts International quickly began working on ways to capitalize on the emerging US sports gambling industry.

Officials revealed their new online sports betting platform, called BetMGM, earlier this year. This week, Yahoo Sport and MGM Resorts signed a new deal to help promote this platform.

Yahoo Sports and MGM Resorts Officially Partner Up

Yahoo Sports’ app has a massive user base. It looks like MGM Resorts is looking to capitalize on the company’s existing status. This week, these companies officially agreed to a sports betting collaboration.

Next month, these two companies will begin offering traditional online sports betting and daily fantasy sports options through Yahoo using MGM’s Roar Digital platform. During the multi-year deal, the Yahoo Sports app will begin offering sports wagers, with all transactions taking place through BetMGM.

Jim Murren, CEO of MGM Resorts International, commented on this new partnership to the media this week.

“This partnership marks an important moment for BetMGM in the growing U.S. sports betting sector,” he said. “Integrating Yahoo’s leading fantasy sports operations and content with BetMGM’s world-class sports betting and interactive platform uniquely positions us to drive market share and large-scale adoption among sports fans.”

Commissioners of the NBA and NHL have both voiced their approval of this new deal. Hope is that the Yahoo Sports and MGM Resorts partnership helps to provide players with the best possible experience.

Several States Will Soon Launch Sports Betting Platforms

As we mentioned earlier, almost 20 states have officially passed bills to legalize sports gambling. 13 of these states have their sports betting operations up and running. An additional six are currently working to launch these platforms.

Montana is expected to have its online and land-based sports betting platforms operating very soon. Sports betting was made legal here back in May yet it’s taken lawmakers time to prepare for this industry’s launch.

Tennessee should also have its sports gambling operations made available soon. This state legalized sports betting in May, as well. Hope is that sportsbooks start operating within the next month or two.

In time, it’s likely that almost every state in the country will legalize sports betting.

Yahoo Sports and MGM Resorts will soon begin offering sports betting odds and DFS games. Make sure to stay tuned for more news on this situation over the next few months!

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Mississippi, news, Sports Betting

Sports Betting Revenue in Mississippi Surges in September

Nickolas BransonBy Nickolas Branson

Mississippi is one of the 19 US states with an active sports betting market. This industry is proving to be massively successful here, particularly with the help of the NFL’s 2019/2020 season. New reports indicate that sports betting revenue in Mississippi surged during the month of September.

Hundred Dollar Bills Laid Out

It’s great news for betting operators here. Mississippi has always been thought of as a US casino hub and is now beginning to gain a reputation as a major sports betting destination. Let’s look at exactly how much sports betting companies managed to bring in last month.

Mississippi’s Gambling Market Continues to Expand

For centuries, all forms of gambling were banned in Mississippi. The state took this matter seriously, issuing harsh punishments to anyone caught playing inside an illegal gambling house. In 1990, lawmakers here decided to make a change.

State politicians decided to legalize traditional casino gambling. Within just a few years, several land-based and riverboat casinos began operating here. Today, there are a huge number of land-based gambling venues, most of which are very successful.

It’s clear that lawmakers wanted to bring in more revenue from the gambling industry. In 2018, shortly after PASPA was removed, Mississippi officially approved sports betting. Two MGM Resorts-owned casinos took the state’s first sports wagers in August of that year.

Since this time, almost all casinos in this state have begun offering sports gambling options. Many of these casinos are earning millions in additional revenue from this industry.

September was a massively successful month for sports betting operators in this state. Here’s how much money was brought in.

September Brings an Increase in Sports Betting Revenue in Mississippi

This state continues to rack in money from its sports betting market. New reports indicate that that September was one of the biggest months of the year in terms of revenue. There are clearly a huge number of passionate sports fans here.

The state’s Gambling Commission claims that sports betting revenue in Mississippi increased by 19.2% year-on-year to $37.9 million. The state itself took in $5.6 million in tax earnings. Interestingly, most of the year-on-year growth came from the state’s central region.

Handle from this region increased by 75.6% in this area compared to the same month last year. The state earned $780,798 in taxes from this region, with bookmakers recording a 15.29% win rate.

Unsurprisingly, the Coastal region contributed the most to sports betting revenue in Mississippi last month. This area brought in $25.4 million, representing a 14.7% increase from the same month last year.

This industry is showing no signs of slowing down. Last month, casinos in this state brought in massive revenue earnings, as well.

Soon, Mississippi could have one of the most lucrative sports gambling markets in the country. The rise in sports betting revenue could push other nearby states to legalize and regulate this market, as well.

Nearby States Considering Sports Betting Legalization

As of today, 19 states have legalized sports gambling. Many more have pending legislation to open their sports gambling markets. Several states in near proximity to Mississippi are currently considering allowing this form of gambling.

Several already have, too. Lawmakers in both Tennessee and North Carolina have both recently passed sports gambling legislation bills. The “Tennessee Sports Gambling Act” became legal on May 25th of this year. On July 26th North Carolina approved a bill that “allows sports and horse race wagering on tribal lands.”

Several other nearby states are working to legalize sports betting. Politicians in Louisiana and Alabama have both recently presented sports betting bills. Unfortunately, none of them have been approved during their state legislative sessions.

In time, it’s likely that almost every US state will allow sports betting. It’s a massively profitable industry that’s popular with individuals across the country.

Sports betting revenue in Mississippi continues to increase. We’ll need to wait and see whether or not October brings even better results.

Stay tuned for more US sports betting news over the next few months!