Inside Asian Gaming (IAG)’s Post

📊 Connecticut’s online sports betting market closed out in December with mixed results. While the total handle hit a record $232.9 million, up 6.83% from November, gross gaming revenue (GGR) dived.

The latest numbers from the New York Gaming Commission show a big jump in sports betting activity in the state with operators taking in $516.8 million in wagers for the week ending September 29th. That’s a 31.3% year over year increase and 7.6% from the previous week.

I strongly endorse the recent alliance forged between #California’s gaming #tribes and prominent online #sportsbetting companies. This coalition is crucial in addressing the escalating threat posed by #unregulated #sweepstakes sites, which undermine the integrity of our #gaming environment. The emergence of #graymarket sites is deeply concerning. My preliminary investigation into these platforms suggests they operate under the guise of social gaming while evading established regulations and taxation requirements. According to the article published by Yogonet International, projections indicate these sites could generate up to $4 billion in revenue by 2025, which makes it is clear they are diverting substantial funds from state revenues and tribal enterprises. This financial drain not only jeopardizes the economic stability of licensed operators and tribes but also erodes essential #consumerprotections. The deceptive tactics employed by these sweepstakes sites, which include offering free gameplay while allowing users to purchase virtual coins for real money #betting, demand immediate #investigation. Such practices mislead consumers and create an unchecked environment for #illegalgambling. The absence of regulatory oversight not only undermines public trust but also exposes vulnerable populations to significant risks, including potential involvement in activities such as #moneylaundering and #fraud. Given these alarming developments, #federalauthorities should be involved to conduct an immediate and thorough investigation into the operations of these unregulated sweepstakes companies. It is imperative to establish a robust regulatory framework that not only curtails the growth of these sites but also reinforces the legitimacy of licensed gaming operators and protects the interests of the tribes as well. The call for stronger regulation is not merely a defensive response; it is a proactive initiative to foster a fair and sustainable gaming environment in the country while safeguarding the economic and social welfare of our communities.

🗓️ bet365 Publishes 2024 Year in Sports Betting Report The report examines developments in regulated markets in North America, Latin America, and Europe, while highlighting shifts in betting preferences and industry innovations. Read the full article here ➡️ https://lnkd.in/eS8YDYjt #igaming #igamingnews #igamingindustry

📣 A new #sports #betting bill has been introduced in Minnesota (#MN), aiming to legalize online and retail sports betting. The bill could bring major revenue to the state, with a focus on responsible #gambling measures. If passed, it would make Minnesota the 22nd state to regulate sports betting. #news #iGaming #gaming #game #bettingsport https://lnkd.in/dvFmqQ7A

Market Monitor: Ohio Sports Betting November 2024 In November, Ohio online sportsbooks had their second best month in market history. They brought in just over $1 billion in bets on which they generated $114 million in revenue. Both these are the highest outside the January 2023 launch month. In handle, FanDuel just stayed ahead of its rival DraftKings for the second month running, but very little separate the pair. In revenue, the gap is much clearer, with the former reporting $46.5 million to its rival’s $37.9 million. The pair took in 68% of the bets in the market and almost three quarters of revenue. https://lnkd.in/e_xZs67H

Sports betting can be tempting, especially with all the hype surrounding it. You see people win big and think you can do the same. But here's the truth - sports betting is a dangerous game that can lead to serious problems if left unchecked. In this blog post, we will uncover the hidden pitfalls of sports betting, including the deception and dangers associated with it. https://buff.ly/419YmzW #GamblingAddiction #GamblingAwareness #AddictionAwareness #AddictionRecovery #RecoveringGambler #GamblingSupport #SportsBetting #FantasySports #FantasyFootball #fantasyDraftPicks

According to Gaming America to date, more than 35 states have embraced regulated sports betting since the US Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA) in May 2018, also known as the Bradley Act. Still some way to go before the States of America are United! 🇺🇸 In the meantime watch how India 🇮🇳 the next frontier steams ahead! #indiagaming #itsthefuture

The Massachusetts Gaming Commission (#MGC) reported substantial year-over-year growth in May for the state’s sports betting market 📈 The gaming regulator reported a $587.2 million total sports betting handle in May 2024 compared to $454.9 million for the same month last year Massachusetts collected $11.3 million in taxes from online sports wagering in May 2024

🆕 VIP Play, Inc., the operator behind ZenSports in Tennessee secured market access in West Virginia. The company has signed a definitive agreement with Delaware North to operate sports betting and online casino under Delaware North’s Wheeling Island Casino license.