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Online Gambling News: Rising Pains in America | This Week in Gambling
This week we’ve online gambling news from Massachusetts, the place mobile sports betting violations abound! Plus, more online betting news from Ohio, the place the fines are flying. After which sports betting news from New York, the place the operators are beginning to push again!
Whats up my associates! And thanks for streaming one other version of This Week in Gambling, as online betting continues to comb throughout the nation. However with more money comes more issues… I suppose they even wrote a music about that! First up, we advised you again in January in regards to the new gambling data, and now the numbers are formally in! Over $60 billion! Simply in 2022! And also you can thank the enlargement of sports betting and online gambling for that.
Sure, whereas land-based mostly casino gaming nonetheless accounts for a overwhelming majority of the income totals in this nation, online gambling now accounts for about 20% of that whole and rising, with most of that being attributed to mobile sports betting, after all. However with all of this development, there are sure to be some rising pains. Final week I advised you about all the difficulty that William Hill has just lately run into in the state of Nevada. This week, I’m telling you about Plainridge Park Casino, Wynn Bet, and Barstool Sports gambling troubles in the state of Massachusetts! Plainly these operators allowed state residents to place bets on in-state school games, and that is an enormous No-No… although the state Gaming Fee has not issued any fines, but.
Then simply final month, I advised you about Caesar’s, DraftKings, and Barstool Sports going through attainable fines in the state of Ohio for violations associated to problem and underage gambling. So, it seems like Barstool has but to get their shit collectively. These operators have now been ordered to collectively pay about $900 000 in fines associated to these violations. Nonetheless, typically it’s not the operator getting in bother from the regulator.
When New York state handed sports betting laws final 12 months, I advised you all that they’re 51% tax rate was exorbitant, to place it politely. In fact, politicians in New York state don’t take heed to me as a result of they don’t give two craps what previous Jay Todd has to say… however perhaps they need to have listened. The market there is barely a 12 months previous, and but already here comes DraftKings and FanDuel, saying that this tax rate is “unsustainable” and that they’d prefer to see it lowered to one thing a bit more lifelike, or the state might risk them and other operators leaving the market.
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UbetMobile.com Article Base: Online Gambling News: Rising Pains in America uBetMobile – 2023
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