New Jersey sets record-breaking gambling revenue in January – A financial analysis
Finance news: Gambling revenue in New Jersey surged to $559.1m in January, a 28.0% increase from the previous year. Land-based casinos continued to dominate the market, generating $205.0m in revenue.Despite…
Massachusetts Hits All-Time High in Sports Betting Revenue for January
Massachusetts saw a remarkable 17% increase in revenue in January compared to the previous highest month. The state fell just 1.1% short of December's record, still accumulating $651.7m in what…
Lottery.com’s Strategic Vision Unveiled After Acquiring SportLocker
Lottery.com recently announced the issuance of 20 million new shares, worth £100 million. The acquisition of S&MI, the owner of SportLocker, is a strategic move for the company. The new…
Tech-Innovation: Simplifying Money Transfers with EqualsMoney
Importance of a fast, seamless, and efficient payments processor in the tech-innovation industry:Enhances user experienceReduces transaction timeImproves security and fraud preventionEnables scalability and growthDrives customer satisfaction and loyaltyExploring the benefits…
Chile Casinos Report 9.1% Revenue Growth to CLP$513.68bn in 2023
The rise in gross gaming revenue (GGR) in Chile's 25 venues was boosted by a 12% increase in casino visitors in 2023, reaching 7.1 million people. The average expense per…
Super Bowl Betting: Key Stats Showdown
The 58th edition of the Super Bowl was a huge success, breaking records for viewership and betting numbers.Taylor Swift's presence at the game helped generate $331.5m for the NFL, boosting…
Seamus McGill named permanent CEO of GAN – What it means for you
Seamus McGill took over as CEO of GAN, an online gambling solutions provider, last September after the resignation of Dermot Smurfit. McGill, who has been with the company since 2014,…
DraftKings Announces $750m Acquisition of Jackpocket – Strategic Move for Growth
DraftKings will pay approximately 55% of the purchase price in cash, utilizing its balance sheet without the need for a capital raise. This move aligns with DraftKings' strong financial position…
DraftKings Increases Revenue Projection for 2024 Following Impressive Q4 2023 Performance
DraftKings anticipates achieving its first full year of positive adjusted EBITDA in 2024, with earnings potentially reaching $510 million, up from the previously projected $450 million. Revenue for 2024 is…
Connecticut Study Reveals Impact of Problem Gambling on Social Responsibility
A recent study conducted by the Connecticut Department of Mental Health and Addiction Services shed light on the public's attitude towards gambling in the state. The findings revealed that 93.5%…
