Caesars will officially take over Washington DC sports betting kiosks from Intralot, as announced by the Office of Lottery and Gaming (OLG) on Monday.
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The bill aims to address concerns about the impact of sports betting on consumers, but it was swiftly met with opposition from industry leaders and state representatives.
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The sports betting industry is experiencing substantial year-over-year growth, with analysts expressing optimism about the sector’s trajectory.
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Stephen Grambling, an analyst at Morgan Stanley, has revised his targets for several US sports betting companies, citing concerns about the broader gaming industry and consumer spending.
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Bet365 has been hit with another fine by New Jersey sports betting regulators, marking the second penalty in two months in the Garden State.
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New York online sports betting saw a robust performance in August, recording $1.43 billion in bets as the state prepares for the lucrative NFL and college football seasons.
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DraftKings is considering alternative solutions to manage high state taxes on sports betting, after withdrawing a controversial surcharge fee on winning bets.
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