Gambling Industry News

If you are looking for the latest gambling industry news and information then you are in the right page. We provide everything you need to know about the gaming industry that includes sportsbook pay per head industry headlines, casino news, and other aspects of the gambling industry.

In addition, we also publish casino and sportsbook reviews, tutorials, and more. Our mission is to provide relevant information that can help our visitors with their gambling goals. It doesn't matter whether they are players or bookies. We strive to be the top source of online gambling industry news.

The next time you need to know anything about the gambling industry, visit SportsbookSOS.com. Our articles can help you understand what's going on in the world of gambling worldwide.

Online Gambling Industry News You can Trust

Bookie Look at the Battle over California Sports Betting

Details: Category: Gambling Industry; Created: Saturday, 18 September 2021 14:47

More than two dozen states have legal sports betting after the Supreme Court overruled the federal ban in 2018. However, California sports betting remains a pipedream for bookies and players in the state.

Native American tribes initiated an effort for the November 2022 ballot that would legalize on-site sports wagering at tribal horseracing tracks and casinos. Nonetheless, different kinds of authorized betting organizations, for example, card rooms, would be precluded from offering sports wagering. Also, the effort approves private lawsuits to implement the law.

According to sportsbook pay per head reviews, card rooms didn't agree with the legalization efforts of the tribes. So, getting together with city authorities, they filed an initiative in August known as California Solutions to Homelessness, Public Education Funding, Affordable Housing, and Reduction of Problem Gambling Act.

California Sports Betting

Cardroom operators called it unreasonable that unlawful operators are procuring countless dollars in benefits from California players. Also, the illegal operators don't pay taxes to support the communities and local economy.

Write comment (0 Comments)

Florida Sports Betting Decision Has Nationwide Consequences

Details: Category: Gambling Industry; Created: Saturday, 07 August 2021 19:40

Federal officials approved the Florida sports betting deal with the Seminole Tribe. As a result, many white label sports betting solution providers expect the Florida sports betting decision to have nationwide consequences.

According to PPH service sources, the Seminole Tribe of Florida and the state's chosen authorities recently struck a gaming reduced arrangement that will allow the clan to open retail and online sportsbooks. By law, all compacts are dependent upon the government Department of the Interior's endorsement.

However, most gaming examiners and lawful specialists accept the deal's retail gaming arrangements, including craps, roulette, and blocks and cement sportsbook approvals, which will pass federal review. However, the online aspects might not pass government scrutiny. Florida authorities have contended the arrangement fits under current government law; however, pundits trust it disregards arrangements that limit gaming to tribal lands and refer to different court choices that have denied clans from offering internet wagering choices.

Florida Sports Betting Decision

Tribes in Arizona, Michigan, and Connecticut have been allowed online sportsbook licenses since they consented to their individual state's guidelines. However, they are burdened and also directed to business gaming elements.

Write comment (0 Comments)

New York Mobile Sports Betting to More Revenue than Cannabis

Details: Category: Gambling Industry; Created: Sunday, 09 May 2021 06:02

The legalization of New York mobile sports betting and cannabis will bring revenue additional revenue to the state. However, mobile sports betting will get more than 100 percent more taxes than recreational cannabis by 2025.

The New York budget for 2021 will be around $212 billion, which was ten percent higher than in 2020. The main driver of the budget growth is federal aid and new revenues from taxes. Also, it included the legalization of mobile sports betting and recreational cannabis. The new revenues will bring around $26.7 billion to the state.

New York Comptroller Thomas DiNapoli estimated that legal cannabis would bring around $20 million in taxes in 2021. On the other hand, mobile sports betting will earn $99 million, which is a difference of 395 percent.

New York Mobile Sports Betting to Bring More Revenue

Legal cannabis will be available in the state within 18 months. Thus, it isn't easy to compare it to mobile sports betting. Although people can be a bookie in three easy steps, they can't start a sportsbook in New York.

Write comment (0 Comments)

What is the Best Option for a Tribal Sportsbook?

Details: Category: Gambling Industry; Created: Saturday, 24 July 2021 19:25

tribal sportsbook options Since the Supreme Court overturned PASPA in 2018, many states legalized sports betting. Tribal communities negotiate with states to expand their gambling options to include sports wagering. Once approved, community leaders have the task of choosing the best option for a tribal sportsbook. Will they partner with another operator or use their brand?

A sportsbook can help tribal communities make more money. According to pay per head reports, a sports wagering operation can assist with driving critical returns for ancestral gaming networks through the sportsbook itself, however across gaming and friendliness overall. In addition, many tribal casinos choose to operate a sportsbook using their brand. Thus, they expand their gambling options with an on-property sportsbook.

Therefore, tribal casino operators across the US have been occupied with planning for sports wagering going to their state, if it hasn't as of now. The spread of sports wagering, notwithstanding, has left tribal casino operators with troublesome options concerning how best to dispatch another item upward, not least choosing which accomplice best suits their methodology. According to sportsbook pay per head services experts, tracking down the suitable partner is regularly the initial phase in building a productive sportsbook with a committed and loyal client base.

Write comment (0 Comments)

PricePerPlayer.com is Restructuring their Business with Lower Pay Per Head Prices

Details: Category: Gambling Industry; Created: Thursday, 29 April 2021 13:39

PricePerPlayer.com, the leading Sportsbook Pay Per Head provider in the industry is changing its price per player model. The typical model for a bookie Pay Per Head company is to charge a weekly fee for each active gambler. The price range for these services is usually from $3 to $25 per player. However, PricePerPlayer.com is Restructuring their Business with Lower Pay Per Head Prices per player.

How the company is changing from its typical price of $5 per player is by using a pricing chart. With the pricing chart, the cost will depend on the number of active players they have each week. The company is quick to point out that their new pricing system will not increase their already low prices. Instead, the new pricing system will only lower the price for their clients. Thus, the highest clients will pay is $5 per player and prices can go as low as $2 per player.

The new business model for the company aims to tie their profits directly with their clients. Their new motto is “Your Success is Our Success. Therefore, if a sportsbook or gambling operator does well, they want to share the profits with their clients. Meaning, the better a client does, the lower their operating cost will be when they use the PricePerPlayer.com Pay Per Head Services.

Write comment (0 Comments)

Colorado Sportsbook Operators Report on the Popularity of Table Tennis among Players

Details: Category: Gambling Industry; Created: Saturday, 05 June 2021 19:31

Colorado sportsbook operators are surprised to get millions in wagers on table tennis. Most bettors say that they don’t even know anything about the participants or the tournament. Also, some players said that betting on table tennis is exciting.

According to sportsbook pay per head solutions reports, players wagered $8.8 million on table tennis in March. It was more than twice the bets on MMA. In January, the figure was $11.8 million, which was more than what was wagered on school football games and NHL games that month. Colorado is home to the Avalanche, the current Stanley Cup top pick.

Long after sports got back from a COVID-19 rest, table tennis kept being a bizarre wonder in Colorado. It was the fourth-most bet sport in the state in January, 6th in February and March, and back to fourth in April as per the best sportsbooks in the state.

Colorado Sportsbook Operators and Table Tennis

Certainly, table tennis’ popularity among players is here to stay. Bettors noticed the sport during the start of the pandemic. During that time, most significant sports leagues took a hiatus. However, bettors discovered table tennis, and they didn’t stop betting on it since then.

Write comment (0 Comments)

Governor Ducey Signed the Comprehensive Arizona Gaming Expansion

Details: Category: Gambling Industry; Created: Sunday, 25 April 2021 14:45

Governor Ducey signed into law the vast Arizona gaming expansion last April 15. Also, the state government amended the Tribal-State Gaming Compacts. As a result, sports betting, daily fantasy contests, and keno games became available on and off the tribal ground in the state.

The gambling expansion also made mobile lottery draw games legal in Arizona. According to sportsbook pay per head reports, the gambling expansion bill will take effect after the US Secretary of the Interior approves the Compact amendments and its publication in the Federal Register.

Senate Bill 1797 and House Bill 2772 allow sports wagering on Tribal grounds at tribal casinos. According to bookie resources, the bills allow bookies to accept wagers outside of Tribal lands. However, operators need to apply for sports betting licenses.

Comprehensive Arizona Gaming Expansion

Licensed operators will include the Tribes and sports franchises. The state will offer ten licenses to the Arizona pro sports team and ten licenses to Tribes. According to SportsbookSOS.com sources, The Phoenix Suns signed a deal with FanDuel to open a sports betting lounge at the Phoenix Suns Arena.

Write comment (0 Comments)