A booming business: US gambling market grows
The number of US states launching online betting businesses is growing, the improvement of legal infrastructure and public opinion are helping pave the way for more welcoming regulations.
Americans consider gaming to provide a positive benefit to the US economy and 63% agree that the industry provides high-quality jobs. Because of the new regulations and licences approvals, operators are not only allowed to go live in numerous US states, but they are also able to team up.
BoydGaming and FanDuel have announced a partnership that aims to launch Stardust-branded online casinos in New Jersey and Pennsylvania.
Recently, Caesars announced that its app, Caesars Sportsbook, is now officially available for download and sign-up by sports fans of legal age in Louisiana.
In September, Churchill Down announced its plans to open a new racing machine entertainment venue, Derby City Gaming Downtown, in Kentucky.
Bally’s Corporation and Sportsradar have signed a five-year sports betting partnership, in which Sportsradar will provide Bally’s Interactive with access to its complete pre-match betting services.
In Florida, the Hard Rock Sportsbook app, which is run by the Seminole Tribe, has gone live.
Randy Fine, State Rep and Brevard County Republican, commented on the recently launched Hard Rock Sportsbook: “We can spend it to improve education, we can spend it to improve roads or fix healthcare. We can spend it to cut taxes. This is $500m, largely for the activity that was going on in these Seminole reservations that we can use to improve Florida. I think to get $500m, most of which will be paid on activities that were already taking place, I think is a pretty good deal for the state."