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Ryan Butler

Tampa

Senior Editor at Covers

iCasino, sports betting and gaming industry corporate, legislative and financial news (plus occasional sports rants) for @covers. NoVa native, @UF Grad

Articles

  • May 31, 2024 | covers.com | Ryan Butler

    A letter from a major shareholder has brought fresh scrutiny on PENN Entertainment and its multi-billion dollar investments in online sports betting and iGaming.

  • May 17, 2024 | covers.com | Ryan Butler

    What do you get when you combine an iCasino, a sportsbook, and a video game? North American audiences are about to find out. Soft2Bet, the European gaming operator and tech provider, is bringing its products across the Atlantic, beginning with Ontario later this year and New Jersey by 2025.

  • May 16, 2024 | covers.com | Ryan Butler

    American commercial gaming entities recorded a record $17.67 billion in the first quarter of 2024, the 13th consecutive quarter setting an all-time high. US commercial casinos, sportsbooks, and iCasinos recorded nearly $18 billion in revenue during the first three months of 2024, according to an American Gaming Association report released Thursday. That included more than $6 billion in revenue in March, the second-highest-grossing month in US gaming history.

  • May 9, 2024 | covers.com | Ryan Butler

    On Thursday, tribal leaders and sportsbook operator officials reiterated that any hopes for legal California sports betting would require agreements from state gaming tribes. In 2022, a California tribe led efforts to defeat an operator-pushed online sports betting ballot measure that was overwhelmingly rejected by voters. Andrew Alejandro, Chairman of the Paskenta Band of Nomlaki Indians, said tribes were prepared to do so again.

  • May 8, 2024 | covers.com | Ryan Butler

    Online casino gaming does not harm existing brick-and-mortar casino revenues, a panel of gaming stakeholders argued again during an industry conference Wednesday. The handful of states with legal online slots and table games see net revenue positives from mobile gaming, representatives from some of the biggest names in U.S. corporate gaming said during a panel at Wednesday's SBC Summit. The opposition from within and outside the industry is unfounded, panelists agreed.

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Ryan Butler
Ryan Butler @ButlerBets
11 Apr 25

Nevada will remain one of five states without a lottery, joining Utah, Alaska, Hawaii and Alabama

Howard Stutz
Howard Stutz @howardstutz

An effort to end Nevada's 159-year ban on a state lottery ended Friday. Assembly Jont Resolution AJR5 is not moving forward: https://t.co/spXpv3SH4I @TheNVIndy https://t.co/FZjYKrbLH8

Ryan Butler
Ryan Butler @ButlerBets
11 Apr 25

Update: Kansas regulators confirmed the license expiration date for all 6 books is Aug. 31, 2027. That includes: BetMGM Caesars DraftKings ESPN BET Fanatics FanDuel

Ryan Butler
Ryan Butler @ButlerBets

NEW: All 6 live Kansas sportsbooks have license expirations after July 1, 2027, state regulators told @Covers today; today's vote prohibiting extensions will have no immediate impact on books being able to take bets until then, but the move could signal big changes in the future

Ryan Butler
Ryan Butler @ButlerBets
11 Apr 25

Kansas sports betting after today's vote: Good news: The 6 live sportsbooks can still take bets until at least July 2027 Bad news: It signals lawmakers will reconsider the current model, potentially replacing it with one worse for the books (and bettors)