iGaming Business North America

2 days ago | igamingbusiness.com | Jess Marquez

As the battle involving regulators, states, the federal government and prediction markets wages on, tribes so far have been quiet. But that could soon change. Victor Rocha and Jason Giles of the Indian Gaming Association hosted three well-known tribal gaming attorneys on the IGA’s New Normal webinar series Wednesday, assessing how prediction markets impact tribal sovereignty and gaming rights. In recent months the series has explored the rising challenge from sweepstakes sites.

2 days ago | igamingbusiness.com | Jess Marquez

2024 was another record year for US gaming, per the AGA. But will economic uncertainty snap that streak in 2025? The latest State of the States revenue report from the American Gaming Association, released Tuesday, showed that US commercial gaming generated $72 billion in revenue in 2024, a 7.5% increase from 2023. Last year’s total set a new all-time record for the fourth consecutive year, an impressive feat on the heels of the Covid pandemic and subsequent economic headwinds.

3 days ago | igamingbusiness.com | Robert Fletcher

Sports betting revenue and handle in North Carolina both declined year-on-year during April, though the Tar Heel State was able to post month-on-month revenue growth despite lower spending. Consumers wagered a total of $576.2 million on sports during April. Paid wagering revenue for the month amounted to $560.7 million, with promotional bets at $15.5 million. The total fell 11.2% short of April 2024, the first full month of legal sports wagering in North Carolina.

3 days ago | igamingbusiness.com | Robert Fletcher

The Northern Territory government in Australia has announced that the annual tax cap for corporate bookmakers and betting exchanges will double, with the increase expected to generate AU$13.1 million (US$8.4 million) in additional tax income each year. Announced as part of the 2025-26 budget, the increase will take effect on 1 July this year. The Northern Territory government will amend the Racing and Wagering Act 2024 to reflect the new cap.

3 days ago | igamingbusiness.com | Jess Marquez

For the third consecutive quarter, officials from Bally’s Corp did not address analysts in releasing first-quarter results Monday. No calls have been held in the last two quarters and no questions were fielded in the previous call before that. Each instance has seen little explanation — in Q3 2024, only prepared remarks were given because a shareholder vote to approve the Bally’s buyout from Standard General was to be held two weeks later.