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Gambling

Brick-and-mortar casinos set another quarterly revenue record

by Henry Epp
May 18, 2023
Sports wagering revenue is also up 70%, a sign of the gambling industry's strength.
The roulette wheel spins at Caesars Atlantic City in Atlantic City, New Jersey. The gambling industry raked in record profits last quarter, according to new data.
William Thomas Cain/Getty Images
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California voters will soon weigh in on sports betting

by Megan Jamerson
Nov 1, 2022
Several tribes are asking voters to pass a measure that would allow sports gambling on tribal lands and race tracks. Opponents say it could hurt card rooms.
The Gardens Casino is the economic engine of the city of Hawaiian Gardens in Los Angeles County. Some cities that rely on card room revenue are opposed to proposition 26.
Megan Jamerson
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Tax revenue vs. temptation: Legalized online sports betting creates a dilemma for problem gamblers

by Andy Uhler
Sep 6, 2022
Where mobile betting is legal, it accounts for 90% of all wagers, one expert says. Do the pros outweigh the cons?
“Americans have always bet on sports," says John Holden of Oklahoma State University.
Roslan Rahman/AFP via Getty Images
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The tribal gaming industry is bouncing back after pandemic closures

by Savannah Maher
Aug 11, 2022
Tribal casinos brought in a record $39 billion in 2021, a 40% increase from 2020. That will pay for government operations and social services in tribal communities.
Fresh demand for recreation and gaming, pent up during the pandemic, has helped casinos rebound.
Mario Tama/Getty Images
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Is the "hot hand" phenomenon all in our heads?

by David Brancaccio , Chris Farrell , Erika Soderstrom and Jarrett Dang
Mar 17, 2022
From basketball to investing, does success beget success?
From basketball to investing, does success beget success?
Lisa Blumenfeld/Getty Images
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COVID-19

One way for college athletics departments to make up for lost income: gambling partnerships

by Andy Uhler
Dec 16, 2020
It's an attractive — if contentious — revenue stream for schools.
A USC Trojan celebrates a sack of the ASU Wildcat quarterback in a nearly empty stadium on Nov. 14.
Christian Petersen/Getty Images
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Atlantic City benefits from early wager on legal sports betting

by Miles Bryan
Jul 29, 2019
Total gaming revenue at Atlantic City’s casinos is up about 20% on last year, but the city is now starting competition from neighboring states.
Bruce DeFino came from Long Island to place sports bets in Atlantic City.
Miles Bryan
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Regulators in Kenya concerned about growing popularity of online gambling

by Halima Gikandi
May 31, 2019
Mobile phones are allowing ordinary Kenyans to try their luck on sports gambling.
A billboard advertising a popular sports betting site is seen along a highway in Nairobi, on November 8, 2017.
ONY KARUMBA/AFP/Getty Images
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Marketplace Tech Blogs

Now that states can legalize sports betting, venture capital wants in

by Molly Wood
Apr 8, 2019
One investor says sports bets could evolve into a different type of asset.
Sports Adviser Stuart Feiner, who was portrayed by actor Al Pacino in the film "Two for the Money," displays his betting tickets on Major League Baseball at Dover Downs Casino on June 5, 2018 in Dover, Delaware.
Mark Makela/Getty Images
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How a recent ban on gambling in Albania is impacting the country

by John Laurenson
Feb 18, 2019
At Albania's betting shops, people could gamble on everything from soccer to the gender of the next royal baby.
This picture taken on December 19, 2018, shows a man removing a sign from a betting establishment in downtown Tirana, Albania.
GENT SHKULLAKU/AFP/Getty Images
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