US Online Gaming and Betting Revenue to Triple by 2023

A new report forecasts that US online making and sports betting revenue could triple in three years. [Image: Shutterstock.com] No slowdown in growth According to a new report from sportsbook supplier BtoBet, US sports betting and online gambling revenue will

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 Gambling Income Tax in India ᗎ 28% GST Proposed on Gross Revenue

New Indian Gambling Tax Rate The empowered group of ministers is looking to rattle the cages of India’s gambling industry. There have been talks about changing the tax on betting and gambling in India up from the established 18% to

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Analyst: Las Vegas Casinos Facing Revenue Dip in 2023

An end to the growth Las Vegas casinos could face a slowdown next year, with analysts predicting that the current gaming revenue boom will come to an end in 2023. Fitch Ratings Service analyst Colin Mansfield has predicted that Las

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US Commercial Gaming Sets Quarterly Revenue Record

A stellar quarter US commercial gaming revenue has broken the record for the highest grossing quarter in the market’s history, hitting $14.8bn in Q2. The American Gaming Association (AGA) issued a press release on Thursday announcing the record-breaking period. The

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American gaming is on a roll with 16 straight months of revenue growth and all-time records

The American Gaming Association (AGA) has released second-quarter revenue numbers for all US commercial gambling enterprises. The period is the most lucrative ever for American casinos with a haul of some $14.81 billion. While year-over-year numbers are still somewhat distorted

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US Sports Betting Revenue Tops $10bn Since PASPA End

Significant results Legal sports betting has taken the US by storm since the overturning of the Professional and Amateur Sports Protection Act (PASPA) in May 2018. 49 months since the federal betting ban ended Total sportsbook revenue has now passed

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Michigan Announces $2.5 Billion In Revenue From Legalized Gambling

The Michigan Gaming Control Board announced Thursday that it has collected more than $2.5 billion in total tax revenue from legal gambling over the past 25 years. Since the inception of legal gambling in Michigan, the state has raked in

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SCCG CEO: Africa Betting Revenue to Hit $3.15bn by 2025

The next big thing While many within the industry might not know much about the market, African gaming is on an upwards trajectory. Fueled by COVID-19 lockdowns, the sector has grown considerably over the past two years, and experts don’t

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Nevada’s Casinos Break April Gaming Revenue Records

A great month More gaming revenue records have been broken in Nevada. According to the Nevada Gaming Control Board report on Thursday, the casinos on the Las Vegas Strip, Clark County, and Nevada as a whole all hit all-time high

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Elon Musk plans to fire 1,000 Twitter staff quintuple revenue 69 million users paying $3 a month

Elon Musk is aiming to increase Twitter‘s annual revenue to $26.4 billion by 2028, up from $5 billion last year, the New York Times reported on Friday, citing a pitch deck presented by the world’s richest man to investors. Advertising

Read More Elon Musk plans to fire 1,000 Twitter staff quintuple revenue 69 million users paying $3 a month