New York Earns $1.98 B in Sports Bets and Other Online Gambling News

After 30 days of operations, sports gambling facilities in New York earned $1.98 billion in revenue. There are seven mobile-friendly sportsbooks in New York, and they racked up massive earnings in the first 30 days of offering their betting services.

According to a report from the New York Post, the official figure of revenues came from the New York State Gaming Commission. The gross operator receipts were at $138 million. Associated public revenues were at $70.6 million.

The $1.98 billion includes more than $600 million in football bets, around $540 million in basketball, and $80 million in ice hockey.

Being home to 10 million people, New York began allowing its residents to place remote wagers online on January 8, 2022.

Here are some of the online booking companies that were granted a license to operate:

  • FanDuel
  • WilliamHill
  • PointsBet
  • WynnBet
  • DraftKings
  • BetMGM

All these combined generated $1.17 billion in only 16 days. The governor of New York released a statement saying that the performance was impressive and was applauded.

Hawaii Set to Legitimize Sports Betting

Lawmakers in Hawaii are now discussing a new piece of legislation that would approve sports betting. The discussion includes a 55% tax rate in any player winnings.

John Mizuno proposed House Bill 1815 hoping to get the state to follow the examples of other states like Pennsylvania, Illinois, and Arizona. John Mizuno, a Democrat lawmaker, said that the proposal was based on New York’s 50% tax rate.

So far, 31 American jurisdictions have legalized sports betting or some form of it. This happened in the wake of the revocation of the PASPA in 2018. Currently, Hawaii is like Utah, where any form of gambling is outlawed. As such, states like these are losing their share of the huge revenue of gambling, which is at $3 billion in just one quarter.

This proposal is just an opening salve, according to Mizuno. It is not final, and thus other representatives can propose changes and modifications.

Swintt to Launch Slots in Latvia Via Optibet

Swintt is aggressively expanding in European regions, and the casino software provider recently closed a deal to go live in Latvia with the help of Optibet.

Swintt will offer its complete portfolio of slots in Latvia in this deal. In addition, the deal is to grant Optibet a limited-time exclusivity period in the country. Later, Swintt will launch a wide-scale launch.

Optibet will launch debut titles from Swintt Premium and Swintt Select products. Customers from Latvia will have the opportunity to experience slot machines from Swintt.

The site, optibet.LV, which operates much like others such as https://vulkanvegas.com/ja, will offer more than 120 video slots. Some examples of these games are Aloha Spirit Xtralock, Seven Books Unlimited, and Extra Win X.

Indiana Earns $500 Million in Sports Betting

Indiana logged aggregated sales of over $500 million in sports betting in as little as 31 days. The January performance is a record, and it has been consistently increasing its revenues from gambling in the last four months.

Indiana’s population is $6.8 million, and online sports betting was made legal in 2019. Now, residents and visitors can place bets on a wide range of games online. The revenue from January shows a 43.6% increase in its year-on-year margins.

The main market for this revenue was the National Football League. The combined receipts for this sports betting market were $118.3 million. However, the National Basketball Association was a bigger market. It generated $192.4 million in aggregated wagers.

The prominent sites in the state are DraftKings, DanDuel, and SuperBet. BetMGM is also one of the biggest revenue generators.

Yggdrasil Partners With TG Reflex Gaming

Two big companies are partnering to make a new sci-fi slot machine. The slot is set in the early 20th Century, in Victorian England. Players will soon get to see a fresh take on the 5-row slot machine. What’s new is that despite having five rows, the slot only has three reels.

Players will have a chance to win at any of the 243 pay lines that feature the inventor, Nikola Tesla. The theme is time travel, and the game will be accessible on both desktop and mobile devices.

The slot offers low volatility, which is good for players who do not want high risks. It will also offer a 95.5% RTP. The maximum win here is €7,261.

The new game will feature the Pay-Rise mechanic that Reflex Gaming introduced in its debut products. In this mode, players will have more than 16,807 ways to win. There will also be extra spins after a win.

If the re-spin is successful, the reel will increase by one count. Lucky players will get to play at a maximum of seven reels. The number of rows will stay at five throughout the game.

The player must match three identical symbols from left to right like other slot machines. All wins must start from the first reel. Combos that begin on the second reel onwards do not comprise a win. There is also a chance at winning free spins in the game.

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