Novig’s Post

One of the questions I get asked more than any other is: "Who let you in here?" Another is "Why are online casino bills so hard to pass?" There are many reasons: - Lack of alignment across stakeholders who want online casino - Lack of political will to pass bills - Lack of broad-based public support for online casino - No ancillary support from sports leagues, et al. who showed up for OSB - Opposition from labor unions As the chart below from Chris Krafcik and my colleagues at Eilers & Krejcik Gaming, LLC, another issue is the over-performance of digital-first brands in states like Pennsylvania, a track record that complicates the risk-reward analysis for retail casinos.

The sports betting industry is trying to prevent a significant tax increase in Illinois. If they fail, it could trigger a "run on the bank" in other locales. https://lnkd.in/ec9uXPG8 Plus, Iowa online casino efforts are already on thin ice for 2025; A look at the big news from SBC Summit North America; and more. Assists from Legal Sports Report; Bonus.com, John Brennan, Ryan Butler, Robert Linnehan

Why you should choose Price Per Head? One of the benefit of using our ultimate software is; Expansive Betting Opportunities. Give your players a rich selection of betting options including Live Sports. By offering a wider range, your players wager more, which translates into greater profits for you. Incorporating a wide range of betting options can certainly attract more players and increase profits. Live sports betting is particularly appealing to many bettors as it adds an element of excitement and real-time action to the betting experience. By offering a diverse range of betting options, players are more likely to find something that interests them, leading to increased engagement and profits. Additionally, regularly updating and promoting new betting options can help keep players returning to your platform for fresh opportunities to bet. Contact us today, let’s start a conversation that matters. 🌎: priceperhead.com ✉️: [email protected] 📞: +1 (888) 774-7467 #PricePerHead #sportsbetting #bookiesoftware #bookmaking #sportsbook Please note: Price Per Head neither processes nor holds any wager-related financial transactions. Furthermore, our software does not facilitate or act as a conduit for such transactions.

Taxes in the United States are notoriously high. Now, it's the betting industry's turn to feel the squeeze. $16 billion online sports gambling industry might face higher taxes soon. For instance, Illinois is moving from a flat 15% tax to a progressive rate of 20% to 40%. New Jersey is considering doubling its rate to 30%, and although Massachusetts recently failed to hike its rate from 20% to 51%, it shows the trend. The industry’s rapid growth has attracted government attention. What are the implications for operators? The big players like DraftKings and FanDuel might stay competitive despite the rise, but smaller companies will have to cut down on spending. Also, if the tax continues to rise, the black market can reemerge. What's your take on the current US sports betting market? #turbostars #turboplatform #turbogames #turbosportsbook #igamingsolutions #instantgames

Stuck in the past with your land-based sportsbook? It’s time for an upgrade 😃 Online sportsbooks offer unbeatable convenience—bet from your couch in pajamas versus dealing with crowds and outdated tech at physical locations. They provide real-time updates, a vast array of betting options, and better odds thanks to lower overhead costs. Plus, their 24/7 customer support and innovative tech make them the clear choice. So, if you’re still using a land-based bookie, it’s time to embrace the future. Upgrade to online betting—your wallet and sanity will thank you.

Recent research from NBC News sheds light on the troubling effects of legalized sports betting on American households. Studies indicate a stark decline in savings, reduced investment in assets, and worsening credit scores in states that embraced sports gambling. Key findings: -Households in these states are seeing higher credit card balances and increased bankruptcies—up by 28%. -There’s a noted shift in financial behavior, with many bettors withdrawing funds from long-term investments for gambling activities. -States are reaping significant tax revenues, with New York alone generating over $862 million last year. Yet, the human cost raises serious concerns. As policymakers grapple with these issues, there’s a growing call for responsible gambling measures. The Responsible Online Gaming Association is stepping up with over $20 million dedicated to research and awareness. As the industry continues to grow, it’s crucial we address both the economic benefits and the potential harms to consumers.

Did you bet money on the Super Bowl? If so, you aren’t alone. The American Gaming Association estimated that a record $23.1 billion would be wagered on Super Bowl 58. If you won, congratulations! Not to rain on your parade, but Uncle Sam generally wants his share. The rules apply even to “casual gamblers” who aren’t in the business of wagering, according to the IRS. Depending on how you made your bet, you might even receive a Form W-2G (Certain Gambling Winnings). All winnings must be reported on the tax return you normally file. The good news is, you have until next year to report this year’s winnings on your 2024 tax return. We can answer any questions when we prepare your tax return.