Author: Andrew Fletcher

Former Chicago Mayor and US ambassador Rahm Emanuel has put forward a proposal for a 10 percent federal tax on online gambling revenue that, if enacted, would fundamentally reshape the economics of the rapidly expanding US iGaming market and could significantly affect operator profitability at a moment when several of the country’s largest online casino companies are only just reaching sustained profitability after years of investment. Emanuel’s proposal frames the federal tax as a mechanism to fund innovation and infrastructure investment, drawing on what he describes as existing precedent for federal taxation of vice-adjacent activities and positioning the measure as…

BetMGM has posted Q1 2026 net revenue of $696 million, a 6 percent year-on-year increase, while simultaneously trimming its full-year revenue guidance from $3.1 billion to $3.2 billion down to $2.9 billion to $3.1 billion, in a set of results that tell two distinct stories about the US online gambling market depending on which division you look at first. The iGaming division, meaning online casino games, grew net revenue 9 percent to $481 million and is now generating approximately 69 percent of BetMGM’s total quarterly revenue, a ratio that has been shifting consistently in favour of casino over the past…

The US online casino market finds itself at a familiar inflection point in April 2026, with the eight states that currently operate legal iGaming continuing to generate record tax revenues that strengthen the economic case for expansion while the legislative processes in the most commercially significant prospective markets remain stalled in precisely the kind of multi-stakeholder political gridlock that has prevented meaningful geographic expansion for the past three years. New York’s fifth consecutive year of iGaming legislation efforts has produced the same result as the previous four: Senate Bill S2614, reintroduced by Senator Joseph Addabbo Jr. alongside Assembly companion bill…

Penn Entertainment (NASDAQ: PENN) surged more than 15 percent on Thursday after the gaming company reported first-quarter results that beat Wall Street’s earnings per share expectations by a significant margin and raised its full-year guidance, with the company’s interactive segment delivering its best-ever quarterly iCasino revenue and narrowing its operating losses dramatically from the same period a year ago. Penn posted Q1 revenue of $1.78 billion, ahead of the Zacks consensus estimate of $1.75 billion and representing 6.4 percent year-on-year growth from Q1 2025’s $1.67 billion, while EPS came in at $0.11, more than doubling the $0.05 consensus expectation and…

Michigan’s regulated online casino market posted its highest ever monthly gross receipts in March, reaching $322.1 million and eclipsing the previous record of $315.8 million set in December 2025 by a margin of more than $6 million. Combined with $50 million from online sports betting, the state’s operators delivered a total of $372.1 million in gross receipts for the month, an 18.9 percent increase from February’s total, according to figures published by the Michigan Gaming Control Board. FanDuel Casino led all operators with a record $85.8 million in March revenue, up approximately $18 million from its own performance in the…

Michigan’s online casino market recorded its strongest month in history in March 2026, with the Michigan Gaming Control Board reporting iGaming gross receipts of $322.1 million — beating the previous record of $315.8 million set in December 2025 by more than $6 million and delivering year-on-year growth of 23.6 percent compared to March 2025’s $260.5 million. Combined with online sports betting gross receipts of $50.0 million for the month, total gross receipts across Michigan’s 15 authorised operators reached $372.1 million, up 18.9 percent from February 2026. The results were announced on April 20 by the Michigan Gaming Control Board. On…

Washington DC has entered the US iGaming conversation in forceful fashion, with Councilmember Wendell Felder introducing legislation on April 9 that would simultaneously create a regulated real-money online casino market in the nation’s capital and impose an outright ban on the sweepstakes casino model that has proliferated across America in a legally ambiguous grey zone. The bill, formally titled the Internet Gaming and Consumer Protection Act of 2026 and designated B26-0656, has been referred to the Committee on Human Services with a public hearing already scheduled for late April, a timeline that indicates genuine legislative momentum rather than the kind…

Omaze has grown from a niche celebrity experience platform in the United States to one of the most recognisable prize draw brands in the UK, offering participants the opportunity to win luxury homes, cars and cash prizes, but understanding the real chances of winning Omaze contest draws is essential before committing any money to an entry. The company, founded in 2012 by Matthew Pohlson and Ryan Cummins, introduced its Million Pound House Draw to the UK in 2020 and has since raised over £100 million for UK charities as of 2026, making it a significant force in the prize draw…

The debate over whether to pick your own numbers or let a machine decide has occupied lottery players since the Lucky Dip option was first introduced, and the question of how many Lucky Dip lottery winners there have been is one of the most commonly searched topics in the world of draw-based games. The evidence is compelling: not only have plenty of players won the lottery with a Lucky Dip, but the proportion of jackpot winners using randomly generated numbers has, at various points, exceeded those who selected their own combinations. How Many Lucky Dip Lottery Winners Have Claimed Major…

BetMGM has delivered a first-quarter 2026 revenue figure of $696 million, up 6% year-over-year but landing approximately 9% below the Wall Street consensus estimate of $767 million. The miss prompted the company to cut its full-year revenue guidance from $3.1 billion to $3.2 billion down to $2.9 billion to $3.1 billion, while maintaining adjusted EBITDA guidance of $300 million to $350 million at the lower end of that range. The headline narrative from the April 14 earnings call centred on competition from prediction markets. CEO Adam Greenblatt addressed Kalshi directly by name, describing the prediction market platform’s advertising strategy as…