Author: Andrew Fletcher

The UK Gambling Commission is approaching a decision on its mandatory financial risk assessment framework that the industry has been anticipating with a mixture of anxiety and frustration for the better part of two years, with the commission’s board expected to formally approve the checks imminently after a pilot scheme that launched in September 2024 produced no published final report and no substantive public update since spring 2025. The framework would embed affordability assessments into routine player monitoring at all licensed online casinos and sports betting platforms, fundamentally altering the compliance burden and customer experience for the largest regulated gambling…

PayModum, an online payment gateway providing access to over 150 online payment methods, today announces the completion of its acquisition of Floid Inc., a Delaware-incorporated entity that holds direct relationships enabling local, instant bank payments for merchantsJake Dovey, CEO of PayModum, commented:“The acquisition represents a significant step forward for PayModum, strengthening its position in the growing market for instant bank payments in the US.”With the increasing demand for instant payment rails, particularly those providing account information services such as date of birth, name, and address for payee verification, the acquisition represents an improvement to current payment processes, which often lack access…

Oklahoma, Tennessee, Louisiana, and Iowa have each advanced legislation targeting sweepstakes casinos through their state legislatures within the space of a few weeks, delivering the most concentrated burst of anti-sweepstakes legislative action since the crackdown began in earnest in 2025 and raising fresh questions about how long the industry’s dual-currency model can survive in the United States. Oklahoma Senate Bill 1589 cleared the state House on May 4 by a 65-21 vote, having already passed the Senate unanimously in March. The bill, authored by Senator Todd Gollihare, expands Oklahoma’s gambling statute to include online casino-style games and targets the dual-currency…

The US Senate has scheduled a major hearing on sports betting and gaming integrity for May 20, titled “No Sure Bets: Protecting Sports Integrity in America,” marking the most significant federal legislative moment for the American gambling industry since the Supreme Court’s 2018 ruling that opened the door to state-by-state legalisation. The hearing, chaired by Senator Marsha Blackburn of Tennessee, brings together a witness list that signals the government is beginning to treat this as a structural public policy problem rather than a state-level curiosity. The catalyst is an accumulation of high-profile scandals that have arrived in rapid succession. In…

Rush Street Interactive delivered its best financial performance in company history during the first quarter of 2026, with record results across revenue, net income and adjusted EBITDA that validated the company’s deliberate bet on online casino over sports betting as its primary growth engine. Revenue reached $370.4 million, a 41% year-on-year increase that was the fastest growth rate in four years. Net income of $26.2 million was up 134%, while adjusted EBITDA of $60.2 million jumped 81% compared to the same period last year. Monthly active users totalled approximately 839,000 across North America and Latin America, up 51% year-over-year. Growth…

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…