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Virginia Delays Sweepstakes Casino Ban, Turns to Industry Review Ahead of 2027
Virginia lawmakers have decided against an immediate ban on sweepstakes casinos, opting instead to gather more information before determining the industry's future in the state. Senate Bill 579, which initially sought to prohibit the operation and promotion of certain sweepstakes gaming platforms, has been carried over to the 2027 legislative session. The move gives regulators and lawmakers additional time to ...
Arizona’s Record Betting Handle Reveals Limits of Sports Wagering Tax Revenue
Arizona’s sports betting market hit a new milestone in June, but the record-setting month did not translate into a larger payday for state coffers. According to figures released by the Arizona Department of Gaming, bettors wagered more than $660 million during June, a year-over-year increase of more than $120 million. The total represents one of the highest monthly handles ever ...
VGW Legal Battle Advances as Certified Class Action Heads Toward Potential Resolution
The legal challenges facing VGW Holdings, the parent company of Chumba Casino, LuckyLand Slots, and Global Poker, have reached a new stage after a court granted class certification in one of the industry's closely watched lawsuits. The ruling allows the case to proceed on behalf of a broader group of plaintiffs rather than requiring individual claims to be pursued separately. ...
NFL Expands Official Sportsbook Partnerships With Fanatics
Fanatics Sportsbook has secured a new agreement with the National Football League, adding another milestone to the company's rapidly growing presence in the regulated sports betting industry. The deal makes Fanatics one of the NFL's official sportsbook partners, placing the operator alongside several established betting brands that already hold league partnerships. The agreement represents another step in Fanatics' effort to ...
Another Sweeps Casino Exits as Compliance Costs Continue to Rise
LuckyStake is the latest sweepstakes casino to leave the market, adding another name to a growing list of platforms that have closed amid increasing regulatory scrutiny and rising operational costs. The operator announced that it will cease operations this month, giving players a limited window to redeem eligible Sweeps Coins before the platform fully exits the industry. The closure is ...
New Jersey Sportsbooks Rebound With Strong July Revenue Performance
New Jersey sportsbooks generated nearly $100 million in gross gaming revenue during July, bouncing back from a comparatively difficult June and posting one of their strongest monthly performances of 2026. According to the latest figures released by the New Jersey Division of Gaming Enforcement, online and retail sportsbooks combined for $97 million in gross revenue from $816.9 million in wagers ...
Iowa Sweepstakes Casinos Lose Major Game Supplier After Legal Changes
A leading sweepstakes casino game supplier has become the latest company to distance itself from Iowa as the state's regulatory environment continues to evolve. 3 Oaks Gaming has removed its games from sweepstakes casinos operating in Iowa, marking one of the first major software providers to take action following recent legislative changes. While the state's new law does not explicitly ...
FanDuel Defends VIP Program After Questions Over Bryce Harper Message
FanDuel is standing by its VIP customer program and responsible gaming policies after facing questions from several U.S. lawmakers regarding a personalized video message from Philadelphia Phillies star Bryce Harper. The issue centers on a video recorded for Terry Thompson, a FanDuel VIP customer who has previously alleged that sportsbooks encouraged harmful gambling behavior. The video drew attention from lawmakers ...
Uncertainty Grows Around Greenbrier Casino Amid State Approval Process
The casino at The Greenbrier Resort could face a temporary shutdown as state regulators review a refinancing transaction that would change the ownership structure behind the historic West Virginia property. The Justice family expects a major refinancing deal tied to ongoing litigation surrounding The Greenbrier Resort to close this week. However, attorneys involved in the transaction say continued casino operations ...
Sweepstakes Casino Closures Continue With Money Factory and CoinFrenzy Exits
The list of sweepstakes casino operators leaving the U.S. market continues to grow. Two emerging brands, Money Factory and CoinFrenzy, have announced plans to shut down operations, adding to a wave of closures that has swept through the industry in 2026. The developments come as lawmakers, regulators, and courts increase scrutiny of sweepstakes-based gaming models across several states. While neither ...
Why Physical Product Sales Are Drawing Attention in the Sweepstakes Casino Industry
As sweepstakes casinos continue adapting to an increasingly restrictive legal landscape, some operators are testing a new business model that shifts the focus away from traditional virtual currency purchases. Instead of selling digital coin packages that include Sweeps Coins, a handful of platforms are attaching promotional gaming currency to purchases of physical products. The approach is generating discussion throughout the ...
Why More Young Investors Are Treating Sports Betting Like Investing
Sports betting is no longer viewed solely as entertainment by some younger Americans. New survey data suggests a growing number of Gen Z investors see wagering on sports as part of their broader financial strategy, a trend that is creating debate among financial professionals and highlighting changing attitudes toward wealth-building. According to a Betterment survey of 1,000 U.S. retail investors, ...
RealPrize and LoneStar Set End Dates for Delaware Sweeps Coin Play
Two well-known sweepstakes casino operators are ending their Sweeps Coin offerings in Delaware, adding to a growing list of platforms that have reduced or eliminated services in the state. RealPrize and LoneStar Casino recently notified players that they will discontinue Sweeps Coin gameplay for Delaware residents, marking another shift in the state's evolving sweepstakes gaming landscape. The move affects both ...
Legal Sportsbooks See Massive World Cup Boost Across Key States
The 2026 World Cup delivered a major lift for legal sports betting across the United States, helping drive billions of dollars in wagers during what is typically a slower month for sportsbooks. According to June market reports, the 10 largest sports betting jurisdictions generated more than $7 billion in wagering activity during the month. The increase came as soccer fans ...
Virginia Sweeps Casino Debate Extended as SB 579 Shifts Toward Industry Study
Virginia lawmakers may not be ready to decide the future of sweepstakes casinos just yet. A proposal that originally sought to ban dual-currency sweepstakes gaming has taken a different route, giving the industry additional time to operate while state officials gather more information. Senate Bill 579, known as SB 579, was amended during the 2026 legislative session and now focuses ...
Bally’s Chicago Expansion Faces Fresh Uncertainty Amid Gaming Dispute
Bally’s has paused construction on several parts of its permanent Chicago casino development as tensions continue to rise over the future of video gambling terminals within the city. The decision marks a significant development in one of the largest gaming projects currently under construction in Illinois. While Bally’s says the casino itself remains on schedule to open in early 2027, ...
D.C. iGaming Proposal Raises Questions for Sweepstakes Casinos
Washington, D.C. lawmakers are weighing legislation that could bring legal online casino gaming to the nation's capital while simultaneously creating new obstacles for sweepstakes casinos. The proposal, known as the Internet Gaming and Consumer Protection Act of 2026, would establish a regulated iGaming market and prohibit businesses operating under the dual-currency sweepstakes model. If approved, the measure would place D.C. ...
July Delivers Record Revenue Month for New York Sports Betting Operators
New York's online sports betting market produced a historic July, setting a new revenue record for the month despite the industry's traditionally slower summer period. According to figures released by the New York Gaming Commission, the state's eight licensed online sportsbooks generated $214.4 million in gross gaming revenue from $1.88 billion in wagers during July. The total marked the first ...
Louisiana Joins Growing List of States Restricting Sweepstakes Casinos as Ban Nears
Louisiana’s sweepstakes casino ban effort reached an important statutory milestone as the state moved within days of enforcing new restrictions on dual-currency sweepstakes casinos. The countdown placed Louisiana among a growing group of states that have either prohibited or significantly restricted sweepstakes casino operations, marking another shift in the rapidly changing legal landscape for the industry. State lawmakers approved two ...
Bettors' Hot Streak Leaves DraftKings' Q2 Revenue In The Red
DraftKings closed the second quarter of 2026 with a familiar mismatch between growth and profitability. The Boston-based operator reported that customers wagered $13.1 billion through its sportsbook and Predictions products between April and June, a 15% jump from the $11.5 billion handled during the same stretch of 2025. Yet that surge in activity did not translate into stronger earnings. Revenue ...