Online Casino Doctor

Author: Levi Brooks

  • U.S. Gambling Revenue Hits Record $72 Billion in 2024, American Gaming Association Reports

    U.S. Gambling Revenue Hits Record $72 Billion in 2024, American Gaming Association Reports

    The American Gaming Association (AGA) has confirmed another record-breaking year for the commercial gaming industry, with total revenue hitting $71.92 billion in 2024. That’s a 7.5% jump from the previous year, marking the fourth consecutive year of growth. And that’s just the commercial side—when tribal gaming revenue is factored in, the total U.S. gaming industry is projected to top $115 billion for the year.

    AGA President and CEO Bill Miller was optimistic, calling 2024 a “positive story” for the industry’s continued strength. But while the overall numbers are impressive, some areas saw shifts—especially in sports betting and table games, which had mixed results throughout the year.

    Live Casino Revenue Sees Growth, But December Dips

    While 2024 was a historic year for gaming, December took a hit. The month’s total gaming revenue dropped 2% compared to December 2023, marking the first monthly decline in nearly four years. However, the final quarter still managed to set a record, showing overall industry resilience.

    A key factor behind the December slump? Sports betting had an unusually low hold rate, meaning operators won less from bettors than expected. Still, brick-and-mortar casinos had a solid year, bringing in $50.32 billion—or about 70% of total revenue.

    Here’s how the core segments performed in 2024:

    • Slot machines: $36.06 billion (+1.6%)
    • Table games (e.g., blackjack, poker): $10.14 billion (-1.7%)
    • Retail sports betting: $13.71 billion (+25.4%)

    Even with table games dipping slightly, the demand for in-person gambling remains strong. Retail sports betting, in particular, saw a surge, up more than 25% year over year, reflecting the growing popularity of legal sports gambling across the U.S.

    Online Gambling Surges as More Americans Bet Digitally

    It’s no secret that online gaming has been on fire, and 2024 was no exception. Digital gambling—including online sports betting and casino games—accounted for $21.54 billion in revenue, making up 30% of the entire industry’s total earnings.

    Online casino gaming alone jumped 28.7% to $8.4 billion, as more states embraced digital wagering. Sports betting and iGaming now generate the majority of commercial gaming revenue in 13 states, including key markets like New Jersey, Pennsylvania, and Michigan.

    This shift isn’t slowing down, either. Experts predict that as more states legalize digital gambling, online revenue will eventually rival or even surpass traditional in-person casino earnings.

    States and Local Governments Reap Billions in Gaming Taxes

    Beyond the casinos and online platforms, one major winner in all of this? State and local governments.

    Gaming operators paid an estimated $15.66 billion in gaming taxes in 2024, an 8.5% increase from 2023. Just in the fourth quarter alone, $4.01 billion was collected in taxes, marking another 8.4% jump compared to the previous year.

    One important note: these figures only include direct taxes on gaming revenue. They don’t account for other contributions like:

    • Annual licensing fees
    • Federal sports betting excise taxes
    • Corporate income taxes
    • Payroll and sales taxes

    When all of these are factored in, the industry’s total tax contributions soar even higher, making gaming a major economic driver at both the state and national levels.

    What’s Next for the U.S. Gaming Industry?

    With four straight years of record-breaking revenue, the gambling industry is proving to be one of the most resilient sectors in the U.S. economy. But where does it go from here?

    • More states are expected to legalize online gambling: The success of iGaming in Michigan and Pennsylvania could push other states to follow suit.
    • Sports betting continues to grow: The Super Bowl and March Madness could set new records for sports wagering in 2025.
    • Casinos must adapt: As digital gambling eats into brick-and-mortar revenue, casinos may need to rethink their strategies to keep foot traffic high.

    One thing is certain—Americans aren’t slowing down on gambling anytime soon.

  • U.S. Commercial Gaming Revenue Reaches Record $71.9 Billion in 2024

    U.S. Commercial Gaming Revenue Reaches Record $71.9 Billion in 2024

    In a remarkable display of growth, the U.S. commercial gaming industry shattered previous records by amassing $71.92 billion in revenue for 2024. This achievement marks the fourth consecutive year of revenue expansion, surpassing 2023’s figure by 7.5%.

    Traditional Casinos Maintain Dominance Amidst Online Surge

    Brick-and-mortar casinos continue to be the cornerstone of the gaming sector, generating $49.78 billion in 2024. This figure represents a modest 0.8% increase from the prior year. Slot machines were the primary contributors, bringing in $36.06 billion, a 1.6% uptick. In contrast, table games experienced a slight decline of 1.7%, totaling $10.14 billion.

    Despite the steady performance of physical casinos, the online gaming segment is rapidly expanding. In 2024, online gaming, which includes iGaming and online sports betting, accounted for $21.54 billion, making up 30% of the total gaming revenue.

    Sports Betting and iGaming: Catalysts for Growth

    Sports betting has emerged as a significant growth driver within the industry. In 2024, Americans legally wagered $147.91 billion on sports, a 23.6% increase from the previous year. This surge led to sports betting revenue reaching $13.71 billion, marking a 25.4% year-over-year growth.

    American Gaming Association

    The iGaming sector also witnessed substantial growth, with revenue soaring by 28.7% to $8.41 billion in 2024. This increase underscores the shifting preferences of consumers towards digital gaming platforms.

    State-Level Highlights and Market Dynamics

    At the state level, 28 out of 36 commercial gaming jurisdictions reported increased revenues in 2024. Notably, Nebraska, Virginia, and Illinois experienced significant gains in traditional casino gaming, with revenues increasing by 60.1%, 32.0%, and 11.0% respectively. These upticks were largely driven by the inauguration of new gaming establishments.

    In the sports betting arena, Illinois surpassed New Jersey to become the second-largest market in the U.S., with revenue growth of 21.1%. Massachusetts also saw a remarkable 38.8% increase, elevating it to the seventh position among U.S. sports betting markets.

    While the Las Vegas Strip maintained its status as the nation’s leading gaming market, it experienced a 4.4% decline in revenue for 2024. Conversely, other Nevada markets such as Downtown Las Vegas and Reno-Sparks reported growth, climbing to the 13th and 11th largest U.S. gaming markets, respectively.

    Economic Contributions and Future Outlook

    The commercial gaming industry’s expansion has significantly bolstered public finances. In 2024, operators contributed an estimated $15.66 billion in gaming taxes to state and local governments, reflecting an 8.5% increase from the previous year.

    Looking ahead, the industry’s trajectory appears promising, with continued growth anticipated in both traditional and online gaming sectors. However, challenges such as market saturation and regulatory changes may influence future performance. Stakeholders will need to navigate these dynamics to sustain the momentum achieved in recent years.

  • Iowa Lawmakers Push to Ban Cities from Including Casinos in Urban Renewal Plans

    Iowa Lawmakers Push to Ban Cities from Including Casinos in Urban Renewal Plans

    Iowa lawmakers are moving to block cities from incorporating state-licensed gaming projects into urban renewal plans. New bills introduced in both chambers of the legislature on Wednesday aim to prevent casino developments from benefiting from local tax incentives—although the impact on existing projects remains uncertain.

    Proposed Legislation Targets Future Casino Projects

    The proposed legislation would prohibit cities from including casinos in urban renewal plans if their licenses are issued on or after January 1, 2025. This measure comes just weeks after the Iowa Racing and Gaming Commission approved a license for Cedar Crossing Casino, a $275 million project planned in Cedar Rapids.

    City officials confirmed that the casino site falls within an urban renewal district, a designation typically used for economic development, affordable housing, and revitalizing blighted areas. However, developers of the Cedar Rapids casino have stated they are not seeking tax incentives, potentially shielding the project from any direct impact if the bill becomes law.

    State Sen. Scott Webster (R-Bettendorf) emphasized that the legislation would not apply retroactively, meaning the Cedar Crossing Casino likely won’t be affected. “If they’re not asking for TIF (tax increment financing) incentives, this wouldn’t change anything for them,” Webster told The Gazette.

    Cedar Rapids Casino Sparks Tension in Legislature

    The push for this new restriction comes on the heels of a previous effort to freeze casino expansion in Iowa. Lawmakers previously attempted to impose a five-year moratorium on new casino licenses, a measure that cleared the House but ultimately failed in the Senate.

    Webster, who managed that moratorium bill, represents a district that includes two competing casinos: Rhythm City Casino Resort in Davenport and Isle Casino Hotel Bettendorf. Market studies have suggested that a new casino in Cedar Rapids could siphon revenue from these establishments, a concern for legislators representing those regions.

    The timing of this new proposal raises questions. Cedar Rapids Mayor Tiffany O’Donnell expressed frustration, stating that recent legislative efforts appear specifically aimed at derailing the Cedar Crossing Casino project.

    “In light of a series of bills that appear to target Cedar Crossing, we will do as we have from the beginning: Follow the process, adhere to the law, and act in the best interest of the thousands of Linn County voters who twice approved gaming in our community,” O’Donnell said in a statement.

    What’s at Stake for Cities and Casinos?

    Urban renewal areas in Iowa allow local governments to direct resources toward economic revitalization. These areas often rely on tax increment financing (TIF), which enables cities to reinvest tax revenues from new developments into infrastructure and public services.

    While casinos can be lucrative for local economies, lawmakers backing the bill argue that gambling projects should not be eligible for urban renewal incentives, even if they contribute to job creation and tax revenue.

    A few key points stand out:

    • Casinos that receive licenses before 2025 would not be affected by the proposed law.
    • Cities could still designate urban renewal areas, but gaming projects wouldn’t qualify for certain financial incentives.
    • Cedar Rapids’ casino, though located in an urban renewal district, has not applied for TIF funding, potentially rendering this bill irrelevant to its development.

    Next Steps for the Legislation

    Senate Study Bill 1159 and House Study Bill 208 are now set to move through the legislative process, with a public hearing scheduled for 11 a.m. Thursday at the Iowa Capitol.

    Whether the bills gain traction remains to be seen. Previous attempts to curb casino expansion in Iowa have faced resistance, particularly from communities that rely on gaming revenue to fund public projects. However, with some lawmakers pushing to limit casino growth, the debate over gambling’s role in economic development is far from over.

  • Mohegan Challenges Bain Capital’s Takeover of South Korea’s Inspire Resort

    Mohegan Challenges Bain Capital’s Takeover of South Korea’s Inspire Resort

    Mohegan Tribal Gaming Authority is pushing back against Bain Capital’s takeover of its South Korean integrated resort, arguing that the move is not in the best interests of the property, employees, customers, or other lenders. The dispute underscores the financial and operational complexities surrounding the multi-billion-dollar development, which was envisioned as a premier gaming and entertainment destination in Asia.

    Bain Capital Takes Control Amid Financial Tensions

    Bain Capital, the main lender to MGE Korea Limited, seized control of Inspire after accelerating its mezzanine loan. This move effectively handed the U.S.-based private equity firm operational control of the resort, which opened its non-gaming facilities in November 2023 and launched a foreigner-only casino in February 2024.

    Mohegan, however, is pushing back. The company maintains that while the resort has faced “near-term hurdles” typical of large-scale projects, the essential elements for long-term success are in place. It argues that Inspire simply needs more time to reach its full potential.

    Financial Covenant Dispute Heats Up

    Mohegan acknowledged it had fallen short on certain financial covenant tests but was quick to clarify that it has not missed any principal or interest payments. The loan from Bain Capital isn’t due until May 2027, with no required principal payments before then.

    In a statement, Mohegan revealed it had made multiple “good faith proposals” to modify the loan terms in line with industry norms. However, Bain Capital reportedly rejected these offers and instead sought conditions that would prioritize “large payments ahead of other Inspire lenders.”

    The casino operator sees this as an aggressive move, suggesting that Bain Capital is leveraging the situation for financial gain rather than acting in the best interests of the resort’s long-term growth.

    Mohegan’s Broader Commitment to South Korea

    Beyond the immediate dispute, Mohegan is highlighting its broader contributions to South Korea. Since securing its casino license in 2016, the company says it has played a role in job creation, economic development, and regulatory compliance.

    Mohegan emphasized that its approach is based on family ownership values, which prioritize regulatory integrity, public safety, and community engagement. The company insists that these principles were key reasons why South Korean authorities awarded it the license in the first place.

    Negotiations Remain Open, But Uncertainty Looms

    Despite the ongoing dispute, Mohegan says it remains open to dialogue with Bain Capital. The company reiterated its willingness to negotiate in good faith, hoping to reach a resolution that benefits all parties involved.

    “We have been and will continue to attempt to negotiate in good faith with Bain Capital to find a mutually agreeable solution,” Mohegan said.

    At the heart of the conflict is a significant financial burden. As of December 31, 2024, Mohegan’s Korea Term Loan had a face value of $460.7 million, with a book value of $436.9 million. Additionally, a separate Korea Credit Facility, set to mature in 2025, held a face value of $685.9 million and a book value of $669.5 million.

    While Mohegan has acknowledged difficulties in meeting some financial performance targets, it maintains these issues are not related to any failure to meet payment obligations at Inspire.

    The coming months will likely determine the fate of Mohegan’s South Korean ambitions, as negotiations with Bain Capital and interactions with local regulators shape the future of the multi-billion-dollar resort.

  • Churchill Downs Plans $920 Million Expansion Ahead of 154th Kentucky Derby

    Churchill Downs Plans $920 Million Expansion Ahead of 154th Kentucky Derby

    Churchill Downs Incorporated (CDI) is going all in on a massive expansion for its legendary racetrack in Louisville. With a $920 million investment, the company aims to redefine the Kentucky Derby experience by 2028. From upgraded seating to high-end hospitality, this ambitious overhaul is set to make history—just in time for the 154th Run for the Roses.

    A Record-Breaking Bet on the Future

    Fresh off the success of the 150th Kentucky Derby, which brought in an estimated $434 million in economic impact, CDI isn’t wasting time capitalizing on momentum. The planned renovations will be rolled out in phases from 2025 to 2028, with the first steps hinging on approval of financial incentives from local and state authorities.

    In 2025 alone, the company plans to pour $130 million into the upgrades. This is more than just a facelift—it’s a strategic play to secure the long-term growth of the Derby and cement Churchill Downs as a world-class venue for racing and entertainment.

    The Skye Project: Elevating the Derby Experience

    One of the biggest changes will be the transformation of the Skye Terrace into a five-story luxury structure. The Skye Project will:

    • Replace 11,500 uncovered box seats with 13,300 premium seating options
    • Extend from just past the finish line to the First Turn Club
    • Provide alternative premium seating during construction

    While the initial phases will be ready for the 153rd Kentucky Derby in 2027, full completion is set for 2028. The goal? A better, more immersive experience for fans who want a mix of tradition and modern comforts.

    Major Changes Coming to the Infield

    The infield—historically a mix of general admission chaos and temporary suites—is about to see a permanent transformation. The Conservatory Project will replace temporary structures with long-term premium seating, boosting hospitality options from 2,100 to 7,000.

    This shift means more luxury experiences for Derby guests, fewer logistical challenges with setting up temporary facilities, and a better overall flow for one of the most iconic sporting events in the country.

    Phased Rollout: What to Expect Each Year

    Here’s a breakdown of the timeline:

    Year Investment Key Developments
    2025 $130M+ Initial construction approvals, groundwork for Skye & Conservatory projects
    2026 TBD Continued Skye Project development, early Conservatory work
    2027 TBD Partial completion of Skye Project for 153rd Derby
    2028 $920M Total Full completion in time for 154th Derby

    What This Means for Churchill Downs and Kentucky

    For CDI, this expansion is a long-term play. A more luxurious, high-end experience means higher ticket prices, more premium seating, and an overall increase in revenue.

    For Louisville and Kentucky, the move brings more jobs, tourism dollars, and economic growth. As the Derby’s impact has already proven, improvements to Churchill Downs send ripples across the entire region.

    The stakes are high, but if the past is any indication, Churchill Downs is making the right bet.

  • Alabama Sports Betting Bill Struggles to Gain Support in Senate

    Alabama Sports Betting Bill Struggles to Gain Support in Senate

    Efforts to legalize sports betting in Alabama are hitting a wall, with key supporters admitting they don’t have the votes needed to push legislation forward. Sen. Greg Albritton, a long-time advocate for gambling expansion, says he’s short of the 21 votes required in the Senate—and without them, there won’t be a bill.

    No Bill Without the Votes

    Albritton made it clear: if he had the votes, there would already be a bill on the table. But the reality is different. Speaking on Capitol Journal, a local political television show, he didn’t sugarcoat the situation.

    “I would have a bill today dropped if I had 21 votes in the Senate,” Albritton said. “I don’t have 21 votes in the Senate.”

    That’s a tough spot for anyone pushing for legalized sports betting in a state where gambling remains a controversial issue. Alabama is one of just five states without a lottery, and previous attempts to pass gambling bills have all hit roadblocks. Even last year, when the Alabama House approved a gambling package, the Senate shut it down.

    A “Moral Obligation” to Regulate Gambling?

    Albritton is framing the issue as more than just money—he says it’s about responsibility. He believes Alabama has a duty to regulate gambling, not just let it happen in the shadows.

    “Last week, before Sunday’s Super Bowl, bets were being made in the State House,” he said. “I’ll say it that way. Bets were being made.”

    That’s a telling admission. If gambling is already happening—unregulated, untaxed, and outside the law—why not legalize and control it? Albritton even joked about Alabama native Jalen Hurts making people money in the Super Bowl, a reference to widespread betting.

    But moral arguments haven’t been enough to sway the Senate. Even with public interest and growing pressure, lawmakers remain divided.

    Tribal Influence and Political Maneuvering

    One of the biggest question marks in this debate is the role of the Poarch Band of Creek Indians (PCI). They’re Alabama’s only federally recognized tribe, and they’ve been making moves that suggest they’re preparing for gambling expansion.

    • In November 2024, PCI hired Fine Geddie, a powerful lobbying firm.
    • They recently bought Birmingham Racecourse, raising speculation about their intentions.

    Some thought tribal lobbying efforts could tip the scales in favor of gambling legislation. But Albritton says that’s not happening.

    “It doesn’t seem to [help],” he admitted. “I can’t seem to get my 21 votes.”

    That raises a bigger question: what, if anything, could change lawmakers’ minds? If lobbying, public demand, and economic incentives aren’t enough, what will be?

    What’s Next for Alabama Gambling?

    Senate President Pro-Tem Garlan Gudger suggested earlier this year that lawmakers might discuss the issue early in the session if interest was high enough. But with Albritton struggling to find the votes, that seems unlikely.

    For now, Alabama remains stuck in place. No lottery, no legal sports betting, and no clear path forward. Other states are raking in revenue from legalized gambling, while Alabama continues to debate whether to even bring the issue to a vote.

    Unless something changes, sports betting in Alabama will stay exactly where it is: happening behind closed doors, outside of state control, and without contributing a dime to public funds.

  • Hudson Yards Casino Plan Hits Roadblock as Manhattan Borough President Opposes Rezoning

    Hudson Yards Casino Plan Hits Roadblock as Manhattan Borough President Opposes Rezoning

    The ambitious plan to bring a casino to Hudson Yards is facing a significant hurdle. Manhattan Borough President Mark Levine has come out against the rezoning proposal, a crucial step for the project to move forward. His stance adds another layer of uncertainty to Wynn Resorts and Related Companies’ bid, which is one of 11 competing for three coveted downstate casino licenses in New York.

    Housing Concerns Take Center Stage

    Levine’s rejection isn’t about the casino itself but rather the lack of housing in the proposal. He pointed to a 2009 agreement under which Related Companies had committed to building between 3,454 and 5,700 residential units in the Western Rail Yards. The current $12 billion plan, however, only includes 1,500 apartments, with just 324 designated as affordable housing.

    For a borough grappling with a rental vacancy rate below 2% and average rents nearing $5,000 a month, the numbers just don’t add up for Levine. “There is no getting around the fact that we must create more housing, including affordable housing, to meet the need we see across the city,” he said.

    One glaring issue is the expensive infrastructure cost. The site sits atop an active rail yard, meaning a massive $2 billion platform must be built before any development can take place. Related Companies argues that without the casino, the costs make it financially unfeasible to construct additional housing.

    Developers Defend the Proposal

    Despite the pushback, Related and Wynn remain committed to the project. Natalie Ravits, a spokeswoman for Related, said the company has already made four modifications and engaged with local community groups in 10 meetings to address concerns.

    “The site cannot be developed without first paying for the $2 billion platform over the rail yards, and unfortunately, it is simply not viable to pay for the platform with housing,” Ravits explained.

    Developers have emphasized the economic benefits of the casino, including:

    • 5,000 permanent union jobs
    • 35,000 construction jobs
    • Increased tax revenue for the city

    Still, that argument hasn’t convinced everyone.

    Political and Community Opposition Grows

    Levine’s decision doesn’t carry legal weight, but it could significantly influence the final rezoning decision, which lies with the New York City Council. His opinion also matters in another critical way—he appoints one of six members to a community board that will cast a binding vote on the casino proposal this summer.

    For the project to move forward, at least four of the six board members must approve it. If Levine appoints someone opposed to the plan, Wynn and Related would need to win over four of the remaining five members—a tough challenge.

    The project is already facing headwinds:

    • A non-binding community board vote last month came out against it.
    • Friends of the High Line, an advocacy group, opposes the plan, citing concerns about obstructed views and reduced sunlight.

    Levine’s opposition adds another powerful voice to that resistance.

    Other Casino Bids Also Facing Challenges

    The Hudson Yards bid isn’t the only one encountering difficulties. Several other casino proposals in New York City are running into similar zoning and political hurdles.

    Location Developer(s) Key Challenge
    Coney Island Thor Equities & Partners Community opposition
    Bronx Bally’s Corporation Zoning restrictions
    Queens Mets owner Steve Cohen Local government concerns

    As the battle for three casino licenses heats up, the road ahead remains uncertain for all bidders. For now, Hudson Yards developers must find a way to address mounting concerns—or risk seeing their billion-dollar vision fade.

  • SPiCE South Asia 2025 to Bring Gaming Industry Leaders to Sri Lanka

    SPiCE South Asia 2025 to Bring Gaming Industry Leaders to Sri Lanka

  • U.S. Commercial Gaming Revenue Hits Record $71.9 Billion in 2024

    U.S. Commercial Gaming Revenue Hits Record $71.9 Billion in 2024

    The U.S. commercial gaming industry soared to new heights in 2024, pulling in a record-breaking $71.92 billion, marking its fourth straight year of growth. A report from the American Gaming Association (AGA) shows that while the sector expanded by 7.5% from 2023, signs of a slowdown are beginning to emerge, particularly in sports betting.

    With tribal gaming revenue yet to be added, total U.S. gaming revenue is on track to approach an astonishing $115 billion. But even as the numbers climb, December’s decline in sports betting hold rates signals a possible shift in momentum.

    Traditional Casinos Hold Strong, But Online Gaming Gains Ground

    Brick-and-mortar casinos are still the backbone of the industry, bringing in $50.32 billion—roughly 70% of the total commercial gaming revenue. Slots were the main driver, pulling in $36.06 billion, a modest 1.6% increase from the previous year. Table games, however, took a hit, slipping 1.7% to $10.14 billion.

    Online gaming, though, is growing at an incredible pace. The sector, which includes online casinos and sports betting, accounted for 30% of total revenue, pulling in $21.54 billion.

    • iGaming (online casino games) surged 28.7% year-over-year to $8.40 billion.
    • Sports betting revenue climbed 25.4%, reaching $13.71 billion.
    • Americans wagered a record $147.91 billion on sports, with 95% of bets placed online.

    December’s unexpected 2% revenue drop, largely due to lower-than-expected sportsbook hold rates, could be an early indicator of market volatility.

    States Cash In, But Growth Varies

    The gaming boom isn’t evenly distributed. Of the 36 commercial gaming jurisdictions, 28 reported record-breaking annual revenues. However, some states stood out with eye-popping growth.

    • Nebraska: Revenue skyrocketed 60.1%, thanks to new casino openings.
    • Virginia: Saw a 32.0% increase, fueled by expanding gaming options.
    • Illinois: Traditional casino gaming revenue jumped 11.0%.

    On the sports betting front, Illinois overtook New Jersey to become the second-largest U.S. market, boasting a 21.1% growth rate. Massachusetts, meanwhile, surged 38.8%, moving into the seventh spot nationwide.

    While most regions saw record gains, Las Vegas Strip revenues declined by 4.4%, signaling possible market saturation or shifting consumer habits. However, other Nevada gaming markets showed resilience:

    • Downtown Las Vegas jumped from the 17th to 13th largest gaming market.
    • Reno-Sparks climbed to the 11th spot.
    • Boulder Strip remained the 10th largest.

    iGaming: The Fastest-Growing Segment

    Online gaming continues to explode, with total revenue reaching $8.41 billion—a 28.7% year-over-year increase.

    • Pennsylvania remains the country’s largest iGaming market, generating $2.71 billion (+28.5%).
    • Michigan and New Jersey both surpassed $2 billion in annual online gaming revenue.
    • Rhode Island launched its iGaming market in early 2024, further expanding the industry.

    The final quarter of 2024 set an iGaming record, raking in $2.38 billion (+33.1% YoY), proving that online gambling is no longer just a niche market—it’s a major force.

    The Price of Illegal Gambling

    Despite the industry’s strong legal growth, illegal gambling continues to be a major concern. AGA President and CEO Bill Miller didn’t mince words about its impact:

    “Illegal operators cost the legal industry $44.2 billion in lost revenue and cheated states out of $13.3 billion in tax money.”

    He called for tougher enforcement, pointing out that illegal operators exploit regulatory loopholes and confuse consumers about what’s legal and what’s not.

    Tribal gaming also remains a key part of the industry’s landscape. Jason Giles, Executive Director of the Indian Gaming Association, highlighted its importance:

    “Indian gaming generated over $42 billion in gross revenues, which directly benefits tribal communities and citizens.”

    The Future of U.S. Gaming

    Chicagoland cemented itself as the third-largest gaming market in the U.S., helped by new casino openings that boosted its growth.

    With online gaming and sports betting continuing their rapid ascent, states will have to balance market expansion with regulatory oversight. And while overall numbers remain strong, the December dip in revenue raises questions about whether the industry’s red-hot growth streak is finally cooling off.

  • World Series of Poker Circuit Returns to Graton Resort & Casino With Over $1.2M in Prize Guarantees

    World Series of Poker Circuit Returns to Graton Resort & Casino With Over $1.2M in Prize Guarantees

    The World Series of Poker Circuit (WSOPC) is making a grand return to Graton Resort & Casino in Northern California this February. Poker enthusiasts will have their shot at 18 WSOPC gold rings from Feb. 13-24, with over $1.2 million in guaranteed prize money on the table. The biggest draw? A $500,000 guaranteed WSOPC Graton main event with a $1,700 buy-in, running from Feb. 21-24.

    A Look Back: Sasha Sabbaghian’s Victory in August

    If history is any indication, this tournament promises intense action. The same event last August drew 580 entries, far surpassing its $500,000 guarantee to create an $877,185 prize pool. In the end, Granite Bay’s Sasha Sabbaghian claimed the top spot, taking home his first WSOPC ring along with a $168,015 payday.

    This February, another wave of poker talent will battle for the coveted gold rings, and the question remains: will a new champion emerge, or will familiar faces reclaim the throne?

    High-Stakes Events With Massive Guarantees

    Graton’s WSOPC series isn’t just about the main event. A diverse schedule offers multiple six-figure guarantees, drawing both seasoned pros and newcomers alike.

    • $250,000 Guaranteed Mystery Bounty ($400 buy-in) – Feb. 13-16
    • $150,000 Guaranteed Monster Stack ($600 buy-in) – Feb. 18-20
    • $150,000 Guaranteed No-Limit Hold’em ($1,250 buy-in) – Feb. 19-20
    • $500,000 Guaranteed Main Event ($1,700 buy-in) – Feb. 21-24

    These tournaments alone make up a major chunk of the $1.2 million prize pool. Expect massive turnouts and dramatic showdowns at the tables.

    More Than Just No-Limit Hold’em

    While No-Limit Hold’em remains the star attraction, Graton’s WSOPC stop has something for every type of player. Specialty tournaments include:

    • Omaha 8/OB ($400 buy-in) – Feb. 18
    • H.O.R.S.E. ($400 buy-in) – Feb. 19
    • Pot-Limit Big O ($400 buy-in) – Feb. 20

    There’s also a Ladies Event ($400 buy-in) on Feb. 20 and two Seniors Events on Feb. 17 and Feb. 24, catering to different demographics of the poker community.

    Full WSOPC Graton Schedule

    For those mapping out their play, here’s the complete event lineup:

    Event Start Date Days Buy-in Guarantee
    No-Limit Hold’em $50K GTD Feb. 13 1 $400 $50,000
    Mystery Bounty Feb. 13 4 $400 $250,000
    Mega Stack Feb. 16 1 $400 $50,000
    No-Limit Hold’em $50K GTD Feb. 16 4 $250 $50,000
    Seniors Event Feb. 17 1 $400 $50,000
    Omaha 8/OB Feb. 18 1 $400 –
    Monster Stack Feb. 18 3 $600 $150,000
    H.O.R.S.E. Feb. 19 1 $400 –
    No-Limit Hold’em Feb. 19 2 $1,250 $150,000
    Pot-Limit Big O Feb. 20 1 $400 –
    Ladies Event Feb. 20 1 $400 –
    Main Event Feb. 21 4 $1,700 $500,000
    No-Limit Hold’em Feb. 22 1 $600 –
    No-Limit Hold’em Feb. 23 1 $400 –
    High Roller Event Feb. 23 2 $3,250 –
    Seniors Event Feb. 24 1 $250 –
    No-Limit Hold’em Feb. 24 1 $400 –

    The Graton Poker Experience

    Graton Resort & Casino, less than an hour north of San Francisco, is no stranger to big-time poker. Owned by the Federated Indians of Graton Rancheria, the casino is a prime poker destination in Northern California’s wine country.

    Its poker room, according to Graton’s official website, is designed for both casual and professional players. Since its inception, players have raked in over $18 million in jackpots and prizes. With 20 tables, lucrative Bad Beat Jackpots, and Daily Bonus Payouts, the Graton poker scene keeps the action going beyond just tournament season.

    The WSOP Circuit stop is just another feather in its cap, drawing national attention and top-tier competition.