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Posts by Chris Altruda

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Chicago Reaps $3.7 Million From Sports Betting Tax Chicago coffers saw an inflow of $3.7 million for the first month with a 10.25% tax on city-based sports betting revenue.

A little #FOIA can sometimes go a long way. The #Chicago Department of Finance said the city reaped $3.7 million in tax revenue in January, the first month after enacting a 10.25% levy on city-based #SportsBetting revenue.

www.ingame.com/chicago-spor...

1 month ago 1 1 0 0
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Illinois Passes Another Tax On Sports Betting Wagers Illinois lawmakers passed a bill imposing a tax on sports betting operators for each wager placed as part of their Fiscal Year 2026 budget

Now on InGame:

Another #Illinois budget, another #SportsBetting tax put in place. Details on the $0.25/$0.50 surcharge on wagers and all sorts of fun with revenue projections here:

www.ingame.com/illinois-new...

10 months ago 1 0 0 0
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Lotto.com Sues Texas Lottery Commission, Acting Executive Director Rey The company seeks an injunction to the rule barring couriers, claiming the commission "changed rules on the fly and without due process."

More #Texas lottery drama, with Lotto.com filing a lawsuit against the Texas Lottery Commission seeking an injunction against a rule passed in February banning couriers in the state:

www.lotterygeeks.com/lotto-com-su...

11 months ago 1 0 0 0
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Bally's Looking To Raise $195 Million With IPO For Chicago Casino The company has unveiled details of its initial public offering for its downtown Chicago casino, which it plans to open in September 2026.

Bally's is making a second go of an IPO for its downtown Chicago casino, seeking minority investment as part of the $195 million offering:

www.casinoreports.com/ballys-chica...

11 months ago 2 0 0 0
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Las Vegas Sands Pulls Out Of Downstate New York Casino Bid Sands announced it was withdrawing from its bid for one of New York's three downstate casino licenses, narrowing the field to nine.

It looks like there will be nine bids for the 3 #NewYork downstate casino licenses. Four of those bids propose Manhattan-based venues.

Seems like the odds are increasing one of them will be in the "City that never sleeps."

www.casinoreports.com/las-vegas-sa...

11 months ago 0 0 0 0

Potential biggest item for Thursday's #Illinois Gaming Board meeting looks to be a proposed administrative rule regarding the "Prohibition of Funding Sports Wagering Accounts with Credit Cards"

"Casino Cashless Wagering" could be another, but unsure if that relates to sweeps.

1 year ago 1 0 0 0
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Dreitzer Named Incoming Chair Of Nevada Gaming Control Board Nevada Gov. Joe Lombardo turned to a gaming industry veteran in naming Mike Dreitzer Incoming chair of the NGCB.

#Nevada Gov. Joe Lombardo has turned to a gaming industry veteran to head the NGCB, naming Mike Dreitzer Incoming Chair:

www.casinoreports.com/dreitzer-new...

1 year ago 0 0 0 0
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Pennsylvania Retail Sportsbooks Struggle Again In March - InGame Collectively, the brick-and-mortar operators finished with just a 4% hold in March, thanks in part to a chalk-heavy NCAA Tournament.

In the big picture, #Pennsylvania sportsbooks did not fare too badly in March with $49.2 million in revenue from $842.9 million handle.

But retail sportsbooks in the Keystone State will be happy Q1 is done after another tough month:

#SportsBetting

www.ingame.com/pennsylvania...

1 year ago 1 0 0 0
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Tax Revenue In Illinois Soars As Sportsbooks Roll In February Illinois' progressive tax rates on sportsbooks are doing their job as operators remitted $45.8 million in receipts for February.

Hello, people! Long time, no post, but that's going to start changing.

I am now full-time with Third Planet Media, which means lots of gaming news to cover! First up, a look at #Illinois #SportsBetting tax revenues from February:

www.ingame.com/illinois-spo...

1 year ago 1 0 0 0
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Kalshi CEO Says He Was 'Left With No Choice' But To Sue New Jersey, Nevada Regulators Kalshi has filed lawsuits against the gaming regulatory bodies of New Jersey and Nevada to continue offering sports-based prediction markets.

Here's an overview of the #Kalshi filings in New Jersey and Nevada against the state regulators in both, as well as CEO Tarek Mansour's public declaration about the platform's status and utility as a “quintessential truth machine.”

👇 @altruda73.bsky.social

www.casinoreports.com/kalshi-nevad...

1 year ago 1 1 0 0

That's a begrudging like.

1 year ago 1 0 1 0

I don't think I can handle these Wisconsin Supreme Court attack ads every TV timeout of every Marquette game regardless of network.

1 year ago 0 0 0 0
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Schuetz: On The First Amendment And 'Disgraced' Casino Mogul Steve Wynn Mr. Wynn appears not to be a big fan of a free press, and may now have his sights set on New York Times v Sullivan, a critical First Amendment case.

"There is incredible irony in Mr. Wynn’s case involving the Supreme Court. First of all, one of the justices on the Supreme Court who has made noises about wanting to take a look at Times v. Sullivan is Clarence Thomas..." writes Richard Schuetz. #scotus

www.casinoreports.com/schuetz-firs...

1 year ago 2 2 0 1
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Spin Cycle: New Coalition Of B&Ms, Barrage Of Michigan C&Ds Highlight Week In Gambling Welcome to “Spin Cycle,” Casino Reports’ Friday roundup of all things impactful, intriguing, impressive, or idiotic in the gambling industry.

Buckle up, it's time for the Spin Cycle, a relentless barrage of puns and gambling news.

Brought to you by @ericraskin.bsky.social

Topics today:

- That NAAiG-ing feeling
- MGCB back at it
- Expeditious Entain exit
- RIP, Miami John, and more

www.casinoreports.com/spin-cycle-2...

1 year ago 1 2 0 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. 2024 --> 2025 Revenue by operator (3/3):

#ResortsWorldBet $27.9K -> $17.8K (⬇️36.3%)
@betrivers.bsky.social
$79.6K -> $151.3K (⬆️90%)
#ESPNBET (WynnBET in 24)
$17.3K -> $572.3K (⬆️3200.9%)

20/20

1 year ago 0 0 0 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per @nysgc.bsky.social. 2024 --> 2025 Revenue by operator (2/3):

#DraftKings $8.82M -> $13.83M (⬆️56.7%)
#FanDuel $3.69M -> $39.01M (⬆️956.2%)
@fanatics-book.bsky.social
(PointsBet in 24) $196.3K -> $1.98M (⬆️907.6%)

19/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. 2024 --> 2025 Revenue by operator (1/3):

#BallyBet $27.1K -> $79.4K (⬆️193.3%)
@betmgmsportsbook.bsky.social
-$4.81M ->$4.75M (⬆️198.6%)
#Caesars -$970.4K -> $2.28M (⬆️335.1%)

18/x

1 year ago 0 0 1 0
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SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by mobile book (9/9)

#ESPNBET
Super Bowl: $1.76M/$506.5K/28.71%
Futures: $123.6K/$65.8K/53.19%
Total: $1.89M/$572.3K/30.32%

17/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by mobile book (8/9)

@betrivers.bsky.social
Super Bowl: $1.49M/$158.9K/10.65%
Futures: $297.3K/-$7553/-2.54%
Total: $1.79M/$151.3K/8.46%

16/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by mobile book (7/9)

#ResortsWorldBet
Super Bowl: $165.3K/$14.2K/8.58%
Futures: $8768/$3627/41.37%
Total: $174.1K/$17.8K/10.23%

15/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by mobile book (6/9)

@fanatics-book.bsky.social
Super Bowl: $7M/$1.69M/24.10%
Futures: $723.1K/$289.8K/40.08%
Total: $7.73M/$1.98M/25.60%

14/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by mobile book (5/9)

#FanDuel
Super Bowl: $56.78M/$34.48M/60.73%
Futures: $5.99M/$4.53M/75.62%
Total: $62.77M/$39.01M/62.15%

13/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by mobile book (4/9)

#DraftKings
Super Bowl: $40.47M/$10.5M/25.95%
Futures: $14.93M/$3.33M/22.30%
Total: $55.41M/$13.83M/24.97%

12/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by mobile book (3/9)

#Caesars
Super Bowl: $8.95M/$1.81M/20.19%
Futures: $1.27M/$474.6K/37.23%
Total: $10.22M/$2.28M/22.32%

11/x

1 year ago 0 0 1 0
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SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by mobile book (2/9)

@betmgmsportsbook.bsky.social
Super Bowl: $12.17M/$4.29M/35.24%
Futures: $870.6K/$454.6K/52.22%
Total: $13.04M/$4.75M/36.38%

10/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by mobile book (1/9)

#BallyBet
Super Bowl: $292K/~$67K/22.93%
Futures: $31K/$12.5K/40.14%
Total: $323.1K/$79.4K/24.59%

9/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by retail venue (4/4)

#TiogaDowns
Super Bowl: $114.7K/$66.4K/57.89%
Futures: $22.5K/$16.8K/74.70%
Total: $137.2K/$83.2K/60.64%

8/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per @nysgc.bsky.social. Han/Rev/Hold by retail venue (3/4)

#ResortsWorldNY
Super Bowl: $299.3K/$7687/2.57%
Futures: $91.2K/-$1332/-1.46%
Total: $390.5K/$6355/1.63%

7/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by retail venue (2/4)

#RiversCasinoNY
Super Bowl: $552.6K/-$20.9K/-3.79%
Futures: $154.3K/$46.8K/30.33%
Total: $706.9K/$25.9K/3.66%

6/x

1 year ago 0 0 1 0

SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social. Han/Rev/Hold by retail venue (1/4)

#delLagoResort
Super Bowl: $272.9K/-$27.6K/-10.10%
Futures: $50.6K/$7618/15.05%
Total: $323.6K/-$20K/-6.17%

5/x

1 year ago 0 0 1 0