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Sportsbooks collect $40.7 million in July; Online Gambling continues Winning

Sportsbooks collect $40.7 million in July; Online Gambling continues Winning Borgata tallied $562,280 in July revenue, up from $986,831 in June, and $18,138 per day.  “Revenue growth slowed at the existing books, but we expect it to hasten once football begins later this month,” Gouker said. “August will be fun to watch, as it will give us our first full month-over-month comparisons.” The new sportsbooks fared well. FanDuel Sportsbook posted $1.35 million in July gross revenue, leading all books by generating $43,790 per day. Bally’s AC generated $17,788. The addition of legal sportsbooks should only continue. Resorts is expected to open its sportsbook in days, and at least three more are in either the planning or construction phases. In addition, DraftKings became the maxims casino first operational online sportsbook earlier this month.  “By the end of the year, New Jersey should have perhaps as many as a dozen online sportsbooks,” Gouker said. “With football season coming soon, we expect the pace of conventional and online sportsbooks entering the market to only increase.” New Jersey’s legal online gambling industry continued its winning streak, too, generating a record $25.9 million in gross revenue in July, up 14.2 percent from $22.7 million in June. A 25.8 percent increase from $20.6 million in July 2017, July 2018 marks the 45th consecutive time that monthly gross revenue has increased how did gambling start year-over-year.  Legal online gambling has generated an average of $23.6 million a month and $165.4 million in annual revenue so far this year, putting the industry on pace to shatter the $245.6 million annual revenue mark set just last year.

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Court rejects Quebecs online gambling domain blocking plan

quebec-online-gambling-domain-blocking-rejected-court The province had sought to force local internet service providers (ISPs) to block international sites in order to boost the fortunes of Espace-jeux, the online division of the Loto Quebec provincial gambling monopoly. Quebec’s government had attempted to frame its censorship under the risible guise of protecting the health of the province’s residents. But the court found that Bill 74’s “pith and substance is to prevent online gambling not set up and operated by the province from being ‘communicated’ by ISPs, and not the protection of consumers or their health.” Apart from the province’s shameless attempt to employ unprecedented levels of censorship for purely financial gain, the court also found that the province had overstepped its authority by attempting to usurp two areas of exclusive federal jurisdiction: telecommunications and criminal law. Canada’s federal telecom regulator had previously assailed Bill 74 as an unconstitutional intrusion into its areas of authority, while top gambling sites the Quebec court challenge was mounted by the Canadian Wireless Telecommunications Association (CWTA), the trade group representing the nation’s ISPs. The court ruling emphasized the negative effect that Bill 74, if allowed to stand, would have had on freedom of expression.

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