This Week in Gambling: Ontario online gambling
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After a few years of working out the details, Ontario online gambling has gone live, allowing residents to bet on casino games and sporting events via websites and mobile apps. Several operators have launched, including FanDuel, BetMGM, Rush Street, Unibet, Bet365, FanDuel and 888. Also up and running are PointsBet Canada and theScore Bet, among others. To be clear, Ontario online gambling did exist already, but it was strictly run by the Provincial Lottery.
Restaurant chains can be known for many things, but Hooters sports betting is probably not the first thing you think of when you hear the brand’s name. That might be changing, though. But to be honest, the popular chain isn’t going to become a bookie, and they won’t profit directly from gambling. Instead of becoming an operator, Hooters sports betting will be handles by licensed operators in legal jurisdictions with the hope being higher profits from bettors who come to bet on games, but end up staying for the food and drinks. Hooters has already seen “promising results” from this model during the Super Bowl and March Madness.
For the 12th consecutive month, Nevada and Las Vegas casinos have managed to generate over $1 billion in gambling revenue. The State's Gaming Control Board has released the numbers for February, with the states casinos officially earning $1.1 billion in profits. Additionally, February set a new all time revenue record for Nevada, up nearly 45% from the year before. Not too shabby for a month with just 28 days in it! Some worry things will slow down as inflation and fuel prices rise. Others see Las Vegas casinos continuing to rock.
