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Seven US states report $688.4m in October iGaming revenue

Regulation

iGaming revenue across Michigan, New Jersey, Pennsylvania, Connecticut, West Virginia, Delaware and Rhode Island totalled $688.4 million in October 2024, compared with $562.4 million a year earlier. The report said every state except Pennsylvania set a new revenue record; all except Michigan exceeded their September records.

The state-by-state totals and records provide operators and investors with a snapshot of online casino market performance.

End-of-day close DraftKings (DKNG), USD, to 3 January 2025
Story date7 October 20243 January 2025

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Enforcement & compliance

Underdog Sports surrenders fantasy licences in seven US states

Underdog Sports founder and chief executive Jeremy Levine said the company will surrender its fantasy sports licences in Massachusetts, Maryland, Michigan, Mississippi, New Jersey, Pennsylvania and Ohio. The company will stop accepting new Drafts entries in those states and close the product when the 2026 NFL season begins on 9 September, while allowing existing drafts to finish; Levine said the move followed state regulators’ positions on its prediction markets.

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