Michigan’s online gambling industry hit unprecedented heights in 2024, as commercial and tribal operators collectively generated a remarkable $2.9 billion in gross receipts from iGaming and sports betting. This figure marks a 23.8% increase from the previous year, further cementing Michigan’s status as a major hub for online gaming. Notably, iGaming was the clear frontrunner, accounting for $2.4 billion of the total, while sports betting...
International Game Technology PLC (IGT) has secured a seven-year contract extension with the Thuringian State Lottery (LOTTO Thüringen) in Germany, reinforcing their long-standing relationship. Under this agreement, IGT will deploy its Aurora retail central system technology along with comprehensive software upgrades. The new system is expected to be operational by March 2026. Aurora, a key component of IGT’s OMNIA omnichannel...
Prediction market operator Kalshi is preparing to introduce event contracts tied to major American sports leagues, including the Super Bowl and the NFL’s conference championships. The company recently submitted documentation (pdf) to the U.S. Commodity Futures Trading Commission (CFTC), seeking approval for contracts that will allow traders to speculate on whether specific teams will win championships. The filing indicates that...
Hawaii has long been an outlier in the United States when it comes to gambling regulations, holding firm to its ban on all forms of betting. Despite repeated attempts in recent years to change this, lawmakers in the state have once again introduced a series of bills aimed at legalizing certain forms of gambling, including sports betting and fantasy sports. However, given Hawaii’s historically cautious stance on...
Vietnam’s police have dismantled a massive international money laundering operation, arresting five individuals and seizing vast amounts of illicitly obtained funds. The operation, which ran from 2022 to 2024, is reported to have funneled $1.2 billion (approximately 30,000 billion dong) into the country, much of it sourced from online fraud and international gambling. Authorities uncover widespread scheme: The criminal group, consisting of bank employees...