Chris Altruda
@altruda73.bsky.social
Senior Analyst w/Third Planet Media (InGame, Casino Reports, Lottery Geeks)
Ex-Better Collective, STATS, AP, ESPN SportsTicker
NY Jets, Ottawa Senators, and Marquette basketball fan
Enjoyer of heavy metal
Ex-Better Collective, STATS, AP, ESPN SportsTicker
NY Jets, Ottawa Senators, and Marquette basketball fan
Enjoyer of heavy metal
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...
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...
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
www.ingame.com
June 1, 2025 at 6:46 PM
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...
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...
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...
www.lotterygeeks.com/lotto-com-su...
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."
www.lotterygeeks.com
April 24, 2025 at 10:24 PM
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...
www.lotterygeeks.com/lotto-com-su...
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...
www.casinoreports.com/ballys-chica...
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.
www.casinoreports.com
April 24, 2025 at 5:29 PM
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...
www.casinoreports.com/ballys-chica...
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...
Seems like the odds are increasing one of them will be in the "City that never sleeps."
www.casinoreports.com/las-vegas-sa...
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.
www.casinoreports.com
April 24, 2025 at 5:12 PM
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...
Seems like the odds are increasing one of them will be in the "City that never sleeps."
www.casinoreports.com/las-vegas-sa...
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.
"Casino Cashless Wagering" could be another, but unsure if that relates to sweeps.
April 22, 2025 at 8:59 PM
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.
"Casino Cashless Wagering" could be another, but unsure if that relates to sweeps.
#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...
www.casinoreports.com/dreitzer-new...
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.
www.casinoreports.com
April 22, 2025 at 3:49 PM
#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...
www.casinoreports.com/dreitzer-new...
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...
But retail sportsbooks in the Keystone State will be happy Q1 is done after another tough month:
#SportsBetting
www.ingame.com/pennsylvania...
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.
www.ingame.com
April 22, 2025 at 2:50 PM
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...
But retail sportsbooks in the Keystone State will be happy Q1 is done after another tough month:
#SportsBetting
www.ingame.com/pennsylvania...
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...
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...
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.
www.ingame.com
April 19, 2025 at 7:28 PM
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...
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...
Reposted by Chris Altruda
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...
👇 @altruda73.bsky.social
www.casinoreports.com/kalshi-nevad...
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.
www.casinoreports.com
March 31, 2025 at 6:41 PM
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...
👇 @altruda73.bsky.social
www.casinoreports.com/kalshi-nevad...
I don't think I can handle these Wisconsin Supreme Court attack ads every TV timeout of every Marquette game regardless of network.
February 19, 2025 at 2:51 AM
I don't think I can handle these Wisconsin Supreme Court attack ads every TV timeout of every Marquette game regardless of network.
Reposted by Chris Altruda
"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...
www.casinoreports.com/schuetz-firs...
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.
www.casinoreports.com
February 17, 2025 at 4:08 PM
"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...
www.casinoreports.com/schuetz-firs...
Reposted by Chris Altruda
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...
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...
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.
www.casinoreports.com
February 14, 2025 at 4:18 PM
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...
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...
SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social.
Total handle (including futures): $154,902,716
Total revenue (inc. futures): $62,765,285
Hold: 40.52%
State Tax Revenue: $31,971,165
1/x
@nysgc.bsky.social.
Total handle (including futures): $154,902,716
Total revenue (inc. futures): $62,765,285
Hold: 40.52%
State Tax Revenue: $31,971,165
1/x
February 13, 2025 at 5:24 PM
SPECIAL: #SuperBowlLIX 🧵for #NewYork #SportsBetting stats per
@nysgc.bsky.social.
Total handle (including futures): $154,902,716
Total revenue (inc. futures): $62,765,285
Hold: 40.52%
State Tax Revenue: $31,971,165
1/x
@nysgc.bsky.social.
Total handle (including futures): $154,902,716
Total revenue (inc. futures): $62,765,285
Hold: 40.52%
State Tax Revenue: $31,971,165
1/x
January 2025/YTD Top 10 #SportsBetting handles by state:
1 New York $2.49B*
2 N.C. $646.92M
3 Maryland $618.82M
4 Tenn. $543.65M
5 Indiana $538.71M
6 Iowa $289.73M
7 Oregon $83.57M
8 Maine $50.82M
9 West Va. $49.94M
10 Delaware $23.81M
*-U.S. monthly record
1 New York $2.49B*
2 N.C. $646.92M
3 Maryland $618.82M
4 Tenn. $543.65M
5 Indiana $538.71M
6 Iowa $289.73M
7 Oregon $83.57M
8 Maine $50.82M
9 West Va. $49.94M
10 Delaware $23.81M
*-U.S. monthly record
February 12, 2025 at 4:12 PM
January 2025/YTD Top 10 #SportsBetting handles by state:
1 New York $2.49B*
2 N.C. $646.92M
3 Maryland $618.82M
4 Tenn. $543.65M
5 Indiana $538.71M
6 Iowa $289.73M
7 Oregon $83.57M
8 Maine $50.82M
9 West Va. $49.94M
10 Delaware $23.81M
*-U.S. monthly record
1 New York $2.49B*
2 N.C. $646.92M
3 Maryland $618.82M
4 Tenn. $543.65M
5 Indiana $538.71M
6 Iowa $289.73M
7 Oregon $83.57M
8 Maine $50.82M
9 West Va. $49.94M
10 Delaware $23.81M
*-U.S. monthly record
January #SportsBetting stats 🧵for #NewYork via
@nysgc.bsky.social. Rankings out of 62 months in parentheses.
Handle: $2,487,676,801 (1)
Revenue: $248,001,821 (1)
Hold: 9.97% (26)
State Tax Revenue: $149,118,074*
*Includes $23.1M adjustment by
@betmgmsportsbook.bsky.social
@nysgc.bsky.social. Rankings out of 62 months in parentheses.
Handle: $2,487,676,801 (1)
Revenue: $248,001,821 (1)
Hold: 9.97% (26)
State Tax Revenue: $149,118,074*
*Includes $23.1M adjustment by
@betmgmsportsbook.bsky.social
February 11, 2025 at 2:26 AM
January #SportsBetting stats 🧵for #NewYork via
@nysgc.bsky.social. Rankings out of 62 months in parentheses.
Handle: $2,487,676,801 (1)
Revenue: $248,001,821 (1)
Hold: 9.97% (26)
State Tax Revenue: $149,118,074*
*Includes $23.1M adjustment by
@betmgmsportsbook.bsky.social
@nysgc.bsky.social. Rankings out of 62 months in parentheses.
Handle: $2,487,676,801 (1)
Revenue: $248,001,821 (1)
Hold: 9.97% (26)
State Tax Revenue: $149,118,074*
*Includes $23.1M adjustment by
@betmgmsportsbook.bsky.social
January #SportsBetting stats 🧵for #Maryland via
MD Lottery. Rankings out of 37 months in parentheses.
Handle: $618,824,226 (3)
GGR/Hold: $82,095,604/13.27% (3/12)
AGR/Hold: $54,964,079/8.88% (4/20)
State Tax Revenue: $8,244,612
1/x
MD Lottery. Rankings out of 37 months in parentheses.
Handle: $618,824,226 (3)
GGR/Hold: $82,095,604/13.27% (3/12)
AGR/Hold: $54,964,079/8.88% (4/20)
State Tax Revenue: $8,244,612
1/x
February 11, 2025 at 2:14 AM
January #SportsBetting stats 🧵for #Maryland via
MD Lottery. Rankings out of 37 months in parentheses.
Handle: $618,824,226 (3)
GGR/Hold: $82,095,604/13.27% (3/12)
AGR/Hold: $54,964,079/8.88% (4/20)
State Tax Revenue: $8,244,612
1/x
MD Lottery. Rankings out of 37 months in parentheses.
Handle: $618,824,226 (3)
GGR/Hold: $82,095,604/13.27% (3/12)
AGR/Hold: $54,964,079/8.88% (4/20)
State Tax Revenue: $8,244,612
1/x
All-time Top 10 post-PASPA #SportsBetting handles by state (* - thru Jan)
1 New York* $61.04B
2 New Jersey $58.47B
3 Nevada $45.62B
4 Illinois (thru Nov) $42.8B
5 Penn. ~$35B
6 Colorado $21.96B
7 Virginia $20.65B
8 Arizona (thru Oct) $20.57B
9 Indiana $20.05B
10 Michigan $19.23B
1 New York* $61.04B
2 New Jersey $58.47B
3 Nevada $45.62B
4 Illinois (thru Nov) $42.8B
5 Penn. ~$35B
6 Colorado $21.96B
7 Virginia $20.65B
8 Arizona (thru Oct) $20.57B
9 Indiana $20.05B
10 Michigan $19.23B
February 10, 2025 at 8:59 PM
All-time Top 10 post-PASPA #SportsBetting handles by state (* - thru Jan)
1 New York* $61.04B
2 New Jersey $58.47B
3 Nevada $45.62B
4 Illinois (thru Nov) $42.8B
5 Penn. ~$35B
6 Colorado $21.96B
7 Virginia $20.65B
8 Arizona (thru Oct) $20.57B
9 Indiana $20.05B
10 Michigan $19.23B
1 New York* $61.04B
2 New Jersey $58.47B
3 Nevada $45.62B
4 Illinois (thru Nov) $42.8B
5 Penn. ~$35B
6 Colorado $21.96B
7 Virginia $20.65B
8 Arizona (thru Oct) $20.57B
9 Indiana $20.05B
10 Michigan $19.23B
January 2025/YTD Top 10 #SportsBetting handles by state:
1 New York $2.49B*
2 Maryland $618.82M
3 Maine $50.82M
4 West Virginia $49.94M
5-10: TBD
* Post-PASPA U.S. monthly record
1 New York $2.49B*
2 Maryland $618.82M
3 Maine $50.82M
4 West Virginia $49.94M
5-10: TBD
* Post-PASPA U.S. monthly record
February 10, 2025 at 8:59 PM
January 2025/YTD Top 10 #SportsBetting handles by state:
1 New York $2.49B*
2 Maryland $618.82M
3 Maine $50.82M
4 West Virginia $49.94M
5-10: TBD
* Post-PASPA U.S. monthly record
1 New York $2.49B*
2 Maryland $618.82M
3 Maine $50.82M
4 West Virginia $49.94M
5-10: TBD
* Post-PASPA U.S. monthly record
FLASH: #NewYork extended its U.S. monthly #SportsBetting records for handle, revenue, and state tax revenue with January figures per @nysgc.bsky.social:
:
Handle: $2,487,676,801
Revenue: $248,001,821
State Tax: $149,118,074
Tax includes a $23M adjustment by @betmgmsportsbook.bsky.social
:
Handle: $2,487,676,801
Revenue: $248,001,821
State Tax: $149,118,074
Tax includes a $23M adjustment by @betmgmsportsbook.bsky.social
February 10, 2025 at 8:53 PM
FLASH: #NewYork extended its U.S. monthly #SportsBetting records for handle, revenue, and state tax revenue with January figures per @nysgc.bsky.social:
:
Handle: $2,487,676,801
Revenue: $248,001,821
State Tax: $149,118,074
Tax includes a $23M adjustment by @betmgmsportsbook.bsky.social
:
Handle: $2,487,676,801
Revenue: $248,001,821
State Tax: $149,118,074
Tax includes a $23M adjustment by @betmgmsportsbook.bsky.social
January 2025/YTD Top 10 #SportsBetting handles by state:
1 Maryland $618.82M
2 Maine $50.82M
3 West Virginia $49.94M
4-10: TBD
1 Maryland $618.82M
2 Maine $50.82M
3 West Virginia $49.94M
4-10: TBD
February 10, 2025 at 3:38 PM
January 2025/YTD Top 10 #SportsBetting handles by state:
1 Maryland $618.82M
2 Maine $50.82M
3 West Virginia $49.94M
4-10: TBD
1 Maryland $618.82M
2 Maine $50.82M
3 West Virginia $49.94M
4-10: TBD
January #SportsBetting stats 🧵for #Maine via
Maine Unit. Rankings out of 15 months in parentheses.
Handle: $50,817,781 (5)
GGR/Hold: $7,116,638/14.00% (2/4)
AGR/Hold: $6,993,416/13.76% (2/4)
State Tax Revenue: $699,341
1/x
Maine Unit. Rankings out of 15 months in parentheses.
Handle: $50,817,781 (5)
GGR/Hold: $7,116,638/14.00% (2/4)
AGR/Hold: $6,993,416/13.76% (2/4)
State Tax Revenue: $699,341
1/x
February 10, 2025 at 2:13 PM
January #SportsBetting stats 🧵for #Maine via
Maine Unit. Rankings out of 15 months in parentheses.
Handle: $50,817,781 (5)
GGR/Hold: $7,116,638/14.00% (2/4)
AGR/Hold: $6,993,416/13.76% (2/4)
State Tax Revenue: $699,341
1/x
Maine Unit. Rankings out of 15 months in parentheses.
Handle: $50,817,781 (5)
GGR/Hold: $7,116,638/14.00% (2/4)
AGR/Hold: $6,993,416/13.76% (2/4)
State Tax Revenue: $699,341
1/x
Weekly mobile #SportsBetting stats 🧵for #NewYork via
@nysgc.bsky.social. Rankings out of 161 weeks in parentheses.
Handle: $518,990,925 (17)
Revenue: $56,310,096 (13)
Hold: 10.85% (43)
Estimated State Taxes: $28,718,149
1/x
@nysgc.bsky.social. Rankings out of 161 weeks in parentheses.
Handle: $518,990,925 (17)
Revenue: $56,310,096 (13)
Hold: 10.85% (43)
Estimated State Taxes: $28,718,149
1/x
February 8, 2025 at 6:54 PM
Weekly mobile #SportsBetting stats 🧵for #NewYork via
@nysgc.bsky.social. Rankings out of 161 weeks in parentheses.
Handle: $518,990,925 (17)
Revenue: $56,310,096 (13)
Hold: 10.85% (43)
Estimated State Taxes: $28,718,149
1/x
@nysgc.bsky.social. Rankings out of 161 weeks in parentheses.
Handle: $518,990,925 (17)
Revenue: $56,310,096 (13)
Hold: 10.85% (43)
Estimated State Taxes: $28,718,149
1/x
Reposted by Chris Altruda
It's the Super Bowl week edition of LOW ROLLERS! Our friend and yours Dave Sharapan joins to talk Super Bowl buzz in Vegas, life lessons learned from a near-death experience & more. Plus: Terry Rozier scandal, Robinhood whiplash, online slots silliness, Ohio tax shenanigans: rss.com/podcasts/low...
Low Rollers - Low Rollers, Episode 5: Terry Rozier NBA betting investigation, Dave Sharapan on gambling, sports, and life | RSS.com
CasinoReports.com's weekly gaming-biz podcast, Low Rollers, returns! Hosts Eric Raskin and Jeff Edelstein analyze the potential implications of the Terry Rozier NBA betting investigation as well as Ro...
rss.com
February 6, 2025 at 5:26 PM
It's the Super Bowl week edition of LOW ROLLERS! Our friend and yours Dave Sharapan joins to talk Super Bowl buzz in Vegas, life lessons learned from a near-death experience & more. Plus: Terry Rozier scandal, Robinhood whiplash, online slots silliness, Ohio tax shenanigans: rss.com/podcasts/low...
Reposted by Chris Altruda
"If tariffs are imposed on Canada or Mexico, the most logical expectation is that a trip to Las Vegas will cost more for these foreigners, and if you believe that old demand function thing, that means less will be purchased," writes
economist and longtime Vegas guy Richard Schuetz.
economist and longtime Vegas guy Richard Schuetz.
February 6, 2025 at 5:43 PM
"If tariffs are imposed on Canada or Mexico, the most logical expectation is that a trip to Las Vegas will cost more for these foreigners, and if you believe that old demand function thing, that means less will be purchased," writes
economist and longtime Vegas guy Richard Schuetz.
economist and longtime Vegas guy Richard Schuetz.
So much legislative machinations, it'll make any policy wonk happy! #iGaming #SportsBetting
The legislative onslaught continues around matters in #iGaming, #sportsbetting, sweepstakes, and iLottery.
Here to cover the highlights and help keep you current,
@altruda73.bsky.social:
Here to cover the highlights and help keep you current,
@altruda73.bsky.social:
February 5, 2025 at 5:30 PM
So much legislative machinations, it'll make any policy wonk happy! #iGaming #SportsBetting