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April 1, 2025 – FairOdds Network

Daily Archives: April 1, 2025

Sans Super Bowl, Nevada gaming revenue slides 9% in February

Nevada's gaming industry watched the Super Bowl from afar this February instead of hosting it and revenue fell 9% year-on-year as a result.

According to data from the Nevada Gaming Control Board published on Monday (31 March), the state brought in $1.21 billion (£936.5 million/€1.12 billion) in monthly gross gaming revenue (GGR). That represents a decrease of just under 10% from last February’s mark of $1.34 billion. The marked decrease is most easily attributable to the Super Bowl, which was estimated to have generated $1 billion in economic impact for the region last year.

For the fiscal year to date, Nevada gaming overall is down 1.1% year-on-year. February’s figures are a stark contrast from January, which, at $1.43 billion, was the second-highest monthly total ever.

Decreases were posted in nearly every market, most notably the Las Vegas Strip. America’s gambling capital posted $690.3 million in February GGR, down 14% YoY. The Strip’s record-breaking post-Covid run could ..

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Ohio joins growing list of states to issue cease-and-desists to prediction market operators

State's gaming commission says Kalshi, Robinhood, Crypto.com all need licences to offer sports contracts.

Nothing attracts a crowd like a crowd. Fast on the heels of Nevada and New Jersey sending cease-and-desist letters to prediction market operators offering contracts on sports events and Massachusetts openly questioning their legality, Ohio piled in on Monday (31 March).

As explained in a press release, the Ohio Casino Control Commission (OCCC) issued cease-and-desist notices to three sites allowing users to risk money on sports outcomes: Kalshi, Robinhood and Crypto.com.

In his statement within the press release, OCCC executive director Matthew Schuler was explicit in his interpretation of what the trio of companies are doing.

“Purchasing a contract based on which team a person thinks will win a sporting event is no different than placing a bet through a traditional sportsbook,” said Schuler. “The only difference is that these event contracts do not have the consumer prote..

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In rare appearance, Genetski, Robins sing tribal praises at IGA

Nearly three years removed from a disastrous attempt to bring sports betting to California, the heads of FanDuel and DraftKings made a rare public appearance on Monday (31 March) in efforts to curry favour with tribal gaming stakeholders.

FanDuel president Christian Genetski joined DraftKings co-founder and CEO Jason Robins to discuss their companies’ tribal gaming strategies with Victor Rocha, conference chair of the Indian Gaming Association (IGA). The trio headlined the first day of the Indian Gaming Tradeshow and Convention in San Diego.

On paper, the conversation was about tribes and operators “structuring successful partnerships” to ensure “long-term sustainability”. But the packed crowd of industry representatives knew that the backdrop of the conversation was much more controversial.

A coalition of commercial bookmakers led by FanDuel and DraftKings in 2022 spent hundreds of millions on Prop 27, which would have legalised mobile sports betting in California. Tribes also put..

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