iGaming Finance News

Brazilian President Luiz Inácio Lula da Silva has approved a new law that will raise taxes on betting companies in the country. The tax rate will go up from 12 percent to 15 percent by 2028. The government says the change is meant to increase revenue from the growing online betting market. The Ministry of […]

Rocket, a crypto app experimenting with what it calls “redistribution markets,” just pulled in $1.5 million in pre-seed funding. This raise puts Rocket alongside a handful of other young crypto startups that managed to land early-stage funding as the year wrapped up. Investors clearly haven’t lost their appetite for novel ideas in the space, even […]

GGBet informed players about closing UK services. The company gave up its Gambling Commission licences in early January. GGBet is shutting down its UK operations after giving up its licences with the Gambling Commission earlier this month. They’ve told customers the closure is planned, not a surprise, and the process has already started. On its […]

Banijay Group, the French company behind TV hits like Koh-Lanta, just made a big leap beyond entertainment. Banijay said it’s buying a majority stake in Tipico Group, a top player in sports betting and gaming across Germany and Austria, with headquarters in Malta. This €4.6 billion deal means Tipico will join forces with Betclic Banijay’s […]

Spain’s online gambling market kept growing strongly in 2025, led by casino games and sports betting. New data from the General Directorate for Gambling Regulation, or DGOJ, shows that gross gaming revenue in Spain’s online sector reached €405.36 million in the three months ending 30 September 2025. This is 16.49% higher than the same period […]

BetBlocker has warned it faces a fast-approaching funding cliff edge. The organisation worries about money running out soon. Support for tens of thousands of UK users could disappear. BetBlocker says it’s staring down a funding crisis, with little word from officials and no clear sense of what comes next. If the money runs out, tens […]

The Spanish gaming regulator, Dirección General de Ordenación del Juego, has released its financial report for Q2 of 2025. Results showed strong year-on-year growth, although quarter-on-quarter performance was more mixed. Deposits in Q2 totaled €1.35 billion representing a 23.7% increase compared to the same period last year. Withdrawals also followed this trend, rising 28.9% year-on-year […]

In June, Arizona sportsbook user spending dropped to its lowest point since August 2024. The Arizona Department of Gaming said handle and revenue both increased year over year. Event wagering receipts for June reached $543 million, a total 19.6% higher than for June last year, but 23.1% less than the $707.1 million posted in May. […]

A study from the association describes illegal gambling growing in the US. Key Points The AGA has issued an updated black market assessment, which shows illegal market shares are falling for iGaming and sports betting. The report estimates that $673.6bn is bet each year in the illegal market. The illegal iGaming segment now brings in […]

She said to the South Carolina Education Lottery that she felt her hands trembling while she put her signature on the ticket. The woman shared with lottery staff that she had already turned in her ticket and used part of her money to give to charity. She believed she made the win happen by praying, […]