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Chris Altruda

@altruda73.bsky.social
316 followers 258 following 1.5K posts

Gaming industry revenue numbers cruncher, all-around wonderful human being, and other assorted oddities. Ex-Third Planet Media, Better Collective, STATS, AP, ESPN SportsTicker NY Jets, Ottawa Senators, and Marquette basketball fan Enjoyer of heavy metal

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Chris Altruda @altruda73.bsky.social · 17/03/2026
A little #FOIA can sometimes go a long way. The #Chicago Department of Finance said the city reaped $3.7 million in tax revenue in January, the first month after enacting a 10.25% levy on city-based #SportsBetting revenue. www.ingame.com/chicago-spor...
ingame.com
Chicago Reaps $3.7 Million From Sports Betting Tax
Chicago coffers saw an inflow of $3.7 million for the first month with a 10.25% tax on city-based sports betting revenue.
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Chris Altruda @altruda73.bsky.social · 01/06/2025
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...
ingame.com
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
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Chris Altruda @altruda73.bsky.social · 24/04/2025
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...
lotterygeeks.com
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."
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Chris Altruda @altruda73.bsky.social · 24/04/2025
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...
casinoreports.com
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.
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Chris Altruda @altruda73.bsky.social · 24/04/2025
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...
casinoreports.com
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.
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Chris Altruda @altruda73.bsky.social · 22/04/2025
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.
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Chris Altruda @altruda73.bsky.social · 22/04/2025
#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...
casinoreports.com
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.
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Chris Altruda @altruda73.bsky.social · 22/04/2025
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...
ingame.com
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.
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Chris Altruda @altruda73.bsky.social · 19/04/2025
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...
ingame.com
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.
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Reposted by Chris Altruda
Casino Reports @casinoreports.bsky.social · 31/03/2025
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...
casinoreports.com
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.
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Chris Altruda @altruda73.bsky.social · 19/02/2025
I don't think I can handle these Wisconsin Supreme Court attack ads every TV timeout of every Marquette game regardless of network.
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Casino Reports @casinoreports.bsky.social · 17/02/2025
"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...
casinoreports.com
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.
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Casino Reports @casinoreports.bsky.social · 14/02/2025
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...
casinoreports.com
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.
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Chris Altruda @altruda73.bsky.social · 13/02/2025
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
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Chris Altruda @altruda73.bsky.social · 12/02/2025
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
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Chris Altruda @altruda73.bsky.social · 11/02/2025
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
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Chris Altruda @altruda73.bsky.social · 11/02/2025
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
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Chris Altruda @altruda73.bsky.social · 10/02/2025
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
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Chris Altruda @altruda73.bsky.social · 10/02/2025
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
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Chris Altruda @altruda73.bsky.social · 10/02/2025
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
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Chris Altruda @altruda73.bsky.social · 10/02/2025
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
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Chris Altruda @altruda73.bsky.social · 10/02/2025
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
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Chris Altruda @altruda73.bsky.social · 08/02/2025
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
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Eric Raskin @ericraskin.bsky.social · 06/02/2025
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...
rss.com
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...
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Casino Reports @casinoreports.bsky.social · 06/02/2025
"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.
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Chris Altruda @altruda73.bsky.social · 05/02/2025
So much legislative machinations, it'll make any policy wonk happy! #iGaming #SportsBetting
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Chris Altruda @altruda73.bsky.social · 04/02/2025
Known 2024 full-year #SportsBetting handle by state (Illinois & Arizona still outstanding) (1/3) 1 New York $22.7B 2 New Jersey $12.77B 3 Ohio $8.89B 4 Pennsylvania $8.42B 5 Nevada ~$7.9B 6 Massachusetts $7.4B 7 Virginia $6.93B 8 Colorado $6.19B 9 Maryland $5.94B 10 Michigan $5.51B
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Chris Altruda @altruda73.bsky.social · 04/02/2025
A notable raising of the stakes by the #Florida Gaming Control Commission, which sent cease-and-desist letters to #Bovada, #MyBookie and #BetUS covering #SportsBetting, #HorseRacing and online #casino gaming: www.casinoreports.com/florida-offs...
casinoreports.com
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Chris Altruda @altruda73.bsky.social · 03/02/2025
Jan/2025 YTD #SportsBetting State Hold Scoreboard: 1/32 reports counted: 10%+ Hold: 1 (100%) 9%-9.99%: 0 8%-8.99%: 0 7%-7.99%: 0 ≥ 7% industry standard: 1/1 (100%) 6%-6.99%: 0 5%-5.99%: 0 Sub-5%: 0 Sub-0%: 0 Mean/Median: 11.5742%
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Chris Altruda @altruda73.bsky.social · 03/02/2025
2024 all-time post-PASPA U.S. #SportsBetting stats. Inc: TN handle/tax & NE revenue/tax. Does not inc FL: Handle: $458,490,537,882 GGR: $38,486,432,135 AGR: $33,816,599,317 Known Deductions: $4,669,832,818 Estimated State Tax Revenue: $7,340,742,426
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Chris Altruda @altruda73.bsky.social · 03/02/2025
All-time post-PASPA known U.S. #SportsBetting stats thru West Va. on 2/5: Handle: $450,899,146,585 GGR/WR: $38,480,017,619/8.5341% AGR/WR: $33,810,184,801/7.4984% Known Deductions: $4,669,832,818 Estimated State Tax Revenue: $7,199,302,112
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Chris Altruda @altruda73.bsky.social · 03/02/2025
January/2025 YTD U.S. #SportsBetting stats; West Va. last on 2/3 (1/32 states): Handle: $49,936,953 GGR/Hold: $5,779,801/11.5742% AGR/Hold: $5,779,801/11.5742% Known Deductions: $0 Estimated State Tax Revenue: $491,283
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Chris Altruda @altruda73.bsky.social · 03/02/2025
January 2025 #SportsBetting stats 🧵for #WestVirginia via WV Lottery. Rankings out of 77 months in parentheses: Handle: $49,936,953 (18) Revenue: $5,779,801 (11) Hold: 11.57% (23) State Tax Revenue: $491,283 1/x
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Chris Altruda @altruda73.bsky.social · 02/02/2025
Trains, planes, and automobiles Sunday funday. Off to the dirty Jersey for a fortnight.
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Reposted by Chris Altruda
Mike Dickison @adzebill.bsky.social · 01/02/2025
The Internet Archive has to date downloaded 500 terabytes of US government websites, which it crawls at the end of every presidential term. The whole archive is fully searchable. This effort's housed by a donation-funded nonprofit, not a branch of the US government. blog.archive.org/2024/05/08/e...
blog.archive.org
End of Term Web Archive – Preserving the Transition of a Nation | Internet Archive Blogs
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Chris Altruda @altruda73.bsky.social · 01/02/2025
Undisclosed location per @chicagobars.bsky.social rules, but they do serve Yuengling here.
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Chris Altruda @altruda73.bsky.social · 31/01/2025
Running Top 10 December #SportsBetting handles by state: 1 New York $2.29B 2 New Jersey $1.22B 3 OHIO $964.4M <-NEW 4 Penn. $893.4M 5 Nevada $821.6M 6 Mass. $788.3M 7 Virginia $734.4M 8 Colorado $648.43M 9 Maryland $637.3M 10 N.C. $629.5M
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Chris Altruda @altruda73.bsky.social · 31/01/2025
Running 2024 YTD Top 10 #SportsBetting handles by state (*-thru Dec.) 1 New York* $22.7B 2 New Jersey* $12.77B 3 Illinois $12.53B 4 Ohio* $8.89B 5 Penn.* $8.42B 6 Nevada* ~$7.9B 7 Mass.* $7.4B 8 Virginia* $6.93B 9 Ariz. (Oct.) $6.21B 10 Colorado* $6.19B
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Chris Altruda @altruda73.bsky.social · 31/01/2025
2024 Known full-year Top 10 #SportsBetting handles by state: 1 New York $22.7B 2 New Jersey $12.77B 3 OHIO $8.89B <-NEW 4 Penn. $8.42B 5 Nevada ~$7.9B 6 Mass. $7.4B 7 Virginia $6.93B 8 Colorado $6.19B 9 Maryland $5.94B 10 Michigan $5.51B
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Chris Altruda @altruda73.bsky.social · 31/01/2025
Post-PASPA Top 10 #SportsBetting handles by state (*-thru Dec): 1 New York* $58.55B 2 New Jersey* $58.47B 3 Nevada* $45.6B 4 Illinois $42.8B 5 Penn.* ~$35B 6 Colorado* $21.96B 7 Virginia* $20.65B 8 Arizona (Oct) $20.57B 9 Indiana* $20.05B 10 Michigan* $19.23B
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Chris Altruda @altruda73.bsky.social · 31/01/2025
Running Top 10 December #SportsBetting handles by state: 1 New York $2.29B 2 New Jersey $1.22B 3 Penn. $893.4M 4 Nevada $821.6M 5 Mass. $788.3M 6 VIRGINIA $734.4M <-NEW 7 Colorado $648.43M 8 Maryland $637.3M 9 N.C. $629.5M 10 Michigan $617.5M
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Chris Altruda @altruda73.bsky.social · 31/01/2025
Running 2024 YTD Top 10 #SportsBetting handles by state (*-thru Dec.) 1 New York* $22.7B 2 New Jersey* $12.77B 3 Illinois $12.53B 4 Penn.* $8.42B 5 Ohio $7.93B 6 Nevada* ~$7.9B 7 Mass.* $7.4B 8 Virginia* $6.93B 9 Ariz. (Oct.) $6.21B 10 Colorado* $6.19B
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Chris Altruda @altruda73.bsky.social · 31/01/2025
2024 Known full-year #SportsBetting handles by state 1 New York $22.7B 2 New Jersey $12.77B 3 Penn. $8.42B 4 Nevada ~$7.9B 5 Mass. $7.4B 6 VIRGINIA $6.93B <-NEW 7 Colorado $6.19B 8 Maryland $5.94B 9 Michigan $5.51B 10 N.C. ~$5.4B
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Chris Altruda @altruda73.bsky.social · 31/01/2025
FLASH: #Virginia became the 9th state to top $20 billion #SportsBetting handle post-PASPA and the 6th to surpass $2 billion in GGR after the Virginia Lottery reported $734.4 million handle and $49.55 million GGR for December.
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Chris Altruda @altruda73.bsky.social · 30/01/2025
Post-PASPA Top 10 #SportsBetting handles by state (*-thru Dec): 1 New York* $58.55B 2 New Jersey* $58.47B 3 Nevada* $45.6B 4 Illinois $42.8B 5 Penn.* ~$35B 6 Colorado* $21.96B 7 Arizona (Oct) $20.57B 8 Indiana* $20.05B 9 Virginia $19.92B 10 Michigan* $19.23B
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Chris Altruda @altruda73.bsky.social · 30/01/2025
Running 2024 YTD Top 10 #SportsBetting handles by state (*-thru Dec.) 1 New York* $22.7B 2 New Jersey* $12.77B 3 Illinois $12.53B 4 Penn.* $8.42B 5 Ohio $7.93B 6 Nevada* ~$7.9B 7 Mass.* $7.4B 8 Ariz. (Oct.) $6.21B 9 Virginia $6.191B 10 Colorado* $6.188B
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Chris Altruda @altruda73.bsky.social · 30/01/2025
Running Top 10 December #SportsBetting handles by state: 1 New York $2.29B 2 New Jersey $1.22B 3 Penn. $893.4M 4 Nevada $821.6M 5 Mass. $788.3M 6 COLORADO $648.43M <-NEW 7 Maryland $637.3M 8 N.C. $629.5M 9 Michigan $617.5M 10 Tenn. $569.8M
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Chris Altruda @altruda73.bsky.social · 30/01/2025
2024 Known full-year #SportsBetting handles by state: 1 New York $22.7B 2 New Jersey $12.77B 3 Pennsylvania $8.42B 4 Nevada ~$7.9B 5 Massachusetts $7.4B 6 Colorado $6.19B 7 Maryland $5.94B 8 Michigan $5.51B 9 North Carolina ~$5.4B 10 Tennessee $5.26B
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Chris Altruda @altruda73.bsky.social · 30/01/2025
2024 YTD running #SportsBetting State Hold Scoreboard. 377/382 state reports counted: 10%+ Hold: 192 (50.93%) 9%-9.99%: 44 8%-8.99%: 36 7%-7.99%: 42 ≥ 7% industry standard: 314/377 (83.29%) 6%-6.99%: 28 5%-5.99%: 14 Sub-5%: 16 Sub-0%: 5 Mean/Median: 9.8605%/10.05%
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Chris Altruda @altruda73.bsky.social · 30/01/2025
Dec. 2024 #SportsBetting State Hold Scoreboard: 28/32 reports counted: 10%+ Hold: 0 9%-9.99%: 2 8%-8.99%: 0 7%-7.99%: 5 ≥ 7% industry standard: 7/28 (25%) 6%-6.99%: 4 5%-5.99%: 6 Sub-5%: 9 Sub-0%: 2 Mean/Median: 4.9154%/5.625%
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