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Morgan Stanley Survey Reveals 25 Percent of North American Interns Use Prediction Markets
A new Morgan Stanley intern survey found that over one-quarter of respondents had used betting or prediction market apps in the past year, highlighting growing engagement among younger adults in event-based wagering.
Casino Advisor 
Wall Street Interns Drive Prediction Market Adoption as Platforms Gain Financial Mainstream
Morgan Stanley's annual intern survey reveals 25% of North American summer interns used prediction markets in the past year, with usage patterns aligning broadly with young adult adoption trends.
Casino Advisor 
UK Gambling Giants Weather Tax Hike, But Sector Fragmentation Looms
Leading UK operators adapted to the 2025 remote gaming duty increase without passing costs to consumers, though smaller firms face disproportionate pressure and analysts warn of deeper market contraction ahead.
Casino Advisor 
Atlantic City Gaming Revenue Hits 14-Year High in July on Retail Strength
Atlantic City casinos won $304.2 million in July, marking the best month since 2012, while statewide gaming revenue reached $678.1 million with year-to-date totals surpassing $4.2 billion.
Casino Advisor 
Dart's Evolution Bid Appears Regulatory Compliance Move, Not Genuine Takeover Attempt
Billionaire Kenneth Dart's mandatory takeover offer for Evolution Gaming at SEK695 per share falls well below market price, signaling little genuine interest in acquiring the casino supplier.
Casino Advisor 
Macau commits $16.1 billion to reduce casino dependency and diversify economy
Macau's government will invest over $16 billion to shift non-gaming sectors to 60% of GDP by 2030, matching casino operators' own diversification commitments and responding to Beijing's national security concerns.
Casino Advisor 
Gen Z's Risky Bet: One in Four Treat Sports Wagering as Retirement Strategy
A new survey reveals 26% of Gen Z view sports betting as a legitimate long-term financial investment, with 52% diverting retirement savings into wagers, raising concerns about financial literacy and industry responsibility.
Casino Advisor 
Illegal US Gambling Market Hits $97B Amid Regulatory Expansion
New research estimates the unlicensed gambling market in the US has surged to $97.4 billion, growing 45% year-over-year despite widespread state regulation efforts.
Casino Advisor 
Powerball Jackpot Surges to $905M as 42nd Consecutive Rollover Occurs
No ticket matched all six numbers in Saturday's Powerball drawing, pushing the jackpot to $905 million for Monday's draw. Five tickets came close by matching all five white balls but missing the red Powerball.
Casino Advisor 
Century Casinos Eyes Alberta Exit as North American Portfolio Gains Momentum
Century Casinos reported record revenues and cash flow in Q2 2026, with strong North American performance offsetting Polish market challenges. The operator is now considering strategic options for its Alberta properties.
Casino Advisor 
Walters' Prediction Market Speculation Signals Growing Appetite for Alternative Betting Infrastructure
Sports betting legend Billy Walters has expressed regret that prediction markets did not exist during his peak earning years, suggesting such platforms could have generated vastly greater wealth.
Casino Advisor 
DraftKings Q2 Earnings Miss Despite Prediction Market Growth Signals
DraftKings missed Wall Street targets in Q2 2026 due to unfavorable sports outcomes including a historic Knicks NBA championship run and World Cup results, but its prediction market business showed strong momentum with over 600,000 customers year-to-date.
Casino Advisor 
World Cup Propels US Prediction Markets to $1.91B Daily Volume Record
US prediction markets hit nearly $2 billion in average daily trading volume during July, driven primarily by FIFA World Cup activity. The surge marks a 9% increase from June and signals sustained industry expansion beyond major sporting events.
Casino Advisor 
Mega Millions Jackpot Resets to $60M Following Recent $800M Win
The Friday Mega Millions drawing produced no jackpot winner, with three players taking home $20,000 each after a quieter-than-usual competition following the previous week's $800 million win.
Casino Advisor 
Ontario Sports Betting Surges Past $1B in June as World Cup Fuels Counter-Seasonal Spike
The 2026 FIFA World Cup drove Ontario's June sports betting handle to $1.033 billion, marking the eighth time in 12 months the province crossed the $1B threshold despite traditional summer slowdown.
Casino Advisor 
MGM Reports Strong Q2 2026 on Digital Growth and Las Vegas Strip Performance
MGM's second-quarter results show consolidated revenue of $4.5 billion, driven by digital expansion and Las Vegas Strip strength, though regional casino performance declined.
Casino Advisor 
Morgan Stanley Cuts DraftKings Price Target on Prediction Market Spending Plans
Morgan Stanley analyst Stephen Grambling lowered his price target on DraftKings to $36 from $39, citing the operator's substantial spending on prediction market expansion and weaker-than-expected second-quarter earnings.
Casino Advisor 
Florida Lottery Reports Three Seven-Figure Winners from April Draw Period
The Florida Lottery has released details on its biggest April winners, including a $5 million Crossword Cash prize and two additional seven-figure payouts across scratch-off games.
Casino Advisor 
New York Public Remains Split on Sports Betting Despite Growing Market Revenue
A Siena poll shows 40% of New Yorkers view online sports betting negatively versus just over 20% positively, even as the state generates over $1 billion in annual tax revenue and participation reaches 25% of residents.
Casino Advisor 
Macquarie Projects Prediction Market Volume to Hit $1.5 Trillion by 2030
Investment bank Macquarie forecasts prediction market turnover will reach $1.5 trillion by 2030, potentially generating $50 billion in annual industry revenue as competition intensifies among sportsbooks and financial platforms.
Casino Advisor 
China's World Cup Betting Surge Masks Deeper Market Realities and Soccer Ambitions
Chinese bettors wagered US$11.6 billion through legal channels during the 2026 World Cup despite their national team's absence, but the figure likely understates actual gambling activity.
Casino Advisor 
Mega Millions Jackpot Approaches $800M After Two Match 5 Winners Emerge
The Mega Millions lottery jackpot continues to climb toward $800 million after no top-prize winner in Tuesday's drawing, though two players secured seven-figure Match 5 prizes.
Casino Advisor 
Alberta's First Week Generates 3.2M Geolocation Checks as 100K+ Residents Register
GeoComply reported over 3.2 million geolocation compliance checks across Alberta's newly regulated iGaming market in its opening week, with World Cup finals driving peak engagement.
Casino Advisor 
Kalshi Valuation Surge Could Push Trump Jr Stake Toward Billion-Dollar Territory
Donald Trump Jr's $300,000 equity stake in prediction market Kalshi has appreciated dramatically as the company's valuation climbed from $2 billion to $22 billion in under 18 months.
Casino Advisor 