Gambling in the USA

Study Reveals New York is Losing $200+ Million by Not Legalising Online Sports Betting

Published

6 years ago

February 26, 2020

A recent study released by the market research firm Eilers & Krejcik in February 2020 has estimated that New York is losing $200+ million in revenue by not legalising online sports betting. As per the study, the estimated range of money being left on the table by New York is between $203 million and $286 million.

The research firm, in a report commissioned by New Jersey sports betting market-leaders FanDuel and DraftKings, proposes three scenarios of taxation using a projected amount of sports book licenses, from 7 to 10, being charged licensing fees of $12 million a year.

The projections are being put forth as Gov. Andrew Cuomo’s budget discussions that seek to address a $6 billion budget deficit in the Empire State do not highlight the legalisation of online sports gambling as a remedy.

“This is not the time to come up with creative although irresponsible revenue sources to solve a problem which doesn’t really exist,” Cuomo said.

State Sen. Joseph Addabbo, the most staunch proponent of sports gambling in the state, told The Action Network that if online sports gambling is not in the state budget by the time it is resolved on April 1, it will likely not be approved until 2021.

Addabbo’s strategy is to get Cuomo’s attention by showing how much money New York has lost to neighbouring New Jersey. The Garden State pulled in $4.6 billion in bets in 2019, 85% of Nevada’s handle, making Jersey the second-most valuable sports gambling state in the nation.

Eilers & Krejcik estimates that New Yorkers bet $837 million on sports in New Jersey. When subtracting the payouts for wins using a conservative hold percentage, it is an estimated $57.1 million in revenue for the operators and $6.2 million in tax revenue lost by New York to New Jersey.

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Gambling in the USA

IGT Games Deliver Giant Million-Dollar-Plus Jackpots in January

Published

2 days ago

February 25, 2026

GamingAmericas.com

igt-games-deliver-giant-million-dollar-plus-jackpots-in-january

IGT announced that its Wheel of Fortune Slots, Powerbucks, and MegaJackpots games awarded four momentous jackpots in January.

Lucky slots players won the following million-dollar-plus jackpots last month:

• On January 5, a Wheel of Fortune Slots player won $1,132,199 playing Wheel of Fortune Super Cash Link at Beau Rivage Resort & Casino in Biloxi, Miss.

• On January 8, a Powerbucks slots player won CA$1,657,823 playing Whitney Houston Powerbucks slots at Lake City Casino Vernon in British Columbia, Canada.

• On January 15, a Powerbucks slots player won CA$1,056,637 playing Gong Xi Fa Cai Grand at ACE Casino Red Deer in Alberta, Canada.

• On January 18, an online slots player won $1,247,834 playing MegaJackpots Cash Eruption on Caesars Palace Online Casino in New Jersey.

Wheel of Fortune slots have minted over 1200 millionaires and awarded over $3.6 billion in jackpots since their launch in 1996. IGT Powerbucks slots have paid 74 jackpots of CA$1 million or more since their Canadian debut in 2016.

The post IGT Games Deliver Giant Million-Dollar-Plus Jackpots in January appeared first on Americas iGaming & Sports Betting News.

AI in lottery

Scientific Games Appoints Rich Wasserman as Senior Vice President of Product Engineering

Published

3 days ago

February 24, 2026

Wladimir P.

scientific-games-appoints-rich-wasserman-as-senior-vice-president-of-product-engineering

Scientific Games has appointed Rich Wasserman as Senior Vice President of Product Engineering, reinforcing its commitment to advancing lottery systems technology and digital innovation.

Based in Atlanta, the global lottery provider continues to expand its technology leadership as one of the fastest-growing suppliers of retail and digital lottery solutions worldwide.

Leadership Experience from Amazon, Facebook and Stitch Fix

Wasserman brings more than 20 years of experience leading engineering, data science and product teams across high-performance technology platforms.

He previously held senior leadership roles at:

Amazon
Facebook
Stitch Fix

At Stitch Fix, he served as Vice President of Engineering and Data Science, leading automation, AI-driven systems and platform optimization initiatives. Wasserman holds a Ph.D. in Electrical Engineering and a Computer Science degree from the University at Buffalo.

Driving Innovation Across Global Lottery Platforms

In his new role, Wasserman will oversee Product Engineering across Scientific Games’ global portfolio serving more than 150 government-regulated lotteries. His responsibilities include advancing:

Retail lottery systems
Digital lottery platforms
Hardware and software innovation
Data analytics and AI capabilities
Consumer engagement technologies

CEO Pat McHugh stated that Wasserman’s experience scaling AI-powered platforms at world-class technology firms will help accelerate innovation and deliver next-generation lottery solutions focused on sustainable growth.

Strengthening Lottery Technology Leadership

Scientific Games continues to invest in technology, analytics and digital transformation to enhance consumer experiences across retail and online lottery channels. The appointment underscores the company’s strategy to integrate advanced analytics and machine learning into its global lottery ecosystem.

The post Scientific Games Appoints Rich Wasserman as Senior Vice President of Product Engineering appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Gambling in the USA

Scientific Games Appoints Rich Wasserman as Senior Vice President of Product Engineering

Published

3 days ago

February 24, 2026

GamingAmericas.com

Former Amazon, Facebook and Stitch Fix Exec to Lead Product Engineering for Global Lottery Provider

Scientific Games has named Rich Wasserman as Senior Vice President of Product Engineering. Wasserman brings more than 20 years of experience leading global engineering, data science and product organizations across complex, high-performance technology platforms.

As the industry’s fastest-growing lottery systems technology provider, Scientific Games continues to invest in technology and talent to deliver seamless consumer experiences across lottery retail and digital channels.

Wasserman previously held senior leadership roles at Amazon and Facebook, where he led large-scale systems powered by advanced analytics and machine learning. Most recently, he served as Vice President of Engineering and Data Science at Stitch Fix, leading integrated teams focused on automation and platform optimization. Wasserman holds a Ph.D. in Electrical Engineering and a degree in Computer Science from the University at Buffalo.

In his new role, Wasserman will lead Product Engineering across Scientific Games’ global product portfolio serving government-regulated lotteries, advancing hardware and software platforms to accelerate innovation, expand analytics capabilities and consumer-engagement to deliver long-term value for lottery customers worldwide.

“We’re excited to add Rich’s deep technical expertise scaling innovative, AI-driven platforms at world-class organizations to further strengthen Scientific Games’ technology leadership,” said Pat McHugh, Chief Executive Officer of Scientific Games. “As we continue investing in innovation and analytics across retail and digital lottery solutions, his experience and leadership will help us deliver the next generation of high-performance products that drive sustainable growth for our lottery customers worldwide.”

Scientific Games serves more than 150 lotteries globally with a comprehensive portfolio of retail systems, digital platforms, instant games and analytics solutions.

The post Scientific Games Appoints Rich Wasserman as Senior Vice President of Product Engineering appeared first on Americas iGaming & Sports Betting News.