Industry News for the Week of June 22, 2025

By iDEA | June 26, 2025

Industry News

Chad Beynon of Macquarie raised his 2025 online gaming gross revenue forecast, given the growth seen in online casino and sports betting so far this year. He now forecasts $31.6 billion in total iGaming revenue for the year, an increase of 25% from 2024. Beynon previously estimated a 20% increase in 2025.

Florida

The state of Florida wants a lawsuit aimed at shutting down its online sports betting market dismissed. The plaintiff, Protect the Constitution, LLC, argues that an expansion of gambling, like online sports betting, requires voter approval. In response, Florida’s motion states that the complaint should be dismissed for a number of reasons, including the argument that sports betting is not ‘casino gambling’ within the meaning of Section 30.

Maine

A Maine online casino bill has cleared another major hurdle. A committee of lawmakers voted LD 1164, which legalizes Maine’s online casino through the state’s tribal nations, off the Appropriations Table. Lawmakers sent 300 pieces of legislation to the table, and 117 are now making their way to Gov. Janet Mills. Mills has 10 days to sign or veto the bills.

Massachusetts

On June 23, the Joint Committee on Consumer Protection and Professional Licensure in Massachusetts held a public hearing. The discussion focused on House Bill 332 and Senate Bill 235, the two bills trying to get online casinos up and running in the Bay State. The plans include a blueprint for 10 online casino licenses.

New Jersey

After some back-and-forth, New Jersey state lawmakers have agreed on a new tax rate for online casinos and sports betting. While it’s an increase, they landed on a figure lower than Gov. Phil Murphy’s initial proposal. The new rate will be 19.75% for both, a step up from the current 15% for online casinos and 13% for online sports betting, but it’s a compromise from the 25% that was on the table.

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