Trade and industry
Online gambling in the United States to see historic growth, Tom Brady moving the line and a new book from a chess queen are some of the short stacks CardsChat has collected in the past week in the orbit of the poker world.
A market research firm predicts huge annual growth in the online gambling market in America.
The “United States Online Gambling Market by End User and Gender – Forecast and Analysis 2022-2026” forecasts the United States online gambling market to grow at a compound annual growth rate (CAGR) of 12. 42% over the next four years.
That’s a total of $8 billion more than at the end of 2021, or an average of $2.2 billion per year. The report predicts a 16% increase in online gambling this year alone.
The report was compiled by Technavio, a global financial and market research firm.
A different research firm, Mordor Intelligence, predicts a CAGR of 17.34% over the same years.
The reason for these bullish annual growth forecasts is simple: more and more states have allowed companies to open virtual casinos, slot machines and sportsbooks within their borders.
“Relaxing government regulations are notably driving the growth of the online gambling market in the United States, although factors such as frequent changes in gambling laws may hamper the growth of the market,” reads a sample of Technavio’s report.
New York Sportsbook launched in January and instantly broke online gambling revenue records. Louisiana sportsbooks also went live in January, with Ohio and Maryland expected to join this spring.
Technavio names 888 Holdings, Ballys, Betfair, Bovada, Churchill Downs, Delaware Park Racetrack and Slots, DraftKings, FanDuel, Golden Nugget and MGM Resorts International among top providers.
Mordor adds Caesars Entertainment, Cherry Gold Casino and William Hill to this list.
Full reports are available for purchase. Technavio’s is $2,500 and Mordor’s is $4,750.
Opening of a new poker room in Cleveland
JACK Casino in Cleveland is celebrating the grand opening of its new poker room the first weekend in April with poker personality Veronica Brill, $75,000 high hand bonus and a guaranteed $150,000 Mystery Bounty tournament.
Join us April 1-3 for the grand opening of our poker room! $75,000 in promotional gifts capped at a $150,000 guaranteed tournament. It’s a Mystery Bounty event and only $600 to participate! The weekend events will be hosted by the one and only Veronica Brill (@Angry_Polak)! pic.twitter.com/8yJ8r9hBDO
— JACK Cleveland Poker (@JACKClePKR) March 14, 2022
From Friday, April 1 at 10:00 a.m. to Sunday, April 3 at 2:00 a.m., the poker room will offer $500 for every high hand every half hour.
Cash players will also earn entries into the raffle which awards $600 buy-ins to the $150,000 guaranteed Mystery Bounty tournament on Sunday.
Visit the JACK Casino website for more information.
Chess Queen releases a new book
Team PokerStars Pro and Chess Grandmaster Jennifer Shahade’s new book “Chess Queens: The True Story of a Chess Champion and the Greatest Female Players of All Time” is now available as an audio and e-book version in the United States. United States, as well as hardback in the United States. Great Britain
It will be released in hardcover in the US on June 14, for $28.99.
Maria Konnikova, poker author and GPI Award of Merit winner, calls Shahade “a brilliant and insightful thinker who never fails to entertain and engage.” Jennifer is a true role model for any woman who has ever thought of conquering worlds traditionally marked as masculine.
Shahade has traveled the world playing competitive chess since he was a teenager. The book is both a biography and a celebration of some of the greatest female chess players Shahade knows.
In addition to being a two-time United States Women’s Chess Champion, she is a leading authority on open Chinese poker, according to PokerStars.
Cardboard pre-orders of “Chess Queens” can be made on Shahade’s website.
Casino wants investigation after Tom Brady moves the line
Westgate Casino claims insider information used in Tom Brady’s decision to forgo retirement to make several big bets on Tampa Bay and wants the NFL to investigate.
According to the Las Vegas Review-Journal, someone placed a big bet on Thursday, March 10, locking out the Buccaneers to win the NFC 30-1 and the Super Bowl 60-1.
The bettor made a second bet after Tampa Bay’s odds to win the Super Bowl fell to 25-1.
Brady announced he would be returning for a 23rd season on March 13. The odds fell to 8.5-1 to win the Super Bowl and 4-1 to win the NFC Championship after signing up for the 2022 season.
Westgate SuperBook Vice President Jay Kornegay thinks something is wrong.
“There’s no doubt in my mind that information leaked in the middle of last week. It’s concerning. I don’t think I’ve ever said the NFL really needed to investigate anything. But it’s is something they need to look at and how it came out because there are a lot of books that took big bets in the middle of last week,” Kornegay told the Las-Vegas Review Journal.
The NFL had no comment.