Quote:
Originally Posted by Jay Random
As I understand it, his gambling licence depends on operating the Coyotes in Arizona. Apparently he thinks that the gambling addicts of Arizona can generate enough revenue to pay for the arena, and if he makes a few bucks off hockey fans too, that's gravy.
He might be right, but the sports gambling business is starting to remind me of dot-coms in early 2000. There might be enough business to make 10 percent of the operators rich, but the rest are bound to go bust. So much for the old rule that the house never loses.
|
They're barely making any money from their gambling license.
The State of Arizona releases a monthly report on the revenue from the sports gambling companies operating legally in the state:
https://gaming.az.gov/resources/repo...report-archive
Some operators, like FanDuel and DraftKings have been bringing in millions per month.
The site that Meruelo owns is SaharaBets. It launched in January 2022 and they still haven't cracked $100,000 in gross receipts in any month since launch.
They're not offsetting any losses from the Coyotes with their gambling operations.