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The total taxable gaming revenue from online gaming was $17,726,085 for August, up 6.4% from July ($16,655,426). The state revenue share rose by the same percentage, from almost $3 million to $3.19 million, according to figures from the Connecticut State Department of Consumer Protection.
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In those states where iCasino is allowed, there¡¯s plenty of money to be made. But building such an entity as an operator is far more involved than simply buying a web domain and declaring ¡°open for business.¡± There are laws, regulations, marketing agreements, vendors, suppliers, compliance offers ¡ª all of which have to be on the same page just to open the virtual doors to your gaming paradise, let alone turn a profit.
China tried to pressure the Philippines into banning POGOs, but officials didn¡¯t listen as the PHP7.18 billion (US$149.3 million) in revenue they generated was too good to ignore.
Some names in this story have been changed at the sources¡¯ request.