Andy Faust 
IL HB 3308 has been amended to include wagering at professional sports venues like Wrigley Field and United Center. The legislation calls for an “integrity fee” of 0.25% of total handle. The bill also requires bookmakers to use “official league data.” SPRINGFIELD, Ill. – Illinois … Read more
Online betting could give Pennsylvania the biggest sports wagering market in the US. Even if the state doesn’t challenge Nevada for total handle, PA should generate more sports betting tax revenue. HARRISBURG, Pa. – With online betting launching in the Keystone State, Pennsylvania could become … Read more
HB 1260 is the last sports betting bill standing in the Illinois legislature. Amendment 1 comes with $10 million in licensing fees for brick-and-mortar and online betting. Amendment 2 would charge even higher rates but limit retail licenses and online licenses statewide. SPRINGFIELD, Ill. – … Read more
Mississippi expects the lottery to launch in December. Lotto President Thomas Shaheen has years of experience with start-up lotteries in the US. Between sports betting and the lotto, MS could see tax revenues of $130-160 million annually. JACKSON, Miss. – The last 12 months have … Read more
Kambi is outperforming its peers in the US market, with double the potential growth. Legal sports betting expansion will allow Kambi to experience 40-50 percent EBITDA margins. SeekingAlpha suggests that investing in Kambi is a good bet. Atlantic City, N.J. – With the popular pastime … Read more
Keith Wachtel, the CBO and executive VP of the NHL, will be part of a Boston sports betting panel next week. The main topics of discussion will be “integrity” and commercial opportunities between leagues and bookmakers. ICE VOX North America will be held from May … Read more
State lawmakers in the Veterans and Legal Affairs Committee have thrown out all sports wagering bills except LD 553. LD 553 is a “concept bill” that will allow the committee to build their own sports wagering framework from scratch. There is no hard timeline for … Read more
Montana becomes the 10th state to give sports betting the green light. SB 25 and HB 725 authorize sports betting tabs and single-game betting, respectively. The Montana Lottery will administer single-game betting, while taverns and bars will offer sports pools and tabs. HELENA, Mont. – … Read more
HB 1327 will be read for a third and final time today. If the bill passes its third Senate reading, it will go to the governor’s desk before heading to the voters in November. Colorado sports betting revenues would go towards the Colorado Water Plan. … Read more
LOUISVILLE, Ky. – The 145th Kentucky Derby will be held this evening, kicking off the 2019 Triple Crown season. The buzz for this year’s race is as high as any in recent memory, with several legitimate contenders revealed earlier this week with the announcement of … Read more
Casinos along the Gulf Coast pulled in $124 million in revenue during March. Sports betting and March Madness are credited with this increase. Mississippi’s riverfront casinos fared worse, primarily due to increased competition from nearby Arkansas venues. JACKSON, Miss. – Thanks to the legalization of … Read more
After going dark almost right out of the gate, WV online sports betting looks poised for an impending return. In order to realize maximum revenue potential, online wagering in the state is a must. Five separate online vendor licenses have been granted by the West … Read more