Michael Molter 
DraftKings reported a $200 million net loss in Q4 2024 despite a 13% revenue increase year-over-year, highlighting ongoing profitability challenges. The company secured a $500 million loan to fuel expansion, with a strong focus on iGaming as a potential path to future profits. Smaller sportsbooks … Read more
After an $83 million lottery jackpot was won, Lieutenant Governor Dan Patrick started an investigation into the Texas Lottery. The focus on ending mobile Lottery purchases in Texas could sway Patrick’s attention from Texas sports betting. AUSTIN, Texas – A recent $83.5 million jackpot win … Read more
Federal lawmakers have reintroduced the Discriminatory Gaming Tax Repeal Act of 2025, which focuse on taxing sportsbook operators. Representatives Dina Titus and Guy Reschenthaler believe the money owed by sportsbooks is giving offshore betting sites the edge. They also believe that sports bettors are choosing … Read more
Wyoming sports betting bill HB 299 was approved in the House over a week ago. Sitting in the Senate awaiting introduction, if passed, the number of Wyoming sportsbooks online would increase. CHEYENNE, Wyo. – Wyoming’s HB 299, which aims to authorize tribal sportsbooks for online … Read more
Iowa legislators are taking a closer look at sports betting regulations, with one bill introduced that could impact how winnings are taxed. Another measure puts unwritten rules into effect but still could affect bettors in a negative by accident. DES MOINES, Iowa – On Wednesday … Read more
Senators expressed concern about college sports betting in Minnesota as well as online access. Because of their concerns, the MN SF 757 stalls in the committee stage until potential changes are made. MINNEAPOLIS – A highly anticipated bill to legalize sports betting in Minnesota failed … Read more
Legislators filed two Texas gambling bills on Wednesday, marking the start of legal Texas sports betting conversations for 2025. AUSTIN, Texas – On Wednesday, Texas lawmakers introduced significant legislation aimed at legalizing sports betting within the state. State Representative Sam Harless (R-Spring) filed House Joint … Read more
As Hawaii’s HB1308 sports betting bill moves through the legislative process, it finds itself at the center of intense debate Wednesday. HONOLULU – Hawaii’s sports betting bill is slated to draw significant testimony in the Judiciary and Hawaiian Affairs House Committee on Wednesday, with a … Read more
Two sports betting bills in Oklahoma are nearing a vote on the House floor. One sets up an entire framework while the other moves the choice to Oklahoma voters. OKLAHOMA CITY, Okla. – Advancing out of a House subcommittee on Monday, House Bill 1047 remains … Read more
The Super Bowl 59 betting lines have adjusted since opening. Both the Philadelphia Eagles and the Under have seen early action. NEW ORLEANS – The Super Bowl 59 betting odds have shifted in the days since NFL sportsbooks first posted them. The Kansas City Chiefs, … Read more
Depending on which sportsbook you choose, the Super Bowl National Anthem bet for how long Jon Batiste will take to perform differs by wording. NEW ORLEANS – Super Bowl prop bets are some of the wildest and most entertaining wagers of the year, and the … Read more
The CFTC is cracking down on sports-related prediction markets, forcing Robinhood Derivatives to halt its Super Bowl betting contracts and investigating platforms like Crypto.com and Kalshi. If the CFTC rules against these platforms, bettors could see their Super Bowl 59 wagers frozen, refunded, or voided … Read more