The Cost of Legalized Sports Betting on American Households

Cost of Legalized Sports Betting on American Households

New studies show that Americans are withdrawing from their investment portfolios to have more liquid funds for sports betting. NEW YORK – Over the past few years, the expansion of legalized sports betting across the United States has painted a stark picture of its financial … Read more

Legal Sports Betting Brief: Missouri, Nebraska, Germany, Brazil

Voting for Sports Betting

Missouri should see sports betting on the November ballot assuming all finishes well over the next week. Nebraska is also attempting a ballot initiative, looking to expand their in-person sports betting licenses to online as well. Brazil and Germany offer interesting international sports betting news … Read more

DraftKings Surcharge Sparks Debate On Transparency, Customer Retention

DraftKings

DraftKings will implement a surcharge on bettors’ winnings in four states with higher-than-average tax rates on sports betting. Critics argue that the surcharge undermines transparency and that changing odds is better than integrating a surcharge. NEW YORK – Starting January 1, 2025, DraftKings will introduce … Read more

SuperBook Sportsbook Closes Across US: Nevada Remains

SuperBook closure

SuperBook Sportsbook posted on their website and sent an email notifying they will only take action in Nevada moving forward. DENVER – On Monday, the SuperBook Sportsbook sent an email to customers informing them they won’t be accepting wagers, deposits, or new accounts outside of … Read more

Recent Sportsbook Closures Threaten A Possible US Duopoly

SaharaBets

DraftKings and FanDuel sportsbook hold nearly 75% of the market share for US sports betting. While MGM and Caesars make up another ~15%, the remaining 10% is split between way too many operators. PHOENIX – Recent withdrawals from the legal sports betting market from SaharaBets … Read more

Navigating the Controversy of Bearding and Sports Betting Limits

Bearding

Should bettors partner to bypass restrictive limits, and uncover the ethical dilemmas it poses? Dive into the debate over whether current regulations favor sportsbooks and how touting picks further complicates the landscape. Discover why industry experts argue that bearding and touting picks reveal flaws challenging … Read more

DC Council Approves Budget, Opening Up Sports Betting Market

Capital One Arena Sportsbook

Major changes in mobile sports betting are on the horizon as the DC Council opens the market to multiple operators. The new budget slashes tax rates and welcomes competitors like BetMGM and Caesars to expand citywide. An amendment ensures betting kiosks remain in convenience stores … Read more

DraftKings Faces Lawsuit Over Alleged Extortion, Data Breach

DraftKings

A mysterious plaintiff accuses DraftKings of aiding an extortion plot orchestrated by a notorious sports betting figure, alleging a breach of trust and personal safety. Claims of leaked personal data and a hacked account intensify a lawsuit seeking over $1 million in damages from DraftKings, … Read more

Bets For Sunday’s English Premier League Round 35 Matches

North London Derby

Tottenham and Arsenal are difficult to handicap but past stats indicate taking both teams to score and the over together. Bournemouth and Brighton might be in the middle of the table, but Bournemouth’s success in the season could have them cruise to victory. Man City … Read more