Michael Molter 
Licensing fees include a $100,000 application fee as well as a $50,000 annual renewal. Sports betting revenue will be taxed at a rate of 9.5% and head to the state’s general fund. Licensed sportsbooks will be given the option to partner with three suppliers, or … Read more
Legislators want mobile sports betting in order to keep the gamblers’ money inside the state. Governor Cuomo keeps going back and forth with the process for online sports betting legalization. If all goes as planned, mobile sports betting in New York could launch by the … Read more
• Since their launch, Rhode Island sportsbooks have taken in almost $94 million in wagers. • The state has the lowest hold for 2019 (3.48%) of every legal sports betting state. • Twin River Casino has accounted for nearly 75% of the state’s yearly sports … Read more
The SEC Spring Meetings will take place from May 27 – May 31. Three states have legalized sports betting where an SEC team is present. Under HIPPA, the athletes’ medical details are private information. DESTIN, Fla. – With representatives from each university, the SEC Spring … Read more
The PGCB made sure a self-exclusion program was available for PA bettors. Bettors will be able to use their laptop, computer, and Android device. iOS devices will be further delayed. Full-scale online betting will be available Friday, after this three-day testing. PHILADELPHIA – Pennsylvania has … Read more
Iowa sports betting became legal after Governor Reynold signed SF 617 After regulations are approved, the industry is likely to launch in late August. Sports betting revenue will be used for infrastructure updates as well as youth educational programs. DAVENPORT, Iowa – After the signature … Read more
Tennessee became the first online-only sports betting state, as they do not have any casinos to link with currently. The state has approved the highest licensing fee of any legal sports betting state, at $750,000. Sportsbooks will be taxed at 20%, which will be used … Read more
Borgata was the first Atlantic City casino to accept a sports bet in June of last year. Borgata has the third-highest land-based sportsbook revenue of the ten licensed books in NJ. Level One will be located only steps away from Premier Nightclub. ATLANTIC CITY, N.J. … Read more
DC Sports betting is expected to launch in September of this year. The lottery-operated mobile app has yet to be created – looking like a Jan 2021 release. The finance and revenue committee suggested that the lottery should look for another supplier of their app. … Read more
Massachusetts is the likeliest state in New England to legalize, having a public hearing set at the end of May. If both New Hampshire chambers can find a way to agree on regulations, there is a chance they legalize in 2019. It would likely require … Read more
The favorite has won the Preakness 73 times throughout its previous 143 runnings. Trainers Bob Baffert and D. Wayne Lukas could tie the record (7) for most Preakness wins with a victory this year. Secretariat set the course record in 1973, posting a time of … Read more
Parx Casino was responsible for 21.4% of all tax contributions in April. South Philadelphia Turf Club posted the highest casino hold percentage at nearly 17%. FanDuel Sportsbook is primed to become one of the PA sportsbook leaders, bringing in over $5 million in a month … Read more