States Wrestle Sports Betting Taxes Amid Surging Revenues

States Wrestle Sports Betting Taxes Amid Surging Revenues

States are cashing in on record revenue but asking whether the public is getting shortchanged from sports betting taxes. Tax policy debates from Ohio to Louisiana are exposing fault lines between industry profits and public benefit. Lawmakers nationwide are rethinking the deals that brought sportsbooks … Read more

From Ban to Boom: US Celebrates 7 Years of Sports Betting

PASPA

PASPA was repealed seven years ago, with legal sports betting having transformed from a curiosity into a half-trillion-dollar industry. What began as a fight over states’ rights has gone from taboo to mainstream, reshaping how Americans watch, bet, and engage with sports. With $50 billion … Read more

Legal Sports Betting Brief: Peru, South Korea, Brazil, Africa

Legal Sports Betting Brief: Peru, South Korea, Brazil, Africa

From regulation and tax shifts in Peru to betting’s digital dominance in Africa, the global sports wagering landscape is evolving fast. While some nations expand and embrace the market, others like South Korea are scrambling to manage their risks. LIMA – While we normally focus … Read more

Kalshi’s Model Is Forcing a Government Rethink on Gambling

Kalshi’s Legal Fight Is Changing the Sports Betting Rules

Kalshi is suing multiple states, arguing its event contracts are federally regulated derivatives, not gambling. Federal judges in Nevada and New Jersey have sided with Kalshi in early rulings. The CFTC dropped its appeal over Kalshi’s election markets, signaling a regulatory shift. States like Illinois … Read more

Americans Have Won Over $450 Billion Betting On Sports

Americans Have Won Over $450 Billion Betting On Sports

Bettors in New York, New Jersey, and Nevada have won more than $160 billion combined, nearly 35% of all legal sports betting payouts. Nevada boasts the highest win rate in the country at 94.2%, while Delaware ranks last with just 84.3%. LAS VEGAS – The … Read more

Wave a Flag, Lose a Bet: New Massachusetts Sportsbook Rule

Wave a Flag, Lose a Bet: New Massachusetts Sportsbook Rule

A new Massachusetts sports betting rule allows retroactive voiding if a Russian or Belarusian athlete displays patriotic symbols like flags during or around an event. Operators warn of enforcement challenges and possible bet manipulation, with no clear safeguards or appeal process in place. BOSTON – … Read more

U.S. Sports Betting Handle Surpasses Half a Trillion Dollars

U.S. Sports Betting Handle Surpasses Half a Trillion Dollars

The U.S. has officially surpassed $500 billion in the amount of money bet at sportsbooks both in person and online since 2018. $149.6 billion was wagered in 2024 alone, reflecting 3,100% growth since PASPA’s repeal. New York leads all states with $69.13 billion in wagers … Read more

Boxing Betting Super Weekend: Title Fights and Comebacks

Boxing Betting Super Weekend: Title Fights and Comebacks - Ryan Garcia - Naoya Inoue - Teofimo Lopez

Heavy boxing favorites dominate the card, but method-of-victory and round-based props offer better value than traditional moneylines. Key value plays include Ryan Garcia under 6.5 rounds, Naoya Inoue in rounds 4–6, and Lopez-Barboza going over 10.5 rounds. RIYADH, Saudi Arabia – As Cinco de Mayo … Read more