NY Presents Bill To Lower 51% Sports Betting Tax Rate

New York Sports Betting

Assemblyman Gary Pretlow introduced an amendment that would cut sportsbooks’ effective tax rate from 51% to 25% by 2024; Sen. Joe Addabbo presented its sister amendment in the Senate. The amendment would increase the number of online sportsbook skins to cut the tax rate, allow … Read more

Oklahoma Sports Betting Bill Passes House Budget Committee

oklahoma bill

HB 3008 passed an important vote in the Oklahoma House Appropriations and Budget Committee Wednesday by a vote of 28 yay – 3 nay. The bill would alter Oklahoma’s tribal gaming compacts to allow Oklahoma’s tribes to offer in-person sports betting at their tribal facilities … Read more

Sports Betting Expansion Bill Passes Iowa House Vote 78-21

Iowa House of Representatives

The Iowa House of Representatives passed HSB 200, a bill that would expand available bet types and allow cashless betting at casinos, earlier this week by a 78-21 vote. Proponents say the bill will generate more income for Iowa while allowing more freedom to bettors; … Read more

Colorado Breaks Handle Record With $573.7M In January

Colorado Sportsbook

According to a report released Tuesday by the Colorado Department of Revenue, Colorado’s sportsbooks broke their previous sports betting handle record in January with $573.7M wagered. Colorado’s sportsbooks also came just short of their revenue record; however, nearly 60% of the revenue figure was written … Read more

Fourth Straight $1B Betting Month For Nevada Sportsbooks

Las Vegas Sportsbook

Nevada’s sportsbooks handled over $1.109 billion in sports bets in January, up 9.3% from December and 71.6% compared to January 2021. Despite these increases, Nevada’s sportsbooks posted their sixth consecutive month with a sub-par hold rate: if this trend continues, Nevada’s sports betting revenue may … Read more

Connecticut Breaks Sports Betting Handle Record In January

Connecticut Sports Betting

Connecticut’s sportsbooks have set a new record for monthly sports betting handle in January, bringing in over $158 million in sports bets on the month. DraftKings led the way with over $73.7 million in handle; FanDuel came in a close second with $61.69 million in … Read more

Wisconsin Mobile Betting Launches With Oneida Sportsbook App

Mobile Sports Betting- Oneida Casino

The Oneida Casino has launched its Oneida Casino Sportsbook App, the first state-regulated mobile sports betting app available in Wisconsin. The app requires in-person account registration, requires bettors to be physically located at a casino to use, and will not offer betting odds on local … Read more

Mississippi Sports Betting Revenue Dips Compared To 2021

Mississippi Sportsbook

According to a report released by the Mississippi Gaming Commission, Mississippi’s sportsbooks turned over about $10 million more in January than in December. Despite this increase in month-over-month handle, revenue is down over 28% compared to January 2021, partially as a result of a lower … Read more

PA Sportsbooks Break Monthly Handle Record In January

Pennsylvania Sportsbook

According to a new report released by the Pennsylvania Gaming Control Board, Pennsylvania’s sportsbooks turned over a larger sports betting handle in January than ever before. January continues a several-month-long stretch of sports betting success in Pennsylvania, coinciding with a significant increase in sportsbooks’ promotional … Read more

Maine Governor Mills Supports Tribal Sports Betting

Maine Governor Janet Mills

After years of preventing the progression of legal sports betting in Maine, Governor Janet Mills’ administration is backing a new proposal that would grant tribes a monopoly on sports betting. According to the proposal, there would be four online sports betting licenses available, which would … Read more