The Professional and Amateur Sports Protection Act of 1992 (PASPA) was enacted as law on October 28, 1992. Since it’s repeal in 2018, billions of dollars have been made in combined revenue from the legal sports betting industries across the United States. WASHINGTON – October … Read more
The IRS has ruled that DFS contests are games of chance and not games of skills which means they are taxable as they would be considered a form of gambling. If the IRS does get the backing it needs to tax the market, they could … Read more
Sports wagering legalization will be seen as “Question 2” on the November 3 ballots of all participating voters in Maryland. Governor Larry Hogan stands behind making sports betting legal and believes that the state will see a favorable vote for legal sports betting by his … Read more
The NCAA Men’s Basketball Tournament will be hosted in New Jersey in 2025. Senator Paul Sarlo wants to adjust the state’s rules on collegiate betting to allow NJ sportsbooks to host betting lines. The legislation presented by Senator Sarlo would remove prohibitions on college sports … Read more
Sports betting legalization in Arizona requires the Arizona Tribal-State Gaming Compact to be 51% in favor of the industry in order to move forward. The 2020 legislative session was an odd one due to the outbreak of COVID-19, but tribes and lawmakers disagreed on the … Read more
Online sportsbooks in Michigan are getting closer to being launched to the public as the rules and regulations phase is nearing the end. Should all go as planned, Michigan will see internet sports betting platforms by January of 2021. DETROIT – A final draft of … Read more
Maryland will vote to legalize sports betting on election day. FanDuel and DraftKings are spending millions to sway voters to vote Yes on Question 2. ANNAPOLIS, Md. – Sports betting companies are spending millions on ads to persuade voters to legalize sports betting on election … Read more
After nearly three months, the courts of Oklahoma have decided that two Tribal Gaming Compacts that included legal sports betting are null and void. Governor Kevin Stitt cleared a path for the Comanche Nation and Otoe-Missouria Tribes to provide sportsbooks at their locations although he … Read more
Tennessee now has four fully licensed sportsbook operators that will launch on November 1. The internet/mobile sports betting market for the Volunteer State will be open to anyone that is 21 and over and within state lines. NASHVILLE, Tenn. – A fourth sports betting operator … Read more
House Bill 4559 that would legalize sports betting in Massachusetts may not see any more floor time in 2020 but there are still over two months left in the session for that to change. Whether it be 2020 or 2021, legalizing the wagering on sporting … Read more
New York could see mobile sportsbooks available by the Super Bowl if Bill S17D passes before the year ends. S17D would allow casinos to have one skin to open an online sportsbook in NY but there is the option for future expansions to add more … Read more
Brazil President Jair Bolsonaro has signed into law to privatize the legal sports betting market which has led to conflict. Senator Jaques Wagner has submitted a request to the Ministry of Economy to justify privatized sports betting. Many officials opposed the president’s decree. BRASILIA, Brazil … Read more