Brazil president Jair Bolsonaro signs Decree No. 10,467 which brings regulated sports betting to the countries legislation. Per the decree, the National Bank for Economic and Social Development (BNDES) and the Ministry of Economy are responsible for sports betting in Brazil. BRASILIA, Brazil – Gamblers … Read more
Casino de Puerto Madero in Buenos Aires is seeking to get online and mobile sportsbooks to become a reality in the city. Most everyone is in favor of a legal internet sports betting market which shows estimates of an annual revenue of $6.8 million if … Read more
The Tennessee Education Lottery Corporation has stated that online sports betting will be available on or before November 1. The state has a few requirements that may limit the market including the first of its kind 10% hold on sports betting handle. Though the date … Read more
Washington legalized Tribal sports betting in March of 2020 and have now started the process of coming up with a structure to their launch their industry. The Evergreen State is hopeful that wagering on sporting events will be open to the public in 2021. OLYMPIA, … Read more
Puerto Rico could see a legal sports betting market launched sometime in 2021. Estimates show that the Puerto Rican economy could make as high as $68 million in annual revenue from the sports wagering industry. SAN JUAN – It’s been over a year since sports … Read more
The IRS is looking to place an excise tax of 0.25% on the Daily Fantasy Sports (DFS) industry which could equate to millions of dollars paid to them each year in taxes. DFS has never been considered a form of gambling which is where an … Read more
Additional regulations for sports betting in Virginia are available for public view. The additional regulations pertain to insurance requirements and more for sportsbooks. Virginia sports betting is setting up to launch on January 2021. RICHMOND, Va. – The Virginia Lottery has posted additional regulations for … Read more
Nashua, New Hampshire is now home to a DraftKings office where the sports betting company will have a headquarters in the state. The city voted against allowing a sportsbook operation in their town but lawmakers would like to put it to a vote again with … Read more
New Jersey is looking to get esports and other events approved for wagering with A637 and S2670. With the popularity of esports, the Garden State believes it to be a very profitable addition for gamblers in the state to help the industry with revenue that … Read more
Representative Brad Hill spoke to LegalSportsBetting about the potential to legalize sports betting in Massachusetts now that the legislative session has been extended through January. A legal sports betting market in Massachusetts estimates a projected $30-$50 million in annual revenue for the economy of the … Read more
Tribal Chairman of the Mashantucket Pequot Tribe, Rodney Butler, wants answers as to why his Tribe and the Mohegan Tribe cannot open up legal sportsbooks in Connecticut. A 1991 gaming compact gave exclusivity to all gaming in Connecticut for these two Tribes which would make … Read more
The Senate rejects sports betting legislation in MA HB 4887. Some Senators believe that now was not the right time to focus on sports betting. The official legislative session is over but an informal session is still in progress. BOSTON – Massachusetts sports betting bill … Read more