by Michael Molter | Jul 16, 2025 3:41 pm | Revenue
May data for Illinois sports betting marks an 11th consecutive billion-dollar month and reflects a 24.9% YoY increase from May 2024. The milestone comes just as new per-bet taxes take effect and changes are expected to reshape the market. CHICAGO — Illinois joined the...
by Michael Molter | Jul 2, 2025 3:26 pm | Revenue
Fewer than 0.6% of U.S. sports bettors report gambling income to the IRS, and over 90% lose money annually. The proposed tax change targets high-stakes professionals, not casual fans betting $20 on the Cowboys. WASHINGTON – Everyone’s panicking over the Senate’s...
by Michael Molter | Jun 18, 2025 10:40 am | Revenue
Wyoming lawmakers are drafting a bill to double the state’s online sports betting tax rate from 10% to 20%, aiming to boost revenue and bring the state in line with national norms. Despite generating over $645 million in wagers and $66 million in operator revenue...
by Michael Molter | Jun 9, 2025 11:10 am | Revenue
Oregon sportsbooks have accepted more than $3.01 billion in bets since launching in 2019. Monthly handle hit a record $90.2 million in December 2024, driven by NFL wagering. Since switching to DraftKings, Oregon’s sports betting revenue has surged nearly 50%. SALEM,...
by Michael Molter | May 28, 2025 9:55 am | Revenue
New York’s 51% sportsbook tax rate has allowed the state to collect over $3 billion from sports betting since its launch. States with similar betting handles are nowhere close to this figure due to their lower tax rate (New Jersey: $675 million in taxes collected)....
by Michael Molter | May 20, 2025 11:37 am | Revenue
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...
