Illinois became the second state to record at least $1 billion in sports betting tax revenue, after New York. The state implemented the country’s first progressive tax system for sports betting, with rates climbing from 20% to 40%. Most tax revenue flows into Illinois’ general … Read more
Delaware’s all-time total sports betting handle reached $1 billion as of October 2025. The state has the highest hold percentage of any state since sports betting was legalized in 2018, with a hold rate of 14.7%. DOVER, Del. – Delaware, the first state to officially … Read more
September 2025 marked New York’s highest monthly sports betting handle since March 2025 New York’s sports betting handle hit $2.29 billion, driven by the return of the NFL season, up 10.4% from September 2024. NEW YORK – New York’s legal sports betting market experienced a … Read more
Nevada topped $50 billion for a sports betting handle as of August 2025, becoming the fourth state to hit the mark post-PASPA. Retail sportsbooks and legal Nevada betting sites continue to drive consistent growth amid increasing national competition. LAS VEGAS — Nevada has officially joined … Read more
The UK is increasing gambling taxes and tightening advertising regulations, sparking concerns over job losses and potential growth in unlicensed markets. France has raised online betting taxes significantly, including a new 15% advertising levy, impacting major operators like FDJ UNITED. Brazil introduced an 18% emergency … Read more
Louisiana sports betting has officially crossed the $10 billion milestone in total player winnings since launching in 2021. Player payouts continue to surge year after year, with 2025 already on track to set another record as the NFL season heats up. BATON ROUGE, La. — … Read more
In August 2025, Virginia’s total bet on sports surpassed $25.3 billion, boosted by a monthly handle of over $510 million. Mobile and retail Virginia betting sites continue driving growth, contributing $8.7 million in tax revenue for the month. RICHMOND — Virginia crossed the $25 billion … Read more
Kalshi set a new single-day trading record with over $275 million in activity. DraftKings and Flutter Entertainment lost nearly $7 billion in combined market capitalization. Capitol Hill lawmakers are questioning the Commodity Futures Trading Commission’s (CFTC) oversight of prediction market sports contracts. NEW YORK – … Read more
Illinois, Michigan, and Maine are all on pace to record milestones for the amount of sports betting tax revenue they’ve collected based on August reports. While Illinois will join the billion-dollar club with New York, Michigan will have brought in $100 million and Maine will … Read more
Nevada sportsbooks have approached a betting handle of $50 billion since 2018. Other sports betting milestones include New Hampshire closing in on $4 billion since their launch. As Connecticut nears $7 billion placed in sports bets, West Virginia has seen almost $25 billion. LAS VEGAS … Read more
Sports bettors could owe taxes on their winnings without any loss deductions under the proposal from Advancing American Freedom. INDIANAPOLIS – Former Vice President Mike Pence’s think tank, Advancing American Freedom (AAF), is urging Congress to eliminate tax deductions for gambling losses entirely. This move … Read more
Nevada sportsbooks generated $21.9 million in baseball betting revenue in June, a 103.1% increase from the $10.8 million reported in June 2024. Baseball betting drove $55.5 million in Q2 revenue, up 72% year-over-year and surpassing all other sports in Nevada for the second straight month. … Read more