Sports betting has been legal in New York for six years and is the largest markets in the United States. Since legalizing sports betting, New York sportsbooks have generated more than $6 billion in revenue and $3 billion in taxes. ALBANY, N.Y. – New York … Read more
New Jersey sportsbooks have kept more than $5 billion all-time from bettors – the second state (New York) to cross that threshold. TRENTON, N.J. – The all-time sports betting revenue total in New Jersey grew past $5 billion per the latest financial report, on the … Read more
In July 2025, Washington DC hit an all-time handle of $1,546,702,720, increasing 71% year-over-year from July 2024. New sportsbooks in the Capital City will help the handle and future revenue grow. WASHINGTON — Washington DC achieved a historic milestone, surpassing $1.5 billion in the amount … Read more
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 elite … Read more
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 version of the One … Read more
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 … Read more
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, Ore. – Oregon sportsbooks … Read more
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). … Read more
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 the deals that brought sportsbooks … Read more
Bettors in New York, New Jersey, and Nevada have won more than $160 billion combined, nearly 35% of all legal sports betting payouts. Nevada boasts the highest win rate in the country at 94.2%, while Delaware ranks last with just 84.3%. LAS VEGAS – The … Read more
The U.S. has officially surpassed $500 billion in the amount of money bet at sportsbooks both in person and online since 2018. $149.6 billion was wagered in 2024 alone, reflecting 3,100% growth since PASPA’s repeal. New York leads all states with $69.13 billion in wagers … Read more
Indiana faces a projected $2 billion revenue shortfall over the next two years, forcing lawmakers to consider new revenue sources and potential budget cuts. With the state’s sports betting industry now taking in roughly $5 billion annually, raising Indiana’s low 9.5% tax rate is back … Read more