HB 1260 is the last sports betting bill standing in the Illinois legislature. Amendment 1 comes with $10 million in licensing fees for brick-and-mortar and online betting. Amendment 2 would charge even higher rates but limit retail licenses and online licenses statewide. SPRINGFIELD, Ill. – … Read more
A report stated that Rhode Island will only make $2.3 million from sports betting this year. The original estimate from Governor Gina Raimondo was about $24 million. The lawsuit over mobile sports betting could further impact revenue projections. PROVIDENCE, R.I. – Rhode Island is expecting … Read more
New Hampshire does not have any casinos operating within the state’s borders. N.H. Senator Lou D’Allesandro has been trying to authorize casinos in the state since 1999. NH HB 480 will now go to a full Senate vote where it will be amended. CONCORD, N.H. … Read more
Genius Sports outbid Perform Group to secure the partnership with Football DataCo. Financial terms of the deal were not released to the public. It is estimated that 47% of all online sports betting revenue derives from soccer wagers. NEW YORK – Genius Sports Group has … Read more
Mississippi expects the lottery to launch in December. Lotto President Thomas Shaheen has years of experience with start-up lotteries in the US. Between sports betting and the lotto, MS could see tax revenues of $130-160 million annually. JACKSON, Miss. – The last 12 months have … Read more
The New York Giants, New York Jets, and Buffalo Bills co-signed a testimony earlier this week. The plea involved giving a royalty to sports leagues for sports bets. The New York Giants and New York Jets play their home games at the Meadowlands in New … Read more
Sports Betting in New York was approved in 2013 via voter referendum. Current law only allows certain upstate and tribal casinos to host the activity. The Senate held a hearing on NY SB 17, which would legalize mobile sports wagering in New York. The 2019 … Read more
Kambi is outperforming its peers in the US market, with double the potential growth. Legal sports betting expansion will allow Kambi to experience 40-50 percent EBITDA margins. SeekingAlpha suggests that investing in Kambi is a good bet. Atlantic City, N.J. – With the popular pastime … Read more
The exclusivity of sports betting in Connecticut has been the largest hurdle for the state. Tribal casinos have threatened to stop contributing nearly $250 million should they not get their way. Both the governor and the tribes are interested in a special session to legalize … Read more
FanDuel Sportsbook has signed up over 100,000 users in New Jersey. The company has seen a near 50% market share for the 1st quarter of New Jersey mobile sports betting. Already in WV, FanDuel is prepping its Pennsylvania online sports betting launch. EAST RUTHERFORD, N.J. … Read more
FOX Sports received 5% of The Stars Group in exchange for $236 million. The partnership will allow the betting apps to be located in states with and without legal sports betting. The stock price for the Stars Group jumped over 15% overnight upon release of … Read more
IN HB 1015 legalizes both retail sportsbooks and statewide mobile sports wagering apps. The bill would have become law with or without Governor Holcomb’s signature on Thursday. The Indiana Gaming Commission is expected to start accepting sports betting applications as soon as July 1, 2019. … Read more