Bally’s Chairman Soo Kim argues that high tax rates benefit operators by limiting competition, citing Rhode Island’s monopoly model as proof. New York’s 51% tax rate hasn’t helped Bally’s gain traction, as the company holds just 1.1% market share compared to FanDuel’s dominant 65.8%. Bally’s … Read more
Rhode Island is adding a second online sportsbook by November 2026 after six years of having only one operator, with applications due February 19. New York Assemblywoman Carrie Woerner wants to expand the state’s market from 8 to 16 operators while lowering the current 51% … Read more
Sportsbooks in New Jersey kept over $1 billion from their near $12 billion handle. Parlays represented 25% of NJ’s sportsbook intake but over 50% of their revenue. Basketball ($2.68 billion) beat out football ($2.30 billion) as the sport with the most money bet on it … Read more
PointsBet is the seventh biggest sports betting company in the U.S. and will now be selling its North American division. Heading into 2023, the operator posted some impressive numbers with over a billion dollar handle for the first half of the fiscal year. Prospective buyers … Read more
PointsBet has withdrawn their application for an untethered online sports betting license in Massachusetts. The surprise withdrawal increases the number of available untethered Massachusetts sports betting licenses to two. BOSTON – Online sports betting in Massachusetts launched just three weeks ago on March 10. Nine … Read more
A special committee of the Chicago City Council voted 27-3 in favor of Bally’s Corporation to launch its casino and sportsbook in Chicago. The full City Council is set to vote within the week. Chicago Mayor Lori Lightfoot is likely on board to quickly approve … Read more
As of now, there are two sports betting bills that have received enough signatures to be on the 2022 November Ballot in California. The sports betting bill, backed by commercial sportsbooks, would give 85% of taxes towards mental health & homelessness programs. HIGHLAND, CA- The … Read more
The decision for Chicago’s new casino has been delayed until early summer Casino proposals have been narrowed to three of the best prospects Mayor Lightfoot wants to see the casino opened by 2025 CHICAGO, I.L. – Although Chicago Mayor Lori Lightfoot had previously stated that … Read more
A committee representing several of California’s native tribes has launched an advertising campaign against the California Solutions to Homelessness and Mental Health Support Act. The tribes argue that the initiative would break a promise to the tribes that they would be granted exclusive rights to … Read more
Betfred Sports will now be a sports betting operator in Arizona. Arizona will have mobile and land-based sportsbooks launch in the state beginning on September 9. As of Thursday, twelve operators have been approved for licenses with eight more slots open because there is a … Read more
The MLB has partnered with Bally’s Corporation in a multi-year deal Bally’s now has access to official league and team data. PROVIDENCE, R.I. – The MLB has added yet another sports betting entity to its family by officially partnering with Bally’s Corporation. This multi-year deal … Read more
Virginia now has eight licensed sports wagering operators in the Commonwealth. The Golden Nugget Online and Bally’s have been given temporary licensure to open their mobile sportsbooks but each will likely launch in the summer rather than for March Madness. Virginia Governor Ralph Northam currently … Read more