Ohio earned $113.1 million from January’s $811.6 million in sports betting handle. The large drop off in handle and revenue from last year can be attributed to promotional betting and the state’s first month with legal sports betting. FanDuel and DraftKings received roughly 68% of … Read more
Underdog Sports is the name that sticks out amongst the eight North Carolina sports betting operators announced on Thursday. Their North Carolina license marks the first attempt for Underdog Fantasy to also offer a regulated sportsbook. North Carolina online sports betting launches at 12 p.m. … Read more
Kentucky online sportsbooks accepted over $855 million in total bets through Dec. 2023. This resulted in $15.2 million in tax revenue, well ahead of schedule for Kentucky’s annual estimate of $23 million. Retail sportsbooks reported a $36.6 million handle, adding an additional $342,888 in tax … Read more
The North Carolina Lottery Commission met on Wednesday to finalize their sports betting rules and give an update on operator applications. North Carolina received applications from 14 different sports betting operators but there only can be 11 operators in the state. The Commission adopted the … Read more
ESPN BET will partner with Quail Hollow Club for North Carolina sports betting market access. The deal makes ESPN BET the exclusive betting operator of the Wells Fargo Championship; a PGA Tour event located at Quail Hollow Club. North Carolina sports betting will launch sometime … Read more
Sportsbooks fail to regulate a common list of rules and take each bettor on a case-by-case basis. This means sportsbooks can restrict one bettor for something many other bettors are doing. Taking away the cash out feature for some shows favoritism toward the unsuccessful bettor. … Read more
Another MD sportsbook report shows the betting handle capped out without online books. The Lottery director believes Maryland online sportsbooks will launch before 2022 ends. BALTIMORE – Maryland sportsbooks accepted the third-most money bet in a month during September. But, they still await offering an … Read more
The New York Yankees have secured their fourth sports betting operator partnership and this time with Bally Bet. Bally officially launched in the NY market on July 6th and already has a deal with the +350 World Series favorite team. NEW YORK – The Yankees … Read more
Bet365 is launching a new sports betting news website covering sports and betting. FanDuel is rebranding TVG as FanDuel TV, a new sports betting network. NEW YORK – Popular sportsbooks are entering the sports betting media department as bet365 is set to launch a sports … Read more
Online sports betting is live in Ontario with several sportsbooks now accepting bets. Sportsbooks will not be allowed to advertise risk-free bets in Ontario like they do in the US ONTARIO – Residents of Ontario were treated to the launch of a regulated online sports … Read more
Assemblyman Gary Pretlow introduced an amendment that would cut sportsbooks’ effective tax rate from 51% to 25% by 2024; Sen. Joe Addabbo presented its sister amendment in the Senate. The amendment would increase the number of online sportsbook skins to cut the tax rate, allow … Read more
The New York State Gaming Commission recommended nine mobile operators to be granted mobile sports betting licenses on Monday. Each sportsbook, once launched, will be subject to the nation’s highest tax rate on sports betting at 51%, with the licenses effective for a period of … Read more