A finance ministry bill filed Oct. 29 would extend 19% VAT to online wagering, charged whenever a bettor funds an account. The taxable amount is the deposit less the tax itself, so the charge works out to about 16% of what a bettor puts in, … Read more
PHILADELPHIA – Shane “Sugar Shane” Hennen pleaded guilty Wednesday to bribery and wire fraud charges tied to fixing NBA, college and Chinese basketball games. But one detail in the indictment hasn’t gotten much attention: where some of the money was bet. According to prosecutors, Hennen … Read more
The chairman of the company that owns and operates Monmouth Park Racetrack said that “Without sports betting, we’d be closed” when speaking at the opening of the track’s brand new Caesars Sportsbook facility. Partnerships like the one between Monmouth Park and Caesars are often beneficial … Read more
Missouri is gearing up for a December 1 launch of legal online sports betting. Several sportsbooks are lining up for licenses as the rules get finalized. JEFFERSON City, Mo. – With Missouri legal online sports betting scheduled to launch on December 1, the licensing process … Read more
New Jersey hiked its online gambling tax to 19.75%, up from 13% for sports betting and 15% for iGaming. Operators tied to low-revenue casinos like Caesars Atlantic City, Ocean Casino, and Monmouth Park may face an existential threat. Rising costs and shrinking margins could push … Read more
Major sportsbooks, including DraftKings and FanDuel, abruptly removed betting lines for the College Basketball Crown Tournament, citing regulatory concerns and player uncertainty. Bettors suspect sportsbooks pulled the lines to protect themselves from inside information on player availability, while some reported having winning bets voided after … Read more
Betting odds for Game 2 of the ALDS between the Kansas City Royals and New York Yankees vary between legal sports betting sites. Bovada is the best place to bet the Royals to cover the spread (-165), while BetMGM is the best sportsbook for betting … Read more
New York became the first state to reach a $2 billion sports betting handle in one month. The feat occurred this October, where the state saw exactly $2,006,823,408 billion in bets. New York made over $166 thousand in gross gaming revenue for October. NEW YORK … Read more
DraftKings received a $94,000 fine for advertising to underage players. FanDuel, PointsBet, Rush Street (BetRivers), and PENN (Barstool Sportsbook) are among the four other legal online sportsbooks to receive fines from Maryland’s gambling regulator. PENN and PointsBet received fines following major changes to their sportsbooks. … Read more
New York sports betting handles have grown every week in March FanDuel had the largest handle of the third week in March FanDuel, DraftKings and Ceasars Sportsbooks took 80% of the market share NEW YORK – New York’s mobile sports betting handle has seen consistent … Read more
Louisiana sportsbooks saw a huge $238.4 million sports betting handle, $211 million of which came from mobile betting apps. $9.8 million of the $16.7 million in sportsbook revenue came from football betting. BATON ROUGE, La. – Right after finally launching a regulated mobile sports betting … Read more
The Alcohol and Gaming Commission of Ontario has granted BetMGM, the Kambi Group, and the Ontario Lottery and Gaming Corporation regulatory access to the Ontario market. BetMGM is now the 15th sportsbook operator to receive approval in Ontario; additional operators, such as Caesars and DraftKings, … Read more