Legalized, Taxed, Threatened: The 8-Year Reality of Post-PASPA Sports Betting

8 Years After PASPA: Legal Sports Betting Was Supposed to Be a Tax Windfall. It Became a Tax War

WASHINGTON – On the morning of May 14, 2018, the Supreme Court of the United States handed down Murphy v. NCAA and ended Nevada’s 26-year monopoly on legal sports betting. Eight years later, questions surrounding who would profit and under what rules have been answered… … Read more

With Only $3.9M in Taxes, Wyoming Eyes Sportsbook Tax Hike

With Only $3.9M in Taxes, Wyoming Eyes Sportsbook Tax Hike

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

Americans Have Won Over $450 Billion Betting On Sports

Americans Have Won Over $450 Billion Betting On Sports

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

New Lawsuit Targets Florida Sports Betting Compact

New Lawsuit Targets Florida Sports Betting Compact

A new lawsuit challenges Florida’s 2021 gambling compact, claiming it bypasses voter approval required under the state constitution. Protect the Constitution LLC argues that statewide mobile sports betting violates Amendment 3, passed by voters in 2018. The legal dispute could once again put the Seminole … Read more

Insight and Betting Lines for College Football Week 0 Full Slate

Florida State vs. Georgia Tech
  • The Week 0 headliner features the Florida State Seminoles as 11.5-point favorites against the Georgia Tech Yellow Jackets in Ireland.
  • College football action continues with the Montana State Bobcats as 10.5-point favorites on the road against the New Mexico Lobos.
  • At 8:00 p.m. ET the SMU Mustangs take on the Nevada Wolf Pack as 27.0-point favorites.
  • Odds for the final Week 0 matchup list Delaware State Hornets as a heavy 38.5-point underdog to the Hawaii Rainbow Warriors.

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An Early Recap Of The 2023 US Sports Betting Market

2023 US Sports Betting Market

With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves … Read more

Analyzing Which States Sports Betting Tax Methods Are Best

California Sports Betting Taxes

Using reported sports betting numbers across the US, a strength rating is given to all states. States with a high rating indicate a successful market, profiting well for the state through tax benefits. The states with a lower rating show the success of sportsbooks keeping … Read more

Betting Numbers Prove the Best Sports Betting States

Sportsbook

Since 2018, over $200 billion dollars have been wagered amongst regulated betting states. Nevada has the lowest revenue kept by sportsbooks of states with at least $10 billion in wagers. Delaware is the worst betting state, with over 15% of their handle being retained by … Read more

Does Bettors’ Success Come Down to Mobile Betting?

Mobile Sports Betting

Sportsbooks posting the highest hold percentages are found in states without mobile sports betting. But, states with mobile-only sports betting aren’t seeing better bettors across the US industry. States with professional sports teams could play more of a factor than mobile betting access. DOVER, Del. … Read more