The nationwide sports betting handle post-PAPSA surpassed $300 billion on Tuesday. States cashed in on more than $2 billion in tax revenue in the last five years. Illinois’ record $1.38 billion handle for November pushed the all-time handle past the milestone. FanDuel received more than … Read more
Vermont launched online sports betting on Thursday. DraftKings, Fanatics, and FanDuel are the three sports betting operators in the state. Vermont expects to earn up to $7 million in their first full year of operation. MONTPELIER, Vt. – Online sports betting went live in the … Read more
Pennsylvania broke their monthly sports betting handle record for a second straight month in November. The Pennsylvania Gaming Control Board reported a record $934.1 million worth of total bets in November. FanDuel was the top online sportsbook by handle ($384.1 million) and revenue ($19.1 million). … Read more
Massachusetts set a monthly sports betting handle record with $654.4 million wagered in November. November’s handle marked a 14.4% increase from October, which previously held the record for the highest monthly handle. DraftKings received more than half of the record-setting online sports betting handle. BOSTON … Read more
Indiana’s sports betting revenue reports for November reported a record-setting handle of $513.67 million in November. The state saw a surprisingly low $2.9 million in sports betting taxes from the record handle. DraftKings set a monthly sports betting handle record in Indiana for a third … 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
DraftKings, Fanatics Sportsbook, and FanDuel will begin offering online sports betting in Vermont on Jan. 11, 2024. ESPN BET and BetMGM also submitted applications but weren’t named as Vermont sports betting operators. Vermont expects to earn more than $7 million in sports betting revenue for … Read more
DraftKings faces a class action lawsuit from Massachusetts citizens who opened accounts with DraftKings in response to the $1,000 bonus sign-up promotion. The Public Health Advocacy Institute alleges that the $1,000 bonus is “unfair and deceptive” for new customers. Richard Daynard spearheads the lawsuit, the … Read more
Kentucky earned nearly $8 million in tax revenue from their first two months with legal sports betting, putting them well ahead of their yearly expectation. Kentucky residents wagered $340.8 million in September and October. Retail sports betting launched Sep. 7, with online sports betting launching … Read more
Maine residents bet more than $37.6 million in their first month with legal sports betting. The state collected $464,151.27 is sports betting taxes for November. DraftKings received over 81% of the monthly handle and generated $4.6 million in revenue. AUGUSTA, Maine – Excited Maine residents … Read more
New York residents wagered $1.978 billion in handle through Nov. 26. The New York State Gaming Commission reported a sports betting handle over $516,000 for the week ending Nov. 26. New York became the first state to reach a $2 billion monthly online sports betting … Read more
Lebron James’ longtime manager, Maverick Carter, admitted to betting on the NBA through a local bookie in a 2021 interview with federal law enforcement. Carter is not facing any criminal charges. He never acted as a local bookie and only placed bets himself/for himself. LOS … Read more