Illinois lawmakers passed a $55.2B budget with a controversial new tax on every legal sports bet placed in the state. The measure directly impacts DraftKings and FanDuel and could reshape the economics of legal sports betting. Analysts say other states may follow suit, as operators … Read more
DraftKings voided multi-leg parlay bets following a weather-shortened golf tournament, citing rules designed to manage unpredictable outcomes and protect the platform. The lawsuit challenges whether these rules fairly apply to parlays, putting sportsbook policies and bettor expectations in the spotlight. DES MOINES, Iowa – An … Read more
New York’s 51% sportsbook tax rate has allowed the state to collect over $3 billion from sports betting since its launch. States with similar betting handles are nowhere close to this figure due to their lower tax rate (New Jersey: $675 million in taxes collected). … Read more
The Michigan Panthers to cover the spread versus the Memphis Showboats is the best bet for Friday’s UFL action. BetOnline has the Panthers as 7.5-point favorites, while many other sportsbooks have them at -8.0 or -8.5. BetOnline has the best odds for the Panthers against … Read more
Nebraska’s mobile sports betting expansion clears a major hurdle in the legislature. March Madness bettors beat the books, causing big Q1 losses for DraftKings and FanDuel. North Carolina moves to double its sports betting tax rate, eyeing major revenue gains OMAHA, Neb. – From statehouse … Read more
Xander Schauffele is the best DFS pick of the top tier with a $10,400 price and +1400 outright winner odds for the RBC Heritage. Bovada Sportsbooks lists J.T. Poston ($7,800) at +5000 odds, which are shorter than more expensive players like Wyndham Clark at $8,400 … Read more
A Massachusetts widow successfully petitioned DraftKings and regulators to void her late husband’s $106,100 in NBA futures bets. The wagers, all placed on the Boston Celtics to win in 2025, were refunded in a first-of-its-kind decision by the Massachusetts Gaming Commission. Regulators cited a compassionate … Read more
Kansas lawmakers stunned the betting world by voting to block sportsbook license renewals, casting doubt on the future of legal sports betting in the state. The last-minute move, buried in a budget bill, has sparked outrage and confusion, with critics slamming it as reckless and … Read more
Hawaii is on the brink of legalizing online sports betting, with House Bill 1308 advancing through the legislature. DraftKings, FanDuel, BetMGM, and Fanatics are expected to be first in line for licenses when the market opens. HONOLULU – Hawaii’s journey toward legal sports betting took … Read more
DraftKings and FanDuel executives met with tribal representatives in California at the Indian Gaming Tradeshow & Convention to discuss a potential partnership. The Sports Betting Alliance’s proposal seeks to license sportsbooks while ensuring revenue-sharing benefits for all 109 federally recognized tribes. Despite ongoing negotiations, tribal … 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
Odds of the Masters a week before the tournament are significantly different at some of the most popular betting sites in the country. BetOnline has the best odds for many Masters betting favorites, including significantly better odds for Brooks Koepka, Xander Schauffele and Scottie Scheffler … Read more