Fanatics Looks To Enter Sports Betting With ‘BetFanatics’

Fanatics

Sports apparel company Fanatics trademarks BetFanatics as they aim to launch their own sports betting mobile app. Fanatics would join the likes of Sports Illustrated and FuboTV as sporting companies that transitioned into sports betting. JACKSONVILLE, Fla. – It seems a new regulated sportsbook is … Read more

California Tribes Push Back Against Sports Betting Proposals

California Tribal Casino

A committee representing several of California’s native tribes has launched an advertising campaign against the California Solutions to Homelessness and Mental Health Support Act. The tribes argue that the initiative would break a promise to the tribes that they would be granted exclusive rights to … Read more

NY Presents Bill To Lower 51% Sports Betting Tax Rate

New York Sports Betting

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

Reports: New York To Name Online Sportsbook Operators

New York Mobile Sports Betting

New York is expected to announce several online sports betting operators this week, with the launch expected before Super Bowl 56. Once launched, the online operators will face the highest tax rate on online sports betting profits in the United States at 51%. ALBANY, N.Y. … Read more

Rapper Jay-Z Teams Up With Fanatics For NY Sports Betting Bid

Jay-Z

Jay-Z and Fanatics (a sports clothing company) have come together to apply for a mobile sports betting license in New York. The sportsbook would be called Fanatics Sportsbook and would use Kambi as their software provider. The New York Gaming Commission (NYGC) has received six … Read more