Bally’s Chairman Soo Kim argues that high tax rates benefit operators by limiting competition, citing Rhode Island’s monopoly model as proof. New York’s 51% tax rate hasn’t helped Bally’s gain traction, as the company holds just 1.1% market share compared to FanDuel’s dominant 65.8%. Bally’s … Read more
Rhode Island is adding a second online sportsbook by November 2026 after six years of having only one operator, with applications due February 19. New York Assemblywoman Carrie Woerner wants to expand the state’s market from 8 to 16 operators while lowering the current 51% … Read more
New York’s sports betting market hit $26.3 billion in handle for 2025, bringing the state $1.32 billion in tax collections. Operators earned $259.7 million in December, with FanDuel and DraftKings combining for 76% of total market revenue. While New York remains the country’s top sports … Read more
FanDuel Canada was fined $350,000 for missing signs of suspicious betting on Czech table tennis matches. Regulators found 144 bets from three Ontario accounts that showed unusual patterns often linked to match-fixing. The case shows why sportsbooks need to watch bets closely and report problems … Read more
Financial advisor Dave Ramsey recently discussed the dangers of online sports betting for young men on his podcast. Ramsey emphasized the prevalence of ads, which is true based on research that shows a 25% year-over-year increase in sports betting advertisement impressions. Many studies have proved … Read more
Kalshi’s pricing on markets during Week 17 of the NFL season was up to 8% more expensive than that of legal online sportsbooks. DraftKings’ own prediction market was about twice as expensive as their own sportsbook odds. LAS VEGAS – Recent tracking by Citizens found … Read more
Coinbase sued Michigan regulators to prevent state gambling laws from applying to prediction markets it claims fall under federal jurisdiction. Michigan officials warned operators that offering sports event contracts would threaten their licenses, but DraftKings and FanDuel launched anyway. The dispute will likely reach the … Read more
New Jersey gambling had a big November, earning $636.2 million as sportsbooks and online casinos stayed strong year over year. During a busy football and basketball stretch, sports betting generated $146.3 million in revenue from $1.28 billion in wagers. Online betting was dominated by FanDuel … Read more
In November, Michigan earned its highest revenue total ever from sports betting in a single month. FanDuel earned the lion’s share of the total revenue, walking away with just under $40 million of the $89 million. DETROIT – Michigan saw its highest total revenue from … Read more
The Louisiana Gaming Control Board sent a letter to licensed sports betting sites in the state stating that it views sports prediction markets as illegal. In the letter, the board stated that licensed operators who are partnered with prediction services may have their licenses rescinded. … Read more
Kalshi locked down an exclusive partnership with CNN that’ll bring its prediction market data to the network’s shows and platforms. The company is dealing with lawsuits from several states and a federal case claiming it wasn’t honest about how its trading system actually works. Even … Read more
Missouri launched eight mobile sports betting apps on Monday. State voters approved Amendment 2 over a year ago to bring legal sports betting to Missouri. The Kansas City Royals are looking for a new sports betting partner after Underdog withdrew their license days before launch. … Read more