DraftKings and Flutter are experiencing their lowest stock price in roughly three years despite showing growth in the US gambling sector. NEW YORK – DraftKings and FanDuel’s parent company have seen their stock prices drop heavily over the last month and the last six months. … Read more
Michigan proposes a 25–50 cent per-bet tax modeled after Illinois, projecting $38.8 million in annual revenue for Medicaid funding. Illinois saw a 15% drop in betting volume after implementing the same tax as operators passed costs to bettors through fees. Republican legislators and betting operators … Read more
FanDuel is ending credit card deposits nationwide on March 2 across all betting products. The move follows DraftKings and growing state regulatory pressure against credit-funded wagering. NEW YORK – FanDuel announced Tuesday that it will stop accepting credit card deposits across all its platforms starting March … Read more
Arizona Governor Katie Hobbs proposed a sports betting tax rate increase from 10% to 45% in the state’s proposed budget for fiscal year 2027. Hobbs believes the increase will generate an additional $150 million annually. The tax hike impacts AZ sportsbook operators handling over $75 … Read more
You may be leaving money on the table if you’re not taking the best odds for Super Bowl 60 based on what the sportsbooks are offering. SANTA CLARA, Calif. – With the Super Bowl only four days away, the time to get in wagers is … Read more
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