May data for Illinois sports betting marks an 11th consecutive billion-dollar month and reflects a 24.9% YoY increase from May 2024. The milestone comes just as new per-bet taxes take effect and changes are expected to reshape the market. CHICAGO — Illinois joined the elite … Read more
DraftKings is in advanced talks to acquire CFTC-licensed Railbird Exchange, signaling a move into regulated prediction markets. Flutter Entertainment has acquired the remaining 5% of FanDuel from Boyd Gaming in a $1.75 billion deal, giving it full ownership of the sportsbook. BOSTON – Two of … Read more
New York lawmakers are weighing a bill to eliminate state-level gambling loss tax deductions following recent federal changes. Meanwhile, Missouri and New Jersey continue reshaping their legal sports betting markets with new restrictions and licensing rules. ALBANY, N.Y. – From tax reform in New York … Read more
Governor Newsom publicly rejected the attorney general’s view that daily fantasy sports are illegal under California law. The governor stated that the opinion has no legal effect and called for further debate in the legislature or courts. Industry leaders echoed Newsom’s stance, saying DFS remains … Read more
President Donald Trump is expected to sign the One Big Beautiful Bill Act into law Friday, finalizing a massive legislative package that touches everything from infrastructure to taxes. The change could signal a desire for bettors to move back to offshore sportsbooks. WASHINGTON – Buried deep … Read more
New Jersey hiked its online gambling tax to 19.75%, up from 13% for sports betting and 15% for iGaming. Operators tied to low-revenue casinos like Caesars Atlantic City, Ocean Casino, and Monmouth Park may face an existential threat. Rising costs and shrinking margins could push … Read more
A bettor at FanDuel turned a $11 bonus bet into over $100,000, and now bettors believe the sportsbook implemented new terms and conditions to prevent future substantial losses. FanDuel’s terms and conditions that give them the right to void wagers made by “any group of … Read more
Three-time NBA champion D-Wade sees 1-on-1 matchups as the next frontier for basketball betting, setting out the outline for his idea on his podcast. MIAMI – Dwyane Wade may have retired from the NBA, but he hasn’t stepped away from the game or the business … Read more
Resorts World Bet will exit New York’s crowded online sports betting space, opening a valuable license opportunity. FanDuel responds to Illinois’ steep tax increase by imposing a 50-cent fee per bet. Louisiana’s legislature advances a bill to hike the online sportsbook tax rate to 21.5%, … Read more
FanDuel banned a customer for heckling Olympian Gabby Thomas, citing athlete abuse as the reason. But sportsbooks aren’t courts and banning bettors for conduct unrelated to wagering sets a dangerous precedent. PHILADELPHIA – FanDuel’s recent decision to ban a bettor for heckling Olympic champion Gabby … Read more
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
Despite repeated violations, Massachusetts sportsbooks are facing fines so small they’ve become the cost of doing business, not a reason to change behavior. BOSTON – The Massachusetts Gaming Commission (MGC) handed out $50,000 in fines last week to four legal sportsbooks, FanDuel, BetMGM, PENN Sports … Read more