A 300-year-old British law is the basis for a $300 million lawsuit against sportsbooks in Washington, D.C. The law, known as the Statute of Anne, allows gamblers to sue to recover losses over $25. Mayor Muriel Bowser has moved to retroactively exempt sports betting from … Read more
In July 2025, Washington DC hit an all-time handle of $1,546,702,720, increasing 71% year-over-year from July 2024. New sportsbooks in the Capital City will help the handle and future revenue grow. WASHINGTON — Washington DC achieved a historic milestone, surpassing $1.5 billion in the amount … Read more
Missouri is gearing up for a December 1 launch of legal online sports betting. Several sportsbooks are lining up for licenses as the rules get finalized. JEFFERSON City, Mo. – With Missouri legal online sports betting scheduled to launch on December 1, the licensing process … Read more
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