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
The New York State Gaming Commission recommended nine mobile operators to be granted mobile sports betting licenses on Monday. Each sportsbook, once launched, will be subject to the nation’s highest tax rate on sports betting at 51%, with the licenses effective for a period of … Read more
The NFL is allowing up to six sportsbook commercials to air during NFL games this season. Sportsbooks are allowed to air once per quarter, once during pregame, and once during halftime. This is the first time sports betting will be nationally advertised during NFL games. … Read more
Michigan had $115.2 million in handle from mobile sportsbooks for the ten days the platforms were live in January. Revenue was at a minus figure for these mobile sports betting applications, posting a loss of $5.2 million because of promotions given to new players. DETROIT … Read more
Virginians are expected to see online and mobile sports betting platforms in January of 2021. The Virginia Lottery Board will be accepting applications from now until Halloween for all of those involved in the sports wagering industry interested in applying. RICHMOND, Va. – After various … Read more
Sportsbooks have been accumulating losses in profits due to the Coronavirus and professional sports being suspended worldwide. Each operator protects the funds of their customers differently and sports bettors should know if their money is being protected if these businesses cannot make it through the … Read more