by Michael Molter | May 9, 2025 11:36 am | Legal
Legislators in Ohio are looking to regulate online casinos, according to a report from WOSU. The fine line between NCAA oversight and sports betting laws is the focus of a college sports betting violation in Iowa. Illinois is hoping to create laws that ban...
by Michael Molter | May 8, 2025 2:21 pm | Regulatory
Kalshi is suing multiple states, arguing its event contracts are federally regulated derivatives, not gambling. Federal judges in Nevada and New Jersey have sided with Kalshi in early rulings. The CFTC dropped its appeal over Kalshi’s election markets, signaling a...
by Michael Molter | May 7, 2025 5:45 pm | Revenue
Bettors in New York, New Jersey, and Nevada have won more than $160 billion combined, nearly 35% of all legal sports betting payouts. Nevada boasts the highest win rate in the country at 94.2%, while Delaware ranks last with just 84.3%. LAS VEGAS – The house doesn’t...
by Michael Molter | May 5, 2025 1:44 pm | Revenue
The U.S. has officially surpassed $500 billion in the amount of money bet at sportsbooks both in person and online since 2018. $149.6 billion was wagered in 2024 alone, reflecting 3,100% growth since PASPA’s repeal. New York leads all states with $69.13 billion in...
by Michael Molter | Apr 28, 2025 9:35 am | Legal
Hawaii lawmakers rejected a final sports betting bill, keeping the Aloha State without regulated sportsbooks. Illinois regulators move to ban credit card use for sports bets, aiming to boost responsible gaming protections. Another year, another stall for Minnesota...
