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
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
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
The Dallas Wings are favored by a point against the winless Chicago Sky Paige Bueckers has averaged 4.6 rebounds per game and has +105 odds to clear 4.5 rebounds tonight CHICAGO – Some of the biggest names in the WNBA will face off on Thursday … Read more
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 peer-to-peer … Read more
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 regulatory shift. States like Illinois … Read more
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 … Read more
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 wagers … Read more
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 sports betting legalization, which faced setbacks amid … Read more
Indiana faces a projected $2 billion revenue shortfall over the next two years, forcing lawmakers to consider new revenue sources and potential budget cuts. With the state’s sports betting industry now taking in roughly $5 billion annually, raising Indiana’s low 9.5% tax rate is back … Read more
Nevada’s in-person sign-up rule for mobile betting limits its market share, recording the seventh-highest sports betting handle ($7.89 billion) in 2024. Eliminating in-person registration could boost mobile betting participation, letting them compete for the 4th spot in national sports betting rankings. LAS VEGAS – Nevada’s … Read more
Tennessee is the best bet to win the Midwest region of brackets for March Madness with +350 odds at Bovada based on a relatively weak path of likely opponents before they reach the Elite Eight. PROVIDENCE, R.I. – Odds to win the Midwest region and … Read more