by Michael Molter | May 30, 2025 11:22 am | Legal
DraftKings voided multi-leg parlay bets following a weather-shortened golf tournament, citing rules designed to manage unpredictable outcomes and protect the platform. The lawsuit challenges whether these rules fairly apply to parlays, putting sportsbook policies and...
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 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 29, 2025 10:52 am | Sports Betting
Thomas McPeek placed legal sports bets in Indiana and Iowa and won big. Caesars voided his $800,000 in winnings after the results came in. Their justification? Vague claims of “structuring” and AML concerns. McPeek followed all the rules, yet he’s banned...
