by Michael Molter | Mar 19, 2024 11:52 am | Sports Betting
The exclusion of offshore sportsbooks and state restrictions contribute to a lower 2024 tournament betting estimate compared to 2023. State regulations on college teams and player prop bets limit local sportsbook action. The lack of women’s March Madness tournament...
by Michael Molter | Jan 3, 2024 12:05 pm | Revenue
With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves the...
by Zachary Kelley | Dec 18, 2023 2:08 pm | Revenue
Massachusetts set a monthly sports betting handle record with $654.4 million wagered in November. November’s handle marked a 14.4% increase from October, which previously held the record for the highest monthly handle. DraftKings received more than half of the...
by Zachary Kelley | Dec 12, 2023 12:58 pm | Legal
DraftKings faces a class action lawsuit from Massachusetts citizens who opened accounts with DraftKings in response to the $1,000 bonus sign-up promotion. The Public Health Advocacy Institute alleges that the $1,000 bonus is “unfair and deceptive” for new customers....
by Zachary Kelley | Dec 1, 2023 12:00 pm | Regulatory
DraftKings gets off the hook for more than $575,000 in winning bets to Massachusetts players who took advantage of an error. The Massachusetts Gaming Commission voted 3-2 in favor of DraftKings providing a cash or bonus bet compensation for customers who wagered on...