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Bipartisan Vermont Sportsbook Bill Moves Onto Next Committee

Bipartisan Vermont Sportsbook Bill Moves Onto Next Committee

by Jeremias Di Vico | Mar 23, 2023 4:02 pm | Legal

A Vermont sports betting bill has easily passed the House Ways and Means Committee, now moving to the Appropriations Committee. The bill has strong bipartisan support with nine total sponsors. Sports betting taxes are planning to be used to create a Responsible Gaming...
Massachusetts Launches Online Betting: Will Dominate Market

Massachusetts Launches Online Betting: Will Dominate Market

by Jeremias Di Vico | Mar 10, 2023 9:14 pm | Sports Betting

Massachusetts has launched their online and mobile sportsbooks as of 10 a.m. EST. Friday. Six operators have stated they are ready and have begun actively accepting bets, with at least five more preparing to start at a later date. The overwhelming amount of sports...
Massachusetts Online Betting Launch: MGC & Operators Prepare

Massachusetts Online Betting Launch: MGC & Operators Prepare

by Jeremias Di Vico | Mar 8, 2023 3:45 pm | Sports Betting

After a little over a month since retail betting became legalized in Massachusetts, online sports betting is slated to follow this week. BetMGM and DraftKings are among the operators preparing to launch, with the former striking a deal with the Boston Red Sox....
U.S. Sportsbooks Cross $200B in Bets in Under Five Years

U.S. Sportsbooks Cross $200B in Bets in Under Five Years

by Jeremias Di Vico | Mar 8, 2023 8:58 am | Revenue

Between 2018 and 2023, U.S. sportsbooks have taken in over $200 billion in bets. New Jersey, Nevada, and Illinois are among the top contributors, thanks in part to their early legalization. Sportsbooks have only held onto less than 5% of revenue in only Kansas and...
Sportsbooks Violate Laws, Only Punished With Small Fines

Sportsbooks Violate Laws, Only Punished With Small Fines

by Jeremias Di Vico | Mar 2, 2023 5:19 pm | Sports Betting

Multiple sportsbooks and casinos in various states were found to be in violation of state law since sports betting became regulated. Fines were the primary punishment, but may prove ineffective if not raised higher. The revenue in most of these casinos and sportsbooks...
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