Betting on the 2024 Paris Olympics expects to double from $20 million in 2021 to $40 million at this year’s games. A rise in legal sports betting states throughout the country is the main contributor to increased American betting expectations. Data from Google Trends supports … Read more
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 betting odds helps show there could … Read more
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 … Read more
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 record-setting online sports betting handle. BOSTON … Read more
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. Richard Daynard spearheads the lawsuit, the … Read more
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 the incorrect … Read more
Americans bet $79.76 billion on sports since January of 2023. Based on current pace and upcoming sporting events, the market expects to continue its growth and surpass the $100 billion mark before the year ends. The emergence of new online sportsbooks and more states with … Read more
DraftKings Sportsbook set new monthly records in Massachusetts for sports betting revenue and handle in October. The state’s largest operator seeks 178 winning wagers to be voided due to an error with incorrect odds. Massachusetts players placed $4,182.36 and won $575,436 on the incorrect NBA … Read more
The total legal US sports betting handle surpassed the $250 billion mark in 2023. New Jersey is the biggest contributor to the milestone, making up 15.78% of the total handle. Ohio and Massachusetts launched earlier this year, adding two major markets to continue hitting legal … Read more
The Massachusetts Gaming Commission issued three casino sportsbooks fined totaling $50,000 for non-compliance. Each casino sportsbook offered at least one unauthorized college basketball game in February. MGM Springfield and Plainridge Park Casino were fined $20,000, while Encore Boston Harbor received a $10,000 fine. BOSTON – … Read more
The Massachusetts Gaming Commission unanimously denied LIV Golf from their state sports wagering catalog. The commission cited legal troubles and funding concerns as to why the Commonwealth will not be adding LIV Golf to the sportsbooks’ catalogs. Magic City Jai Alia was also denied approval, … Read more
Legal sports betting bill H. 127 was signed by Vermont Governor Phil Scott Wednesday, bringing in-person, online, and mobile sports betting to the Green Mountain State. MONTPELIER, Vt. – Governor Phil Scott signed House Bill 127 Wednesday, effectively adding state-regulated options to the sites that … Read more