March Madness is causing states to push for final approval on sports betting. Michigan, Montana, and Illinois are all set to launch in time for NCAA Tournament betting. When these three states launch, 17 states will be offering legal sports betting. DETROIT — With March … Read more
There is already one form of sports betting allowed in Canada. Kevin Waugh introduced Bill C218, which would legalize single-game sports wagering in Canada. U.S. border states have impacted sports bettors in Canada. TORONTO, Canada – A new sports betting bill in Canada was introduced … Read more
The Montana Lottery Commission has come to an agreement on the rules and regulations for Sports Bet Montana and can move forward with a launch. Montana officially legalized sports betting in May of 2019 but had not yet made it available to the public. Over … Read more
Sports betting is completely legal in Montana. People involved with the University of Montana athletics cannot bet on sports. Sharing information that could influence bets is also strictly prohibited. MISSOULA, Mont. – The University of Montana has passed rules last week that prevent members of … Read more
South Dakota failed to legalize sports wagering in 2019. More states surrounding South Dakota have legal sports betting. Lawmakers do not want to lose potential tax revenue to other states. DEADWOOD, S.D. – The Deadwood Gaming Association is aiming to legalize sports betting during the … Read more
The total money wagered at licensed sportsbooks throughout 2019 broke the $11 billion mark. Over $750 million was kept by sportsbooks as revenue from bettors’ losing wagers. With mobile betting becoming standard, 2020 should see over $20 billion wagered. LAS VEGAS – Since PASPA was … Read more
Over 20 states will have legalized sports betting in 2020. The three biggest states for the market are not part of those states but have been in favor of legalization. California, Florida, and Texas have faced either tribal or political opposition on the issue. PROVIDENCE, … Read more
Intralot provides gaming technology to lottery and sports betting operators around the world. The firm was recently awarded a sports betting contract with the New Hampshire Lottery. Intralot’s third-quarter dip in revenue is the third consistent quarter in which the company has underperformed when compared … Read more
Nevada sportsbooks took in almost $550 million in legal sports wagers during October. Year over year, sports betting revenue increased by $100 million from legal sportsbooks. New sports betting handle and revenue records should continue to be set with mobile betting. LAS VEGAS – With … Read more
MT HB 725 is the bill that legalized sports betting in Montana. Bettors in the state can bet on Montana colleges. Schools are creating policies to prevent people from or close to the team from betting. BOZEMAN, Mont. – The Board of Regents will meet … Read more
Every state with legal sports betting taxes their sportsbooks’ revenue at a percentage ranging from 6.75% – 51%. While the majority of states only send tax contributions to their statehouse, others give to the cities or counties that host the books. Sports betting revenue and … Read more
Sports betting in Montana was legalized in May. The Montana Lottery is in charge of regulating sports betting in Montana and issued out their first draft of rules on October 4. Written comments on the proposed rules will be accepted by the Montana Lottery until … Read more