Senators Push To Eliminate Federal Sports Betting Excise Tax

Senators Push To Eliminate Federal Sports Betting Excise Tax - Catherine Cortez Masto, Cindy Hyde-Smith

Senators Catherine Cortez Masto and Cindy Hyde-Smith reintroduced legislation to repeal the federal excise tax, calling it outdated. The renewed push comes as Nevada sportsbooks continue to pay millions and follows the recent failure of Rep. Dina Titus’ FAIR Bet Act. WASHINGTON — A bipartisan … Read more

Minnesota, Portland Headline NBA Summer League Picks Tuesday

Two West Conference Teams To Pick At Summer League Tuesday - Terrence Shannon Jr.

The Minnesota Timberwolves are favored against the Detroit Pistons as both teams enter the game with a 2-0 record. Despite losing their first two games, the New Orleans Pelicans are two point favorites over the Portland Trail Blazers. LAS VEGAS – NBA Summer League rolls … Read more

Kalshi’s Model Is Forcing a Government Rethink on Gambling

Kalshi’s Legal Fight Is Changing the Sports Betting Rules

Kalshi is suing multiple states, arguing its event contracts are federally regulated derivatives, not gambling. Federal judges in Nevada and New Jersey have sided with Kalshi in early rulings. The CFTC dropped its appeal over Kalshi’s election markets, signaling a regulatory shift. States like Illinois … Read more

Americans Have Won Over $450 Billion Betting On Sports

Americans Have Won Over $450 Billion Betting On Sports

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 … Read more

U.S. Sports Betting Handle Surpasses Half a Trillion Dollars

U.S. Sports Betting Handle Surpasses Half a Trillion Dollars

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 wagers … Read more

Caesars Integrates Horse Racing into Sportsbook App

Caesars Integrates Horse Racing into Sportsbook App

Caesars Sportsbook app now offers integrated horse race wagering in Kentucky and Colorado with live streaming and shared wallet functionality. WSOP Online expands to Pennsylvania, creating the first four-state shared player pool for online poker in the U.S. Both updates launch ahead of key events: … Read more

NFL Draft Betting in 2025: Where It’s Legal Vs Restricted

NFL Draft Betting in 2025: Where It's Legal Vs Restricted

Seven states allow NFL Draft betting but have some restrictions (generally based on timing for when you can place the bet). Because they are not athletic events, another nine states outright ban bettors from wagering on the NFL Draft. Bettors in every state can access … Read more