Rep. Marc Malon has introduced a bill in Maine that would prohibit the use of credit cards for online sports betting. Eight other states have already taken similar measures in an effort to reduce gambling addiction and debt. AUGUSTA, Maine – A new bill has … Read more
Kalshi has been ordered to cease and desist operations in Massachusetts. Massachusetts Attorney General Andrea Joy Campbell filed the lawsuit against Kalshi on Friday. BOSTON – Massachusetts Attorney General Andrea Joy Campbell filed a lawsuit on Friday against Kalshi for operating their online prediction market … Read more
DraftKings will stop accepting credit card deposits in every state starting on August 25, 2025. The sports betting company accepted popular credit card brands such as Visa, Mastercard, Discover, and American Express in select jurisdictions. DraftKings was recently fined $450,000 in Massachusetts for accepting credit … Read more
Nevada sportsbooks have approached a betting handle of $50 billion since 2018. Other sports betting milestones include New Hampshire closing in on $4 billion since their launch. As Connecticut nears $7 billion placed in sports bets, West Virginia has seen almost $25 billion. LAS VEGAS … Read more
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
New Hampshire legislators propose raising the minimum sports betting age from 18 to 21, which could drop nearly 2% of the player base. The potential lost revenue from young bettors ($640,000) represents only about 0.8% of the yearly benefits from NH sportsbooks. The measure, NH … Read more
New Hampshire public education received $100 million from sports betting revenue in the last four years. The New Hampshire Lottery reported more than $2.71 billion worth of wagers since launching legal sports betting four years ago. Sports betting generated $505.96 million in tax revenue nationwide, … 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
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 Special Fund. … Read more
Sportsbooks posting the highest hold percentages are found in states without mobile sports betting. But, states with mobile-only sports betting aren’t seeing better bettors across the US industry. States with professional sports teams could play more of a factor than mobile betting access. DOVER, Del. … Read more
Vermont legislators have recently released a report that identifies the six key decision points in establishing sports betting. On top of having to establish rulings on six points, Vermont legislators have founded a Sports Betting Research Committee that is researching the subject. With so many … Read more
Pennsylvania, Illinois, New York and New Jersey have contributed over $1 billion to local governments from sports betting taxes. Nevada sports bettors hold the best win rate (5.65%), while Montana sportsbooks see bettors lose at the US’s worst rate (13.5%). WASHINGTON – Nationwide, sports betting … Read more