PASPA was repealed seven years ago, with legal sports betting having transformed from a curiosity into a half-trillion-dollar industry. What began as a fight over states’ rights has gone from taboo to mainstream, reshaping how Americans watch, bet, and engage with sports. With $50 billion … Read more
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
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
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 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
New York Assembly Bill A7962 proposes strict limits, including daily betting and deposit caps, and tight advertising restrictions. The proposal aims to curb problem gambling, but could drive high-volume bettors back to New Jersey. ALBANY, N.Y. – A new proposal from the New York State … Read more
Nebraska’s mobile sports betting expansion clears a major hurdle in the legislature. March Madness bettors beat the books, causing big Q1 losses for DraftKings and FanDuel. North Carolina moves to double its sports betting tax rate, eyeing major revenue gains OMAHA, Neb. – From statehouse … Read more
Hawaii House Bill 1308 will undergo a public hearing, but many state agencies have submitted testimony in opposition to the Hawaii sports betting measure. Mississippi went back and forth about adding online sports betting to their laws but their measure SB 2510 died in a … Read more
Alberta’s Bill 48: the iGaming Alberta Act seeks to create a competitive online gambling market. In New Jersey and Nevada, regulators have issued cease-and-desist orders to Kalshi’s sports prediction markets. ATLANTIC CITY, N.J. – Alberta is taking steps to modernize its gambling landscape with the … Read more
Nevada’s in-person sign-up rule for mobile betting limits its market share, recording the seventh-highest sports betting handle ($7.89 billion) in 2024. Eliminating in-person registration could boost mobile betting participation, letting them compete for the 4th spot in national sports betting rankings. LAS VEGAS – Nevada’s … Read more
Sweepstakes casinos offer a free alternative to real money online casinos, causing them to be a significant threat to the iGaming industry. New Jersey, Maryland, Connecticut, and New York have already begun introducing bills to regulate and prohibit sweepstakes casinos. BALTIMORE – Sweepstakes casinos, the … Read more
A Fairleigh Dickinson University poll shows 76% of New Jersey voters support gambling ad limits. Australia’s largest bookmaker, Sportsbet, has stopped airing live odds updates during NRL and AFL broadcasts. U.S. lawmakers are considering new regulations, including the SAFE Bet Act, which would limit sports … Read more