With most teams having two or less games remaining in the season, props for what conference or division will win it all are now available The teams that will sneak into the play-in featured odds, but recent Dallas Mavericks news has made the market get … Read more
Vermont sports betting bill H 127 flew through the House chamber last week, seeing approval from multiple committees. After a voice vote in the House approved the measure, the bill awaits its first reading in the Senate. If the Senate approves it, there should be … 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
Between 2018 and 2023, U.S. sportsbooks have taken in over $200 billion in bets. New Jersey, Nevada, and Illinois are among the top contributors, thanks in part to their early legalization. Sportsbooks have only held onto less than 5% of revenue in only Kansas and … Read more
Sports betting bills are gaining traction in Georgia, Minnesota, Missouri, Kentucky, and even Texas. New York and Massachusetts are each deliberating restrictions on advertisements and affiliate marketing, respectively. WASHINGTON – This week in sports betting saw a myriad of important developments, mainly in terms of … Read more
Hold rates in September are always high but three top producing states are showing historically high hold rates. This means bettors aren’t winning well, giving more money to the sportsbooks and local governments. NEW YORK – As the fall returns, so does football and its … 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
New York is the fifth state to break the $10 billion total betting handle marker. October could be the first month that any state breaks over $2 billion handled in a month. GeoComply data suggest New York would be the first to do so. NEW … Read more
States like Colorado have explicit instructions on where sports betting taxes go. Other states just link all sports betting taxes to their general fund. This includes funding for education programs, infrastructure, and problem gambling help. LAS VEGAS – Since the repeal of PASPA in 2018, … 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
The MLB has come out as an official supporter of Prop 27 in California, which would legalize online sports betting and is the first league to take a side on either bill. With partnerships with sportsbooks operators already, Prop 26 would not allow the MLB … Read more
New York’s online betting market has surpassed $9.3 billion in bets in its first six months of being live. This total handle is more than the $8 billion wagered in the first full year of US-regulated betting post PASPA. July 2022 marked the first month … Read more