The New York sports betting market has a 51% tax, compared to New Jersey only having a 13% tax rate, making it hard for NY Sports Betting Operators. FanDuel has led New York with 47% of the mobile sports betting market share in the month … Read more
Sports betting advertisement spending has increased 281% to $281 million since September 2021. The increased spending has led to a 48.4$ increase in ad impressions. More than 18 billion impressions total. The sportsbooks that have seen the most impressions have also seen the largest bump … Read more
Two sports betting bills will likely be on the November ballot in California. Only one would allow online sports betting and allow bets on California colleges and universities. Neither initiative proposed sports a tax rate near that of New York state. SACRAMENTO, Calif. – State-regulated … Read more
Since its launch in January 2022, NY has seen over $400 million in mobile betting revenue with the state seeing over $200 million in taxes. ALBANY, N.Y. – Morgan Stanley has recently given its projections on the New York sports betting market, predicting revenue reaches … Read more
New Jersey’s streak of $1 billion betting handle months comes to an end in April 2022 as sportsbooks raked in $926.9 million. The betting handle is actually up 23.9% compared to April 2021 but revenue is slightly down 8.2% year over year, however. TRENTON, N.J. … Read more
New York mobile sports betting brought in over a $6 billion handle. New York reported $12.8 million in revenue. NEW YORK – New York expanded its sports betting industry in January 2022 by allowing mobile and online sports betting throughout the state. With the expansion, … Read more
FanDuel is now the official betting partner of the New York Yankees. FanDuel is the number one online sportsbook in New York. This is the second sports betting deal for a New York baseball team. NEW YORK – After FanDuel sportsbook has eclipsed Caesars for … Read more
Former presidential candidate and current Texas gubernatorial candidate Robert “Beto” O’Rourke voiced his support for legal sports betting in Texas this week. O’Rourke is running a campaign against incumbent Gov. Greg Abbott; O’Rourke is considered a longshot to unseat Abbott, though his support could create … Read more
Lawmakers in New York are continuing efforts to rework the 51% tax rate for sportsbooks. The bill would also increase the number of sports betting operators in New York. New York has benefited greatly from the 51% tax rate, taking in $163.6 million in taxes … Read more
Caesars sportsbook is now the official betting partner of the New York Mets. Online betting in New York launched on January 8, 2022. NEW YORK – In recent New York sports betting news, the New York Mets and Caesars Sportsbook have come together on a … Read more
California’s voters currently have three competing sports betting initiatives to choose from, with each providing a slightly different legal sports betting market. The California Solutions to Homelessness and Mental Health Support Act is the most likely initiative to pass, with financial support from retail giants … Read more
New York sports betting handles have grown every week in March FanDuel had the largest handle of the third week in March FanDuel, DraftKings and Ceasars Sportsbooks took 80% of the market share NEW YORK – New York’s mobile sports betting handle has seen consistent … Read more