Bally’s Chairman Soo Kim argues that high tax rates benefit operators by limiting competition, citing Rhode Island’s monopoly model as proof. New York’s 51% tax rate hasn’t helped Bally’s gain traction, as the company holds just 1.1% market share compared to FanDuel’s dominant 65.8%. Bally’s … Read more
Rhode Island is adding a second online sportsbook by November 2026 after six years of having only one operator, with applications due February 19. New York Assemblywoman Carrie Woerner wants to expand the state’s market from 8 to 16 operators while lowering the current 51% … Read more
New York’s sports betting market hit $26.3 billion in handle for 2025, bringing the state $1.32 billion in tax collections. Operators earned $259.7 million in December, with FanDuel and DraftKings combining for 76% of total market revenue. While New York remains the country’s top sports … Read more
New York lawmakers have revived the ORACLE Act, a proposal that would sharply limit prediction market platforms by prohibiting most sports-related contracts. The measure is part of a broader effort to rein in wagering, as lawmakers also consider restrictions on live, in-game betting at state … Read more
The Massachusetts Gaming Commission unanimously voted to advance a proposal to inform limited sports betting accounts of when and why they have been limited. The commission has been working on a resolution since May of 2024. BOSTON – Massachusetts is taking steps towards transparency for … Read more
The NBA sent out a memo outlining its plans to crack down on illegal insider trading pertaining to NBA games. Injury reporting was one of the biggest points of emphasis with changes expected to be implemented during this season. NEW YORK – In the aftermath … Read more
Bam Adebayo has recorded a double-double in each of his two games against the Magic this season and has +110 odds to record one tonight. Brandon Ingram has scored less than 20 points in five of his last seven games against the Knicks. ORLANDO, Fla. … Read more
Illinois became the second state to record at least $1 billion in sports betting tax revenue, after New York. The state implemented the country’s first progressive tax system for sports betting, with rates climbing from 20% to 40%. Most tax revenue flows into Illinois’ general … Read more
New York State Gaming Commission Chair Brian O’Dwyer calls out prediction markets, saying they are a “direct threat to the commission’s authority.” FanDuel and DraftKings have announced their intent to offer sports contracts in December. NEW YORK – Prediction markets are once again under the … Read more
The New York State Gaming Commission has shown a willingness to tighten the rules based on NBA sports betting. NEW YORK – The New York State Gaming Commission wrote a letter to NBA Commissioner Adam Silver on Thursday detailing their openness to modify state sports … Read more
Rep. Paul Tonko demands major sports leagues support his SAFE Bet Act or accept responsibility for future gambling scandals. The push follows recent FBI indictments of NBA personnel allegedly involved in betting schemes tied to organized crime. Tonko’s bill would establish federal standards including advertising … Read more
Kalshi is suing the New York State Gaming Commission after receiving a cease-and-desist notice from the state. Kalshi argues that their sports markets are legal due to the fact that they vary from traditional sports betting sites. NEW YORK – Kalshi has filed a lawsuit … Read more