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
The possibility of either dropping out of the race means that now is the time to bet on Andrew Cuomo (+1000 odds) or Curtis Sliwa (+10000 odds) to become the New York City mayor. New York – Now may be the time to bet on … Read more
Daniel Yee filed a federal lawsuit against Kalshi Inc., alleging the company misled users by promoting unregulated sports betting as legal. Yee claims Kalshi violated state laws by operating without proper sports betting licenses in states like California and New York. The lawsuit seeks a … Read more
September 2025 marked New York’s highest monthly sports betting handle since March 2025 New York’s sports betting handle hit $2.29 billion, driven by the return of the NFL season, up 10.4% from September 2024. NEW YORK – New York’s legal sports betting market experienced a … Read more
Bet on Jaxson Dart to have over 38.5 rushing yards on Thursday Night Football because of his recent performances as a starter and lack of other offensive weapons. Saquon Barkley has not been up to his standard from last season so far this season, but … Read more
Representative Alex Bores has proposed a bill in New York that would stop sportsbooks from limiting successful bettors. Carrie Torrisi from the MGC found that successful bettors are often limited more than the unsuccessful ones. NEW YORK – Assembly Member Alex Bores filed a bill … 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
Illinois, Michigan, and Maine are all on pace to record milestones for the amount of sports betting tax revenue they’ve collected based on August reports. While Illinois will join the billion-dollar club with New York, Michigan will have brought in $100 million and Maine will … Read more