by Michael Molter | Mar 27, 2023 4:08 pm | Legal
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 no...
by Jeremias Di Vico | Mar 23, 2023 4:02 pm | Legal
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...
by Jeremias Di Vico | Mar 8, 2023 8:58 am | Revenue
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...
by Jeremias Di Vico | Mar 1, 2023 10:57 am | Legal
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...
by Michael Molter | Oct 17, 2022 4:47 pm | Revenue
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...