Sports Betting Contributed $100M To New Hampshire Education

New Hampshire Department of Education

New Hampshire public education received $100 million from sports betting revenue in the last four years. The New Hampshire Lottery reported more than $2.71 billion worth of wagers since launching legal sports betting four years ago. Sports betting generated $505.96 million in tax revenue nationwide, … Read more

ESPN BET Acquires New York Sports Betting License from Wynn

WynnBet

ESPN BET will soon operate in New York after striking a deal with Wynn Interactive for $25 million. PENN Entertainment’s ESPN-branded sportsbook currently operates in 17 states. Pending regulatory approvals, ESPN BET will launch in New York in 2024. NEW YORK – ESPN BET is … Read more

New Jersey Sportsbooks Edge Near $12 Billion For 2023

New Jersey Sportsbook

Sportsbooks in New Jersey kept over $1 billion from their near $12 billion handle. Parlays represented 25% of NJ’s sportsbook intake but over 50% of their revenue. Basketball ($2.68 billion) beat out football ($2.30 billion) as the sport with the most money bet on it … Read more

An Early Recap Of The 2023 US Sports Betting Market

2023 US Sports Betting Market

With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves … Read more

New York, Michigan to Ban Pick ‘Em Style DFS like PrizePicks

Michigan Gaming Control Board - PrizePicks

Michigan will ban PrizePicks, Underdog, and other daily fantasy sports (DFS) operators that offer over/under props on individual player performance. The move comes one day after New York approved new DFS rules that ban the same Pick ‘Em style propositional bets. The DFS changes do … Read more

DraftKings Under Fire for Releasing Insensitive 9/11 Parlay

DraftKings

DraftKings released a ‘Never Forget’ parlay to commemorate 9/11. The operator pulled the bet after receiving plenty of criticism on social media. DraftKings offered +651 odds for three New York teams to win on September 11. NEW YORK – DraftKings Sportsbook made a poor attempt … Read more

Legal US Sports Betting Hits $250 Billion Mark Since 2018

Legal US Sports Betting Hits $250 Billion Mark

The total legal US sports betting handle surpassed the $250 billion mark in 2023. New Jersey is the biggest contributor to the milestone, making up 15.78% of the total handle. Ohio and Massachusetts launched earlier this year, adding two major markets to continue hitting legal … Read more

Michigan Proposes New Regulations to Ban DFS Prop Selections

DFS Prop Selections

Michigan regulators proposed regulations to ban daily fantasy sports (DFS) contests that resemble sports betting. The regulations target DFS operators such as PrizePicks and Boom, who offer “proposition selection” on individual player performances. Underdog and other DFS operators argue they’re legal fantasy sports and not … Read more