DraftKings will implement a surcharge on bettors’ winnings in four states with higher-than-average tax rates on sports betting. Critics argue that the surcharge undermines transparency and that changing odds is better than integrating a surcharge. NEW YORK – Starting January 1, 2025, DraftKings will introduce … Read more
A mysterious plaintiff accuses DraftKings of aiding an extortion plot orchestrated by a notorious sports betting figure, alleging a breach of trust and personal safety. Claims of leaked personal data and a hacked account intensify a lawsuit seeking over $1 million in damages from DraftKings, … Read more
Illinois is only two steps away from implementing a progressive sports betting tax that reaches up to 40%. The Illinois Senate amended House Bill 4951, including a progressive sports betting tax starting at 20% and reaching up to 40% based on operator revenue earnings. Illinois … Read more
Bovada offers a parlay boost on the Denver Nuggets to cover, Purdue to cover, and the Houston Astros to win from +805 to +1000. For this parlay, Denver is favored by 6.5, the Boilermakers are favored by 5.5, and the Astros ML is -165. HOUSTON … Read more
Aaron Rodgers has -110 odds to be the vice-presidential nominee for Robert F Kennedy Jr.’s presidential campaign. Kennedy told the New York Times he has a short list for his Vice President position. Jesse Ventura, former Minnesota governor, is a lock at +110 odds to … Read more
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 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
Buy FLUT in its entrance to the American stock market. Hold DKNG but get back in if a mass sell off happens. CZR is a sell due to their inflated price. PHOENIX – With the 2024 stock market being a month old, it’s time to … Read more
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
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 residents wagered $1.978 billion in handle through Nov. 26. The New York State Gaming Commission reported a sports betting handle over $516,000 for the week ending Nov. 26. New York became the first state to reach a $2 billion monthly online sports betting … Read more
New York became the first state to reach a $2 billion sports betting handle in one month. The feat occurred this October, where the state saw exactly $2,006,823,408 billion in bets. New York made over $166 thousand in gross gaming revenue for October. NEW YORK … Read more