Revenue fell 19.9% to $58.3 million as hold dropped from 11.0% to 9.1%, with gross receipts down 3.8%. All seven operators with more than $20 million in gross receipts posted a lower hold than in August 2025. FanDuel posted the most revenue at $20.7 million, … Read more
The panel found Kalshi’s sports contracts are not swaps because their events carry no inherent financial, economic or commercial consequence. The Commodity Exchange Act would leave both states’ gambling laws intact even if the contracts counted as swaps, the court held. Kalshi lost its bid … Read more
AUSTIN, Texas – Arch Manning is set to redeem himself after a poor performance against the Ohio State Buckeyes last season. Arch Manning props at college football betting sites set his passing yards total at a respectable 247.5-yard line. Arch Manning Passing Yards Prop The … Read more
BROOKLYN, N.Y. – Underdog daily fantasy sports drafts like their best ball drafts will no longer be available in seven states after Wednesday’s NFL Kickoff. Underdog Drafts will be shut down in Massachusetts, Maryland, Michigan, New Jersey, Pennsylvania, and Ohio as the company shifts their … Read more
HISA’s proposed 2027 budget totals $72,730,613, down about 5.75% from the $77.17 million assessed for 2026. Racing pays $449.97 for every start, spread across 161,635 covered starts in 19 states. Sample-collection credits of $16.24 million would cut what the industry actually remits to $56,488,543. Public … Read more
COLUMBUS, Ohio – A rule change to ban Ohio sportsbooks from accepting credit card deposits was unanimously moved forward by the Ohio Casino Control Commission (OCCC) on Wednesday. While many Ohio sports betting operators already ban credit card deposits, efforts to pass a statewide ban … Read more
BATON ROUGE, La. – Legislators in Louisiana are making big strides to uphold sportsmanship amongst sports bettors, sending a bill against sports betting related harassment of athletes to the desk of Governor Jeff Landry. SB 325 – which aims to “exclude certain persons from participating … Read more
WASHINGTON – On the morning of May 14, 2018, the Supreme Court of the United States handed down Murphy v. NCAA and ended Nevada’s 26-year monopoly on legal sports betting. Eight years later, questions surrounding who would profit and under what rules have been answered… … Read more
HARRISBURG, Penn. – Another state has joined in the fight to regulate prediction markets, as Pennsylvania lawmakers aim to pass new legislation taking aim at the controversial platforms. House Bill 2497 is a proposed act to amend Title 4 of the Pennsylvania Consolidated Statutes. It … Read more
COLUMBUS, Ohio – Ohio’s prediction market bill signals a new way for states to combat the prediction market infestation. Senate Bill 430 establishes a licensing and regulation framework that would make prediction market companies pay taxes like Ohio sports betting sites do. Ohio has proven … Read more
CLEVELAND – Game 5 between the Cleveland Cavaliers and Toronto Raptors is a critical one for both sides after Toronto fought back from down 2-0, winning each of their two games at home to knot the series up at two games apiece. Toronto Raptors vs … Read more
COLUMBUS, Ohio – The Ohio Casino Control Commission levied a $5 million fine on Kalshi for offering unlicensed sports betting in the state. However, with the recent production of Kalshi, this punishment will not be enough to scare them off. During March Madness betting, Kalshi … Read more