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
Americans bet $79.76 billion on sports since January of 2023. Based on current pace and upcoming sporting events, the market expects to continue its growth and surpass the $100 billion mark before the year ends. The emergence of new online sportsbooks and more states with … Read more
DraftKings surpassed FanDuel in monthly handle for the first time since Ohio sports betting launched in January. July was the lowest monthly-handle in Ohio’s sports betting history. Ohio surpassed the $4 billion mark in seven months despite their worst month in July. CINCINNATI – Ohio’s … Read more
Fanatics and the Columbus Blue Jackets opened their retail sportsbook located in the downtown Columbus Arena District. The retail sportsbook offers legal sports betting and viewing of all major sports. Former Ohio professional athletes Ryan Shazier and RJ Umberger placed the ceremonial first bets. COLUMBUS, … Read more
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
PlayUp Sportsbook was shut down by the New Jersey Division of Gaming Enforcement for multiple non-compliance issues. The New Jersey sportsbook failed to deliver financial information by the July 14 date requested by the Division after multiple requests. A revocation letter published by the Division … Read more
The Massachusetts Gaming Commission unanimously denied LIV Golf from their state sports wagering catalog. The commission cited legal troubles and funding concerns as to why the Commonwealth will not be adding LIV Golf to the sportsbooks’ catalogs. Magic City Jai Alia was also denied approval, … Read more
A newly approved Ohio state budget includes a sports betting tax rate increase to 20%. Ohio Governor Mike DeWine signed the approved budget on July 3. The tax rate increase went into effect on July 1, 2023. COLUMBUS, Ohio – A sports betting tax rate increase … Read more
The Ohio House of Representatives did not concur with the Senate-approved tax rate amendment. A legal sports betting tax rate increase from 10% to 20% was approved in the Ohio Senate on Thursday. The Ohio Casino Control Commission recorded over $45 million in tax revenue … Read more
The Ohio Casino Control Commission’s monthly revenue report shows that more than $520 billion dollars in sports betting wagers were placed in April. Another month with over half a billion dollars in wagers saw Ohio surpass the $3 billion mark in just four months with … Read more
Fanatics Betting and Gaming has acquired PointsBet US for $150 million. The Australian-based sportsbook will retain their Australian and Canadian businesses. Fanatics Sportsbook will gain access to PointsBet US’s sports betting licenses across 14 states. NEW YORK – PointsBet US announced a $150M sale agreement … Read more
Ohio and New Jersey pulled bets on Alabama baseball off the board last week. With BAMA coach Brad Bohannon being fired, some places are linking the two. TUSCALOOSCA, Ala. – In the morning on Thursday, the University of Alabama fired head baseball coach Brad Bohannon. … Read more