Senators Push To Eliminate Federal Sports Betting Excise Tax

Senators Push To Eliminate Federal Sports Betting Excise Tax - Catherine Cortez Masto, Cindy Hyde-Smith

Senators Catherine Cortez Masto and Cindy Hyde-Smith reintroduced legislation to repeal the federal excise tax, calling it outdated. The renewed push comes as Nevada sportsbooks continue to pay millions and follows the recent failure of Rep. Dina Titus’ FAIR Bet Act. WASHINGTON — A bipartisan … Read more

FanDuel Funds SEPTA Train Service for Eagles Home Opener

FanDuel Funds SEPTA Train Service for Eagles Home Opener

FanDuel paid $80,000 to restore SEPTA’s Sports Express train service for the Eagles’ home opener, covering extra pre-game trips and free post-game rides amid the agency’s $213 million budget deficit. The sponsorship highlights how underfunded U.S. transit agencies are turning to private companies for support. … Read more

DraftKings to Ban Credit Cards in All States This Week

DraftKings Announces a New Credit Card Ban on Platform

DraftKings will stop accepting credit card deposits in every state starting on August 25, 2025. The sports betting company accepted popular credit card brands such as Visa, Mastercard, Discover, and American Express in select jurisdictions. DraftKings was recently fined $450,000 in Massachusetts for accepting credit … Read more

Pennsylvania Woman Stole $533K for DraftKings, Pleads Guilty

$533K DraftKings Fraud Leads to Pennsylvania Guilty Plea

Former Gregg Township secretary pleads guilty to stealing $533K with funds going to DraftKings, Venmo, and personal trips over 5 years. An audit revealed nearly 3,700 fraudulent transactions dating to 2019, as sentencing is set for Sept. 16. STATE COLLEGE, Pa. – Former Gregg Township … Read more

Feds: Pennsylvania Title Agent Stole Millions To Bet Sports

Feds: Pennsylvania Title Agent Stole Millions To Bet Sports

Louis Belletieri admitted to stealing millions from escrow accounts meant for real estate closings. Prosecutors say he used the funds for personal expenses and extensive sports betting at legal online sportsbooks. ALLENTOWN, Pa. – A former title agent and business executive in Allentown has pleaded … Read more

Kyle Schwarber, Phillies Home Favorites On Tuesday Night

Bet On A Kyle Schwarber Home Run Against The Braves

The Philadelphia Phillies are -113 home favorites against the Atlanta Braves who have beat them in two of their first three matchups. Kyle Schwarber has +240 odds to hit a home run tonight. He hit a home run just three days ago against the Athletics. … Read more

Americans Have Won Over $450 Billion Betting On Sports

Americans Have Won Over $450 Billion Betting On Sports

Bettors in New York, New Jersey, and Nevada have won more than $160 billion combined, nearly 35% of all legal sports betting payouts. Nevada boasts the highest win rate in the country at 94.2%, while Delaware ranks last with just 84.3%. LAS VEGAS – The … Read more

U.S. Sports Betting Handle Surpasses Half a Trillion Dollars

U.S. Sports Betting Handle Surpasses Half a Trillion Dollars

The U.S. has officially surpassed $500 billion in the amount of money bet at sportsbooks both in person and online since 2018. $149.6 billion was wagered in 2024 alone, reflecting 3,100% growth since PASPA’s repeal. New York leads all states with $69.13 billion in wagers … Read more