DENVER – On Tuesday, Colorado’s Senate Finance Committee moved a sports betting bill forward by the slimmest of margins, a 5-4 vote, setting the stage for what could be a significant shift in how residents bet on sports across the state. Senate Bill 26-131, which … Read more
The majority of Wisconsin voters oppose legalizing online sports betting according to a recent Marquette Law School poll. A Missouri bill proposes a tax rate increase for operator revenue to offset promotional deductions. Sports Betting Alliance CEO, Joe Maloney, claims that Alabama is missing out … Read more
Michigan proposes a 25–50 cent per-bet tax modeled after Illinois, projecting $38.8 million in annual revenue for Medicaid funding. Illinois saw a 15% drop in betting volume after implementing the same tax as operators passed costs to bettors through fees. Republican legislators and betting operators … Read more
Missouri officials are reviewing whether to adjust certain college betting markets shortly after online wagering went live. The review is tied to a recent federal case that has prompted broader questions about college basketball oversight. Betting operators maintain that current rules have aided in spotting … Read more
A Wisconsin assembly bill (601) did not receive a vote after written testimony from the SBA opposing its structure. Despite the opposition because of revenue sharing, DraftKings and FanDuel are attempting to enter other states via prediction markets. MADISON, Wisc. – A measure to legalize … Read more
Senate Bill 592 was discussed by the Wisconsin Senate Committee on Agriculture and Revenue today. The group favors the hub-and-spoke sports betting model that the bill establishes over other sports betting models because it allows the tribes of Wisconsin to secure a high revenue share. … Read more
Hawaii is on the brink of legalizing online sports betting, with House Bill 1308 advancing through the legislature. DraftKings, FanDuel, BetMGM, and Fanatics are expected to be first in line for licenses when the market opens. HONOLULU – Hawaii’s journey toward legal sports betting took … Read more
As Hawaii’s HB1308 sports betting bill moves through the legislative process, it finds itself at the center of intense debate Wednesday. HONOLULU – Hawaii’s sports betting bill is slated to draw significant testimony in the Judiciary and Hawaiian Affairs House Committee on Wednesday, with a … Read more
Legal sports betting bills SB 715 and SJR 39 have been read and referred to State Affairs. Both bills would regulate sports betting in Texas through a constitutional amendment. 69% of Texans support the legalization of online and in-person sports betting. DALLAS – Senate Bill … Read more
