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Americans Have Won Over $450 Billion Betting On Sports

Americans Have Won Over $450 Billion Betting On Sports

by Michael Molter | May 7, 2025 5:45 pm | Revenue

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 house doesn’t...
NFL Draft Betting in 2025: Where It’s Legal Vs Restricted

NFL Draft Betting in 2025: Where It’s Legal Vs Restricted

by Michael Molter | Apr 23, 2025 12:02 pm | Legal

Seven states allow NFL Draft betting but have some restrictions (generally based on timing for when you can place the bet). Because they are not athletic events, another nine states outright ban bettors from wagering on the NFL Draft. Bettors in every state can access...
Florida Lawmakers Debate New Gambling Restrictions For 2025

Florida Lawmakers Debate New Gambling Restrictions For 2025

by Michael Molter | Feb 27, 2025 11:06 am | Legal

Florida lawmakers are pushing HB 953 and SB 1404 to criminalize sweepstakes gaming, with harsh penalties for operators and participants. The bills leave the Seminole Tribe’s exclusive gaming compact untouched, raising concerns about a potential monopoly over online...
Two States Introduce Bills to Repeal Online Sports Betting

Two States Introduce Bills to Repeal Online Sports Betting

by Michael Molter | Feb 26, 2025 10:09 am | Legal

Rep. Thomas Stevens filed Vermont sports betting bill H 133 which would repeal the statutes for sports wagering and the state’s lottery. In Maryland, Senator Joanne C. Benson filed measure SB 1033 which repeal online sports wagering beginning January 1, 2026. While...
Vermont’s First Year of Sports Betting By the Numbers

Vermont’s First Year of Sports Betting By the Numbers

by Michael Molter | Jan 30, 2025 2:42 pm | Revenue

Basketball was the most bet on sport in Vermont for 2024. The first year of action saw VT sportsbooks collect nearly $200 million from sports bets. The State of Vermont received over $6.3 million in sports betting taxes from Year 1. Tennis saw a high percentage of...
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