A 300-year-old British law is the basis for a $300 million lawsuit against sportsbooks in Washington, D.C. The law, known as the Statute of Anne, allows gamblers to sue to recover losses over $25. Mayor Muriel Bowser has moved to retroactively exempt sports betting from … Read more
Mayor Muriel Bowser has proposed for the D.C. budget to axe the $200K annual problem gambling fund. Officials stated that they believe diverting the money to a general fund and allocating money to programs as needed is the course of action. Despite betting first happening … Read more
The Iowa House of Representatives passed HSB 200, a bill that would expand available bet types and allow cashless betting at casinos, earlier this week by a 78-21 vote. Proponents say the bill will generate more income for Iowa while allowing more freedom to bettors; … Read more
William Hill is opening a sportsbook inside of Capital One Arena. This is the first retail sportsbook to open inside of a sports arena in the United States. WASHINGTON D.C.—Washington D.C. sports bettors are in for a huge treat when visiting Capital One Arena to … Read more
Former US Associate Attorney General Rudy Giuliani’s house was recently raided by the FBI. Sports betting fans are taking No at -140 for Rudy Giuliani to be Indicted. Giuliani has publicly addressed the FBI raid, criticizing the reasoning behind the raid. WASHINGTON – The political … Read more
All sports betting wins are considered taxable income and should be claimed on sports bettors’ taxes. The Internal Revenue Service (IRS) requires taxes to be filed if players earn $600 or more. Sports betting fans are able to deduct losses, but only to the amount … Read more
Online sports betting platform Simplebet has announced the launch of a new “Micro-Market” dynamic live betting system in Washington D.C. Bettors in D.C. will be able to live wager on nearly every aspect of NFL, NBA, and MLB games, which will be available via a … Read more
‘Yes’ is favored at -200 odds for Donald Trump holds a rally on Inauguration Day. It is speculated that President Trump plans to skip the Inauguration and kick off his 2024 Presidential Campaign on the same day. Trump is rumored to be hosting a rally … Read more
The William Hill temporary retail sportsbook has collected more wagers than the mobile GamebetDC sportsbook in Washington D.C. for November. D.C.’s total sports betting handle since launch has been underwhelming. GamebetDC took just under $3.9 million in wagers in November. WASHINGTON – Betting on sports … Read more
There are a total of 25 states that have legalized sports betting, 19 of which have active sportsbooks. Residency in a state is not required when betting on sports in a state with legal sportsbooks. Withdrawals can be made when travelers head home, but further … Read more
William Hill released their Q3 reports and their US sports betting industry had a 55% surge in handle for 2020 compared with their year-over-year. Revenue wasn’t as large, even with the uptick, because sports bettors were winning more of their wagers. The US activity has … Read more
D.C. sportsbooks bring in $142,279 in revenue for July. That is a near 300% increase in revenue compared to June. All of the sports betting revenue came from online sportsbooks. WASHINGTON – Washington D.C. sportsbooks have accumulated $142,279 in sports betting revenue during the month … Read more