by Michael Molter | Oct 25, 2022 10:23 am | Legal
Elissa Silverman filed the Sports Wagering and Fair Competition Amendment Act of 2022. This measure would add Class C sportsbook licenses for mobile operators. This removes Intralot’s online sports betting monopoly and increases the tax rate to 15%. WASHINGTON...
by Michael Molter | Oct 4, 2022 12:58 pm | Revenue
Sportsbooks posting the highest hold percentages are found in states without mobile sports betting. But, states with mobile-only sports betting aren’t seeing better bettors across the US industry. States with professional sports teams could play more of a factor...
by Michael Molter | Sep 8, 2022 11:16 am | Revenue
States like Colorado have explicit instructions on where sports betting taxes go. Other states just link all sports betting taxes to their general fund. This includes funding for education programs, infrastructure, and problem gambling help. LAS VEGAS – Since...
by Michael Molter | Sep 6, 2022 9:18 am | Sports Betting
Cloakroom is about a month out from receiving their licensing approval from the DC Lottery. Cloakroom would become the first sportsbook in the US that is inside of a strip club. Kiosks and betting windows will start the betting at Cloakroom but mobile betting is a...
by Brett Crown | Aug 17, 2022 10:54 am | Revenue
FanDuel Sportsbook launched in Washington DC in mid-July, but still, put up a respectable handle while dominating other sportsbooks when comparing rate statistics. Despite factors working against long-term exponential growth, FanDuel is likely to grow its revenue...
