Major changes in mobile sports betting are on the horizon as the DC Council opens the market to multiple operators. The new budget slashes tax rates and welcomes competitors like BetMGM and Caesars to expand citywide. An amendment ensures betting kiosks remain in convenience stores … Read more
With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves … Read more
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 – Councilmember Elissa Silverman filed a … Read more
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 than mobile betting access. DOVER, Del. … Read more
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 the repeal of PASPA in 2018, … Read more
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 … Read more
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 within the nation’s capital due to football season … Read more
DOVER, Del. – Despite having legal sports betting, there are a few states whose sports bettors may wish they had a tougher time to bet. The average hold rate for a sportsbook is 7% – this is the percentage of money sportsbooks keep after paying out … Read more
The US Court of Appeals has given a timetable on the ongoing legal battle regarding the Florida gaming compact which allowed for sports betting. The timetable shows that things will not be settled until at least 2023. Florida cannot move to pass any sports betting … Read more
Audi Field launches the first MLS in-stadium sportsbook in the country through the D.C. United MLS team’s partnership with Caesars Sportsbook. There are six markets that have been approved in-stadium sportsbooks but Arizona will be home to sportsbooks at multiple stadiums. PHOENIX – With the … Read more
Popular podcaster Joe Rogan and Billionaire Elon Musk have both publicly endorsed Florida Governor Ron DeSantis to win the 2024 Presidential Election. DeSantis now has +325 odds to win the upcoming election, tied for the shortest odds alongside former President Donald Trump. DeSantis has not … Read more
An appeal to the ruling to shut down-regulated sports betting in Florida was denied by the DC Circuit Court. The main appeal remains stagnant and will be reviewed in 2023. No new compact can be brought forth in Florida until the appeal is dealt with. … Read more