With Only $3.9M in Taxes, Wyoming Eyes Sportsbook Tax Hike

With Only $3.9M in Taxes, Wyoming Eyes Sportsbook Tax Hike

Wyoming lawmakers are drafting a bill to double the state’s online sports betting tax rate from 10% to 20%, aiming to boost revenue and bring the state in line with national norms. Despite generating over $645 million in wagers and $66 million in operator revenue … Read more

U.S. Sports Betting Handle Surpasses Half a Trillion Dollars

U.S. Sports Betting Handle Surpasses Half a Trillion Dollars

The U.S. has officially surpassed $500 billion in the amount of money bet at sportsbooks both in person and online since 2018. $149.6 billion was wagered in 2024 alone, reflecting 3,100% growth since PASPA’s repeal. New York leads all states with $69.13 billion in wagers … Read more

Wyoming Tribal Sportsbooks: Game Changer for Online Betting?

Wyoming Tribal Sportsbooks: Game Changer for Online Betting?

Wyoming sports betting bill HB 299 was approved in the House over a week ago. Sitting in the Senate awaiting introduction, if passed, the number of Wyoming sportsbooks online would increase. CHEYENNE, Wyo. – Wyoming’s HB 299, which aims to authorize tribal sportsbooks for online … Read more

Best Bets For Wyoming Vs. New Mexico CBB Late Night Wednesday

Best Bets For Wyoming Vs. New Mexico CBB Late Night Wednesday

New Mexico is in first place in the Mountain West. Odds have a 17.5-point spread leaning towards New Mexico over Wyoming. ALBUQUERQUE, N.M. – Mountain West after dark on Wednesday Night features the number one team in the conference, the New Mexico Lobos as they … Read more

NCAA President Wants To Ban College Prop Bets Across U.S.

NCAA

NCAA President Charlie Baker stated that the NCAA aims to ban college prop betting across the country. Maryland, Ohio, and Vermont have already removed college prop bets from their regulated sportsbooks. The college prop bet bans don’t apply to internationally licensed sportsbooks like Bovada and … Read more

Analyzing Which States Sports Betting Tax Methods Are Best

California Sports Betting Taxes

Using reported sports betting numbers across the US, a strength rating is given to all states. States with a high rating indicate a successful market, profiting well for the state through tax benefits. The states with a lower rating show the success of sportsbooks keeping … Read more

Does Bettors’ Success Come Down to Mobile Betting?

Mobile Sports Betting

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

South Carolina Lawmakers Present New Sports Betting Bill

South Carolina Legislators

This morning, South Carolina representatives Herbkersman and Rutherford introduced a bipartisan sports betting bill; it has been sent to the House Judiciary Committee. Under the bill, up to 12 mobile sportsbooks would be available in South Carolina, and cryptocurrency would be available for deposits and … Read more

Super Bowl LVI To Shatter Sports Betting Records, AGA Says

Super Bowl Cash

According to a report released by the American Gaming Association, an estimated 31.4 million Americans will bet on Super Bowl LVI in some way. The report also predicts a $7.61 billion Super Bowl betting handle – a 78% increase from last year – with 55% … Read more

Legal Sports Betting Recap: 2021 At A Glance

sportsbooks2

Nine states launched their legal sports betting industry in 2021, nearly a third of all states that have legalized and regulated a sports betting industry in the United States. Several states witnessed a large increase in sports betting revenue, handle, hold rate, and tax contributions, … Read more