getty After a flurry of states legalizing sports betting every year since 2018, the pace of legalization has begun to slow down. This November, there is only one state that could legalize sports wagering: Missouri. That is, of course, a trickle compared to prior years. In 2023, six states launched new betting markets: Florida, Kentucky,...
Tag: mobile sports betting
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DraftKings announces plans for DC sports betting launch
The pool of sports betting operators in Washington, DC got a little bit bigger Tuesday (23 July) when DraftKings announced intentions to launch its platform in the newly opened competitive market. With the addition of DC, DraftKings will have launched in 29 North American jurisdictions. “We would like to thank the DC Council for creating...
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Tennessee’s First 12 Months Of Taxing Sports Betting Handle Reaps $87.6 Million
The Tennessee legislature raised a few eyebrows last year when it opted to change its method of taxation from the traditional nationwide levy on revenue from sports betting operators, to one based on handle starting with Fiscal Year 2023-24. Fast forward 12 months and the state’s Sports Wagering Council reported $87.6 million in state taxes...
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Super Group To Leave U.S. Sports Betting Marketplace
Super Group, the parent company of the sportsbook Betway, announced Wednesday it will be leaving the U.S. sports betting marketplace to focus its energies on internet casino gaming in New Jersey and Pennsylvania. “As a global business, we constantly evaluate the optimal use of our resources across all markets in which we operate,” Super Group...
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North Carolina Sports Betting Handle Finally Slows In June
The North Carolina State Lottery Commission reported $398.3 million in sports betting handle for June on Tuesday, the first time in four months action failed to reach one-half billion dollars. The 24.2% decline from May’s $525.5 million was somewhat expected given the lighter sports schedule that comes with June. The Boston Celtics took care of...
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FanDuel Surpasses $1 Billion In Estimated New York Sports Betting Tax Payments
FanDuel looks to have surpassed $1 billion in mobile sports betting tax payments to the state of New York after an estimated $6.5 million in receipts were due for the week ending June 30, according to figures from the New York State Gaming Commission. The mobile juggernaut is the runaway leader in handle and revenue...
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FanDuel Fuels Record Totals For Washington D.C. Betting In May
FanDuel‘s strong May numbers in its first full month as the D.C. Lottery’s primary sports betting operator fueled a record-setting month as the rest of the district’s operator figures were released Monday. Overall, the nation’s capital reported all-time highs of $5.4 million in sports betting revenue and $35.4 million in handle. It was the second...
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A Bad Week for Pro Leagues’ Modern Embrace of Sports Betting
After a week in which an alleged co-conspirator of a banned NBA player was charged with wire fraud for a betting scheme involving NBA games and Major League Baseball banned and suspended players for betting on the sport, the congressional testimony delivered by major sports league commissioners on June 26, 1991, seems downright prophetic. NFL commissioner Paul...
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Arizona Department of Gaming To Accept Applications For Sports Betting Licenses
The Arizona Department of Gaming announced Friday it will be accepting applications for sports betting licenses from July 8-19, offering the potential of moving closer to its maximum allotted 20. There are currently 17 licenses active in the Grand Canyon State, eight tethered to what the state agency calls “Arizona Sports Franchises” and nine to...
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Report: Illegal Mobile Sports Betting Market Cost New York, New Jersey $2.9B In 2023 Revenue
A report released by the Campaign for Fairer Gambling and Yield Sec claims the New York and New Jersey mobile sports betting markets lost a combined $2.9 billion in revenue to illegal operators 2023. Both states surpassed $1 billion in total sports betting revenue in 2003, with New York leading the country with close to...
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North Carolina’s rapidly snowballing gambling mess • NC Newsline
The physical therapy facility was a beehive of activity at 8:00 a.m. on a Tuesday. In a big and well-lit room, dozens of patients – most of them aging and trying their best to stave off various ravages of time – stretched awkwardly on tables or did their best to make use of exercise machines...
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Illinois Could Shift To Progressive Sports Betting Tax
An Illinois lawmaker has proposed a progressive sports betting tax rate as an alternative to Gov. JB Pritzker’s proposed increase to 35% for the upcoming fiscal year beginning July 1. The minimum tax rate as part of HB 4951 is 20%, an increase from the current 15% rate at all levels of operator adjusted gross...
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