Former professional poker player Long Phi Pham, who conspired with ex-NBA player Jontay Porter and two others in a sports betting scam, Wednesday (2 October) agreed to plead guilty to one charge of conspiracy to commit wire fraud. Pham appeared in the US District Court for the Eastern District of New York. He was released...
Tag: New York
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Gambling advertising laws tightened in New York
The bill ensures all forms of wagering, including online, will carry responsible gambling messaging In a move aimed at addressing the growing concerns over gambling addiction, New York Governor Kathy Hochul signed into law new legislation that mandates stronger warnings in gambling and sports betting advertisements. The legislation, S1550/A1118, requires all gambling-related advertisements, including those...
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.jpg "Study Details U.S. Approach To Sports Betting Taxes")
Study Details U.S. Approach To Sports Betting Taxes
A new study by the U.S. Tax Foundation takes a deep look into the various state approaches to the industry including a survey of tax rates. A look at the study finds that states located in the northeast tend to favor higher tax rates for the industry while those in the West, Midwest, and South...
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ESPN Bet now live in New York
Penn Entertainment launched ESPN Bet in its biggest market yet Friday (27 September) when it went live in New York state. The platform is now available in 19 US jurisdictions. The platform, a partnership between the casino company and ESPN, went live in 17 US jurisdictions in November 2023. Prior to Friday’s New York launch,...
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ESPN Bet aiming to launch within days after getting NYSGC licence approval
The New York State Gaming Commission (NYSGC) Monday (23 September) voted to transfer the Wynn Resorts digital sports betting licence to Penn Entertainment. This means that ESPN Bet could be live in the state by the weekend. Penn Entertainment and ESPN have been waiting for the vote and the go-ahead to launch. Executives from both...
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Tax Foundation research bears out diverse US wagering tax rates, barriers to entry
The Tax Foundation Tuesday (17 September) released an interactive map that shows tax rates for every legal US online sports betting jurisdiction. The map reveals the diverse tax structures that exist across the country. Operators must deal with separate sets of laws, regulations and tax structures in each jurisdiction in which they are licenced. The...
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Caroline Garcia blames ‘unhealthy betting’ for online abuse after US Open exit
Tennis fans welcome back US Open Day one of the U.S. Open kicked off with an “electric crowd” of loyal fans. NEW YORK — Caroline Garcia said she received online abuse after her first-round loss at the U.S. Open and the French player on Wednesday blamed “unhealthy betting” as one of the main reasons players are targeted on social media. Garcia, a semifinalist at...
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Travers Stakes favorites 2024: post time, odds, lineup
Churchill Downs announces Grandstand Club and Pavilion renovation plan Churchill Downs announced a new $90 million project to be completed ahead of the 2025 Kentucky Derby. Here’s what to expect. The 155th running of the Travers Stakes goes off on Saturday from Saratoga Race Course in New York. The 2024 Travers Stakes, a sort of...
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Hard Rock Bet and Post Malone are Ready to Roll in New Campaign | LBBOnline
Sports and casino apps have taken the USA by storm with 30 states having legalised betting apps. But in a sea of sameness, Hard Rock Bet is on a mission to rock the betting world, for both sportsbook + casino. With a wide range of sports betting and online casino options already available – the...
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Ex-NBA player Jontay Porter pleads guilty to conspiracy to commit wire fraud; could get 4+ years in prison
Former Toronto Raptor Jontay Porter Wednesday (10 July) turned himself in to federal authorities and pled guilty to a conspiracy to commit wire fraud in a sports betting scandal that involves four others. Porter entered his plea at the US District Court for the Eastern District of New York. Federal prosecutors recommended 41-51 months in...
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Exploring the Success
Make It Rain 💸 The betting news reports that New York has achieved an outstanding milestone and is killing it in the sports betting game! The NY sports betting scene just became the first state to rake in over $4 billion in wagers since sports betting became legal. That’s a huge win, and it shows...
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Google Ads and Online Betting
Google Ads: A Bright Future 🤩 Big betting news Google Ads is changing its rules. Starting July 15th, 2024, daily fantasy sports (DFS) and lottery courier services in some US states can be advertised on Google. This is a big win for the gambling industry, showing how betting is becoming increasingly mainstream. Uncover Exclusive Picks...