Sports Betting
Covering the latest stories in and around the sports betting landscape, including everything from the latest lines to fun Super Bowl props.
Recently, the Virginia Lottery reported $45.5 million in gross sports betting revenue in June. That was the third consecutive month that operators had a double-digit hold. Additionally, their win rate narrowly missed 11% for the third time this year. Operator winnings surged 39.3% compared to their numbers in 2023. Virginia became the 10th state to […]
Sports Betting Exchange (SBX) is set to launch in Colorado after struggling to gain traction in sports betting exchanges in the two states where wagering is legal. The Chicago-based SBX has been developing its proprietary exchange-wagering technology since 2022. Sports Betting Exchange (SBX) secures Colorado market access through Gilpin Casino According to SportsHandle’s Mike Seely, […]
This past Tuesday, the Missouri Secretary of State’s office received the Missouri sports betting ballot petition signature reports from local election authorities. The Missouri sports betting initiative is working diligently to get a spot on the November ballot. However, it could take up to two weeks until an official decision is made. Their next step […]
On Thursday, industry operator DraftKings announced that they plan to implement a gaming tax surcharge to customer net winnings in four states. That includes Illinois, New York, Pennsylvania, and Vermont. This news broke ahead of DraftKings Q2 which will start on Friday morning. DraftKings expects this surcharge to go into effect on January 1. Sources […]
U.S. Senator Catherine Cortez Masto (D-Nevada) is sponsoring a bipartisan bill that would exempt legal sports betting from decades-old taxes in the Silver State. Tax relief for licensed operators is the main goal. Senator Cindy Hyde-Smith (R-Mississippi) also introduced the measure. U.S. Sens. Catherine Cortez Masto, Cindy Hyde-Smith are proposing the Withdrawing Arduous Gaming Excise […]
In June, the Ohio Casino Control Commission and Ohio Lottery reported $51.3 million in gross sports betting revenue. FanDuel had another big month in Ohio. State operator winnings were up 56.8% compared to June 2023. That outpaced the 46.1% surge they saw in their handle to $530.6 million with the win 9.7% win rate nearly […]
WynnBET, the premier online sportsbook and casino, officially stopped accepting bets in New York on Monday. The operator’s website now lists the Empire State among the 10 jurisdictions in which the platform has “closed operations.” WynnBET gamblers can access their accounts until 11 a.m. on Aug. 29 According to the site, WynnBET patrons can still […]
The 2024 college football season is just weeks away. Hundreds of teams across the country are preparing themselves for what they hope is a winning season. This season, the playoffs are finally expanding. Instead of four teams making the college football playoff, 12 teams will be in the playoffs. Teams who could not find their […]
In New York, operators are looking to add online casinos to their existing sports betting products. A recent poll suggests that many voters are undecided but there is support for iGaming to be legalized. New York State Senator Joe Addabbo conducted a poll in his district this past May. The data showed that 44% of […]
Maine first launched legal sports betting on Nov. 3, 2023, and residents began placing bets via two mobile platforms contracted by the tribes. DraftKings, headquartered in Boston, operates for the Passamaquoddy Tribe. Nevada-based Caesars Entertainment is also partnered with three Wabanaki Nations: the Houlton Band of Maliseet Indians, the Mi’kmaq Nation, and the Penobscot Nation. […]
