The Sports Betting Alliance is not in favor of the potential sports betting tax hike in Illinois

Major sportsbook operators in the US like BetMGM, DraftKings, Fanatics, and FanDuel have formed the Sports Betting Alliance (SBA). They are encouraging consumers to help fight against a potential tax hike for Illinois. Governor JB Pritzker suggests that the state raise its sports betting tax rate from 15% to 35%. A massive increase.  Legal Sports […]

Zach Wolpin  •  08 May 2024
Will a bill to legalize sports betting in Missouri get enough support to make it to the November ballot?

Currently, Missouri is one of 12 states that still doesn’t have sports betting legalized. However, lawmakers have been working diligently to make a change. The Winning For Missouri Education campaign needed to have 170,000 valid signatures turned in by May 5. In total, they got over 340,000 signatures that were delivered by mascots to the […]

Zach Wolpin  •  08 May 2024
There are currently only three downstate casino licenses available in New York with several companies vying

In New York, 16 casinos are being run by Indian Tribes. Additionally, several state-licensed commercial casinos are available to residents. The Empire State might be in the market to expand its casino operations. New York currently has three downstate casino licenses available. However, several companies are vying for one of the three licenses to build […]

Zach Wolpin  •  08 May 2024
In the first month since college prop bets were banned in Ohio, their sports betting revenue dropped 3.8%

In early 2023, sports betting became legal in Ohio. During March of 2023, the state’s sports betting handle was $95.3 million. This past March, that number dropped 33.1% percent to $63.8 million in 2024. March was the first month that Ohio had banned betting on collegiate player props in Ohio. That subsequently affected their sports […]

Zach Wolpin  •  08 May 2024
Cost of ‘official’ team and league partnerships for Sportsbooks is slowly decreasing

Since the expansion of sports betting was made possible by the Supreme Court in 2018, sportsbooks have made “official” partnerships with leagues and teams in Canada and the US. These partnerships offer a special type of legitimacy that not every sportsbook can provide. However, these partnerships come at a cost. A high one to be […]

Zach Wolpin  •  08 May 2024
Are Commissioner Adam Silver and the NBA looking into limiting player prop bets?

During the 2022-24 regular season, the NBA had a betting scandal going on in the league. It involved a player from the Toronto Raptors. That was the two-way center, Jontay Porter. The 24-year-old violated the league’s betting policy and received a lifetime ban from the NBA. It was a challenging decision for NBA Commissioner Adam […]

Zach Wolpin  •  08 May 2024
Draftkings’ online lottery app Jackpocket announced a record number of users when the Powerball hit $1.3 billion

As one of the leading companies in the gaming industry, it was easy for DraftKings to buy their way into the lottery gaming business. A few months ago, they acquired the #1 lottery app in the United States, Jackpocket. They are the first licensed third-party lottery courier in the US. Jackpocket is an easy way […]

Zach Wolpin  •  08 May 2024
Will the Alabama Senate vote for the expansion of gaming in their state?

Alabama legislators have been working to expand gaming in the Cotton State. However, there have been some roadblocks along the way. House Bills 151 and 152 will introduce a gaming referendum in the state along with a regulatory framework to govern gaming expansion. Both Bills passed in the House but have since faced hurdles trying […]

Zach Wolpin  •  08 May 2024
The American Gaming Association says 94% of all gaming CEOs view the current business environment as ‘satisfactory’

The American Gaming Association (AGA) was founded in 1994. Their mission is to promote, educate, and lobby on behalf of the gaming industry through education and advocacy. In a recent survey by the AGA, 94% of Gaming CEOs reported they were “happy” with the current business environment. Those numbers align with data the AGA saw […]

Zach Wolpin  •  08 May 2024