DraftKings Prefer to be 2nd in Market Share than 3rd

DraftKings ranks second in online sportsbook market share at 27 percent. While trailing the leader, FanDuel by a wide margin, most sportsbooks are in single digits looking up. But...

Published April 3, 2023

Senator Calls for Transparency With College-Bookie Deals

In response to the rising number of partnerships being formed between American universities and bookmakers, Senator Richard Blumenthal (l.) recently sent a request for additional information to over 60...

Published April 3, 2023

Massachusetts Commission Creates Sports Betting Self-Exclusion

Casino self-exclusion lists are well established and well known in jurisdictions around the country. Massachusetts produced a sports betting self-exclusion list, which works the same way.

Published March 27, 2023

Schools Provision Staying in North Dakota Sports Betting Legislation

The North Dakota Senate voted against the removal of schools from a sports betting resolution that would give voters the opportunity to approve wagering.

Published March 27, 2023

New Jersey, Louisiana Grew Sports Betting Revenues in February

February was a slow month for sports betting in spite of the Super Bowl. That was the only big game. So New Jersey and Louisiana saw a decline in...

Published March 27, 2023

Nevada, Pennsylvania Lawmakers Seek End to Excise Tax

It’s called a handle tax, a mere 0.25 percent excise tax paid on bets. Rep. Dina Titus (l.) and Rep. Guy Reschenthaler have worked for years to eliminate it....

Published March 27, 2023

Top Sportsbooks Control Growing Share of the Market

It’s crowded at the top. Five sportsbooks control more than 92 percent of the market share in the U.S. The top two—FanDuel and DraftKings—are ahead of the next three:...

Published March 27, 2023

Regulators to Limit Sports Betting Promotions

As states legalized sports betting one after another, promotions followed, just as night follows day. Sportsbooks and regulators only had to look at the U.K. to see the future...

Published March 27, 2023

Rick Perry Optimistic About Texas Sports Betting Bill

Rick Perry (l.), the former Texas Governor, exudes confidence that the legislature will do its part in pushing sports betting towards the law. The pathway through a constitutional amendment...

Published March 20, 2023

Virginia Considers Return to Partial Deductions for Promos

Deducting the cost of free-bet promotions from sports betting taxes has proven controversial in the five years since the widespread approval of betting. Virginia went from “yes” to deductions...

Published March 20, 2023

Lawmakers Warming up to Sports Betting in North Carolina

North Carolina has had a contentious relationship with sports betting, rejecting legislation numerous times, but this could be the year a bill gets on Governor Roy Cooper’s desk.

Published March 20, 2023

Maryland Lawmaker Pushes for Audits for Sportsbooks

State Senator Craig Zucker (l.) has an issue with regulations approved by the Maryland Lottery and Gaming Control Agency. They don’t go far enough. So he wants the legislature...

Published March 20, 2023

Kansas Sees February Sports Betting Revenues Nosedive

The Kansas City Chiefs play in Kansas City. In Missouri, Not in Kansas. Does that adequately explain why February saw Dorothy’s state bring in less than $1,200 in revenue...

Published March 20, 2023

Long Road Ahead for Minnesota Sports Betting

Legislators are hopeful that after years of failed attempts to legalize sports betting, they can get a bill passed, but there are still obstacles to get around.

Published March 20, 2023

Kentucky House Says Yes to Sports Betting; Will the Senate?

When it comes to sports betting, the Kentucky Senate is where legislation goes to die. Supporters hope this year proves a different outcome. Could the potential windfall in taxes...

Published March 20, 2023

Maine Sports Betting Pushed Back Until Possibly 2024

It doesn’t appear Maine will have sports betting up and running by the end of the year after an official at the state’s Gambling Control Unit said they were...

Published March 20, 2023

New York Suit Attacks Caesars for Risk-Free Promise

Caesars promised Lachae Vickers and dozens of other bettors a risk-free bet if you lost. That promise will now be judged in a courtroom as Vickers wanted the cash...

Published March 13, 2023

March Madness Set to be a Big Month for Sports Betting

The NCAA tournament is underway once again, and March Madness will be one of the biggest events for the sports betting industry during the year. Sixty-eight million Americans plan...

Published March 13, 2023

Calvin Ridley Reinstated by NFL After 1-Year Betting Suspension

Jacksonville Jaguars wide receiver Calvin Ridley (l.) was reinstated by the NFL after serving one year for betting on football in 2021.

Published March 13, 2023

MGM, Fanatics Could Trigger Sportsbook Buying Spree

The sports betting industry saw a downturn marked by lack of profits and pressure to tone down promotions in recent months. At least one analyst thinks the answer may...

Published March 13, 2023