Illinois Sports Betting Generates Over Half A Billion In Revenue In January & February January Handle: $581,553,300 February Handle: $509,794,592 The Land of Lincoln has been slow to issue its monthly revenue reports when compared to other legal sports betting states, but it is better late than never for Illinois because their handle collections for … Read more
Ohio SB 176 Attempts To Usher In Ohio Sports Betting Current Language Proposes 40 Sportsbook Operators Ohio Sports Betting Tax Rate Set At 10% Ohio Senate Bill 176 was introduced a few hours ago, and includes language that has the potential to completely change the Ohio sports betting landscape going forth. Senator Kirk Schuring is … Read more
Yesterday, the Alabama statehouse passed a major gambling expansion initiative out of committee. Part of the package, which will be voted on soon, includes state-wide legal sports betting. Before the end of the year, it’s estimated that 30-35 states will have legalized domestic sportsbooks to one degree or another. Most will feature online sports betting, … Read more
Bob Baffert’s Medina Spirit wins 2021 Kentucky Derby Jim “Mattress Mack” McIngvale backed the wrong horse Sportsbook specials paint interesting picture for 2021 NFL season If you bet on Kentucky Derby favorite Essential Quality, you lost. But chances are you didn’t lose as much as Jim “Mattress Mack” McIngvale. McIngvale bet $2.4 million on the … Read more
State Legislature Currently Drafting Bill For Legal Ohio Sportsbooks Intent Is To Re-Route Regional & Offshore Revenue Back Into Ohio MGM Resorts International & Other Local Casinos Are On-Board Lawmakers in Ohio are currently drafting legislation that would allow for domestic sportsbooks to begin operating within the state’s borders, following the lead of neighboring territories. … Read more
As 2021 returns to normalcy, sports bettors the world over are getting ready to wager on the 2021 Kentucky Derby. Unlike last year, when the Triple Crown races were held out of order, this year’s 147th Run for the Roses is back in front, and the gate draws – and early betting odds – have … Read more
One of the main reasons the US has been experiencing such a dramatic increase in legal sports betting is due to the revenue potential that the industry holds for state coffers. Actually, let’s be honest: That’s the only reason why so many states have leapt at the post-PASPA opportunity to get these markets off the … Read more
Three of the biggest domestic sportsbook operators in the United States have now signed an agreement with the National Football League to become their official sports betting partners. DraftKings, FanDuel, and Caesar’s Entertainment have inked multi-year deals with the NFL to attain the rights to promote pro football betting lines and also offer officially branded … Read more
Coinbase was finally listed today on the Nasdaq stock market, and crypto prices have been positively surging. Typically, there’s a relationship – usually an inverse relationship – between traditional stocks and crypto holdings, with one market gaining whenever the other market dips. But every so often, gains on one beget gains on the other. That’s … Read more
As of last Monday evening, a legal sports betting bill sits on the desk of Arizona Governor Doug Ducey following its passage of the state House and Senate. Once the Governor signs AZ SB1797 into law, legal sports betting in Arizona will be available domestically via a variety of state-regulated sportsbook options. Instead of cautiously … Read more
It appears that Vermont is now interested in testing the waters for legal sports betting within their borders, as a new piece of legislation has been introduced intended to allow for regulated sportsbooks to begin taking wagers as soon as this summer. VT S0077 intends to launch domestic mobile sports betting apps and “lottery-based sports … Read more
The early legislative season of 2021 has been ripe with newly drafted bills with the specific intent of either establishing legal sports betting within a given state, or expanding the options that are already present. The onset of COVID-19 in 2020 combined with the aftereffects of the 2018 repeal of PASPA by the Supreme Court … Read more