Tag: US sports betting

Earlier this week New Jersey Governor Phil Murphy signed into law a measure that bans the state’s colleges and universities from entering into sponsorship deals with sports betting operators. It’s the latest move by a state government to draw more distinct boundaries between the worlds of sports betting and college athletics.  Under the terms of…

DraftKings is mad as hell and isn’t going to take it anymore; at least when it comes to the new $.50 per wager tax that’s set to get into effect in Illinois this fall. The sports betting giant is responding to the tax hike with the formation of a Political Action Committee (PAC) with the…

Are online casinos an innocuous pastime or a lurking threat inside the pocket of every, otherwise decent and caring citizen? That’s the debate that’s currently taking place in Ohio where lawmakers are considering offering Buckeye State residents the opportunity to play online slot machines anytime they like via HB 298.  Under the terms of the…

Detroit Pistons guard Malik Beasley is under investigation by federal authorities on charges that relate to gambling. Details are still emerging but sources are reporting that the investigation is centered on allegations related to Beasley's play in a January, 2024 game between the Milwaukee Bucks (Beasley's team at the time) and the Portland Trailblazer, which…

One pretty standard gambling regulation that most people seem to agree on is that college athletes and staff should not be allowed to gamble, neither on their sport or any other. The idea is that a football player who goes underwater with a bookie while wagering on basketball is a player who may be called…

An Ohio congressman is looking to combine an idea that's unpopular with the US public to fund one of the most controversial, and loathed, parts of the US government. Representative Mike Rulli, a Republican, is pushing the idea of using a federal gambling tax to fund Immigration and Customs Enforement (ICE), the masked agents who…

A New Jersey courtroom was hit with a barrage of briefs earlier this week when litigants from across the regulated gaming world lined up to oppose Kalshi and other prediction sites that are operating in the American sports betting market. Over the course of two days, five amicus briefs (friends of the court) were filed…

Life for Illinois' low-stakes sports bettors is getting more difficult by the day. Late last week DraftKings announced that is following its rival FanDuel's lead by adding a $.50 transaction fee to all wagers placed through its online sportsbook in Illinois. The move is in response to an impending $.25 single bet tax being imposed…

FanDuel's Illinois players are going to get a really unpleasant surprise beginning September 1 when Flutter Entertainment institutes a new $.50 transaction fee on every wager placed. The new transaction fee comes in response to a new Illinois law that institutes a $.25 transaction fee on an operator's first 20 million bets taken and a…