Two US lawmakers are calling for the repeal of the federal sports betting excise act. Earlier this week Representatives Dina Titus (D-Nevada) and Guy Reschenthaler (R-Pennsylvania) introduced a bill that would repeal the 0.25 percent the Federal Government has been collecting on sports betting handles for almost 75 years. The sports betting excise tax has…
DraftKings' CEO Jason Robins peered into his company's future during a recent Q4 earnings call and had lots to say about what America's biggest sports betting operator will be doing down the line. It's a future that includes plenty of live betting, potentially some lottery, and some very ambitious earnings goals. Digital lotteries have been…
Since the Supreme Court's decision to allow individual states to determine whether or not they want regulated sports betting in their states, gaming expansion has had a pretty smooth ride in the United States. That smooth ride does, however, occasionally hit a snag. That's the case in Indiana, a state that will not be offering…
The State of Texas moved one step closer to regulated sports betting this week when Representative Sam Harless filed House Joint Resolution 134. If passed, this measure would put a resolution on regulated sports betting on the November ballot and let the people of Texas decide whether or not they want sports betting to be…
Deep in the heart of Iowa farm country is a Corn field like no other cornfield in America. This particular corn field, dubbed America's Busiest Cornfield by Betting Hero, an activation and research leader in the global sports betting and iGaming industries, is where crowds of sports bettors from Nebraska gather to place bets by…
The battle against unlicensed sports betting operators in regulated markets heated up late last week when Illinois Attorney General Kwame Raoul issued a warning that specifically mentioned PrizePicks and Bovada. These two operators, one a sports books, the other a DFS site, serve Illinois customers without having acquired an Illinois gaming license and that's not…
Is the event contract market getting ready to hit mainstream America? That may well be the case in the wake of a recent announcement of a deal between Robinhood, the online brokerage firm, and Kalshi, a major player in the events contract market, to partner on trades surrounding the outcome of Super Bowl LIX. It's…
Federal investigators are looking into allegations of unusual betting patterns surrounding the play of Terry Rozier in 2023. Rozier, who is currently playing for the Miami Heat, was playing with the Charlotte Hornets at the time the games under investigation were played. News of the investigation was first reported earlier this week by the Wall…
ESPN and the PGA are teaming up to bring live betting to a whole new level on the world's biggest sports media channel. Earlier this week PENN Entertainment, the operator of ESPN Bet, announced a new partnership with the PGA that will have ESPN+ hosting a live betting stream of the PGA TOUR LIVE. The…
Are online advertisements for sportsbooks and casinos heading for the dustbin of history? They will surely be a thing of the past if a New Jersey lawmaker has his way. Late last week New Jersey Assemblyman Brian Bergen introduced Assembly Bill A5207, which would ban all forms of online advertising for sportsbooks, online casinos and…
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