We all know that there will be a ridiculously high tax on New York mobile betting. And now, the CEO of DraftKings, Jason Robins, has made an interesting statement on the issue. It is being reported that Robins believes the 51% tax rate will not be a problem for the company. While speaking at the […]
Tag: Sports Betting and Fantasy News
IGT Sues Justice Department Over Wire Act
In an effort to gain some clarity, IGT sues Justice Department over their refusal to commit on the Federal Wire Act. And yes, this feels like a never ending story. Really, this is a good thing for our industry. Since the Department of Justice was shot down by a Federal Judge over their Wire Act […]
Nevada, Tennessee, Pennsylvania Gambling Records
As gambling expansion continues across America, new heights are being reached as Nevada, Tennessee, and Pennsylvania gambling records continue to be set! Nevada has been on an amazing record run of consecutive months with over $1 billion in gaming revenue generated. And with the numbers now official for October, that streak has reached 8 months! […]
US Online Gambling Issues
We got yer gambling news right here! News out of Florida could have a profound effect on US online gambling efforts. A decision from a judge in the Florida sports betting case with the Seminole Tribe has precedent setting potential for the entire country! And it’s all playing out as regulators and Tribal Gaming interests […]
New Revenue Record for Mississippi Sports Betting
It seems that every time we turn around another state is setting gambling revenue records, and this time it’ s Mississippi sports betting that’ s handling the honors. Gamblers in the state dropped over $83 on wagers in the month of October, generating more than $9 million in revenue, which was a new record high. […]
Seminoles Sports Betting Appeal
Just days after a Federal Judge ruled the Seminoles sports betting deal with the state of Florida was “ invalid”, the tribe has announced they will file an appeal. Judge Friedrich has concluded that the deal violates the Indian Gaming Regulatory Act in that it allowed mobile bets to be accepted from anywhere in the […]
Florida Sports Betting Abruptly Stops
After a week of speculation, Florida sports betting has come to a halt following a decision from Federal Judge Friedrich in Washington, DC. Her ruling finds that the state compact with the Seminole Tribe is a violation of federal Indian gaming law. This decision effectively puts an end to sports betting in the state, as […]
Online Gambling in Michigan Soars to New Heights
A perfect storm of October events propelled online gambling in Michigan to nearly $500 million in wagers in a single month, falling just short of becoming the fifth state to reach that milestone. In addition, the state’ s online casinos reached a new high, marking a historic month for the still-fledgling market, according to PlayMichigan, […]
New Jersey Online Casinos & Sports Bets Explode
New Jersey online casinos and retail sports books set another record by handling north of $1.3 billion in wagers this October. Of course, such a volume resulted in record revenue, as well. “Five weekends in October meant an unusual amount of NFL and college football to bet on, and plenty of free time for gamblers […]
US Sports Betting & Online Gambling Updates
J. Todd attends the Global Gaming Expo and speaks with the AGA’ s Senior Vice President for Strategic Communications, Casey Clark, about the US sports betting market. Discussion includes how the pandemic may have actually helped the particular online sports betting industry, and how mobile sports betting may help the spread of online gambling in […]