by Michael Molter | Feb 21, 2025 11:03 am | Revenue
DraftKings reported a $200 million net loss in Q4 2024 despite a 13% revenue increase year-over-year, highlighting ongoing profitability challenges. The company secured a $500 million loan to fuel expansion, with a strong focus on iGaming as a potential path to future...
by Michael Molter | Feb 20, 2025 2:45 pm | Legal
After an $83 million lottery jackpot was won, Lieutenant Governor Dan Patrick started an investigation into the Texas Lottery. The focus on ending mobile Lottery purchases in Texas could sway Patrick’s attention from Texas sports betting. AUSTIN, Texas – A recent...
by Michael Molter | Feb 19, 2025 11:03 am | Legal
Federal lawmakers have reintroduced the Discriminatory Gaming Tax Repeal Act of 2025, which focuse on taxing sportsbook operators. Representatives Dina Titus and Guy Reschenthaler believe the money owed by sportsbooks is giving offshore betting sites the edge. They...
by Michael Molter | Feb 18, 2025 11:43 am | Legal
Wyoming sports betting bill HB 299 was approved in the House over a week ago. Sitting in the Senate awaiting introduction, if passed, the number of Wyoming sportsbooks online would increase. CHEYENNE, Wyo. – Wyoming’s HB 299, which aims to authorize tribal...
by Michael Molter | Feb 17, 2025 2:43 pm | Legal
Iowa legislators are taking a closer look at sports betting regulations, with one bill introduced that could impact how winnings are taxed. Another measure puts unwritten rules into effect but still could affect bettors in a negative by accident. DES MOINES, Iowa – On...