by Michael Molter | Aug 6, 2024 4:28 pm | Legal
DraftKings will implement a surcharge on bettors’ winnings in four states with higher-than-average tax rates on sports betting. Critics argue that the surcharge undermines transparency and that changing odds is better than integrating a surcharge. NEW YORK – Starting...
by Michael Molter | Jun 26, 2024 10:08 am | Legal
Major changes in mobile sports betting are on the horizon as the DC Council opens the market to multiple operators. The new budget slashes tax rates and welcomes competitors like BetMGM and Caesars to expand citywide. An amendment ensures betting kiosks remain in...
by Michael Molter | Jun 25, 2024 11:47 am | Legal
A mysterious plaintiff accuses DraftKings of aiding an extortion plot orchestrated by a notorious sports betting figure, alleging a breach of trust and personal safety. Claims of leaked personal data and a hacked account intensify a lawsuit seeking over $1 million in...
by Zachary Kelley | Jun 17, 2024 1:37 pm | Legal
The U.S. Supreme Court denied a request to hear the Florida online sports betting case, guaranteeing Seminole Tribe control on the industry until 2051. Details of the Florida Gaming Compact allow the Seminole Tribe to legalize iGaming, likely by 2026 through the same...
by Zachary Kelley | May 30, 2024 1:02 pm | Legal
The U.S. Supreme Court will meet on June 13 to discuss the Seminole Tribe’s sports betting monopoly in Florida. Opponents of the Florida Gaming Compact between the Seminole Tribe and state of Florida argue that it violates the Indian Gaming Regulatory Act and state...
by Zachary Kelley | May 28, 2024 10:57 am | Legal
Illinois is only two steps away from implementing a progressive sports betting tax that reaches up to 40%. The Illinois Senate amended House Bill 4951, including a progressive sports betting tax starting at 20% and reaching up to 40% based on operator revenue...
