by Christina Monroe | Aug 14, 2020 11:49 am | Regulatory
The IRS is looking to place an excise tax of 0.25% on the Daily Fantasy Sports (DFS) industry which could equate to millions of dollars paid to them each year in taxes. DFS has never been considered a form of gambling which is where an excise tax is enforced but the...
by Christina Monroe | Aug 13, 2020 11:42 am | Sports Betting
The PGA and the sport of golf are no longer available at sportsbooks in Illinois. An integrity issue is what has caused the game to be unavailable for wagers but sportsbooks in Illinois have requested the Illinois Gaming Board (IGB) consider bringing golf back to...
by Christina Monroe | Aug 12, 2020 11:03 am | Sports Betting
New Hampshire now has its first official land-based sportsbook with the DraftKings Sportsbook at The Brook opening to the public. A proper ribbon-cutting ceremony will take place for the sports betting venue sometime in September. Since December 2019, mobile sports...
by Christina Monroe | Aug 11, 2020 11:21 am | Revenue
MGM stock has become worth more since a $1 billion investment by InterActiveCorp was announced on Monday, surpassing the $21 a share mark for the company. Since the outbreak of COVID-19, MGM Resorts stock has taken a hit due to a lack of profits resulting from the...
by Christina Monroe | Aug 10, 2020 12:51 pm | Regulatory
Nashua, New Hampshire is now home to a DraftKings office where the sports betting company will have a headquarters in the state. The city voted against allowing a sportsbook operation in their town but lawmakers would like to put it to a vote again with the earliest...
