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 | Jul 19, 2024 12:26 pm | Sports Betting
DraftKings and FanDuel sportsbook hold nearly 75% of the market share for US sports betting. While MGM and Caesars make up another ~15%, the remaining 10% is split between way too many operators. PHOENIX – Recent withdrawals from the legal sports betting market from...
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 3, 2024 12:03 pm | Sports Betting
Floridians can get the Florida Panthers Stanley Cup Finals odds at -137 with Bovada, rather than the -145 odds offered by Hard Rock Bet. Stanley Cup series props list the Panthers win in seven games as the most likely series correct score with +400 odds. NBA Finals...
