by Giovanni Shorter | May 27, 2022 1:46 pm | Regulatory
Colorado lawmakers pass HB 22-1402 in both the Senate and the House and the bill now awaits Gov. Jared Polis’ signature. A big section of the bill would reduce the tax deductions given to sportsbooks for promotional free bets given throughout the year. Free bets are...
by Giovanni Shorter | May 26, 2022 10:39 am | Revenue
Since its launch in January 2022, NY has seen over $400 million in mobile betting revenue with the state seeing over $200 million in taxes. ALBANY, N.Y. – Morgan Stanley has recently given its projections on the New York sports betting market, predicting revenue...
by Giovanni Shorter | May 17, 2022 10:33 am | Revenue
New Jersey’s streak of $1 billion betting handle months comes to an end in April 2022 as sportsbooks raked in $926.9 million. The betting handle is actually up 23.9% compared to April 2021 but revenue is slightly down 8.2% year over year, however. TRENTON, N.J. – New...
by Ben Fiore | May 11, 2022 11:34 am | Sports Betting
As of now, there are two sports betting bills that have received enough signatures to be on the 2022 November Ballot in California. The sports betting bill, backed by commercial sportsbooks, would give 85% of taxes towards mental health & homelessness programs....
by Brett Crown | May 9, 2022 12:20 pm | Sports Betting
Iowa generated a $177 million betting handle in April. The Racing and Gaming Commission report shows that some big-name sportsbooks led the way. DES MOINES, Iowa – The Iowa Racing and Gaming Commission released their April 2022 sports wagering revenue report....
