by Michael Molter | Jan 3, 2024 12:05 pm | Revenue
With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves the...
by Zachary Kelley | Dec 18, 2023 2:08 pm | Revenue
Massachusetts set a monthly sports betting handle record with $654.4 million wagered in November. November’s handle marked a 14.4% increase from October, which previously held the record for the highest monthly handle. DraftKings received more than half of the...
by Zachary Kelley | Dec 12, 2023 12:58 pm | Legal
DraftKings faces a class action lawsuit from Massachusetts citizens who opened accounts with DraftKings in response to the $1,000 bonus sign-up promotion. The Public Health Advocacy Institute alleges that the $1,000 bonus is “unfair and deceptive” for new customers....
by Zachary Kelley | Dec 1, 2023 12:00 pm | Regulatory
DraftKings gets off the hook for more than $575,000 in winning bets to Massachusetts players who took advantage of an error. The Massachusetts Gaming Commission voted 3-2 in favor of DraftKings providing a cash or bonus bet compensation for customers who wagered on...
by Zachary Kelley | Nov 27, 2023 10:46 pm | Revenue
Americans bet $79.76 billion on sports since January of 2023. Based on current pace and upcoming sporting events, the market expects to continue its growth and surpass the $100 billion mark before the year ends. The emergence of new online sportsbooks and more states...