by Jerad Paparella | Jan 19, 2022 10:25 am | Legal
In December, New Jersey saw their fourth consecutive month with over $1 billion in sports betting handle, becoming the first state to surpass $10 billion in yearly handle. New Jersey’s run as the top sports betting market may be coming to an end shortly after New...
by Jerad Paparella | Jan 12, 2022 3:06 pm | Legal
After months of anticipation, New York finally successfully launched the first batch of their state-regulated mobile sportsbooks on Saturday. New York recorded nearly as many sports betting transactions in the first 12 hours after launch as Pennsylvania, New Jersey,...
by Jerad Paparella | Dec 28, 2021 12:24 pm | Legal
Massachusetts Treasurer Deborah Goldberg says that protecting the state lottery is a top priority for her in Massachusetts’ upcoming sports betting bill. One avenue Massachusetts’ legislators are considering to protect the state lottery with the introduction of sports...
by Evan Thornton | Dec 21, 2021 12:35 pm | Revenue
Only five states have handled more than $5 billion in total sports wagers so far. Colorado is most likely to be the sixth state to have handled a total of more than $5 billion Michigan residents bet almost $1 billion in only two months near the end of 2021. LAS VEGAS...
by Jerad Paparella | Dec 16, 2021 12:33 pm | Legal
Michigan Senate Bill 764, which creates a state tax deduction for sports betting losses, passed the Michigan House of Representatives on Tuesday. The bill would allow taxpayers to deduct any gambling losses reported on their federal tax return – it currently...
