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 Zachary Kelley | Jul 22, 2024 12:05 pm | Political Betting
With Joe Biden officially out of the race, Kamala Harris is the overwhelming favorite (-1200) to be named the Democratic candidate. Harris has +190 odds to win the U.S. Presidential Election, trailing Republican candidate Donald Trump at -215 odds. Josh Shapiro (+200)...
by Zachary Kelley | Mar 8, 2024 1:29 pm | Regulatory
Thursday’s men’s basketball game between the Temple Owls and the UAB Blazers was flagged for unusual wagering activity. UAB opened as 1.5-point favorites before the spread jumped to eight points, which the Blazers easily covered in a 28-point road victory. Reports...
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 20, 2023 12:44 pm | Revenue
Pennsylvania broke their monthly sports betting handle record for a second straight month in November. The Pennsylvania Gaming Control Board reported a record $934.1 million worth of total bets in November. FanDuel was the top online sportsbook by handle ($384.1...
