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 | Mar 27, 2024 12:48 pm | Regulatory
NCAA President Charlie Baker stated that the NCAA aims to ban college prop betting across the country. Maryland, Ohio, and Vermont have already removed college prop bets from their regulated sportsbooks. The college prop bet bans don’t apply to internationally...
by Michael Molter | Mar 19, 2024 11:52 am | Sports Betting
The exclusion of offshore sportsbooks and state restrictions contribute to a lower 2024 tournament betting estimate compared to 2023. State regulations on college teams and player prop bets limit local sportsbook action. The lack of women’s March Madness tournament...
by Zachary Kelley | Jan 11, 2024 12:19 pm | Legal
Vermont launched online sports betting on Thursday. DraftKings, Fanatics, and FanDuel are the three sports betting operators in the state. Vermont expects to earn up to $7 million in their first full year of operation. MONTPELIER, Vt. – Online sports betting went live...
by Zachary Kelley | Dec 13, 2023 12:12 pm | Legal
DraftKings, Fanatics Sportsbook, and FanDuel will begin offering online sports betting in Vermont on Jan. 11, 2024. ESPN BET and BetMGM also submitted applications but weren’t named as Vermont sports betting operators. Vermont expects to earn more than $7 million in...
