Articles by Michael Savio

North Carolina reported a sports betting handle of $612 million for October, over $60 million more than in September. The numbers show that the market’s ceiling is still unknown, leading to legislatures considering changes to how gambling winnings are taxed.

A new sports betting bill proposed in the Louisiana House of Representatives would increase operators' tax rate to 51% while eliminating promotional betting. The bill is expected to bring fierce opposition from the state’s sportsbooks, threatening to throw the market into chaos.

The New York State Gaming Commission reported a record-high $2.3 billion sports betting handle for October, breaking the $2.1 million record from November 2023. The numbers were boosted by the Yankees' and Mets' deep playoff runs.

The Running Aces Casino has sent a letter to the Minnesota Indian Gaming Association supporting a deal to legalize sports betting in the Land of 10,000 Lakes. The group had opposed previous bills but appear to be ready to make a deal.

Colorado residents voted in favor of Amendment JJ in Tuesday’s election, eliminating a $29 million cap on sports betting tax revenue that the state can keep. The extra funds will be used to support the state’s water projects.

Missouri voters passed Amendment 2 during Tuesday’s election by a margin of 0.2%, legalizing sports betting. All tax revenue generated from the industry will be used to support the state’s education system and problem gambling funds.

Penn has announced that ESPN Bet users can now link their sportsbook accounts with ESPN accounts. This will give users a customized betting experience when using the sportsbook, making tracking games and finding promos for their favorite teams easier.

The Illinois Gaming Board has eliminated several bets from its NFL catalog after a request from the league in hopes of protecting the integrity of the game. An array of bets have been removed, most of which could be influenced by one person.

The mayors of St. Louis and Kansas City have both shared their support for Amendment 2, which would legalize sports betting in Missouri if approved by voters. Their support comes just days before residents head to the polls on Tuesday.

Colorado has asked a federal court to dismiss a lawsuit filed by the Southern Ute Indian Tribe. The suit claims that the state cut local tribes from the lucrative online sports betting industry. However, the state asserts that it is immune from prosecution and that the case should be dropped.