Articles by Michael Savio
By: Michael Savio
New York Sets Record with Massive $2.3 Billion October Handle
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.
11/08/2024
Sports Betting By: Michael Savio
Minnesota Making Progress Towards Legalizing Sports Betting
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.
11/08/2024
Sports Betting By: Michael Savio
Colorado Amendment to Eliminate Cap on Sports Betting Tax Passes
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.
11/07/2024
Sports Betting By: Michael Savio
Sports Betting Becomes Legal in Missouri After Amendment 2 Passes
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.
11/06/2024
Sports Betting By: Michael Savio
Penn Entertainment to Allow ESPN Users to Link Sportsbook Accounts
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.
11/04/2024
Sports Betting By: Michael Savio
Illinois Makes Changes to NFL Bet Catalog After League Request
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.
11/01/2024
Sports Betting By: Michael Savio
Endorsements for Missouri Sports Betting Amendment Continue to Roll In
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.
11/01/2024
Sports Betting By: Michael Savio
Colorado Asks For Dismissal of Tribal Lawsuit Over Sports Betting
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.
11/01/2024
Sports Betting By: Michael Savio
Arizona’s August Sports Betting Handle Approaches $500 Million
The Arizona Department of Gaming has reported a handle of over $496 million in August, generating over $2.2 million in tax revenue for the state’s General Fund. This number represents an increase of 38.4% annually and a 21% increase compared to July.
10/31/2024
Sports Betting By: Michael Savio
Missouri Sports Betting Gains Adversary in St. Louis-Based Committee
The St. Louis Democratic Central Committee has opposed Amendment 2, which would legalize sports betting in Missouri if passed. The group cited concerns over operators' ability to deduct gambling revenue as the primary reason to oppose the current proposal.
10/30/2024
Sports Betting