Articles by Michael Savio
By: Michael Savio
Colorado Sportsbooks Staying Silent Over Upcoming Tax Proposal
Colorado residents will vote on Proposition JJ in November’s election, which would eliminate the state’s $29 million cap on sports betting tax revenue. Sportsbooks have decided to stay out of the debate, seeing the change as an alternative to a significant tax hike.
10/23/2024
Sports Betting By: Michael Savio
Texas Sports Betting Proponents Gain Key Ally for 2025 Push
In a recent interview, Dallas Cowboy’s co-owner Charlotte Jones shared that she will be making a hard push to help legalize sports betting in Texas in 2025. While no details have been shared, her wealth and influence give industry proponents a critical ally.
10/18/2024
Sports Betting By: Michael Savio
Sporttrade Continues to Expand After Arizona Sportsbook Goes Live
Sporttrade has officially launched its sportsbook platform in Arizona. The operator gained access to the market after partnering with the Quechan Tribe, allowing it to launch the platform. The launch gives Arizona a total of 13 sportsbooks, with more likely on the way.
10/18/2024
Sports Betting By: Michael Savio
Tribal Leaders in California Put Their Sites on Sweepstakes and DFS Platforms
The Indian Gaming Association has said it is beginning a push to reign in the unregulated sweepstakes and DFS industries. The group has complained about the lack of action from the state and federal action and is now taking matters into its own hands.
10/17/2024
Sports Betting By: Michael Savio
NBA Tightens Restrictions on Cell Phone Usage Amid Integrity Concerns
The NBA has updated a 2009 policy that will now ban cell phone use for coaches and players during games, lasting from tip-off until the final whistle. The hope is that this will prevent future betting scandals and protect the league's integrity.
10/17/2024
Sports Betting By: Michael Savio
Hard Rock Bet Reaches Deal to Expand Sports Betting Markets
Hard Rock Bet has reached a new agreement with Kambi to use their library of odds, allowing the sportsbook to expand its betting catalog across the US. The deal is the first of its kind, giving Hard Rock an edge over its competitors.
10/17/2024
Sports Betting By: Michael Savio
Maryland Brings in Record High Tax Revenue From Sports Betting
The Maryland Lottery and Gaming Control Agency has reported a handle of over $532 million for September. That set a new record for the state and led to the tax revenue being almost three times as much compared to September 2023.
10/11/2024
Sports Betting By: Michael Savio
US Sports Betting Handle Surpasses $400 Billion After Strong September
September revenue numbers show that the US has now seen over $400 billion in sports betting wagers since PASPA was overturned by the US Supreme Court in 2018. New Jersey has the highest handle, though New York has quickly closed the gap.
10/11/2024
Sports Betting By: Michael Savio
Hard Rock Considering Allowing Industry Rivals into Florida Market
Hard Rock has confirmed that it has begun talks with FanDuel and DraftKings about entering the Florida market, over which the operator currently has sole control. A partnership would involve the industry leaders paying Hard Rock a monthly percentage.
10/10/2024
Sports Betting By: Michael Savio
Maine Sets Record With Impressive September Handle
Maine is reporting a sports betting handle of $51 million for September. This impressive result is a 45% increase from August, thanks largely to the start of the football season. DraftKings led the way, accounting for $46 million of the handle.
10/10/2024
Sports Betting