The AGA projects that around $1.39 billion will be wagered on Super Bowl LIX, an increase from $23 billion last year. The group believes that new sports betting states and an improved market in D.C. will result in a record number of bets.
ESPN has announced a new campaign to promote responsible gaming in the US. The campaign features two creative segments that discuss what responsible gaming means. It is part of a more significant effort to combat the rise in problem gambling.
Ohio Governor Mike DeWine announced he will again push to double the tax rate on sports betting operators after successfully doubling it in 2023. He cites aggressive sportsbook tactics that lead to more significant losses for Ohio bettors as the driving reason for the change.
House Bill 1302 passed the House Gaming Committee this week. The bill, which has been nicknamed the Mississippi Mobile Sports Wagering Act, would allow online sportsbooks to operate in the state. Most of the tax revenue generated would help fund road and bridge repair.
A New Hampshire committee rejected a bill raising the legal age for sports betting from 18 to 21, largely because of the impact on tax revenue. Opponents also argued that 18-year-olds should have the right to choose how to spend their money.
A report from the Wall Street Journal shows DOJ prosecutors are opening an investigation into a suspicious betting pattern involving Heat guard Terry Rozier. The investigation centers on a game in March 2023 where he exited with a suspicious injury.
A deal with Plannatech has allowed BetCris to launch its online sportsbook in Arizona after exiting the US market in 2007. The company hopes its brand name will still carry weight, allowing it to compete in the intensely competitive market.
The Commodity Futures Trading Commission (CFTC) has a new chair, Caroline Pham, who has spoken in favor of prediction markets for both sports and politics. Her appointment could end CFTC's efforts to crack down on the markets.
North Dakota’s House of Representatives rejected a resolution to put sports betting on the ballot in 2026, ending hope for legalization in the next two years. Concerts over problem gambling and its impact on college athletics were why lawmakers chose to reject the measure.
A regulator has flagged a January game involving the Eastern Michigan men’s basketball team for suspicious betting. This is the second EMU game to be flagged since December 2, when a game against Wright State saw suspicious wagers placed.
Senator John Keenan introduced SD 1657 to help curb the rise in problem gambling by increasing regulations for sports betting operators. The bill would eliminate prop and live betting, place limits on all players, restrict advertising for sportsbooks, and raise the tax rate to 51%.
Four bills have been introduced in Connecticut to update the state’s sports betting laws. The changes would address sportsbook holds, require two-way betting markets, allow personalized betting catalogs, and establish a process for handling operator errors.
Comcast has announced it will now offer odds from FanDuel on its Xfinity X1 streaming platform nine months after launching its Odds Zone platform with DraftKings. Odds will be available for the NCAA (basketball and football), MLB, NBA, NFL, NHL, PGA, and WNBA.
The Spanish police detained Sevilla star Kiki Salas on Monday as part of an investigation into spot-fixing after identifying irregular betting patterns. The investigation is focused on 30 bets placed by his associates over his yellow card total last season.
Entertain and MGM Resorts, which own the online sportsbooks, have announced they are sticking to their original $250 million EBITDA loss projections for 2024. The move comes just days after FanDuel sent a profit warning to investors.
The District has sued Inralot for $6.5 million for lying when they were awarded the sole sports betting operating license due to making false promises. The suit accuses Intralot and a subcontractor of making an illegal deal to cut out local businesses.
TwinSpires' parent company, Churchill Downs, has filed a new lawsuit against the MGCB this week to keep its ADW horse racing platform open in Michigan. The move comes after TwinSpires refused to comply with a shutdown order from the operator.
Michigan’s top regulator has ordered TwinSpires to immediately cease advance deposit wagering operations in the state after ignoring their previous request. The operator's refusal to comply has led to a hearing where more penalties and fines could be assessed.
Nebraska State Senator Tom Brandt has introduced Legislative Bill 63 to the state legislature this week, which would legalize betting on in-state college teams. The extra tax revenue generated from those wagers would be used to lower property taxes for residents.
Several California tribes have joined together to file lawsuits against gambling operators, accusing them of offering games only allowed at tribal casinos. The lawsuits show that trust with the tribes remains broken, dampening hopes for legal sports betting over the next few years.
Minnesota Senator John Marty held a Wednesday hearing about the dangers of sports betting as the legislature's considerations a bill to legalize the industry. The group faced some pushback from Senator Nick Frentz, one of the industry’s top supporters.
FanDuel Sportsbook’s parent company, Flutter, has lowered its revenue projections for the NFL season as betting favorites won at the highest rate in two decades. Fortunately, the operator's international success has helped to offset the disappointing betting season.
DraftKings has launched DraftKings+ in New York, a subscription service that allows users to receive stepped-up parlays with boosted odds for bigger payouts. Users will be charged $20 per month for the service, which is only offered by DraftKings.
Minnesota State Senator John Marty has scheduled a hearing for January 8 to discuss the economic, health, and social dangers of legal sports betting. The effort to legalize the industry is expected to be the strongest the state has seen since PASPA was overturned.
Oklahoma lawmakers have introduced the first sports betting bill of the 2025 legislation session, but relations with the state’s tribes remain a hurdle. If passed, the bill would allow the tribes and legislature to build a framework for the market.
The Ohio Casino Control Commission reported a November sports betting handle of $1.03 billion, surpassing $1 billion for the first time since January 2023. The impressive month generated over $23 million in tax revenue, the second-highest amount in the market’s history.
Cryptocurrency giant Crypto.com has launched a new Super Bowl prediction market across all 50 states, inspired by the success of its election prediction market. Users can buy “contracts” for a team to win or lose the Super Bowl.
A pair of Democratic representatives have introduced a House bill that would ban sportsbooks from offering odds on elections. The goal is to protect the integrity of US elections and avoid the betting scandals seen across pro and college sports.
The Illinois Gaming Board has approved an application from bet365 Sportsbook to launch its online platform in the state, making it the market's tenth platform. The approval continues bet365's impressive growth, as it is now available in 12 markets.
The Pennsylvania Gaming Control Board reported an all-time high sports betting handle of $935.5 million, crushing the previous record set last November. NFL betting drove the impressive numbers, which led to a revenue jump of almost 500% for operators.
The New York State Gaming Commission has reported a record-high monthly handle of $2.26 billion for November, resulting in $118 million in tax revenue. The state’s 51% tax revenue remains the highest in the county, leading to massive revenue for the Empire State.
The Iowa Gaming and Racing Commission reported the sports betting market saw a record $315.2 million in wagers and $2 million in tax revenue in November. The handle was 6% higher than the month before and 9% higher than November 2023.
FanDuel emailed customers this week to request that they contact their local lawmakers and oppose a bill raising the tax rate on sports betting operators. While the proposed hike is minimal, the operator believes it is meant as a conversation starter for lawmakers.
