Sports Betting News

The IRS has sent out a press release warning bettors against using unregulated sportsbooks when wagering on the upcoming NFL season. They estimate that the illegal sports betting market in the US to be worth northwards of $700 million.

The New Jersey Division of Gaming Enforcement has levied a $33,000 fine against bet365 for offering unapproved betting options on its sportsbook. The wager in question revolved around events that were on tap delay, making them illegal under New Jersey law.

The AGA estimates that the NFL season will see around $35 billion in wagers, a 30% increase from last year. More states starting the season with legal sports betting, an expanded D.C. market, and Bovada's downfall are expected to lead to more wagers this season.

A Missouri Court will review a lawsuit on Thursday that challenges a recent initiative to put sports betting on the November ballot. The challenge argues that old maps were used when the state reviewed the initiative's signatures, which should have led to its failure.

A study from the University of Bristol showed that most US sportsbooks’ social media posts do not include verbiage about responsible gaming. The AGA confirmed the study was likely correct but also clarified that sportsbooks are not required to include it in non-sponsored posts.

Hard Rock Bet has launched its online sportsbook in Illinois, the eighth market it is now live in. The brand also opened a new retail sportsbook in Rockford, giving it a significant presence in the state soon after becoming the sole operator in Florida.

The NFLPA has filed a lawsuit against DraftKings, believed to be worth about $65 million, for breach of contract related to its failed NFT marketplace. The NFLPA claims the company plans to end its rights deal and cease all future payments.

DraftKings and the Lac du Flambeau Band of Lake Superiors Chippewa Indians have agreed to a deal that will allow for a new retail sportsbook in Wisconsin. The new sportsbook will open at a casino up north, making them the first outside operator to do so.

A Massachusetts court has rejected DraftKings Sportsbook's motion to dismiss a lawsuit over its deposit match welcome bonus. That means the Public Health Advocacy Institute lawsuit will proceed, which accuses DraftKings of deceptive advertising about the offer.

A new lawsuit has been filed challenging a recent sports betting initiative to get legalization on the ballot in November. Though the group behind the initiative gathered enough signatures, the lawsuit alleges that confirming those signatures was done incorrectly.