Sports Betting News

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.

The Kentucky Horse Racing and Gaming Corporation has announced it has approved Prime Sports' application to become the state’s ninth online sports betting operator. The sportsbook doesn’t have a firm launch date but hopes to be live ahead of March Madness.

The Missouri Board of State Canvassers has formally certified the results of Amendment 2 from November’s election, paving the way for legal sports betting. With opponents not planning to request another recount, the state hopes to have its new market launched this summer.

The New York Gaming Commission (NYGC) reported a handle of $592.9 million for the week of Thanksgiving, breaking the previous record of $576.1 million set just weeks ago. The week’s handle was up by more than 14% compared to last year.

Underdog Fantasy has expanded its presence to 35 states after changing its controversial pick ’em games in certain markets. The games previously allowed players to bet against the house, causing regulators to view it as a form of sports betting.

The American Gaming Association has updated its “bet responsibly” campaign to tackle the issue of athlete harassment, which continues to rise across the US. The AGA hopes the campaign will help protect athletes as well as avoid heavy-handed regulations.

The Massachusetts Gaming Commission (MGC) has fined FanDuel $10,000 for accepting $11 in improper wagers involving in-state men’s college basketball teams. It is the latest example of the MGC punishing even the most minor infractions among sports betting operators.

Bovada placed Arizona on its restricted access list after a cease-and-desist letter, making it the seventeenth US market where the operator is banned. The move continues a trend of Bovada pulling out of markets instead of risking legal action.