Industry
March 27, 2023
USA Online Sports Betting Expansion May Be Winding Down
Leading Deutsche Bank senior analyst Carlo Santarelli recently released a report on DraftKings, maintaining a Hold rating. He justified his decision with the unfavorable USA expansion conditions, reflecting on the political climate across the States. Santarelli predicted a slowdown in states adopting new sports betting legislation as compounding negative factors stifle progress. Operators Will Have […]
Legal
March 24, 2023
Debate on Sports Betting Legalization in Texas Continues
A few years have passed since the US Supreme Court deemed PASPA unconstitutional, allowing states to legalize sports betting under their own rules. Since 2018, when PASPA was struck down, many states have legalized and introduced sports wagering, creating a new stream of tax revenue and establishing competitive markets that also protect the consumers. While […]
Legal
March 22, 2023
Oklahoma Betting May Become a Reality as HB 1027 Passes the House Vote
In February, Representative Ken Luttrell filed House Bill 1027, which would legalize tribal sports betting in the state of Oklahoma. The measure continues to gain traction and has now been approved by the House. Earlier this month the sports betting bill passed the Appropriations and Budget Committee vote by a landslide, receiving 27 “yes” votes […]
Legal
March 22, 2023
North Carolina Bill Proposing Betting Expansion Gains Traction
In the years since PASPA was struck down by the US Supreme Court in 2018, different states have gone through the process of legalizing and launching sports betting activities in some form. While many states offer retail, as well as mobile sports wagering, some, such as North Carolina, offer only retail betting options. However, this […]
Legal
March 21, 2023
Tennessee Seeks to Tax Betting Handle Instead of Revenue
After PASPA’s repeal in 2018, Tennessee legalized sports wagering in May 2019. Then, November 1, 2020, marked the launch of the legal online sports betting market in the state. Currently, sports betting operators are subject to a 20% tax on sports betting revenue. Moreover, to operate in the state, licensees are subject to meeting license […]
Legal
March 21, 2023
Connecticut Wants to Ban Gambling Ads Targeting Students
Connecticut was one of the states that legalized sports betting a few years ago. This became possible thanks to the US Supreme Court that struck down PASPA back in 2018. Not much later, in September and October 2021, Connecticut launched retail and online sports betting respectively. Since the introduction of the activity, the state has […]
Legal
March 20, 2023
Another Attempt at Sports Betting Legalization in Georgia
An amendment to a bill in Georgia is bringing the topic of sports betting legalization in the state back to the table and will need no amendment to the state constitution. Unclear Chances of Success The legalization of sports betting was piggybacked on House Bill 237 by the Senate Economic Development and Tourism Committee on […]
Sports
March 20, 2023
DoradoBet to Serve as FedeFut’s Sponsor
DoradoBet, a leading Latin American sportsbook and online casino gaming operator, has signed a sponsorship agreement with the Federación Nacional de Fútbol (FedeFut), Guatemala’s national soccer federation. As a result, the gambling company will commit to supporting the sports federation and its national teams. Under the agreement, DoradoBet will sponsor all national teams. This, according […]
Industry
March 20, 2023
Pretend Stock Trader Loses Investors’ Money to Sports Wagers
Details of a scheme involving fake trading on the stock market emerged late last week and saw two people lose substantial sums. A 30-year-old man from Auckland, New Zealand, admitted he engaged in an elaborate scheme, tricking two of his friends into investing money whereas he actually gambled the money on sports wagers. The man, […]
Industry
March 17, 2023
North Dakota Senate Votes Against Removal of Schools from Sports Betting Resolution
According to KX News, an amendment created by Sen. Larry Luick to remove universities, colleges, and high schools from House Concurrent Resolution 3002 failed by one vote of 24 to 23 earlier this week. This means that the text of the resolution as it was originally presented will be subject to voting by the Senate. […]
