It’s not just Tax Day for everyone looking for a refund from the IRS. It’s also time to talk taxes in sports betting, both in legislation and state revenue reports.
We’re watching North Carolina, Montana and Indiana as they all move toward the finish line for passing sports betting legislation this year. Bills are on the move elsewhere as legislatures start to wind down for 2019, including Tennessee and Missouri.
The newest revenue report also is due in Pennsylvania, so we’ll see what’s new in the Keystone State.
What else is new in statehouses throughout the US? A lot. Follow the latest on our sports betting bill tracker covers the more than 130 bills on file across the country.
LegalSportsReport covers a variety of topics that intersect with online sports betting. We focus on a few primary areas of coverage, areas that make up the bulk of the content on LSR.
Regulated / Legal U.S. Sports Betting
Closely connected to the issue of daily fantasy sports is the issue of regulated sports betting in the United States. On May 14, 2018, the US Supreme Court struck down the 1992 law (PASPA) that made sports betting illegal everywhere except Nevada. This means that sports betting is now in the hands of states to regulate and/or prohibit. The topic of legal sports betting is appearing in more and more states, a development that we'll be watching closely as they unfold in the coming year.
Daily Fantasy Sports
LegalSportsReport began as a site aimed at analyzing the daily fantasy sports industry in the United States, and that remains a focus today. We are especially interested in the legal and legislative conversations surrounding DFS, and also in the underlying economics of the daily fantasy sports industry. Additionally, we cover general industry developments, including product innovations, marketing trends, and related topics.
The Global Sports Betting Market
In many ways, the global sports online betting market, led by operators like bet365, provides a template for the market that is likely to eventually evolve for sports betting in the United States. And many of the companies that dominate the international sports betting market - such as William Hill - are poised to become key players in the US sports betting market should the market become legal and regulated.