Legal Sports Report

Tax Rate, License Fees For AZ Sports Betting Released In New Draft

The AZ sports betting market could feature one of the more industry-friendly tax rates in the country. A second draft of rules released Friday by the Arizona Department of Gaming proposes separate tax rates for retail and mobile Arizona sports betting revenue: 8% on retail wagers 10% on mobile wagers The new draft also sets […] Read More

Posted on: July 2, 2021 | | Adam Candee

Flutter Announces FanDuel CEO Matt King Plans To Step Down

FanDuel CEO Matt King will step down in the near future, putting plans for a US public listing in question. Flutter Entertainment, the parent company of FanDuel Sportsbook, announced King’s intent to depart the business in an email Tuesday evening. The announcement highlights King’s role in helping FanDuel navigate the post-PASPA landscape in the US; […] Read More

Posted on: May 12, 2021 | | Adam Candee

March Madness In NJ Sports Betting Market Proves Profitable

The return of March Madness led to a strong month of revenue and handle in the NJ sports betting market. New Jersey sportsbooks held better than 7% of wagers in generating more than $60.7 million in sports betting revenue. That equates to handle of $859 million for March 2021, according to the state report released […] Read More

Posted on: April 16, 2021 | | Adam Candee

Hell Frozen Over: NFL Signs Sports Betting Deals With Three US Sportsbooks

The NFL appears to be recovering quite well from the damaging effects of legal US sports betting. The league announced Thursday it will partner with three prominent sportsbooks in the United States: Caesars DraftKings FanDuel The NFL becomes the last of the four major US professional sports leagues to add sports betting partnerships. In a […] Read More

Posted on: April 15, 2021 | | Adam Candee

Start Spreading The Blues: NY Sports Betting Bill A Total Mess

The mobile NY sports betting language included in the state budget bill is best consumed with a stiff drink in hand. At best, the cocktail might help to make sense of the most confusing bill in three years of legal US sports betting. At worst, a libation will make it easier to walk away from […] Read More

Posted on: April 7, 2021 | | Adam Candee

Did Pritzker Just End Illinois Sports Betting Market’s Rise To The Top?

Gov. JB Pritzker’s pandemic-induced suspension of in-person registration for Illinois sports betting fueled massive growth in the past few months. Yet just as quickly as the market grew is how fast it might stall after his confusing decision today. It appears Pritzker did not renew his suspension of in-person signup for IL sports betting accounts. […] Read More

Posted on: April 2, 2021 | | Adam Candee

Mobile NY Sports Betting Hopes Receive Major Boost In Assembly Budget

Hope for mobile NY sports betting dies year after year in the New York State Assembly. In 2021, though, it appears the lower chamber will give life to its chances. The Assembly included mobile New York sports betting in its one-house budget released Saturday evening. The details of the included proposal appear largely to mirror […] Read More

Posted on: March 13, 2021 | | Adam Candee

Stock Price For theScore IPO Set, Share Offering Increased

Canadian media company theScore set the price Wednesday for its initial public offering (IPO) in US markets. The Toronto-based outfit officially goes up for offer Thursday on Nasdaq (SCR) at a price of $27 per share. TheScore initially planned to put up 5 million Class A shares but decided prior to the launch to increase […] Read More

Posted on: February 25, 2021 | | Adam Candee

Michigan Sports Betting Launch: Everything We Know Today

Today’s launch of online Michigan sports betting provides a first glimpse into one of the country’s most interesting markets. Michigan sportsbooks can start their mobile apps at noon local time Friday. Launch weekend could prove competitive in the MI sports betting market as well, with as many as 10 operators opening shop. Online sports betting […] Read More

Posted on: January 22, 2021 | | Adam Candee