Regulation

Massachusetts sports betting

Massachusetts Sports Betting Again Rejected By Senate

The chances of Massachusetts even addressing sports betting this year, let alone legalizing, appear much longer after the Senate‘s budget decisions this week. The Senate again rejected the addition of sports betting to its fiscal 2021 budget proposal, which is months overdue. Sen. Bruce Tarr submitted an amendment legalizing sports wagering, just as he did […] Read More
Posted on: November 19, 2020 | Regulation Sports Betting | Matthew Waters
Pennsylvania sports betting

Did Pennsylvania Sports Betting Promo Spending Really Drop In October?

Pennsylvania became the third US jurisdiction to eclipse the half-billion dollar sports betting handle mark in a single month. Handle hit $525.8 million in October, setting a new PA sports betting record. That’s up 13.6% from the previous record of $462.8 million set in September. Only New Jersey and Nevada have broken the $500 million […] Read More
Posted on: November 17, 2020 | Regulation Sports Betting | Matthew Waters
Indiana sports betting

Indiana Sports Betting Still Hitting Records Despite Robust Illinois Market

The sports betting industry wasn’t sure how the Indiana market would hold up whenever Illinois entered the sports betting scene. Illinois appears to be grabbing some share but the Hoosier State is holding on well, though. Sportsbooks saw another record month for both handle and revenue in October. Handle hit $230.9 million with $21.1 million […] Read More
Posted on: November 10, 2020 | Regulation Sports Betting | Matthew Waters
DFS

Log Rolling And Tug of War: How A New IRS Memo Looks At DFS 

The Internal Revenue Service (IRS) has issued another memo at the intersection of daily fantasy sports and the federal tax code.   Dated September 14, 2020 but not publicly released until October 16, the IRS’s recent four-page memo concludes that “[t]he amount paid by a daily fantasy sports player to participate in a daily fantasy sports […] Read More
Posted on: November 9, 2020 | Daily Fantasy Sports Opinion Regulation | Ryan Rodenberg
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