News - Legal Sports Report

Opinion: Sportsbooks Might Hate It, But NY Winning Sports Betting Game

There has been a lot of griping about the exorbitant NY sports betting tax rate and outrageous licensing fees. (The equivalent tax rate happens to be the same as Delaware and Rhode Island, which awarded monopolies to DraftKings with little uproar.) One might have expected things to settle down after New York sports betting actually […] Read More

Posted on: May 26, 2022 | | John Holden

Why Hot Tech Scene In Ontario Bodes Well For Sports Betting Future

Commercial Ontario sports betting launched in April, adding fuel to an already growing technology industry in Toronto. While sportsbooks clamored to enter ON sports betting, the online gaming industry had already established roots in the province’s largest city. The industry’s potential impact on Ontario is well-known by those in the business community in Toronto. “This is a […] Read More

Posted on: May 26, 2022 | | Pat Evans

Florida Man Scammed Millions From People In Sports Betting Scheme

US authorities arrested a man Wednesday for allegedly bilking more than $25 million from victims in a sports betting scheme on supposedly fixed games. Cory Zeidman was indicted by the US District Court for the Eastern District of New York for conspiracy to commit wire fraud, mail fraud and money laundering conspiracy. He faces forfeiture […] Read More

Posted on: May 25, 2022 | | Matthew Waters

Why Is CBS Sports Insider Josina Anderson Promoting Offshore Sportsbook Bovada?

CBS Sports Insider Josina Anderson is advertising offshore sportsbook Bovada alongside here work for the national TV network. Read More

Posted on: May 24, 2022 | | Brad Allen

How Could Reported Commanders Move Affect MD, VA Sports Betting?

The Washington Commanders are already live in VA with sports betting and could be considering a stadium there too. The Commanders paid $100 million for 200 acres in Virginia, according to a Monday report from ESPN. The land could house a 60,000-seat domed stadium, with restaurants, apartments and other surrounding amenities. Should the Commanders move, […] Read More

Posted on: May 24, 2022 | | Matthew Waters

DraftKings CFO Expects Smaller Ops To ‘Continue To Throw In The Towel’

DraftKings CFO Jason Park told investors the operator had room to improve its market share as small operators left the sector. Read More

Posted on: May 24, 2022 | | Brad Allen

Indiana Sports Betting Continues Growth With Basketball Love

Indiana sports betting proved yet again in April the love Hoosiers have for basketball. Indiana sportsbooks took $360 million in bets during April, according to an Indiana Gaming Commission report this month. While it was a 24.4% drop from March’s $476.8 million handle, it was a 52% jump compared to the $236.4 million wagered in […] Read More

Posted on: May 24, 2022 | | Pat Evans

Michigan Sports Betting Slow Season Starts In April

The slow season is hitting Michigan sports betting. Michigan bettors placed $396 million in April bets, according to a Michigan Gaming Control Board report this week. It was the first month to dip below $400 million since MI sportsbooks took $386.8 million in September 2021. The April handle was a 44.4% jump year-over-year. April was a […] Read More

Posted on: May 24, 2022 | | Pat Evans

Mobile NY Sports Betting Handle Slows, Taxes Still Rolling In

The first 15 days of May show mobile NY sports betting handle slowing as expected, but tax revenue is still flowing. New York’s eight mobile sportsbook operators turned in their weakest betting period yet with $286.2 million bet for the week ending May 15. Those mobile NY sportsbooks combined for a hold of 10.8%, though, […] Read More

Posted on: May 23, 2022 | | Matthew Waters

Land Of 10,000 Aches: Minnesota Sports Betting Bill Dies

Minnesota sports betting legalization efforts are on ice until next year. Minnesota lawmakers did not pass MN sports betting legislation before adjourning their session late Sunday night. A Senate committee’s addition of licenses for two horse racing tracks proved too significant of a hurdle for stakeholders to overcome. The session started with a promising bipartisan push […] Read More

Posted on: May 23, 2022 | | Pat Evans