VA sportsbooks

VA Sportsbooks Might Become First To Lose Promo Deductions

Virginia sports bettors might have more betting markets and operating VA sportsbooks might become more expensive if two pieces of legislation pass this session. The first bill, HB 1103, would limit sportsbook operators to just 12 months of promotional deductions from taxable revenue. Right now, those deductions are allowed in perpetuity. The second issue, which […] Read More
Posted on: January 21, 2022 | Regulation Sports Betting | Matthew Waters
PA sportsbooks

PA Sportsbooks Report Handle, Revenue Drops in December

PA sportsbooks reported their second straight month of handle decline – something that has not happened previously during football season. Total handle for December was $750.4 million, down 1.5% from the $761.6 million reported in November and 3.3% from the record $776.3 million bet in October. The unusual two-month skid during NFL betting season might […] Read More
Posted on: January 21, 2022 | Sports Betting | Matthew Waters

DraftKings Adds More Than $1 Million To Responsible Gaming Efforts

DraftKings made a new responsible gaming commitment Thursday. The sportsbook operator announced a responsible gaming initiative worth nearly $1.6 million. Through the “The State Council Funding Program,” DraftKings will provide state responsible gaming councils across the US sports betting landscape with $15,000 per month for three years. It is a three-year trial, according to a […] Read More
Posted on: January 21, 2022 | Regulation Sports Betting | Pat Evans
MS sports betting

Promised Mobile MS Sports Betting Bill Includes Major Barriers

Mississippi Rep. Casey Eure said he wanted to protect land-based casino operators by expanding mobile MS sports betting throughout the state. So it is not immediately clear why he included some artificial barriers in his bill. HB 997 would legalize full mobile sports betting in Mississippi, with each casino getting one online betting license. Currently, […] Read More
Posted on: January 20, 2022 | Regulation Sports Betting | Matthew Waters
Oklahoma sports betting

Analysis: Oklahoma Sports Betting Bill Backed By Questionable Numbers

In a state with only 4 million people like Oklahoma, $240 million sounds like a lot of new revenue from sports betting. This is what one Oklahoma lawmaker says OK sports betting could do for Oklahoma. Representative Ken Luttrell, a Republican state representative from Ponca City, has circulated legislation that would provide a path for […] Read More
Posted on: January 20, 2022 | Opinion Regulation Sports Betting | John Holden
Maryland sports betting

No Closer To Mobile Maryland Sports Betting Timeline After Latest Meeting

Maryland sports betting continued its slow chug toward mobile Wednesday. The Sports Wagering Application Review Commission met to approve two informational action items and hear an update on a new disparity study for MD sports betting. The commission must receive the finished study before it can set the licensing rules for mobile sports betting in Maryland. […] Read More
Posted on: January 19, 2022 | Regulation Sports Betting | Pat Evans

BetMGM To Receive Another $450 Million To Back ‘Continuing Success’

BetMGM will receive another big investment from its joint venture partners to support its “continuing success, strong performance and market leadership.” The approximate $450 million combined investment from Entain and MGM Resorts will bring total investment since 2018 to around $1.1 billion, according to a release. So far, that investment seems to have paid off: […] Read More
Posted on: January 19, 2022 | Sports Betting | Matthew Waters
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