Category: Sports

Posted on: May 28, 2024, 10:53h.  Last updated on: May 28, 2024, 11:32h. On news that the Illinois Senate approved a budget that includes a near tripling of the state’s tax rate on regulated sportsbook operators, shares of DraftKings (NASDAQ: DKNG) and Flutter (NYSE: FLUT) tumbled Tuesday. A DraftKings billboard appears at Times Square in...

While on your sports betting journey, you might see the acronym “ATS” listed on sports betting stats sites. What does it mean? It’s talking about against the spread. Let’s break it down. More: Check out our sports betting guides for more terms and explanations ATS Stands for Against the Spread ATS stands for against the...

Delaware appears poised to expand its legal sports betting platform past having just one exclusive online operator. Last year, BetRivers became the lone vendor in the state’s online gaming business, taking over from 888, a company that is in the process of exiting the American market. Despite that BetRivers is one of our best sports betting sites,...

May 21, 2024; Chicago, Illinois, USA; Chicago Cubs outfielder Cody Bellinger (24) scores against the Atlanta Braves during the 10th inning at Wrigley Field. Mandatory Credit: Kamil Krzaczynski-USA TODAY Sports The Illinois Senate approved a budget that includes a new progressive sports betting tax rate for operators The graduating sports betting tax rate tops out...

Source: Lori Butcher / Shutterstock.com DraftKings (NASDAQ:DKNG) stock fell 7% over the weekend after the Illinois Senate passed a hike to the state’s sports betting tax. The Senate package is different from a bill already approved by the Illinois House. The two proposals must be reconciled before they can be signed. The bill hikes the...

Greg Sankey toed the fine line with college sports betting, especially in terms of prop bets. The SEC Commissioner said they haven’t had too much conversation regarding any sort of ban. Basically, you have to be aware of sports gambling, legal and “unsanctioned,” as Sankey put it. Getting it under control? Well, what’s control? And...

ilbusca/E+ via Getty Images Sports betting stocks were jolted in early action on Tuesday after the Illinois State Senate passed a bill on Sunday proposing higher taxes on online sports betting operations. Under the new proposal, online sports betting operators will begin paying higher taxes on July 1, ranging from 20% to 40% depending on...

The proposal would introduce a progressive rate up to 40 per cent. US.- The Illinois Senate has passed a bill that would introduce a new method for calculating sports betting taxation from July 1. The state would move to a progressive tax rate on operator revenue. HB 4951 passed 37-22, with one key amendment added...

New Jersey revenue in April 2024 increased In April 2024, casinos, sportsbooks, and their online partners in New Jersey achieved total gambling revenue of $510.9 million. This figure is a 10.4% increase on the $462.7 million reported in April 2023. The year-to-date (YTD) figure reported was $2.06 billion, which is a 14.4% increase from the...

LEON.BET has announced a collaboration with 9INE, one of Europe’s top esports organisations known for its focus on Counter-Strike 2 (CS2), that will see it become the exclusive betting partner to the team. The partnership will take esports betting to a new level, offering fans exclusive content and exciting new ways to engage with their...