The Tax Foundation Tuesday (17 September) released an interactive map that shows tax rates for every legal US online sports betting jurisdiction. The map reveals the diverse tax structures that exist across the country. Operators must deal with separate sets of laws, regulations and tax structures in each jurisdiction in which they are licenced. The...
Tag: New York
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Travers Stakes favorites 2024: post time, odds, lineup
Churchill Downs announces Grandstand Club and Pavilion renovation plan Churchill Downs announced a new $90 million project to be completed ahead of the 2025 Kentucky Derby. Here’s what to expect. The 155th running of the Travers Stakes goes off on Saturday from Saratoga Race Course in New York. The 2024 Travers Stakes, a sort of...
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Hard Rock Bet and Post Malone are Ready to Roll in New Campaign | LBBOnline
Sports and casino apps have taken the USA by storm with 30 states having legalised betting apps. But in a sea of sameness, Hard Rock Bet is on a mission to rock the betting world, for both sportsbook + casino. With a wide range of sports betting and online casino options already available – the...
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Ex-NBA player Jontay Porter pleads guilty to conspiracy to commit wire fraud; could get 4+ years in prison
Former Toronto Raptor Jontay Porter Wednesday (10 July) turned himself in to federal authorities and pled guilty to a conspiracy to commit wire fraud in a sports betting scandal that involves four others. Porter entered his plea at the US District Court for the Eastern District of New York. Federal prosecutors recommended 41-51 months in...
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Exploring the Success
Make It Rain 💸 The betting news reports that New York has achieved an outstanding milestone and is killing it in the sports betting game! The NY sports betting scene just became the first state to rake in over $4 billion in wagers since sports betting became legal. That’s a huge win, and it shows...
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Google Ads and Online Betting
Google Ads: A Bright Future 🤩 Big betting news Google Ads is changing its rules. Starting July 15th, 2024, daily fantasy sports (DFS) and lottery courier services in some US states can be advertised on Google. This is a big win for the gambling industry, showing how betting is becoming increasingly mainstream. Uncover Exclusive Picks...
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Why New York is the Top Handle Rankings
The full 2024 Quarter 1 legal online sports betting numbers are in and, to the surprise of no one, New York is the clear leader nationwide in terms of overall handle. While New York might not have legalized as soon as either Nevada or neighboring New Jersey, the fact that New York tops the handle...
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New York’s Sports Betting Revenue
Getting Closer 🤑 New York’s sports betting market is surging. Fueled by the ease of mobile apps, fans are betting online more money than ever before. However, the state faces challenges, particularly with the ongoing Seneca Casino Compact negotiations. Uncover Exclusive Picks & Predictions From Our Experts. Notice: JavaScript is required for this content. Record-Breaking...
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Staten Island Mobsters Arrested In $22M Illegal Sports Betting Ring
Do Staten Islanders know that sports betting is now legal in New York? Some of them might not, as evidenced by State Attorney General Letitia James’ announcement of the arrest of 17 Staten Island-based associates of the Gambino Crime Family on Wednesday. Among other crimes, they stand charged with running a $22 million illegal sports...
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Two more arrested in NBA betting scandal
Two more people were arrested and arraigned in the NBA sports betting scandal Thursday (6 June) morning, the US Attorney’s office for the Eastern District of New York announced. That brings to three the number conspirators arrested. One still remains at large. Timothy McCormack and Mahmud Mullah were both released on $50,000 bond Thursday morning....
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Banned NBA player Jontay Porter’s gambling accomplice arrested at JFK
By Reuters and Alastair Talbot Published: 05:48 BST, 5 June 2024 | Updated: 05:51 BST, 5 June 2024 A New York man was arrested on suspicion of placing bets on Jontay Porter in games that the Toronto Raptors forward was attempting to lose as part of a sports betting scheme, federal prosecutors said on Tuesday....
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Report: Illegal Mobile Sports Betting Market Cost New York, New Jersey $2.9B In 2023 Revenue
A report released by the Campaign for Fairer Gambling and Yield Sec claims the New York and New Jersey mobile sports betting markets lost a combined $2.9 billion in revenue to illegal operators 2023. Both states surpassed $1 billion in total sports betting revenue in 2003, with New York leading the country with close to...