DraftKings is calling off its controversial plan to add a surcharge to winning bets in select states with high taxes on sports betting operators. It was a plan that likely looked good on paper but was a total flop with players. More importantly, to DraftKings, other sports betting operators failed to follow DraftKings' lead when…
PENN Entertainment CEO Jay Snowden recently told investors that ESPN Bet will be fully integrated into ESPN's digital properties in the very near future. It's a move aimed at fully nailing down ESPN's massive online audience into its gaming ecosystem. It's also a move that could garner criticism for exposing that very same massive online…
A coalition of high-level Australians is calling for a complete ban on gambling advertising of all kinds in the country within the next three years. The group, which operates under the moniker the Alliance for Gambling Reform, stated its case in a letter sent to government officials and news media outlets this weekend. The Alliance…
Gambling operator jersey sponsorships are an increasingly controversial promotion in most parts of the world but in Scotland, professional football is taking a decidedly different approach. In announcing its recent sponsorship deal William Hill, Scottish Professional Football League (SPFL) CEO Neil Doncaster said the league, "shouldn’t be stuffy about gambling." Doncaster's remarks on the relationship…
Recently released court documents in the Matthew Boyer illegal bookmaking case have revealed new details about his multi-million dollar operation and the steps he took to hide that business from authorities. Boyer's bookie business served hundreds of customers, including former and professional athletes, and used casinos to launder his unregulated cash. Boyer is set to…
Are political betting markets a threat to democracy? A group of US lawmakers including Sen. Jeff Merkley (D-OR) and Sen. Elizabeth Warren (D-MA) are calling on the Commodity Futures Trading Commission (CFTC) to ban those betting markets for exactly that reason. Led by Markley, a group of Democratic lawmakers recently sent a letter to CFTC…
American Gaming Association President and CEO Bill Miller is hitting hard against claims that regulated sports betting is responsible for an uptick in ad sales on this year's Olympic Games broadcasts on NBC. Miller said the argument presented in a Washington Post editorial titled, "Sports betting ads are out of control. For solutions, look overseas.",…
DraftKings CEO Jason Robins is fighting back against high tax rates on sports betting operators with the announcement of a new surcharge on winning wagers starting January 1, 2025. The new surcharge will only apply in states where the current tax rate is 20 percent or higher. Robins framed the new surcharge as a necessity…
Caesars Entertainment is selling the World Series of Poker (WSOP) to NSUS Inc., the operator of GGPoker, in a deal worth $500 million. While Caesars is selling off its WSOP assets, it's not giving up on poker's biggest event entirely and will continue hosting tournaments for the foreseeable future. GGPoker and Caesars have a long-standing…
A group of US lawmakers, led by Rep. Dina Titus (R) Nevada, is looking to put an end to a federal betting excise tax on sports betting handle. It's a bipartisan effort to relieve operators of a .25 percent tax that all US-facing operators pay, but it might not have enough traction to pass through…
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