During a rare holiday session, the Illinois State Senate approved a budget that includes a massive, and progressive, tax hike on sports betting operators. Under the terms of HB 4951, Illinois' licensed sports betting operators would be taxed on a tier based on adjusted gross revenue (AGR) with the top tiers paying 40 percent. It's…
In the dark days before regulated sports betting was legalized in the United States, there was a glaring anomaly that exposed the absurdity of the ban. Every day, every daily newspaper across the country ran a small section of betting odds that was collectively known as the "Vegas Line". That line served as the official…
The Sports Betting Alliance is going all out to prevent Illinois lawmakers from raising taxes on sportsbooks from from 15 percent to 35 percent. The group, which represent operators including BetMGM, DraftKings, FanDuel, and Fanatics Sportsbook, is mobilizing a massive e-mail campaign to its customers while simultaneously applying pressure to individual lawmakers as part of…
Ippei Mizuhara, the former translator for Los Angeles Dodgers superstar Shohei Ohtani, plead guilty this week to two charges of bank and tax fraud. Mizuhara faces as many as 30 years behind bars for his role in pilfering millions from Ohtani that he used on black market sports betting. Sometime next week, Mizuhara will formally…
Sports betting-related harassment of college athletes surged during the NCAA Division I men's basketball tournament, aka March Madness, according to NCAA Managing Director Mark Hicks. Speaking at the recent SBC Summit North America Player Protection Symposium, Hicks said his organization clocked 2,000 reports of players getting harassed by bettors that were serious enough to be…
A North Carolina lawmaker is jumping on the rapidly growing movement to ban player prop bets at the college level. Earlier this week, Representative Marcia Morey (D) introduced House Bill 967, which would eliminate individual player prop bets on college athletics in America's newest regulated sports betting market. The Tar Heel State is one of…
ESPN Bet is making sports betting history this week after being named as the Official Betting Partner of the upcoming PGA Championship. The 2024 PGA Championship, which is set to take place at Valhalla Golf Club in Louisville, Kentucky from May 16-19, marks the first time the vaunted PGA Tour has partnered with a sports…
Backlash against the idea of turning children's games like Skee-Ball into skill-based gambling games began this week when an Illinois lawmaker introduced a bill that would outlaw the concept entirely in "family amusement establishments". If passed into law, HB5832 would slam the brakes on Dave and Buster's recent attempt to allow real money wagering on…
Making a fortune in America's sports betting boom isn't quite as easy as it sounds. Just ask the folks running ESPN Bet. With incredible name recognition, and some very deep pockets, the sports media giant's foray into running a sportsbook hasn't exactly gone according to plan. Now, after a lackluster earnings report, even the company's…
One of the main advantages of regulated sports betting is that players can count on reliable operators who are held accountable by the agencies that license them. That means players can count on relatively quick payouts and overall fair play. But despite the advantages offered by regulated play, many players still prefer using black market…
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