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Michael Savio

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Michael SavioBy: Michael Savio

Will Sweepstakes Bans Affect Problem Gambling Numbers?

Three more states have chosen to place bands on the sweepstakes industry, continuing a country-wide trend. While lawmakers are looking to protect bettors, we are left wondering how eliminating these free-to-play platforms will affect the growth of problem gambling.
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Michael SavioBy: Michael Savio

Coalition of 36 Attorney Generals Set to Oppose Kalshi

A group of 36 bipartisan state AGs has formed a coalition to help push out sports prediction market operator Kalshi. The group filed a strongly worded amicus brief in a New Jersey court where a lawsuit against Kalshi is being heard.
Jun 19, 2025
Sports Betting
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Michael SavioBy: Michael Savio

Michigan Shares Impressive Sports Betting Numbers from May

The Michigan Gaming Control Board has reported that sports betting generated $50 million in revenue last month, generating $2 million in tax revenue. The impressive total is 17% higher than April’s and up 19% compared to May 2024.
Jun 19, 2025
Sports Betting
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Michael SavioBy: Michael Savio

Wyoming Becomes Latest State to Consider Sportsbook Tax Hike

A Wyoming legislative committee has proposed doubling the state’s tax rate for online sportsbooks to 20%, putting the state at the national average. The rate is currently set at 10%, which has enabled the market to exceed expectations since its launch in 2021.
Jun 17, 2025
Sports Betting
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Michael SavioBy: Michael Savio

Reports Suggest FanDuel Sportsbook in Negotiations with Kalshi

Reports surrounding the sports betting industry allege that FanDuel Sportsbook is in discussions with Kalshi as it explores launching a sports prediction market platform. While the company hasn’t confirmed this, leadership has expressed interest in pursuing this new industry.
Jun 17, 2025
Sports Betting
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Michael SavioBy: Michael Savio

The Battle Over Oklahoma Sports Betting Continues to Grow

Oklahoma Governor Kevin Stitt told reporters that he remains unwilling to support any sports betting bill that proposes a tribal-run market. He blamed the tribes for delaying the industry, pointing to their rejection of his previous proposals.
Jun 13, 2025
Sports Betting
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Michael SavioBy: Michael Savio

Two Operators Submit Applications for Missouri Sports Betting

DraftKings and Underdog have both submitted applications for sports betting operating licenses in Missouri, with the market set to launch on December 1. They are the first sportsbooks to apply, though more are expected to join them soon.
Jun 12, 2025
Sports Betting
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Michael SavioBy: Michael Savio

Senate Presses Nominee for CFTC Head On Prediction Markets

The Senate Agriculture Committee held a hearing to question Brian Quintez, who has been nominated to take over the CFTC. Most of the questions focused on sports prediction markets and his ties to prominent operator Kalshi.
Jun 12, 2025
Sports Betting
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Michael SavioBy: Michael Savio

Maine Regulator Issues Warning Over Illegal Online Casinos

The Maine Gambling Control Unit issued a public statement warning residents about online casino operators and reminding them that the industry remains illegal. The warning comes as state lawmakers decide to reconsider creating a regulated industry.
Photo by GPA Photo Archive / Conal Gallagher, CC BY 2.0 via Wikimedia Commons
Michael SavioBy: Michael Savio

All Eyes on Illinois as Lawmakers and Sportsbooks Square Off

A battle is brewing between the Illinois lawmakers and online sportsbooks over a new “per bet” tax included in the state’s budget. FanDuel has fired the first volley by announcing a new surcharge for all bets placed in the state.
Jun 12, 2025
Sports Betting

"Being in the world of sports betting has been a way of honoring my late grandfather. The old New Yorker relocated to Las Vegas when I was young, and passed his years of experience betting on sports to me. My pursuit of this profession was to honor his memory, and it has kept me connected to him long after he passed."

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