"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."
Our Writers:
Michael Savio
Colorado Looking to Tax Sportsbooks on Revenue from Free Bets
The Colorado House is currently reviewing bill HB 1311, which would tax online sportsbooks on promotional bets. This is projected to raise tax revenue generated by the industry by about 30%, helping to fund the state’s critical water projects.
Apr 24, 2025
Sports Betting 
New York Considering Bill to Set Daily Limit on Sports Betting
The New York Assembly is currently considering a bill that would set a $5,000 daily wagering cap on sports betting, as well as advertising restrictions. Those restrictions include set hours for advertising and a ban on in-game ads and the promotion of free bets.
Apr 22, 2025
Responsible Gambling
Proposed Ohio Tax Hike on Sports Betting Operators Defeated
An Ohio budget proposal was submitted to double the state’s tax rate from 20% to 40%, but it was stripped after failing to gain support among lawmakers. The state is now shifting focus to protecting the industry as sports prediction markets continue to rise.
Apr 17, 2025
Sports Betting 
Tennessee Becomes Latest State to Push Back Against Prediction Markets
The Tennessee Sports Wagering Council has sent a letter requesting that the CFTC shut down controversial sports prediction trading markets in the state. Tennessee is the ninth state to take action against these markets, but it may not have the authority to do so.
Apr 17, 2025
Sports Betting 
North Carolina Looking to Double Sports Betting Operator Tax Rate
A group of North Carolina republicans has introduced a budget proposal that would make significant changes to the state’s sports betting tax revenue. The proposal would double the operator tax rate from 18% to 36%, and change how the revenue is distributed.
Apr 17, 2025
Sports Betting 
Michigan Begins Crackdown on 13 Offshore Gambling Sites
A Michigan regulator has issued a new round of cease-and-desist letters to 13 illegal operators, demanding they shut down their platforms within 14 days. The state believes these operators are creating a dangerous alternative to its regulated gambling markets.
Apr 15, 2025
Responsible Gambling
Hawaii Sports Betting Bill Heads to Committee to Over Senate Changes
The HI House has rejected Senate changes to a sports betting bill, sending it to a conference where members from both bodies will attempt to reach a deal. The disagreement centers on operator tax rates and licensing fees set by the Senate.
Apr 14, 2025
Sports Betting 
Kansas Sports Betting Market Under Fire After House Amendment
The Kansas House of Representatives has passed an amendment prohibiting the Lottery from negotiating with sportsbooks to renew their sports betting licenses. The order covers the next two years, meaning no negotiations can occur until 2027.
Apr 11, 2025
Sports Betting 
Kalshi Announces Impressive Handle for March Madness Market
Kalshi has announced that its March Madness prediction market saw over $500 million in contracts. The company also scored a key legal win this week when a Nevada Judge ruled that the state does not have the power to push the operator out.
Apr 11, 2025
Sports Betting 
Illinois Considering Bill to Better Address Problem Gambling
The Illinois House is reviewing SB0118, which would add gambling addiction to the Substance Use Disorder Act, unlocking tools to fight the rising problem. The Senate unanimously passed the bill, giving proponents hope that it will soon become law.
Apr 11, 2025
Responsible Gambling