Sports Betting Industry News & Market Updates

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Michael SavioBy: Michael Savio

Wisconsin Tribes Ask Court to Toss Online Betting Lawsuit

Eight Wisconsin Tribes have asked a court to dismiss a lawsuit challenging Wisconsin’s expansion of online sports betting. The lawsuit argues the expansion falls under the federal Indian Gaming Regulatory Act, which protects tribal gambling in the US.
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Michael SavioBy: Michael Savio

NBA Sets New Rules On Parlays, Player Props for Sportsbooks

The NBA has issued new restrictions around parlays and player prop bets offered by sportsbooks. These changes are aimed at deterring athletes from participating in betting schemes where they manipulate their stats to ensure certain wagers pay out.
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Michael SavioBy: Michael Savio

Massachusetts Regulator Askes Sportsbooks for Info on AI Use

The Massachusetts Gaming Commission has sent letters to online sportsbooks asking how they are using AI. They want answers to help the regulator shape future policy around the new tool and ensure it isn’t used to target vulnerable gamblers.
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Michael SavioBy: Michael Savio

Tennessee Regulator Lashes Out Over Sports Betting Violations

The Chairman of the Tennessee Sports Wagering Council expressed his frustration over sportsbook violations. He blasted the “human error” excuse and wondered if violations are truly being addressed. His words highlight an issue that is top of mind for regulators.
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Michael SavioBy: Michael Savio

Penn Scores Win After TheScore Bet Partnership With NFL in Canada

Penn has reached a deal with the NFL to make theScore Bet its gambling partner in Canada. The deal will allow the casino and sportsbook platform to access NFL trademarks and grant exclusive advertising rights throughout the season.
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Michael SavioBy: Michael Savio

Three Midterm Races That Most Affect Sports Betting Markets

Sports betting could look very different depending on the results of three crucial races. The first two are gubernatorial races in Wisconsin and South Carolina, while the third is for control of the U.S. Congress starting in 2027.
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Michael SavioBy: Michael Savio

Wembanyama Won’t Promote Sportsbooks and Prediction Markets

NBA star Victor Wembanyama told reporters he won’t be partnering with sports betting platforms. He said he's focused on promoting positivity and shared his disappointment with the deals his fellow stars have made with sportsbooks and prediction markets.
Fanatics Announces Plans to Ramp Up Advertising in 2027
Michael SavioBy: Michael Savio

Fanatics Announces Plans to Ramp Up Advertising in 2027

Fanatics’ CEO has said the company will spend up to $1 billion on marketing for its sports betting platforms. The goal is to help close the gap with DraftKings and FanDuel in sports betting and with Kalshi in prediction markets.
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Michael SavioBy: Michael Savio

North Carolina Handle Surpasses $500 Million Again in August

North Carolina's monthly handle surpassed $500 million in August for the twelfth straight month. It generated over $11 million in tax revenue and showed that the state’s market is continuing to grow, despite a 5% tax hike for sportsbooks on July 1.
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Michael SavioBy: Michael Savio

Illinois Tops $1 Billion in Wagers for July, Continuing Streak

Illinois saw over $1 billion in sports wagers in July, thanks to the World Cup. It was the twelfth consecutive month the state has topped $1 billion. Unfortunately, the busy month generated the lowest tax revenue total since September 2025.