Sports Betting Industry News & Market Updates

By: Michael SavioVermont Lawmakers Propose Bill to Close Sports Betting Market
A trio of Vermont State Representatives have introduced a new bill to re-enact a ban on sports betting to protect low-income bettors and their families. The bill will face an uphill battle after Vermont's impressive first year of a legal market.

By: Michael SavioNew Jersey Sportsbooks Recouped Big Losses During NFL Playoffs
Photo by Spc. Brandon C. Dyer, Public domain, via Wikimedia Commons

By: Michael SavioBill to Legalize Sports Betting in Texas Gains Support of Governor
Gov. Abbott has announced his support for House Joint Resolution 134, which would amend the Texas Constitution to allow for a legal sports betting market. The support puts the Governor at odds with Lt. Gov. Dan Patrick, one of the biggest opponents of sports betting.

By: Michael SavioFanDuel Sportsbook Sees Record Number of Wagers on Super Bowl LIX
Parent company Flutter Entertainment has reported that over 16 million wagers were placed on the NFL’s big game, setting a new record for Super Bowl Betting. The operator saw around 70,000 bets per minute at its busiest point.

By: Michael SavioNew York Sees Record High Sports Betting Handle in January
The New York State Gaming Commission has reported a sports betting handle of almost $2.5 billion for January, breaking the previous monthly record set in October 2024. FanDuel Sportsbook led all operators for the month, with DraftKings following close behind.

By: Michael SavioVoter Referendum on Legal Sports Betting Begins in South Dakota
South Dakota State Senator Steve Kolobek has proposed Senate Joint Resolution 507, which would allow residents to vote on legalizing online sports betting. The measure is similar to proposals in 2022 and 2023, both of which failed in the House.

By: Michael SavioArizona Warns Residents to Be Safe Betting on Super Bowl LIX
Arizona released a pair of public service announcements reminding bettors to play responsibly and watch out for scammers looking to steal information. The American Gaming Associate currently estimates over $1.3 billion will be wagered on the game.

By: Michael SavioAGA Predicts Over $1.30 Billion Will be Wagered on Super Bowl LIX
The AGA projects that around $1.39 billion will be wagered on Super Bowl LIX, an increase from $23 billion last year. The group believes that new sports betting states and an improved market in D.C. will result in a record number of bets.

By: Michael SavioESPN Launches New Campaign to Promote Responsible Gaming Habits
ESPN has announced a new campaign to promote responsible gaming in the US. The campaign features two creative segments that discuss what responsible gaming means. It is part of a more significant effort to combat the rise in problem gambling.

By: Michael SavioOhio Governor Renews Push to Double Sports Betting Tax Rate
Ohio Governor Mike DeWine announced he will again push to double the tax rate on sports betting operators after successfully doubling it in 2023. He cites aggressive sportsbook tactics that lead to more significant losses for Ohio bettors as the driving reason for the change.