Sports Betting Industry News & Market Updates

By: Michael SavioMissouri Sports Betting Initiative Qualifies for November Ballot
The Missouri Attorney General has approved an initiative to get the topic of sports betting put on the November ballot. This will allow residents of the Show-Me state to decide the issues themselves, circumventing years of legislative roadblocks.

By: Michael SavioDraftKings Sportsbook Drops Plans for Controversial Proposed Surcharge
DraftKings has announced that it will no longer move forward with a controversial surcharge on betting winnings in four major markets with high tax rates. The decision comes soon after FanDuel other operators declined to follow suit by adding similar charges.

By: Michael SavioDraftKings Sportsbook New Surcharge Sends Shockwaves Across Industry
DraftKings stunned the sports betting industry by announcing a new surcharge on all customer winnings in four US markets starting in 2024.