Sports Betting Industry News & Market Updates

Michael SavioBy: Michael Savio

DC Attorney General Demands Documents from GameBetDC Operator

Reports are that Washington D.C., is demanding documentation from Intralot as a part of an ongoing investigation. Attorney General Brad Schwalb has yet to confirm any details, including who the target of the investigation is.
Missouri Sports Betting Initiative Succeeds
Michael SavioBy: Michael Savio

Missouri 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.
DraftKingillustraion
Michael SavioBy: Michael Savio

DraftKings 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.
Drafkings
Michael SavioBy: Michael Savio

DraftKings 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.