Tag: DraftKings
California Attorney General set to rule that online fantasy sports platforms are illegal
27 June 2025 at 6:49am UTC-4
California's online fantasy sports operators are preparing for a potentially shocking legal hit and several sources report that Attorney General Rob Bonta is set to announce in ...
Igaming will outperform this year, Macquarie analyst says
26 June 2025 at 2:40pm UTC-4
Igaming stocks are rising three times as fast as the S&P Index. That was one of the salient findings of Macquarie Equity Research analyst Chad Beynon in an investor note ...
Garden State tax increase can be managed, Truist analyst says
24 June 2025 at 4:35pm UTC-4
Following up on reporting in NJ.com, Truist Securities analyst Barry Jonas weighed in on the tax-increase compromise reached between New Jersey Gov. Phil Murphy and the state ...
Massachusetts introduces controversial igaming bill
24 June 2025 at 6:07am UTC-4
The Massachusetts Joint Committee on Consumer Protection and Professional Licensure met on Monday to discuss various bills, including a provision allowing state residents to play ...
DraftKings and Underdog first to apply for Missouri online betting licenses
23 June 2025 at 7:09am UTC-4
DraftKings and Underdog are the first two online operators to submit applications to operate in Missouri.
Missouri residents voted to legalize sports gambling last November ...
Fitch: Tax hikes could stunt sports betting’s growth
16 June 2025 at 4:41pm UTC-4
“Recent and proposed state sports betting tax hikes could dampen the online gaming sector’s positive growth momentum,” Fitch Ratings Associate Director David Lowenstein ...
DraftKings imposes Illinois levy
13 June 2025 at 1:30pm UTC-4
Following the example of FanDuel this week, DraftKings says it will levy a US$0.50 surcharge on bets placed in the Illinois. In-person wagers will be exempt from the fee, which ...
FanDuel user fee not likely to spread past Illinois, Jefferies analyst says
10 June 2025 at 1:42pm UTC-4
Flutter Entertainment has announced it will levy a US$0.50 surcharge, or “transaction fee,” on all bets placed online in the state of Illinois, pursuant to state's institution ...
New York State OSB revenue outpaces handle
9 June 2025 at 4:18am UTC-4
Online sports betting revenues of US$249 million in May represented a 22.4% surge in New York State winnings.
The increase was driven in part by 11.3% hold, compared to 10.3 ...
Illinois raises sports betting tax as part of the 2026 budget
4 June 2025 at 6:46am UTC-4
Minutes before midnight on Saturday, Illinois lawmakers passed an additional tax on sports bets.
The new tax will incur US$0.25 for every bet placed with a licensed sportsbook ...
