Tag: DraftKings
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 ...
SailGP announces sports betting partnership with DraftKings and Bet365
4 June 2025 at 5:58am UTC-4
Sportsbook operators DraftKings and Bet365 have entered a partnership with the international sailing league, SailGP.
The partnership will enable fans to bet on races as early ...
Illinois tax increase surprises analysts
2 June 2025 at 12:43pm UTC-4
Wall Street analysts were taken aback by an 11th-hour Illinois budget measure that added handle taxes to those levied on sports book revenue. Gov. J.B. Pritzker has indicated that ...
Iowa man sues DraftKings for refusal to payout US$14 million
2 June 2025 at 7:48am UTC-4
An Iowa man has sued DraftKings after the company refused a payout of more than US$14 million in winnings on bets made during the 2024 AT&T Pebble Beach Pro-Am Tournament ...
Massachusetts sports betting revenue hits US$65.4 million for April
22 May 2025 at 5:43am UTC-4
Massachusetts’ sports betting sector enjoyed a successful April, generating combined revenue of US$65.4 million, up from US$49.4 million in April last year, representing a year ...
