Tag: FanDuel
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 ...
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 ...
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 ...
BetHog: Prospecting on the crypto gambling frontier
19 May 2025 at 8:15am UTC-4
In 2007 Nigel Eccles launched an online political prediction market called Hubdub, which by 2009 had evolved into the fledgling daily-fantasy-sports platform FanDuel ...
DraftKings and FanDuel Baltimore lawsuit removed to federal court
15 May 2025 at 9:03pm UTC-4
A lawsuit filed by city of Baltimore officials against DraftKings and FanDuel has been removed to Maryland federal court after the operators filed for a Notice of Removal on 7 May ...
Sportsbooks react against North Carolina tax rise
13 May 2025 at 9:54am UTC-4
Sports betting companies are pushing back against North Carolina’s recent budget proposal to raise the tax paid on revenue from 8% to 36%.
The proposal passed the Senate on ...
New York sports betting win nudges upward
12 May 2025 at 2:22pm UTC-4
Revenue from New York online sports betting rose 4.8% in April, boosted by a 9.6% in handle. Sportsbooks held 8.9%.
An 18% plummet in walk-up sports wagering led to a loss of ...
Flutter surmounts disappointing March Madness, NBA results
8 May 2025 at 1:31pm UTC-4
“I’ve continued to be really pleased,” Flutter Entertainment CEO Peter Jackson said at the start of a 7 May first-quarter earnings call. He said he was unfazed by economic ...
Playtech reports 4.9% revenue rise to €1.79 billion
8 May 2025 at 6:26am UTC-4
Playtech has reported revenue of €1.79 billion in 2024, a rise of a 4.9% from €1.71 billion in 2023.
However, the figures also showed that the rate of revenue growth had ...
Flutter swings from loss to profit
8 May 2025 at 5:21am UTC-4
FanDuel parent Flutter Entertainment has reported a profit of US$335 million in the first quarter of 2025. This reversed a US$117 million loss a year earlier.
The company ...
