Even with persistent pushing by Senator Joseph Addabbo, iGaming in New York was not included in the 2023-24 current budget plans. Addabbo’s last big push was in late February where he proposed using the funds generated from online gaming to fund the MTA. NEW YORK – After an attempt by Senator Joseph Addabbo to regulate … Read more
Monkey Knife Fight was a daily fantasy sports app that started in 2018 and was then acquired by Bally Sports in January of 2021. After substantial losses were reported by Bally’s North American Interactive Division this year, Monkey Knife Fight has shut down. MKF was the third largest North American DFS platform. Bally Sports is … Read more
The top three online gambling operators in Michigan all set monthly highs in gross gambling revenue. BetMGM has established itself as the top site earning $54 million in GGR, while FanDuel and DraftKings lag behind. If BetMGM has a similar month in December, the online gambling company should be celebrating $1 billion in GGR in … Read more
FanDuel may be planning to rework TVG’s tv channel into FanDuel TV. TVG2 would then become FanDuel Racing, and remain focused on horse betting. Kay Adams, formerly of Good Morning Football, is a likely NFL morning show host. LAS VEGAS – TVG, the horse racing giant and FanDuel subsidiary, is likely going to undergo some … Read more
Virginia has seen roughly 50% of their potential sports betting tax benefits due to sportsbooks deducting promotions and bonuses. The budget approval requires operators that are live for 12 months to pay these taxes moving forward. RICHMOND, Va. – Virginia is joining Colorado as the second state to remove promotion deductions for sports betting. With … Read more
FanDuel and Rush Street’s CEOs both agree that consolidation is imminent in the betting market. TwinSpires and TheScoreBet already closed down due to issues that could be explained by consolidation. Long term, bettors might end up with less options, and a less competitive market for their sports betting desires. LAS VEGAS – Sports betting markets … Read more
Evolution AB, an online gambling company, will bring 400 jobs to Connecticut. Evolution enters CT as a live dealer partner for DraftKings and FanDuel. The company is currently soft launching live dealer games, with the final launch scheduled for July 18. HARTFORD, Conn. – Online gambling appears to be bringing jobs to Connecticut, according to … Read more
Underdog Fantasy was forced to withdraw from Michigan due to legislative changes. The company hopes to eventually rejoin the state, but the time frame is unknown. Michigan is now one of 10 states that Underdog Fantasy does not operate in. LANSING, Mich. – Underdog Fantasy sports has pulled out of Michigan and stopped allowing participants … Read more
Online sports betting operators are unhappy and have requested to lower the state revenue tax of sports betting from 51%. New York governor has increased the projection of total tax revenue brought in from online sports betting to $615 million. NEW YORK – Since its January launch, New York has been dominant for online sports … Read more
