March Madness upsets ‘incrementally positive’ for the sportsbooks
Summary: Looking at the relative number of upsets ahead of the Elite Eight games this past weekend, the team at Jefferies suggested that the sportsbooks would have been happy with the lack of favorites featured. Why it matters: The hold factor is increasingly important when it comes to debates about profitability in many states so […]
Missouri looks for a sports betting tax rate sweet spot
Missouri State Sen. Denny Hoskins on finding a sports betting tax rate compromise“There’s a lot of things in the House bill I think are good, I think it’s a good starting point. But I believe that tax rate of 8%, I mean basically we’re just giving away money to the casinos which in my opinion […]
AGA supports Kentucky bill banning unregulated skill-based games
Summary: The American Gaming Association sent a letter to the Kentucky Senate in support of a bill that would ban unregulated skill games in the state. That bill, HB 608, advanced through the State House earlier this week, and now awaits a vote in the State Senate. Why it matters: HB 608 targets “gray machines,” […]
FanDuel, Game Taco to launch skill-based game line
Summary: FanDuel Faceoff, a collection of skill-based games offering cash prizes, will launch in 32 U.S. states in partnership with Game Taco. Players will be able to access the games through existing FanDuel accounts in eligible states. Why it matters: The agreement allows FanDuel to introduce the Game Taco skill-based games line on FanDuel platforms. […]
Evolution CPO: Fair taxes will help US online gambling reach its full potential
Fair taxes will help US online gambling reach its full potential “What is needed now is the same thing that made the great land-based markets flourish – low gaming taxes and a great offering. Nevada and New Jersey have the lowest gaming tax rates in America and inevitably have seen the most investment. They also […]