Sen. Joe Addabbo on expansion and lowering of sports betting tax rate
On a proposal to increase New York OSB skins and drop the tax rate to 25%”Whether you increase operators, whether you tinker with the tax rate at 51% or whatever it is, it has to make fiscal (sense). You’re seeing the numbers right now are so beneficial to the people of New York. You don’t […]
PointsBet to debut new live betting formats
Summary: PointsBet announced the launch of three new Lightning Bet products, which will launch at the online sportsbook in time for March Madness. The new line of betting formats includes next point, next minute, and and next four minutes betting. Why it matters: Micro markets continue to emerge as a fast-growing line of what’s offered […]
DraftKings tops Indiana OSB market in February
Summary: DraftKings Sportsbook took $121.5 million in online bets in Indiana in February, continuing its status as the state’s leading brand. That figure marked a 25% drop month-to-month against January, mirroring a statewide trend largely driven by the 2021-22 NFL season ending. Why it matters: DraftKings Sportsbook took $7.34 million in gross receipts, good for […]
West Virginia lawmakers approve eSports betting
Summary: West Virginia lawmakers approved a bill over the weekend that will allow sportsbooks to take bets on eSports competitions, creating another legal market for a much talked about series of events that have so far gained little overall market traction in the U.S. Why it matters: As eSports’ popularity has grown in the U.S., […]
DraftKings’ Dan Le Batard deal will be copied, says media boss
Summary: John Skipper, the former CEO at ESPN and now in charge of digital media company Meadowlark, says his company’s wide-ranging content deal with DraftKings for the Dan Le Batard show will be replicated by other sportsbooks because of what it offers in terms of cheaper customer acquisition. Why it matters: Speaking on a panel […]