Articles for Sports Bets

Missouri sports betting ballot measure highlights national debate about tax rates
2 months, 2 weeks ago

Missouri sports betting ballot measure highlights national debate about tax rates

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Missouri's proposed 10% tax rate on sports betting …

Tax States Betting Missouri Revenue New Jersey Sports Betting
New Jersey casino and sports betting revenue was nearly $510 million in May, up 8.3%
6 months, 3 weeks ago

New Jersey casino and sports betting revenue was nearly $510 million in May, up 8.3%

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s casinos, horse tracks that take sports bets and their online partners won nearly $510 million from gamblers in May, an increase of 8.3% from a year earlier, according to figures released Friday by state gambling regulators. “Consumer interest has been strong, driven by must-see unique investments recently made in the casino hotels.” Jane Bokunewicz, …

Gambling Revenue New Jersey Sports Betting Million Caesars Resorts
A record-breaking January for New Jersey gambling, even as in-person casino winnings fall
10 months, 3 weeks ago

A record-breaking January for New Jersey gambling, even as in-person casino winnings fall

Associated Press  

ATLANTIC CITY, N.J. — Four major gambling revenue records were smashed in New Jersey in January as 2024 got off to a rousing start for everything except the thing casinos care about most: the amount of money won from in-person gamblers. The total amount won by Atlantic City’s nine casinos, the three horse tracks that take sports bets, and their …

Ocean New Jersey Million Total Caesars Resorts Casino
Mobile sports bets booming in some states as others shy away
1 year, 9 months ago

Mobile sports bets booming in some states as others shy away

Associated Press  

The stakes are higher in Ohio this year for March Madness — and not just because it’s a regional host for the first round of the men’s NCAA basketball tournament. New York charges a 51% tax on revenue from mobile sports betting — a far higher rate than other states — with most revenue going to education. Budget officials originally …

Tax States Mobile Betting Ohio Revenue New York
South Dakota Senate OKs online sports bets ballot question
2 years, 11 months ago

South Dakota Senate OKs online sports bets ballot question

Associated Press  

— A proposal to allow voters to decide whether to expand online sports betting across South Dakota narrowly passed the state Senate on Monday. Lawmakers’ push to expand sports betting comes two years after a constitutional amendment passed with 58% of the vote and allowed sports wagers to be placed in Deadwood. The proposed constitutional amendment would allow people to …

Betting Sports Betting Republican State South Dakota Allow Online Sports
Don’t bet on it. Wagering on the Super Bowl is illegal in California
2 years, 11 months ago

Don’t bet on it. Wagering on the Super Bowl is illegal in California

LA Times  

Las Vegas casinos frequently won’t allow you to place bets online from California. But it’s clearly against the law.” Federal laws, such as the Unlawful Internet Gambling Enforcement Act and the Illegal Gambling Business Act, bar gaming sites from operating in states that prohibit gambling. California voters are likely to see one or more initiatives on that subject this November …

Law Gambling Online Betting Super Bowl California Sports Betting
Some lawmakers worry about allowing sports bets on phones
5 years, 9 months ago

Some lawmakers worry about allowing sports bets on phones

Associated Press  

PROVIDENCE, R.I. — For states looking to profit off the new world of legal sports betting, there’s an app for that. But it would be difficult to imagine a scenario where I, or certainly a large number of people in Indiana, would think it’s a good idea to put mobile out there right now.” In Arizona, state Sen. Sonny Borrelli …

Gambling States Mobile Devices Online Betting New York Rhode Island