Industry 5n3j4s

PrizePicks Lands Partnership with World Series Champions Houston Astros 4ie6f

PrizePicks has significantly expanded its Major League Baseball presence by securing a partnership with the Houston Astros, becoming the official daily fantasy sports (DFS) partner of the 2022 World Series champions. This strategic move strengthens the operator's foothold in Texas, one of the largest untapped sports betting markets in the country. The agreement arrives just one month after PrizePicks renewed its longstanding partnership with the Atlanta Braves through 2028, signaling... 4x1o6u

Underdog Fantasy Relaunches DFS Contests in New York After $17.5M Settlement 4x16z

Underdog Fantasy has made a surprise return to New York’s daily fantasy sports (DFS) market, relaunching its draft-style contests just two months after withdrawing due to regulatory disputes. The comeback follows a $17.5 million settlement with the New York State Gaming Commission (NYSGC), which had previously ruled the operator non-compliant with state DFS laws. 🚨 ATTENTION 🚨Draft games are back in New York 🗽— Underdog Drafts (@UnderdogDrafts) May 15, 2025...

Nearly $1B Wagered, But Low Win Rate Dents Ohio Betting Revenue 6g2469

Ohio bettors wagered a staggering $991.9 million in March 2025, making it the fourth-highest monthly handle in state history. Despite this massive volume, Ohio betting revenue reached just $66.5 million, as operators reported a win rate of only 6.70% - the second-lowest ever recorded in the Buckeye State. This isn’t an isolated case. Across the U.S., many sportsbooks experienced low win rates in March, particularly during the NCAA basketball tournaments....

Missouri Sports Betting Timeline Takes Shape as License Applications Begin h4o26

Missouri's long-awaited entry into legal sports betting is finally taking concrete form. The Missouri Gaming Commission has officially opened the application window for sportsbook licenses, setting the stage for a December 1 launch date that will bring regulated wagering to the Show-Me State just over a year after voters approved the measure. Application Process Underway with Tight Deadlines Sportsbook operators looking to enter Missouri's market now face a race against...

Michigan Intensifies Campaign Against Illegal Gambling Operations 4d4z6k

The Michigan Gaming Control Board (MGCB) is ramping up its enforcement actions against unlicensed gambling operations, recently issuing cease-and-desist orders to two Panama-based betting sites. This latest move continues the regulator's aggressive stance against illegal operators, with 32 similar orders issued since the beginning of March. Following an anonymous tip, the MGCB investigated and subsequently ordered SportsBetting.ag and BetOnline.ag to halt their Michigan operations immediately. Both sites have been operating...

Major Regulatory Changes Loom for Sports Betting Markets 5q5p22

A wave of regulatory changes is sweeping across North American sports betting markets, with lawmakers in multiple jurisdictions proposing significant restrictions, tax increases, and new frameworks. These developments signal a shifting landscape for both bettors and operators as states reassess their approaches to sports wagering regulation. New York Targets High-Roller Bets with Strict Daily Limits New York could soon implement some of the nation's most restrictive sports betting regulations if...

March Madness 2025: Did the Beloved Bettor Event Pay Off for Sportsbooks? 4id3y

Even though most states don’t publish sports betting handle and revenue by sport, many studies have confirmed that March Madness is one of the most popular events among bettors. Before the tournament began, the American Gaming Association (AGA) estimated that Americans would legally wager around $3.1 billion. While full official numbers aren't yet available, early data from several states offers some interesting insights. "March Madness is one of the most...

Nebraska Takes First Step Toward Online Sports Betting Legalization 6b1h4o

Nebraska has moved one step closer to ing the growing list of states with legal online sports betting. The state Senate has approved legislation that could eventually put the question of online wagering in front of voters, signaling potential expansion in the Cornhusker State's gaming landscape. In a significant development for sports betting enthusiasts, Democratic Senator Eliot Bostar's legislation, LR20CA, ed with a 27-16 vote, with six senators abstaining. While...

Kansas Sports Betting: Future in Limbo Following Legislative Amendment l2g2g

Kansas' sports betting market is facing uncertain times following a surprising legislative move. A budget amendment ed by Kansas' House of Representatives has put the renewal of sports betting licenses on hold, sending ripples through the industry and raising questions about the market’s long-term stability. Legislative Shake-Up and Its Implications On the final day of Kansas’ legislative session, lawmakers approved a crucial amendment to state budget SB 125. This amendment...

Hawaii On the Brink of Legalizing Sports Betting 2x3g19

In a landmark decision, Hawaii’s Senate has taken a significant step toward legalizing sports betting and fantasy sports within the state. With a 15-10 vote, the proposed legislation now advances to the House for further amendments and discussions. The age of this bill would position Hawaii alongside most other US states that have embraced this increasingly popular form of entertainment and revenue. Legislative Progress and Industry Hawaii’s Senate approved...