Sports betting

Illinois Sports Betting Tax Hike Triggers Market Drop and Industry Outcry

The online sports betting industry took a significant hit this week after Illinois lawmakers unexpectedly approved a budget that includes a steep new tax on individual wagers, sending shockwaves through Wall St...

Illinois Budget Passes with Significant Sports Betting Tax Hike

In a late-night vote just minutes before the constitutional deadline, Illinois lawmakers passed a $55.2 billion state budget that introduces sweeping changes to the taxation of sports wagering. The new fiscal p...

Veikkaus Unveils New Sportsbook Platform With OpenBet Partnership

Veikkaus, the state-run gambling operator in Finland, has launched its latest sports betting platform developed in collaboration with OpenBet. This move comes as part of the operator’s strategy to modernize its...

BetMGM Teams Up with Century Casinos for Missouri Sports Betting Launch

With Missouri’s legal sports betting market gearing up for its December 1 debut, BetMGM has officially secured entry into the state through a strategic alliance with Century Casinos, Inc. The collaboration give...

Louisiana House Passes Revised Bill to Raise Online Betting Tax

Louisiana lawmakers have taken a significant step toward restructuring the state’s online sports betting tax framework with the House’s passage of an amended version of House Bill 639. The legislation, introduc...

Maryland Finalizes 20% Tax Rate for Online Sports Betting

Online sportsbook operators in Maryland are now facing a steeper tax bill after Governor Wes Moore officially enacted a law increasing the tax rate for mobile sports betting platforms. The change, which raises ...

Kalshi Taps Elon Musk’s xAI to Power AI-Driven Market Predictions

Kalshi, the online prediction market known for enabling users to trade on real-world outcomes, is entering a strategic partnership with Elon Musk’s artificial intelligence venture, xAI. This collaboration aims ...

New Jersey’s April Gaming Report Shows Online Surge, Retail Struggles

New Jersey’s gaming market continued to shift online in April 2025, as internet casino platforms posted substantial gains while traditional casinos and sportsbooks experienced notable declines. According to the...

Missouri Confirms Sports Betting Start Date: Launch Set for December 1

Missourians eager to place legal sports bets will have to wait until December 1, 2025, as the Missouri Gaming Commission (MGC) confirmed the state will not meet any earlier launch timeline. Initially hoped to k...

Flutter Entertainment Acquires Majority Stake of Brazilian Operator NSX Group via $350M Deal

Flutter Entertainment, the global leader in online sports betting and iGaming, announced on May 14, 2025, the completion of its acquisition of a majority 56% stake in NSX Group, the operator behind the prominen...