The gambling industry in the United States is highly developed. Cities like Las Vegas are famous for their large casinos, offering a wide variety of gambling options. Additionally, lotteries are also popular nationwide with a variety of types available. Furthermore, some regions also allow legal spo
Recently, the American horse racing and gambling operator Churchill Downs fought a beautiful legal battle in Michigan. The U.S. District Court for the Western District of Michigan made a summary judgment in favor of the company, permanently prohibiting the Michigan Gaming Control Board (MGCB) from e
Recently, DraftKings has run into trouble in several states in the US—a Michigan user, Michael Koester, has taken it to federal court, accusing the platform of "exploiting loopholes" in setting betting limits and not implementing the 24-hour cooling-off period mandated by various states. This class
New York State's sports betting market showed remarkable growth resilience at the end of 2025. After setting a monthly revenue record in November, December's performance remained strong, with total revenue for the two months exceeding $530 million, rounding off the year perfectly. The market structu
At the start of the new year, legislators from two important states on the East Coast of the United States—New York and Virginia—simultaneously reignited efforts to legalize online casinos (iGaming), introducing new bills. This is seen as a key signal for the expansion of iGaming in the US after a p
For the U.S. gambling industry, 2025 seems more like a "tightening of screws" rather than a "green light" year. At the federal level, multiple sports betting scandals have reignited reform discussions, while states are busy with two major issues: generally increasing sports betting tax rates to fill
Recently, the enterprise-level customer interaction platform Xtremepush completed a key acquisition, incorporating the US loyalty platform Scrimgage under its command. This strategic merger is not just a simple 1+1; it directly spawned the market's first unified platform that deeply integrates a rea
On January 5, 2026, the overall Hong Kong stock gambling sector was under pressure, but there was a clear "ice and fire" situation internally. Stocks such as Melco International Development and MGM China saw significant declines, while Galaxy Entertainment and Sands China displayed stronger resilien
Recently, the Hawthorne Race Course near Chicago was urgently ordered by the Illinois Racing Board to suspend all live racing and off-track betting operations over the weekend due to insufficient funds for the prize checks issued to horse owners for the second time. This sudden incident not only plu
At the rapidly evolving intersection of U.S. finance and gambling, the prediction market platform Kalshi is making waves with its unique "event contract" model. Users can "bet" on future events such as sports games and election outcomes, and the platform has easily surpassed the $1 billion mark in c
Recently, Major League Baseball (MLB) in the United States has introduced a new rule due to a scandal involving the manipulation of individual pitch outcomes, causing quite a stir in both the gambling and sports industries. Simply put, future bets on individual pitch outcomes, such as betting on pit
American gambling giant DraftKings has released its Q4 2025 results, which are quite impressive, with revenues reaching $1.52 billion, a 22% increase year-over-year, dazzling the market. This report not only exceeded expectations but also reaffirmed the pivotal role of sports betting in the US marke
Starting from 2026, sports betting players in Iowa, USA, will find that the amount they receive when collecting large profits is a bit different. According to Senate File No. 605 signed by Governor Kim Reynolds in 2025, the state will reform the income tax collection method for sports betting profit
Starting from 2026, gamblers in the United States may have to pay taxes on "phantom income" that they never actually earned. This stems from a federal tax reform passed last July, which changed the decades-old rule of full deduction of gambling losses to only allowing a deduction of 90% of profits.
As 2026 approaches, Las Vegas is busily preparing for a grand New Year's celebration. The local tourism board predicts that over 340,000 visitors will flood into this city that never sleeps to participate in the revelry event named "American Party 2026," with hotel bookings booming and prices soarin
Tennessee has recently taken tough measures to clean up dozens of online lottery casinos suspected of being illegal. The state's Attorney General, Jonathan Skrmetti, announced that nearly 40 platforms have received formal cease and desist letters, and these operators have agreed to restrict access t
Do you know how astonishing the data flow in the global betting market is? TxODDS has just released the "2025 Annual Betting Report" which provides the answer. In the past year, this professional data provider processed up to 31.1 billion odds updates, covering all 193 countries and time zones glob
