After the Illinois legislature passed the fiscal year 2025 budget, which includes a new sports betting tax, stocks of sports betting companies such as DraftKings, Flutter, and MGM significantly dropped on Monday, with the market reacting strongly to this new policy.The new budget includes a key prov
The Illinois legislature recently passed a new bill unexpectedly that raises the tax on sports betting, shocking the industry. This tax increase aims to fill a huge budget deficit, but it could impose a heavy burden on large sports betting companies and prompt them to consider new business models t
It’s a challenge for sports betting operators to keep up with the ever-changing regulatory and tax landscape across the U.S. that shows no signs of slowing.The subject of the states altering their tax and regulatory policies that operators were counting on when they set up shop in their jurisdiction
The US state of Indiana has recorded a 29 per cent year-on-year jump in sports betting revenue for September. Revenue jumped from US$41.1m in September 2023 to $53m in the latest reporting period. Month-on-month, revenue climbed 65.2 per cent from August’s $32.1m. Sports betting handle in Indiana
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