Industry f666t

BetMGM Secures Landmark Partnership with WNBA’s Las Vegas Aces Through 2027 1v4a6k

In a significant move underscoring the surging popularity of women's sports, BetMGM has become the exclusive online casino and sportsbook partner of the WNBA champion Las Vegas Aces. The multi-year agreement extends through the 2027 WNBA season. This partnership marks BetMGM's first major collaboration with a women's professional sports franchise. As part of the deal, BetMGM branding will feature prominently throughout Michelob ULTRA Arena at Mandalay Bay Resort and Casino,... 3l2vk

Illinois to Tax Every Online Sports Bet Starting July 1 6b663z

In a last-minute move that’s riling major players in the sports betting world, Illinois lawmakers have approved a per-wager tax on all online sports bets. The new policy, pushed through on the final day of May as part of the state’s fiscal 2025 budget, is set to take effect on July 1, pending a formal signature from Governor J.B. Pritzker, which he has already promised. Under the new framework, sportsbooks...

Trump’s CFTC Nominee Pledges Full Divestment from Kalshi to Avoid Conflict i17j

Brian Quintenz, President Donald Trump's nominee to lead the Commodity Futures Trading Commission (CFTC), has formally committed to severing all financial and governance ties with prediction markets platform KalshiEx (Kalshi) should he be confirmed as Chairman. He noted that he holds with at least $3.4 million in assets in key industry groups. The move aims to quell potential conflict-of-interest concerns as Quintenz prepares to helm the agency regulating the very...

BetMGM Secures Key Entry into Missouri Sports Betting Market 1o5k4w

BetMGM has taken a major step toward expanding its U.S. footprint by securing market access in Missouri through a new partnership with Century Casinos. With the state set to launch regulated sports betting on December 1, BetMGM s a growing list of operators preparing to enter the Show-Me State. The agreement gives BetMGM — a t venture between MGM Resorts International and UK-based gaming giant Entain — the green light...

Tennessee Sports Betting Handle Rises 21.7% Year-on-Year in April 2fh3n

Tennessee’s sports betting market saw a solid uptick in April 2025, recording a 21.7% increase in total gross handle compared to the same month last year. Bettors in the Volunteer State staked $463.6 million during the month, significantly up from $380.9 million in April 2024, according to data from the Tennessee Sports Wagering Council. However, April’s numbers reflect a slowdown from March’s performance, when the handle reached $548.6 million. That’s...

PrizePicks Lands Partnership with World Series Champions Houston Astros 5l2w2n

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...

Underdog Fantasy Relaunches DFS Contests in New York After $17.5M Settlement 5c4b5a

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 454b1z

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 u5l2x

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 2d6s6p

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...