New guidance from the Internal Revenue Service says that the federal excise tax on sports betting could also apply to daily fantasy sports.
After Indiana sports betting fell more than 20% in June, the state’s sports betting handle bounced back from the June drop by doubling in July.
DraftKings have started offering sports betting services in Illinois. The company partnered with the Casino Queen located in East St. Louis. William Hill started offering its services in the state as well and they will soon start offering mobile betting as well.
It has been reported that 119 William Hill venues will not reopen at all. The company has seen increased profit in the first half of 2020. Despite the fact that the company is facing certain challenges in the UK, it embarks on a new and exciting journey in the US.
The Senate of Massachusetts strips sports betting initiative from the economic development bill, while Michigan continues to grow the iGaming market opportunities.
Two months after the state was releasing revenue figures without sports betting, Nevada reported a revenue loss for June.
Players in Illinois who want to wager online will have to register their accounts for online sports betting in-person.
New US legislation outlines the possibility to cut off sports bets excise taxes and annual employee taxes.