sports betting
NFL games have become some of the top events for sports betting, taking in a revenue of more than $11 billion since January of this year. So, for the money that New York State collects in taxes from sports betting companies, where does the money go? A lot of the money goes to funding education. […]
The explosion of online sports betting is taking a toll on personal finances, particularly among those who are financially distressed. That’s the conclusion of a recent paper, “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households.” The authors found that sports betting has exploded since the Supreme Court overturned a federal law prohibiting it in 2018. […]
More and more people are putting money on the game, or games. Online sports-betting company DraftKings Inc. posted higher-than-expected revenue for the start of this year’s football season. The company reported revenue of $502 million for the three-month period ended Sept. 30, more than double its revenue in the same period last year. Click Here To […]
Nicki Minaj + Maxium = Sports betting. Maxim is now getting into the sports gambling arena, and announced Nicki Minaj as “the First Lady of Sports Betting”. Nicki’s new role as Global Ambassador of MaximBet will also include the role of Advisor to the Board of Directors and is an investor and stakeholder. Also part […]
With the start of March Madness college basketball championship tournament starting this week. The gambling industry’s national trade group predicts, wager will estimated $3.1 billion this year. That figure includes legal bets as well as those placed with illegal bookies or offshore websites, the American Gaming Association (AGA) said in a new report. An estimated […]
It has only been one month since New York State has legalized mobile sports betting and it has become evident that it rakes in the money. In the month of January, New York brought in $1.6 billion in bets and since New York State collects a 51% tax on overall revenue from mobile sports betting, […]
As the Super Bowl vastly approaches, New York Attorney General Letitia James warns New Yorkers of online sports betting scams. NY AG James says New Yorkers have been flooded with ads on social media and streaming sites, promising anything from risk-free bets and monetary or credit welcome offers. AG James spoke on the matter, stating: […]
New Yorkers placed more than $1.1 billion in online sports bets in less than a month in January. The $1.1 billion represents wagers placed in New York during the first three weeks of January, according to data from the state’s gaming commission. It doesn’t account for bets placed from the last week of January, which […]
If you didn’t hear about some of the new laws in New York for 2022, one of them happened to be the approval of online sports better. Yesterday, The New York State Gaming Commission announced that Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive can accept wagers beginning Saturday, January 8th at 9 am. These […]
Cheers to the new year! And what does a new year mean? Some new laws. From sports betting to Styrofoam, there are several laws that could impact your everyday life. Here are some of the following: On December 31, the minimum wage increases to $13.20 from $12.50 as part of New York States’ plan to […]