GET DEMO

Daily Archives: May 24, 2024

May 24, 2024

State of the Union: A look back at the week that was in North America

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.

PA, MA issue fines

On 22 May the Pennsylvania Gaming Control Board announced that it had fined Wind Creek Bethlehem $125,000 (£98,089/€115,156) for allowing minors onto the gaming floor 10 times. The regulator wrote in a press release that the incidents occurred over a 20-month period and involved 11 people.

A day later, on 23 May, the Massachusetts Gaming Commission issued a $10,000 fine to Fanatics Sportsbook for allowing a bet to be placed on a Boston College team. A consumer placed a $50 futures bet on the Golden Eagles bowl game against SMU on 5 December 2023. Fanatics discovered the bet a day later and cancelled it. Betting on in-state college teams is not permitted in most cases in Massachusetts.

SI to exit Michigan by end of 2024

Michigan’s SI Sportsbook will exit the state by the end of the year,..

Read more

May 24, 2024

Delaware sports betting growth continues as expansion bill progresses

Delaware reported further year-on-year growth across sports betting handle and revenue in April, while a bill proposing plans to expand the state’s online market beyond its current monopoly has moved forward.

Introduced in April, House Bill 365 is seeking to open up the Delaware online market to more operators. This comes just months after the Delaware Lottery launched its first online sportsbook with Rush Street Interactive and BetRivers.

The Lottery’s sportsbook went live in January and has already had a marked improvement on the Delaware sports betting market. Monthly handle and revenue totals are higher, with this trend continuing into April.

Against this background of early success, lawmakers are already looking at ways to grow the market further.

At the centre of this is HB 365, which this week was assigned to the house appropriations committee. The bill had been assigned to the house administration committee upon its introduction in mid-April, but no further action was take..

Read more

May 24, 2024

Wagering tax hikes are all the rage. Will IL be next to approve? MA didn’t

Proposed sports betting tax hikes are quickly becoming the latest trend and Illinois lawmakers continue to wrangle over the issue.

So far, there’s no consensus, which means that the Illinois legislature will extend its session into the Memorial Day weekend.

Governor JB Pritzker earlier this year began pushing to increase the Illinois betting tax rate from 15% to 35%. Pritzker has argued that his state isn’t getting the kind of revenue that bigger states like New York (51% tax rate) and Pennsylvania (36% tax rate) are reaping.

A key difference, however, is that more-comparable Pennsylvania allows promotional deductions, making the effective tax rate 24%, according to Vixio. Illinois and New York do not allow for promo deductions. New York has the biggest competitive marketplace in the US and operators were willing to weather the high tax rate in exchange for the exposure. According to one industry group, at least some legal operators are in the red in Illinois.

Pritzker’s proposa..

Read more

Want To Keep Up To date with our latest news and information? Please enter your email address below to be added to our mailing list

Bookielink.com is operated by Intraseculink Ltd, Registration Number: HE356617, 176 Athalassas Avenue, Office 401, 2025, Strovolos, Nicosia, Cyprus. BLUEINIC B.V. with Registration number 140279 and registered address at Abraham Mendez Chumaceiro , Boulevard 50, is licensed under Antillephone N.V. ,holder of Gaming License #8048/JAZ of the Central Government of the Netherlands Antilles. BLUEINIC B.V. is licensed and regulated in virtue of license number #8048/JAZ2016-030 granted by the Government of Curaçao to BLUEINIC B.V. The license was issued on ‎08-06-2016.

Bookielink.com © 2025 All rights reserved.