Arizona could soon join a growing group of U.S. states seeking higher returns from legalized sports betting. Governor Katie Hobbs has proposed a significant increase to the state’s sportsbook tax rate as part of her $17.7 billion executive budget, …
The post Arizona Proposal Targets Large Sportsbooks With 45% Tax Rate first appeared on RealMoneyAction.com.
On Super Bowl Sunday, a seemingly ordinary Iowa exit ramp near Council Bluffs was crowded with cars from Nebraska. Drivers stayed inside their vehicles, phones in hand, while no businesses or services were nearby. The unusual scene reflects the …
The post Nebraskans Flock to Iowa Exit Ramp for Legal Sports Betting first appeared on RealMoneyAction.com.
Massachusetts secured a legal win last week when Suffolk County Superior Court Judge Christopher Barry-Smith denied Kalshi’s emergency request to maintain access to its sports event contracts in the state. The ruling requires Kalshi to block Massachusetts users from these …
The post Massachusetts Blocks Kalshi’s Sports Contracts, Polymarket Challenges first appeared on RealMoneyAction.com.
Illinois gaming regulators have intensified enforcement against unlicensed online gambling by issuing more than 60 cease-and-desist letters to operators accused of violating state law. The Illinois Gaming Board, working with the Attorney General’s Office, targets online casino platforms and sweepstakes-style …
The post Illinois Steps Up Enforcement Against Illegal Online Gambling first appeared on RealMoneyAction.com.
As Super Bowl LX approaches, new research indicates the event will generate heavy wagering activity across North America, with a significant share of participants expected to place their first sports bet. Payments firm Paysafe has released findings outlining how …
The post Paysafe Forecasts Strong Betting Demand For Super Bowl LX first appeared on RealMoneyAction.com.
The UK Gambling Commission has outlined how prediction markets would be treated under gambling law in Great Britain, responding to growing interest driven by their rapid expansion in the United States. The clarification addresses questions from operators and …
The post UK Regulator Sets Out Stance On Prediction Markets first appeared on RealMoneyAction.com.
The Social Gaming Leadership Alliance (SGLA) has responded to recent regulatory developments in Illinois and Maryland, warning that proposed restrictions on Social Plus and sweepstakes-style games could weaken consumer safeguards and drive compliant operators out of regulated markets.
In …
The post SGLA Addresses State Actions On Social Plus Gaming Rules first appeared on RealMoneyAction.com.
A proposed class action filed on Feb. 3 in the U.S. District Court for the Southern District of Ohio alleges that Stake.us operates an unlawful online casino while presenting itself as a permitted sweepstakes platform. The lawsuit, brought by …
The post Ohio Lawsuit Challenges Legality Of Stake.us Operations first appeared on RealMoneyAction.com.
BetMGM reported better-than-expected results for fiscal year 2025, pointing to gains in online sports betting and iGaming as the company reached sustained profitability. The operator said a full year of strategic execution improved revenue, margins, and cash flow.
For …
The post BetMGM Posts Record FY 2025 Results, Raises Outlook first appeared on RealMoneyAction.com.
Virginia lawmakers moved closer to approving online casino gambling this month after advancing companion bills in both chambers, though sharp political divisions remain. House Bill 161 and Senate Bill 118 would establish a regulated iGaming market overseen by the Virginia …
The post Virginia Bills Move State Closer To Legal Online Casinos first appeared on RealMoneyAction.com.