The federal government is considering a major adjustment to the taxation of sports betting that could significantly affect bettors and the broader gambling industry. A proposal to increase the excise tax on legal wagers from 0.25% to 5% has sparked …
The post Federal Sports Betting Tax Could Generate $97B first appeared on RealMoneyAction.com.
The Commodity Futures Trading Commission has initiated legal action against Arizona, Connecticut, and Illinois, asserting its exclusive authority over prediction markets. The lawsuits, filed in federal courts with support from the Department of Justice, target the governors …
The post CFTC Sues Arizona, Connecticut, Illinois over Prediction Markets first appeared on RealMoneyAction.com.
Kentucky’s legislature completed action on a major gambling measure Wednesday night, passing House Bill 904 after a series of late votes and procedural adjustments. The measure now moves to Governor Andy Beshear for consideration.
The Senate initially approved HB 904…
The post Late Push Sends Kentucky Gambling Bill Forward first appeared on RealMoneyAction.com.
Caesars Entertainment has broadened the availability of its online horse race wagering services by entering West Virginia and Wyoming. The move brings the company’s pari-mutuel horse racing platform to a total of 10 states.
Through the Caesars Racebook …
The post Caesars Racebook Expands to Ten US States first appeared on RealMoneyAction.com.
Texas lawmakers will examine the rapid expansion of prediction markets under a new set of interim priorities issued ahead of the next legislative session. Lieutenant Governor Dan Patrick directed the Senate State Affairs Committee to investigate what he described as …
The post Texas Targets Prediction Markets in New Agenda first appeared on RealMoneyAction.com.
The Michigan Gaming Control Board (MGCB) confirmed that FanDuel is authorized to provide multi-state internet poker to players in Michigan, Pennsylvania, and New Jersey, beginning April 1, 2026. This authorization allows Michigan residents to participate in …
The post FanDuel Cleared for Multi-State Online Poker in Michigan first appeared on RealMoneyAction.com.
The National Football League is taking a major step into professional flag football with a new partnership with TMRW Sports, aimed at creating a league for both men and women. The initiative comes as flag football gains international traction, …
The post NFL Launches Pro Flag Football League With TMRW first appeared on RealMoneyAction.com.
Washington has enacted new legislation that broadens the scope of sports betting on tribal lands, allowing wagers on collegiate athletics while introducing additional safeguards tied to how bets can be placed.
Governor Bob Ferguson signed the measure into law on …
The post Washington Expands Tribal Sports Betting To Colleges first appeared on RealMoneyAction.com.
The Iowa Senate has taken the first step toward regulating online prediction markets, passing an amended version of Senate File 2470 on Tuesday by a 45-1 vote. The legislation, now headed to the state House of Representatives, …
The post Iowa Senate Moves to Regulate Prediction Markets first appeared on RealMoneyAction.com.
Louisiana lawmakers have moved to broaden the state’s racketeering laws to cover certain gambling offenses. House Bill 53 (HB 53) passed the House Monday with an 86-11 vote, sending the legislation to the Senate for further consideration. The measure aims …
The post Louisiana Advances Bill Classifying Sweepstakes as Racketeering first appeared on RealMoneyAction.com.