DraftKings, FanDuel push back on new Illinois fees, while the NCAA settles lawsuits, agrees to $2.8B payout in major shift for college athlete compensation.
Category:
Industry News
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Illinois sportsbooks face another tax hike with new per-bet fees added to the existing tiered system, while DraftKings has walked away from a potential partnership with Las Vegas Sands on its Nassau Coliseum casino bid. With application deadlines nearing, Sands is still searching for a new partner for its NY project.
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Texas lawmakers rejected all gambling expansion efforts, stalling casino and sports betting legislation until at least 2028. Meanwhile, New York advanced Steve Cohen’s $8B Queens casino project, clearing key rezoning hurdles and moving it closer to potential licensing by the State Gaming Commission.
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Missouri delays sports betting launch to Dec. 1, missing football season. Elsewhere, New Jersey reignites the casino expansion debate voters shut down in 2016.
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Las Vegas Sands exits Nassau Coliseum bid over iGaming fears, while NY Assembly greenlights land swap for Steve Cohen’s Citi Field casino.
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Industry rumors suggest Bet365 may be up for sale. Meanwhile, the 151st Kentucky Derby set records, with $234.4M in wagering.
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Kalshi’s clash with regulators highlights legal uncertainty in sports betting markets, while South Carolina eyes reform with HB 3625 gaining momentum.
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Yonkers Mayor backs MGM’s $2B casino upgrade proposal ahead of downstate license awards. Meanwhile, Ohio lawmakers reject Governor DeWine’s bid to double sportsbook taxes, citing the need for more industry impact data following a recent hike from 10% to 20%.
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Penske Media eyes a Rolling Stone-themed Vegas casino, while Charles Barkley shows interest in owning a casino if Alabama legalizes them.
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Nebraska’s sports betting amendment advances, setting up a potential 2026 referendum for mobile wagering. Meanwhile, Westgate Las Vegas strengthens its presence in sports by partnering with the WNBA’s Las Vegas Aces. Get the latest updates on key developments in the gaming and betting industry.
