sports betting

Flutter Rejects Betting Surcharge But Asserts High Taxes Help Offshore Market

FanDuel stated it would not follow DraftKings' proposed sports betting surcharge, but cautioned that high taxes fuel the black market.

Illinois Bettors Won’t See A Betting Surcharge From DraftKings

Hours after Flutter (FanDuel) stated that it wouldn't employ a betting surcharge in high tax states, DraftKings reversed course.

Revenue From DraftKings Surcharge Could Top Other Operators’ Entire Operations

The DraftKings surcharge could lead to massive revenue - more revenue than some sportsbooks' entire operations, says industry analysts EKG.

DraftKings Announces Q2 Revenue Spike, New Gaming Fee In States Including Illinois

DraftKings reported a 26% increase in quarterly revenue and unveiled a plan for a new gaming tax surcharge in Illinois and three other states.

Quick-Acting Fan Takes Advantage Of Chicago Bulls’ 1901 Project URL Blunder

The Chicago Bulls tweeted about a $7B plan for the area around the United Center but failed buy the relevant URL—and a fan snapped it up.

Tier 2 Sports Betting Surpassed Tier 1 Betting In Illinois Over Past 12 Months

In the 12 months from May 2023 to April 2024, Tier 2 sports betting handle in Illinois, despite its restrictions, surpassed Tier 1 betting.

Illinois’ New Graduated Tax Rate Is Second Highest Behind New York

New Illinois graduated sports betting tax rate takes effect, pushing FanDuel and DraftKings to 40% Threshold.

Blackhawks To Wear Circa Sports Logo On Home Jerseys Next Season

Chicago Blackhawks jerseys to feature Circa Sports Logo starting at this week's NHL draft and continuing into the 2024-25 Season.

Seven Sportsbooks Have Licenses Renewed But Brace For A Ban On In-State College Betting

Illinois sportsbook operators including DraftKings and FanDuel obtain license renewals but face a looming ban on college sports betting.