When sports betting in New York was passed with a 51% tax rate, we knew it would lead to problems. Now, both DraftKings and FanDuel New York are saying they could abandon the market if that tax rate isn’t lowered to something more realistic. The CEO of DraftKings, Jason Robins, described the situation as “unsustainable” while speaking at a recent joint legislative hearing. He pointed out that while the tax rate is already the highest in the nation, it’s even worse than it appears since fees and licensing make the state’s effective tax more than 70%. The President of FanDuel,…

Sports betting has only been up and running in the state since January 1st, but already we’ve seen huge fines for DraftKings and Barstool Sports in Ohio. All together, the Ohio Casino Control Commission has collected $900,000 in fines just this year for a variety of violations. First, the fines for DraftKings stem from a direct mail campaign in the state which ended up being sent to some young adults under the legal gambling age. It seems that some of those on the list were not yet 21 years old. There were also violations for not including a problem gambling…

This week’s were talking about sports betting news with the Super Bowl just two weeks away. Our gambling news focuses on sports betting advertising and marketing, and the growing concerns that bonuses, free bets, and credit card use will lead to more gambling addiction. Hello friends, and welcome to This Week in Gambling. our last show before I take a week off and head to London for the International Casino Expo! So, this show had better be good! While I’m away, the Super Bowl will play! And FanDuel has seized this opportunity to put their name right in the middle…

The sports betting site Betr recently became the first American operator to ban credit cards for making gambling deposits. The use of credit cards for any form of gambling has been a point of contention between gamblers and industry opponents for years in the United Kingdom, and now Betr looks to be getting ahead of the curve here in the United States. For the past several months, This Week in Gambling has been generating sports betting headlines that warn of a potential backlash against the betting industry in this country. As gambling on sporting events continues to spread, and operators…

A new NBA app has rolled out, and it’s something that would have never been imagined just a few years ago. Build with their partners at Microsoft, this new app has a similar look, feel, and functionality of TikTok. But that’s not what all the buzz is about. This new app not only follows every game with personalized content, it actually embraces sports betting. Do you need to go back and read that again? It wasn’t all that long ago that professional sports leagues, like the NBA, were using every tool at their disposal to fight the expansion of betting…

September is here, and with Fall on the horizon it must be time for football. And this year, more Americans that ever will bet on NFL games, according to our friends at the American Gaming Association. They sampled Americans across the country about their betting plans for the upcoming season. Research from the AGA shows that 46.6 million adults in this country plan to make at least one wager on a game this year, which is up a modest 3% from last year. But growth is growth. And as more people become accustomed to gambling on mobile apps, that number…