Legal Sports Report

LegalSportsReport delves into several subjects related to online sports betting. However, we concentrate on a few key areas that form the core of our content.

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Missouri Sports Betting Could Benefit From New Illinois Tax

4 days ago | legalsportsreport.com | Matthew Waters

For years, Missouri has seen tax dollars leave its state as bettors crossed the borders into Illinois and other states with legal sports betting. But with Illinois’ new per-bet tax beginning at 25 cents, sportsbooks could start pushing customers in the other direction this year. Missouri sports betting does not begin until Dec. 1, as regulators chose the latest possible date to launch.
Analyst: Other States Could Copy New Illinois Sports Betting Tax

5 days ago | legalsportsreport.com | Sam McQuillan

A surprise Illinois sports betting tax hike could lead to sweeping changes beyond the state’s borders, according to Wall Street firms. Analysts say the new per-wager levy will force strategic adjustments from market leaders DraftKings and FanDuel that could affect betting behavior, pricing, promotions and lobbying priorities beyond the IL sports betting market, as other states consider similar changes.
Operator-Founded Responsible Gaming Group Issues VIP Guidelines

1 week ago | legalsportsreport.com | Sam McQuillan

The Responsible Online Gaming Association published its first set of guidelines for how sportsbook operators should run VIP programs in an effort to apply responsible gaming principles to a high-revenue segment under scrutiny. The recommended practices announced Thursday include behavioral monitoring, specialized host training, and a requirement that VIP customers confirm their understanding of available responsible gaming tools.
DraftKings Renews Meadowlark Media Content Partnership

1 week ago | legalsportsreport.com | Sam McQuillan

DraftKings has renewed its multiyear content partnership with Meadowlark Media, extending a relationship that began in 2021. DraftKings officially announced the deal Wednesday. It did not disclose financial terms of the renewal, however, the original deal was reportedly worth between $40 million and $50 million over three years. DraftKings was an early investor in Meadowlark, the media venture launched by former ESPN president John Skipper and longtime sports personality Dan Le Batard.
VGW To Pull Sweepstakes Casinos Out Of New York

1 week ago | legalsportsreport.com | Pat Evans

VGW, one of the largest online sweepstakes casino operators, will pull out of New York. VGW sent customers an email recently stating it will pull out of New York this summer. Sweepsy first reported the news. VGW is the parent to platforms Chumba Casino, LuckyLand Slots and Global Poker. The exit follows multiple other online sweepstakes casino operators, including High 5, in March. In the email to customers, VGW said it will allow users to acquire and use Sweepstakes Coins until June 2.
Ohio Online Casino Discussions Continue With House Hearing

1 week ago | legalsportsreport.com | Pat Evans

There was more Ohio online casino discussion this week, but a bumpy road remains ahead. Ohio legislators discussed Rep. Brian Stewart‘s House Bill 298 during a House Finance Committee meeting Tuesday. Stewart is the chair of the finance committee, and Tuesday’s hearing focused on proponents, while another hearing will focus on opponents. It is one of two bills in the legislature aiming to legalize online casino in the Buckeye State. Last week, Buckeye State senators discussed Senate Bill 197.
Penn Returns Volley, Disputes Multiple HG Vora Claims

1 week ago | legalsportsreport.com | Matthew Waters

Penn Entertainment pushed back against some of the key arguments HG Vora made in a lengthy filing last week. The two have been busy with proxy submissions leading up to the June 17 annual meeting. The current battle concerns the number of directors to be elected at the meeting, though HG Vora has been vocal about its disappointment in Penn’s online sports betting strategy and its ESPN Bet partnership since January.
Should Growing Competition Hasten California Sports Betting Timeline?

1 week ago | legalsportsreport.com | Matthew Waters

When California sports betting was soundly defeated at voting booth in 2022, tribes were confident they controlled when online sports betting would launch. That is certainly true in the form of regulated, traditional online sports betting operators. New forms of competition are helping fill the void, though, leaving some to wonder if the California sports betting push needs to happen sooner than planned.
BetMGM Finds Missouri Sports Betting Entry Point

1 week ago | legalsportsreport.com | Pat Evans

BetMGM has its entry point into the Missouri sports betting market ahead of the December launch target. Century Casinos announced Tuesday it has partnered with BetMGM for the upcoming Missouri sports betting market. “We are excited to partner with BetMGM, a leading online sports betting and gaming entertainment company with a dynamic and innovative brand” Erwin Haitzmann and Peter Hoetzinger, co-CEOs of Century Casinos, said in the release.
Snowden, Penn Director Buy The Dip Following Latest HG Vora Blast

1 week ago | legalsportsreport.com | Matthew Waters

Penn Entertainment CEO Jay Snowden and a company director jumped on PENN shares Thursday, buying the dip that came after the latest HG Vora report. The frustrated shareholder submitted a 116-page presentation to fellow Penn shareholders Wednesday that thoroughly details Penn’s past five-plus years since it partnered with Barstool Sportsbook, which kicked off the company’s push into online sports betting. Penn’s share price closed at $14.20 on Wednesday, down 6.6% from Tuesday‘s close.