FanDuel has made a bid to join the Missouri sports betting market that is launching later this year.
The largest sportsbook in the country, which enjoys 43% of the US sports betting market, is seeking one of the two untethered licenses available in Missouri.
FanDuel joins its closest competitor, DraftKings (22% of US market), in applying for the standalone licenses ahead of the July 15 deadline.
Flutter Entertainment reached an agreement with Boyd Gaming Corporation to purchase the remaining 5% of FanDuel for about $1.8 billion.
The deal will put Dublin-based Flutter back in full control of FanDuel, the leading sports betting provider in America. The $1.8 billion fee also gives FanDuel an estimated total valuation of $31 billion.
Boyd said the transaction provided it with “tremendous unrealized value” from its initial investment, which came in 2018. The deal is expected to close in the third quarter.
San Diego State University announced this week the launch of a sports betting-focused academy.
The Institute on Sports Wagering and Gaming will fall under the school’s L. Robert Payne School of Hospitality and Tourism Management. It will involve several aspects of sports betting, including education, engagement, regulation, research, and behavior.
Just over one year after North Carolina launched its online sports betting market, the returns are significantly ahead of what was expected.
U.S. Rep. Dina Titus (D-NV) on Monday introduced a bill to counter the gambling deduction limits in President Donald Trump’s “Big Beautiful Bill.”
The proposal, known as the Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR BET Act), would restore the 100% allowance for gambling loss deductions on federal taxes. While that was standard in America, Trump’s new law lowered the amount to 90%.
The bill aligns with the fears of many professional gamblers and enthusiasts who feared that the change would make gambling unsustainable economically.
California Attorney General Rob Bonta wrote an opinion last week that said daily fantasy sports operators are in violation of the state’s gaming laws.
Bonta said DFS contests are illegal because they “involve betting on sporting events” in a state in which bans sports betting. Bonta released his opinion in response to a request from state Assemblyman Tom Lackey (R-34).
Both “draft-style” and “pick’em-style” DFS contests were mentioned as illegal violations of California law.
Major League Baseball is investigating Cleveland Guardians pitcher Luis Ortiz over irregularities connected to sports betting, ESPN reported last week.
Ortiz, 26, was placed on non-disciplinary leave last week and will be out through at least July 17. MLB insider Jeff Passan reported that the absence period was negotiated by the league and the players’ association.
President Donald Trump’s “One Big Beautiful Bill” could have huge consequences for the sports betting industry.
The Republican-backed legislation would limit deductions for gambling winnings to 90% of annual losses, meaning that a positive year could actually leave bettors in the red. Current laws allow gamblers to deduct 100% of betting losses below a net profit.
The Vegas Sports Information Network has expanded its radio reach to Charlotte, NC.
The Musburger Media-owned network has partnered with Charlotte-based WZGV-AM to launch a radio station exclusively offering sports betting content. Listeners will get up-to-date insights, analysis, and commentary on the world of sports and sports betting.
Charlotte is the nation's 21st-largest radio market, according to Radio Online.
Virginia had a terrific month of sports betting in May, with the latest Virginia Lottery revenue report reflecting significant year-over-year growth.
Legal sportsbooks in the Old Dominion increased their betting handle by 17.7% and adjusted gross revenue by 25.9% year-over-year. The 12.2% hold was also the highest in nearly three months.
All of that came despite handle at Virginia sportsbooks falling below $600 million for just the second month in 2025.