Legal Sports Report: 50 AGs Ask DOJ To Fight Illegal Online Casino, Sports Betting Sites
In a letter sent on Monday, fifty attorneys general asked the Department of Justice to help states curb the “rampant spread” of illegal online casino and sports betting sites. The letter cites an American Gaming Association report from November 2022 that estimated around $400 billion in illegal online casino and sports betting handle annually, translating to nearly $5 billion in lost tax revenue.
Legal Sports Report: Sportradar Raises Outlook As US Betting Drives Record Q2
Sportradar raised its 2025 outlook after posting record second-quarter revenue and double-digit growth in its core US market and managed trading business. Management attributed the gains to increased adoption of Sportradar’s AI-powered live betting products and managed trading services and deeper integrations with sportsbooks and leagues.
Bonus: MGM and Caesars Expect $300M in Tax Savings Via One Big Beautiful Bill
In recent earnings calls, MGM Resorts and Caesars Entertainment confirmed that the sweeping federal tax reform, controversial for its cap on gambling loss deductions, could save them a combined $300 million. Both operators hinted at using the extra cash for investments, shareholder value returns, and expansion opportunities, including tech upgrades and possible acquisitions.
PlayMichigan: DraftKings Introduces Early Exit Program to Protect Gamblers from Player Injuries
DraftKings is going to bat for gamblers who bet on a player who leaves a game early because of injury. The operator has announced the Early Exit Program. While sportsbooks in the past have refunded bettors on a case-by-case basis, DraftKings has laid out an entire program surrounding an injured player exiting a game.
In Game: Banning Pro Props In Ohio Won’t Stop Match Fixing But Will Imperil Bettors
Ohio Gov. Mike DeWine called for a ban on professional player prop bets on July 31. That ask, however, could be contrary to DeWine’s end game of a safe, regulated market. John Pappas, state advocacy director for the iDevelopment Economic Association (iDEA), commented, “An outright ban on prop bets may sound like a quick fix, but it misses the point.”
Cleveland.com: Ohio lawmaker vows to protect ‘prop bets’ despite DeWine’s push to ban them
While Gov. Mike DeWine calls on state gambling regulators to ban “proposition bets” on individual pro sports players’ on-field performances, one key state lawmaker says he’ll work to thwart such an effort.
