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Zach Wolpin

Sports Editor

Articles by Zach Wolpin (145)

Tennessee collected $87.6 million in the first 12 months of their taxing sports betting handle

Last year, the Tennessee legislature made changes in their method of taxation for sports betting. Instead of their traditional nationwide levy on sports betting operators, Tennessee will offer taxation based on handle starting in the 2023-24 fiscal year. Twelve months later, the Tennessee Sports Wagering Council (SWC) reported $87.6 million in state taxes for the […]

Zach Wolpin  •  12 Jul 2024
Betway’s parent company, Super Group, will be leaving the U.S. sports betting marketplace

On Wednesday, Super Group announced they will be leaving the U.S. sports betting marketplace to focus on Internet casino gaming in New Jersey and Pennsylvania. Super Group is the parent company of Betway, which currently currently offering mobile sports betting in nine states. New Jersey and Pennsylvania are the only two where Betway offers in-person […]

Zach Wolpin  •  11 Jul 2024
Tennessee online sports betting operator ZenSports is facing scrutiny

In Tennessee, online sports betting operator ZenSports is facing scrutiny for a recent regulatory fine and allegedly limiting a high-stakes bettor. ZenSports received a $60,000 fine from the Tennessee Sports Wagering Council (SWC) for having insufficient funds in their reserve account needed to cover winning bets. The SWC is the sports betting regulator in Tennessee. […]

Zach Wolpin  •  11 Jul 2024
In May, Illinois sportsbooks claimed $100.9 million in adjusted gross sports betting revenue

On Monday, the Illinois Gaming Board announced $100.9 million in adjusted gross sports betting revenue. FanDuel has been the most profitable operator in Illinois as they’ve hammered the public with parlays and same-game parlays. Additionally, the Land of Lincoln extended its streak of $1 billion handles for the ninth month. In May, sportsbooks accepted $1.02 […]

Zach Wolpin  •  10 Jul 2024
The New York Racing Association announced a ‘contractual’ impasse’ with FanDuel

A recent contract dispute between two top horse betting entities is preventing gamblers from wagering on New York racing through FanDuel applications. That’s because the New York Racing Association (NYRA) announced a “contractual impasse” with FanDuel last Thursday. The Empire State’s highly popular summer racing session is set to begin this week. However, NYRA content […]

Zach Wolpin  •  10 Jul 2024
In the post-PASPA era, New York sportsbooks have exceeded $4 billion in total revenue

Last month, the New York Gaming Commission reported $134.2 million in operator winnings for June. That put them over $4 billion in revenue in the post-PASPA era. They’re the first state to do that. New York was able to beat New Jersey to that accomplishment despite trailing by $4.84 billion in the handle. Sportsbooks in […]

Zach Wolpin  •  09 Jul 2024
DraftKings was fined $100,000 by the NJDGE for incorrect sports betting revenue reports

In June, the New Jersey Division of Gaming Enforcement fined DraftKings $100,000. According to reports, they caused licensee Resorts Digital to file inaccurate monthly sports betting revenue reports to the state agency. This happened over four months from December to March. Last Friday, NJDGE interim director Mary Jo Flaherty publicly released the four-page letter they […]

Zach Wolpin  •  09 Jul 2024
BetRivers continues to have a monopoly on Delaware Sports Betting

In Delaware, there has been a push for the state to expand its sports betting market. Despite interest, lawmakers have left the proposal on the table in 2024. Last week, their legislative session ended without discussing whether Delware’s sports betting market would expand. Currently, the betting market in the First State is controlled by the […]

Zach Wolpin  •  08 Jul 2024
Bally Bet has officially launched in Massachusetts and is part of the sports betting market

On Monday, the Massachusetts Gaming Commission approved a certificate of operations for Bally Bet during a meeting. They will now be the 7th legalized sports betting app in the state. Their launch comes roughly 16 months after most other legal sports betting apps were introduced in Massachusetts. In the Bay State, there are now seven […]

Zach Wolpin  •  02 Jul 2024
In May, Virginia Sportsbooks stunned the public with $60 million in revenue

For May 2024, the Virginia Lottery reported nearly $60 million in gross sports betting revenue. Sportsbook operators had an 11.9% hold on the market. Additionally, revenue was up 24.6% compared to May 2023. That was slightly less than the 25.2% increase in the handle to $505.6 million. Their $60 million in gross sports betting revenue […]

Zach Wolpin  •  02 Jul 2024