Missouri's first month of legal sports betting saw $543 million in wagers but only $521,200 in tax revenue. Sportsbooks gave away $125 million in promos and posted negative adjusted gross revenue.

A new PBS investigation examines how sports betting is changing brain chemistry and behavior. As degenerates, we already knew this. Here's what the science actually says.

Aundre Harris Jr., 18, was fatally shot in the Bally's Casino Kansas City parking lot after a disturbance inside the casino. A suspect is in custody.

Kalshi's app was downloaded over 3 million times in January 2026, more than DraftKings or FanDuel have ever done in a single month. Prediction markets are eating sports betting alive.

Nevada gaming win hit $1.44B in December but the Strip fell 6% to $827.7M. Baccarat cratered 21%. Meanwhile, locals casinos are absolutely thriving.

New FEC filings reveal DraftKings and FanDuel have poured millions into 2026 midterm Super PACs, tilted toward Republicans, to fight regulation.

The IBIA's 2025 report shows 300 suspicious betting alerts worldwide, up 29% from 2024, with football and tennis leading the corruption charts.

BetMGM crushed expectations in 2025 and projects $3.1-3.2 billion in revenue for 2026. The sportsbook is finally returning cash to its parent companies.

Hawaii lawmakers introduced SB 3303 to legalize mobile sports betting in one of the last two states with no gambling. A 15% tax rate and December 2026 launch target.

South Carolina becomes the first state to schedule a sports betting hearing in 2026. Bill S.444 proposes 18+ age limit and 12.5% tax rate for online wagering.

Nevada and Connecticut are leading a multi-state assault on prediction markets. A February 12 hearing in Connecticut could determine the future of betting on everything.

Ontario's regulated online gambling market has generated over $10 billion in total revenue since launching in April 2022. December 2025 set a new monthly record.

Virginia HB161 would legalize online casinos with up to 15 platforms, a 15% tax rate, and a ban on sweepstakes casinos. The bill has cleared its first hurdle.

A new survey finds Mississippi voters oppose online casinos and mobile sports betting expansion. The Magnolia State may stay casino-only for the foreseeable future.

FanDuel and DraftKings are bringing Super Bowl combo bets to states without legal sports betting through their prediction market platforms. CME filed for approval this week.

A Venice, Florida arcade was running an illegal gambling operation with 66 slot machines. Deputies arrested the operator after a cease-and-desist was ignored.

Rep. Matt Hatchett reintroduced HB 910 to legalize online sports betting in Georgia. Seven years of trying, still no dice. Will 2026 be different?

A new Common Sense Media report finds more than a third of boys ages 11-17 have gambled in the past year. Experts warn of a potential mental health crisis.

The prediction market leader is drowning in class action lawsuits alleging it operates an unlicensed gambling platform. Here's what's happening.

New details emerge in the NCAA basketball point-shaving case. Prosecutors say 39 players across 17 Division I programs were recruited to fix games.

New details emerge from the NCAA basketball fixing scandal. Five fixers recruited 39 players across 17 schools, paying bribes to manipulate spreads and props.

A new Pew survey shows public opinion shifting against legal sports betting. That's up from 34% in 2022. The honeymoon phase might be over.

Wisconsin lawmakers are close to legalizing mobile sports betting through tribal partnerships. An Assembly vote is expected within weeks—but DraftKings and FanDuel won't be happy.

Danny Funt's new book examines America's sports betting explosion and argues the house always wins. The author makes some points. We're still degenerates.

The Volunteer State says prediction markets are illegal gambling. Kalshi, Polymarket, and Crypto.com have until month's end to stop serving Tennessee residents.

Starting in 2026, gamblers can only deduct 90% of losses against winnings on federal taxes. Someone who wins and loses $100K owes taxes on $10K in phantom income.

Federal prosecutors charged 26 people for fixing 29+ NCAA basketball games involving 39 players across 17 schools. The NCAA is now pushing states to ban college prop bets.

Assembly Bill 601 would let Wisconsin tribes offer online sports betting. The bill nearly passed last year and is expected to return in 2026. The Packers, Bucks, and Brewers all support it.

DraftKings Predictions did $120 million in trading volume in its first month. FanDuel launched through CME. The prediction market war is heating up.

Macquarie analysts say both sportsbooks held better than expected in Q4 and should beat earnings estimates. FanDuel held 12.1% vs 10.9% guidance.

New York's sports betting handle hit $26.3B in 2025, up 16% from 2024. The Empire State now accounts for 17.5% of all US sports betting.

Which states will legalize sports betting in 2026? Hawaii leads the pack, Wisconsin and Georgia have paths, but analysts are bearish overall.

The gambling giant's revenue grew 9% to £4 billion but operating profit fell from £116 million to a £43 million loss. US expansion and regulatory costs bite hard.

HB910 would let the Georgia Lottery regulate sports betting at a 25% tax rate. But with key proponents resigned, the bill's chances are slim.

The Tar Heel State's first full year of legal sports betting saw $7.27 billion in handle and over $132 million in tax revenue.

The new tax law caps gambling loss deductions at 90% of winnings. If you won $100K and lost $100K, you now owe taxes on $10K.

New York lawmakers reintroduced online casino legislation this month. The 30.5% tax rate is lower than sports betting but higher than most iGaming states.

Federal prosecutors charged 26 people in a sweeping point-shaving scheme involving 39 players across 17 schools. The biggest scandal since 1951 just dropped.

A new Harvard study finds public opinion shifting against legal sports betting as scandals pile up. The FBI's college basketball bust isn't helping.

FanDuel's prediction market platform launched nationwide Thursday, offering sports contracts in 18 states including California and Texas. The gambling wars just went nuclear.

After a $10.5 million fine for money laundering violations, Resorts World appeared before Nevada regulators this week. The Strip casino is attempting to rebuild trust and move forward.

More than 20 state legislatures are in session this week with Georgia making another push for sports betting legalization in its 8th straight year.

Las Vegas slot maker Light & Wonder will pay $127.5 million to Aristocrat after admitting its Dragon Train games used stolen trade secrets.

The 'One Big Beautiful Bill' capped gambling loss deductions at 90%, meaning you'll owe taxes on phantom winnings. But the $2K slot threshold helps.

Rush Street Interactive hikes minimum wager for second time in a year as Illinois per-bet tax drives 32% decline in betting volume.

Tennessee regulators order Kalshi, Polymarket, and Crypto.com to stop offering sports-related prediction contracts to state residents by month's end.

Senator Addabbo introduces online casino bill with 30.5% tax rate and $2M license fees. Fourth consecutive year pushing iGaming in Albany.

Kalshi, Robinhood, and Crypto.com battle state regulators in courts across America. Is sports event trading gambling or derivatives? 2026 will decide.

FanDuel quietly ended its injury refund program for the NFL postseason while DraftKings and Fanatics keep theirs running. Time to switch books?

A new Harvard study shows public opinion turning against legal sports betting, with 43% of Americans calling it a bad thing for society. The vibes are shifting.

John Acres, the inventor of player tracking and progressive jackpots, called out Vegas casinos for nickel-and-diming customers. He's got a point.

A New York bill would eliminate in-play sports betting statewide, killing roughly half of all sportsbook handle. The offshore books are licking their chops.

Alabama residents have filed 21 new lawsuits against sweepstakes casinos this week, bringing the total past 40. Players want their losses back.

A federal lawsuit accuses Drake, Adin Ross, and Stake.us of running an illegal gambling operation and using the platform to inflate music streaming numbers.

A lawsuit using the 1710 Statute of Anne could force FanDuel, DraftKings, and BetMGM to refund $300 million in gambling losses. Yes, a 300-year-old law.

Governor Janet Mills lets tribal iGaming bill become law, making Maine the eighth state with legal online casinos. Tribes get exclusive rights, regulators furious.

The big sportsbooks aren't taking Chicago's new betting tax lying down. They've filed suit claiming the city overstepped its authority. This could get messy.

New tax law caps gambling loss deductions at 90% of winnings. If you're a high-volume bettor, the IRS just made your life significantly worse.

The new 90% gambling loss deduction rule means even if you break even, you owe taxes. A player winning $10K and losing $10K now pays taxes on $1K of 'phantom' income.

Assembly Bill A9343 would eliminate in-play betting in NY, potentially costing the state billions. Here's what degenerates need to know.

Nevada casinos won $1.34 billion last month as Strip occupancy dropped again. What happens when fewer people gamble more?

The two biggest sportsbook operators have officially resigned from the American Gaming Association as prediction markets create an industry rift.

Two major gambling tax changes take effect January 1: the slot jackpot reporting threshold rises to $2,000, and gambling loss deductions drop to 90%.

DraftKings, FanDuel and three other major operators file lawsuit seeking to stop Chicago's new sports betting tax from taking effect January 1.

The battle over sports event contracts is escalating. With 20+ lawsuits pending against Kalshi and competitors, the fight is likely headed to the nation's highest court.

The books crushed recreational bettors in 2025. Six months had hold rates above 10%. The median hold was 56% higher than industry standard. The house always wins.

Vegas tourism took a significant hit this year with visitor numbers down 6% from 2024. High prices, changing habits, and economic headwinds are forcing the Strip to reconsider its strategy.

A new Pew Research poll shows public opinion turning against legal sports betting. Up from 34% in 2022, nearly half of Americans now view the industry negatively.

The year in gambling had clear victors and casualties. Prediction markets took over, traditional sportsbooks scrambled, and ESPN Bet couldn't even make it two years.

Four major Strip casinos — Resorts World, MGM, Wynn, and Caesars — were slapped with anti-money laundering fines totaling over $32 million. The regulators weren't playing around.

FanDuel just launched its prediction markets app in Alabama, Alaska, North Dakota, South Dakota, and South Carolina. DraftKings has competition now.

The One Big Beautiful Bill Act cuts your gambling loss deduction from 100% to 90%, creating taxable 'phantom income' starting in 2026. Here's what it means.

Hawaii's senator is pushing to regulate prop betting at the federal level after the Rozier and Guardians scandals. The feds are finally paying attention.

Rozier's attorneys argue the feds overreached with wire fraud charges, citing Supreme Court precedent. The case could reshape sports betting prosecutions.

Derek Stevens, Bill Hornbuckle, Tom Reeg, and Craig Billings met with lawmakers to push for restoring the full gambling loss deduction. The industry is unified.

From the Guardians pitch-rigging scandal to the prediction market wars, 2025 has been a transformative year for the gambling industry. Here's the full recap.

No more running to the ATM at 3 AM. Koin just partnered with ECL Gaming to bring cashless slot play to over three dozen Vegas locations.

Fish tables, illegal slot machines, and multiple arrests. The feds just shut down a major illegal gambling operation in Jacksonville.

DraftKings just dropped their prediction markets app. Sports betting in non-legal states. Finance trades everywhere. The game just changed.

520,000 accounts. 18.5 million geolocation checks. 43,000 bettors at Arrowhead. Missouri's sports betting launch was an absolute banger.

ESPN BET is dead. Penn Entertainment rebranded to theScore Bet. ESPN partnered with DraftKings. The $2 billion deal lasted just 2 years.

The two biggest sportsbooks in America just walked away from Vegas and the AGA. The prediction markets war is reshaping the entire industry.

The stock trading app is now letting you bet parlays on NFL games. DraftKings and FanDuel are shaking. States are suing. Chaos reigns.