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.
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.
The Mega Millions jackpot grew to $346 million for Friday's drawing after no one hit the $323 million prize Tuesday. Cash option sits at $156 million.
The Powerball jackpot sits at $80 million for Wednesday night's drawing after no winner Monday. Two players from Louisiana and Texas won $1 million matching five numbers.
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.
The Mega Millions jackpot has climbed to $323 million for Tuesday night's drawing. Cash option sits at $145.7 million. Here's everything you need to know.
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.
The Powerball jackpot rises to $65 million for Monday's February 2 drawing with a cash option of $29.4 million. No winner in Saturday's drawing.
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.
No winner Friday night means the Mega Millions jackpot climbs to $323 million for Tuesday's drawing. The cash option sits at $145 million.
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.
The Powerball jackpot sits at $57 million with a cash option of $25.8 million for Saturday's drawing after no winner Wednesday night.
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.
The Mega Millions jackpot climbs to $303 million for Friday's drawing after nobody matched all six numbers Tuesday night.
No ticket matched all six numbers Tuesday night. The jackpot rolls to an estimated $310 million for Friday's drawing. The winning numbers were 30, 42, 49, 53, 66, Mega Ball 4.
Nobody hit Saturday's jackpot, so the pot rolls to $285 million with a $128.6 million cash option. Tonight's numbers drop at 11 PM ET.
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.
Back in August, someone dropped $50,000 on the Seahawks at 60-1. They're one game away from cashing nearly $3 million. This is why we play.
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.
Another Las Vegas Strip poker room is closing its doors. The felt keeps disappearing as casinos prioritize slots and table games over poker.
Somebody in North Carolina claimed the $209.3 million jackpot last week. The reset means tonight's drawing is a 'small' $30 million. Time to rebuild the dream.
Nobody matched all six Saturday. The jackpot rolls to $285 million with a $128.6 million cash option for Tuesday night's drawing.
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.
DraftKings Predictions did $120 million in trading volume in its first month. FanDuel launched through CME. The prediction market war is heating up.
No winner Monday means the jackpot rolls to $209 million with a $95.2 million cash option. Two players hit $1 million in Saturday's drawing.
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.
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.
John Acres, the inventor of player tracking and progressive jackpots, called out Vegas casinos for nickel-and-diming customers. He's got a point.
Nobody matched Friday's Mega Millions numbers, pushing Tuesday's jackpot to $199 million. The cash option sits at $90.5 million. Hope springs eternal.
First-time Pai Gow player draws a seven-card straight flush in diamonds at Palms Las Vegas, walking away with $576,540. We should all be so lucky.
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.
Nobody hit Wednesday's Powerball, so Saturday's jackpot swells to $124 million. One Delaware player did turn $4 into $2 million with the Power Play.
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 first big lottery drawing of 2026 is here. $180 million on the line, $81 million cash option. Someone's year is about to change forever.
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.
No winner Friday means the jackpot keeps growing. Tuesday's drawing offers $180 million with an $81 million cash option. The dream lives.
No winner on New Year's Eve pushes the Powerball jackpot to $64 million for Saturday's drawing. Here's what you need to know.
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%.
From a $940K Spanish 21 hit at Mohegan Sun to Thunder Valley's Christmas Day slot winner, here's who got lucky during the holidays.
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.
The lottery never sleeps. After nobody hit Friday's drawing, the Mega Millions jackpot grows to $138 million for Tuesday's draw. The dream machine keeps churning.
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.
After the $1.817 billion Arkansas winner on Christmas Eve, tonight's Powerball drawing starts the climb back up. The cycle of hope continues.
45 drawings without a winner. Back-to-back billion-dollar jackpots. Tonight's Powerball is the stuff degen dreams are made of. Get your tickets.
44 drawings without a winner. The second billion-dollar jackpot this year. Tomorrow's drawing could change someone's life forever. Probably not yours, but maybe.
41 drawings without a winner, about to break the drought record, and the first back-to-back billion-dollar jackpots ever. Hope is a hell of a drug.