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D.C. Council Approves 2025 Budget, Ending Sports Betting Monopoly and Opening Market to New Operator[2024-07-16]
Washington, D.C.’s fiscal year budget for 2025 has received the nod from the Council, heralding significant changes in the realm of sports betting within the District. In a unanimous decision, council members paved the way for an overhaul of t...
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Texas Faces Significant Legislative Hurdles in Push to Legalize Casino Gambling: Senate and GOP Resi[2024-07-16]
Efforts to legalize casino gambling in Texas appear to face even steeper challenges in the upcoming legislative session. In 2023, the Texas House narrowly missed the required votes to advance a constitutional amendment allowing the establishment of...
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DraftKings and Flutter Stocks Dip After Illinois Budget Agreement Introduces Tax Hike on Sports Bett[2024-07-16]
Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax increase on sports bets in Illinois. The state’s fiscal 2025 budget, set to begin on July...
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Queens Senator Jessica Ramos Rejects Steven A. Cohen-Backed Casino Proposal Near Citi Field, Advocat[2024-07-16]
State Senator Jessica Ramos of Queens, New York, has emerged as a central figure in the ongoing debate over a proposed casino project in her district. In a move that has reverberated through political circles, Senator Ramos has firmly rejected the p...
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FanDuel and DraftKings Grapple with Illinois Sports Wagering Tax Hike as Governor Pritzker Defends R[2024-07-16]
Illinois’ online sports betting landscape faces upheaval as major players like FanDuel and DraftKings confront the repercussions of a significant tax increase. Governor J.B. Pritzker defends the move, asserting the state’s right to a lar...