Offshore Sportsbook Fact Blog

A new Minnesota sports betting bill takes a unique approach to handling the tax rate for the industry. Rather than tax the gross gaming revenue for operators, legislation announced Wednesday by Rep. Pat Garofalo is the first in the nation to calculate tax obligations based on the total amount wagered. Garofalo spoke to Legal Sports Report about why he chose to address the tax rate in…

Learn who the current champions are in all the UFC weight classes. When are they next scheduled to fight; who is their no. 1 challenger? Will the champions remain champions come 2020? Below, find the current champions in every UFC weight class, from flyweight to heavyweight and all three women’s divisions. Our MMA experts have looked at the situation in each division and assessed…

New Mexico is a state known for its conspiracy theories, but an author of a bill prohibiting the state lottery from offering sports betting tells Legal Sports Report that the legislation is as simple as it seems. The legislature wants to rein in the New Mexico Lottery Authority from plans for a new game that would be tied to the outcome of sporting events. The…

With New York sports betting slowly becoming a reality, it appears not all voters in the state feel the same way about betting from their smartphones. According to a new Siena College poll, exactly 44 percent of voters support and opposethe idea of online sports betting. The other 12 percent said they had no opinion. For those out of the loop, the New York State Gaming Commission (NYSGC)…

As sports betting in America continues to expand, it seemed inevitable that casinos and media conglomerates would begin pairing off. On Thursday, one such partnership emerged. Turner Sports announced in a press release that it reached a “first-of-its-kind agreement” with Caesars Entertainment. The joint venture will allow Turner to develop “gaming-themed content” for sports fans. The sportsbook at Caesars Palace Las Vegas will soon become the home of a Bleacher Report-branded studio. While…

This story has been updated. Maryland sports betting could prove profitable for the state lottery under a bill introduced late last week. Still outstanding, however, is the question of whether Maryland voters would need to approve legal sports betting. The bill dropped by Dels. Jason Buckel and Kevin Hornberger would authorize the Maryland Lottery to conduct sports betting. Under the lottery's oversight, state horse…

A bill that essentially hands the DC sports betting contract to current lottery provider Intralot comes before the district council Tuesday morning. The wisdom behind bypassing a competitive bidding process in the name of speed continues to raise concerns in Washington, D.C. A Washington Post editorial Monday lambasted the council for its handling of the bidding, calling it a “sickening spectacle”: “Horses, whether on…

The chairman of The Walt Disney Company does not see his company — which owns ESPN — getting into ‘facilitating gambling' any time soon. That came from Disney chairman and CEO Bob Iger in fielding a question about sports betting in Disney's most recent earnings call. What Disney said on sports betting Here is what Iger said in response to Disney's aspirations on sports…

Tampa Bay has become a heavy 2019 Stanley Cup betting favorite Four other teams are seen as legitimate contenders How do the top teams in the NHL stack up heading into the stretch drive? The latest NHL futures odds have a few noticeable tiers. At the apex are the Tampa Bay Lightning, who are an uber-short +280. The Bolts have earned their place at…

State Senator Joseph Addabbo Jr. is concerned that NY sports betting is falling behind as New York City residents become accustomed to wagering in New Jersey. If the state waits three years to go through a constitutional amendment process to offer mobile NY sports betting, it could condition residents to stick with NJ sports betting permanently. Addabbo, who represents Queens, tells Legal Sports Report he received emails…