Betting Updates on Sports Events
In the world of sports and gambling, there's been a flurry of activity across the United States. Here's a roundup of some of the latest developments.
Michigan's sports betting market has seen a significant boost, with a record-breaking $50 million in revenue generated last month, yielding $2 million in tax revenue. This growth underscores the increasing popularity of sports betting in the state [1].
However, not all states are seeing smooth sailing. In California, Underdog, a major player in the Daily Fantasy Sports (DFS) industry, is locked in a legal battle with Attorney General Rob Bonta. Underdog has filed a lawsuit to prevent AG Bonta from releasing an opinion on the legality of DFS in California. However, a Sacramento County Superior Court judge, Jennifer Rockwell, has denied Underdog's request for a temporary restraining order to block the release of AG Bonta's opinion [2][3][4].
Underdog argues that the AG's opinion is procedurally flawed, politically motivated, and poses an existential threat to their business, particularly because California accounts for over 10% of their annual revenue. The company fears the opinion will create a "legal cloud" over the industry in California, scare away payment processors, and effectively force them to exit the state [1][2][3].
Meanwhile, a coalition of 36 bipartisan state Attorneys General has formed to oppose sports prediction market operator Kalshi [5]. The Florida Attorney General's office has also filed a motion to dismiss a lawsuit challenging the state's 2021 gaming compact with the Seminole Tribe [6].
In other news, an investigation into NBA star Malik Beasley's betting patterns has been announced [7]. Oklahoma Governor Kevin Stitt remains unwilling to support any sports betting bill that proposes a tribal-run market [8].
In Illinois, a new per-bet tax is set to debut in the online sports betting market on Tuesday [9]. Reports suggest that FanDuel Sportsbook is in discussions to launch a sports prediction market platform [10]. Wyoming's legislative committee has proposed doubling the state's tax rate for online sportsbooks to 20% [11].
These developments underscore the dynamic and evolving landscape of sports betting and gambling regulations in the US. Stay tuned for more updates as these stories continue to unfold.
References: [1] Michigan's sports betting generated $50 million in revenue last month, yielding $2 million in tax revenue (06/19/2025). [2] Underdog files lawsuit to prevent California Attorney General Rob Bonta from releasing an opinion on the legality of the daily fantasy sports industry (07/01/2025). [3] The current status of the lawsuit filed by Underdog against California Attorney General (AG) Rob Bonta regarding the legality of Daily Fantasy Sports (DFS) (07/01/2025). [4] A new development in the California lawsuit regarding the daily fantasy sports industry has occurred (07/01/2025). [5] A coalition of 36 bipartisan state AGs has formed to oppose sports prediction market operator Kalshi (06/19/2025). [6] The Florida Attorney General's office has filed a motion to dismiss a lawsuit challenging the state's 2021 gaming compact with the Seminole Tribe (06/29/2025). [7] An investigation into NBA star Malik Beasley's betting patterns has been announced (06/29/2025). [8] Oklahoma Governor Kevin Stitt remains unwilling to support any sports betting bill that proposes a tribal-run market (06/13/2025). [9] A new per-bet tax is set to debut in Illinois' online sports betting market on Tuesday (06/30/2025). [10] Reports suggest that FanDuel Sportsbook is in discussions to launch a sports prediction market platform (06/17/2025). [11] Wyoming's legislative committee proposes to double the state's tax rate for online sportsbooks to 20% (06/17/2025).
Sports-betting operators face varying challenges across the United States. For instance, Underdog, a prominent DFS industry player, is embroiled in a legal battle with California's Attorney General over the legality of DFS in the state, while Michigan's sports-betting market has experienced a significant boom, generating a record-breaking $50 million in revenue last month.
