happy Monday, everyone. There is a lot of news about sports betting, but first some congratulations.
These go to everyone who has ever contributed to this LSR podcastthat met his 100th episode. The podcast serves as a companion to all of the stories published on LSR each week. Give it a try if you haven’t already.
Also be sure to follow @ LSPReport on Twitter to stay up to date on all upcoming legislative measures and to spread news from key states.
Top Sports Betting News: Louisiana Legislators get to work
Sports betting in Louisiana was approved by voters in a referendum six months ago. Thanks to a legislator starting in April, discussions about what the market should look like are only just beginning.
A draft law dealing with taxes, which needs to be regulated by legislation other than the sports betting enabling laws, has been passed House Committee. The tax bill, along with SB 202, the physical sports betting would be taxed at this bill 10% and his mobile sports betting at 18%. Each of them 20th Licensees would receive two mobile skins.
Both South Dakota and MarylandThe other two states, whose sports betting was approved by referendum last year, have already passed their laws. Gov. Kristi Noem signed the SD Sports Betting Act last month. MD Sports Betting Invoice HB 940 still has to be signed by Governor Larry Hogan.
Other state news: CT, FL, IL, NE, NY
Many other states are working to establish or optimize their sports betting markets:
The states see an increase in sports betting in March
Sports betting in the US since the fall of PASPA passed the $ 50 billion Mark in March, thanks in part March madness Bets.
None of the states reporting Handle last week broke tournament betting, but the three largest states saw growth compared to their February handle.
Nevada Sports betting had the third best month ever $ 641 million under control. Boy Tennessee The sports betting market had its second best month since its November Started with a stake of $ 205.9 million in March.
Sports betting in Colorado, which celebrated its one-year anniversary on Saturday, took control of $ 2 billion last month.
FanDuel Sportsbook, Genius Report Results
FanDuel Sports Betting added 900,000 New customers in the US from January 1 to March 31, the company reported in a trade update.
FanDuel parent company flutter also said it wouldn’t take into account Fox Bet and PokerStars on a possible US IPO for FanDuel. Fox and Flutter are in the middle of an argument over how to rate one 18.6% Stake Fox has the right to buy from Flutter.
Data supplier elsewhere Genius sport reported 30% Sales growth in the past year $ 150 million and turned the EBITDA to positive $ 17.5 million.
Those financial details should look different a year from now, considering Genius’ most recent data touches on the subject NFL.
Imagination still attracts investment
Underdog fantasy has raised $ 10 million in a Series A financing round.
Investors included Mark Cuban, Adam Schefter and earlier Paddy Power Betfair CEO Breon Corcoran, among other.
The company, which was founded by the former DRAFT team, also runs the largest NFL best ball tournament of all time USD 1,000,001 to the first place.