Bet365 is reportedly interested in taking over the New York mobile sports betting licence that Resorts World Bet plans to vacate on 30 June. No bids have been announced, and Bet365 has not confirmed its intentions; the report also names Hard Rock Bet and Underdog Fantasy as possible contenders.
A potential licence transfer could affect competition for entry into New York’s mobile sports betting market.
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bet365 launched in Michigan, according to the report, which describes the state as its 17th US market. The Massachusetts Gaming Commission reopened sportsbook licence applications on 9 April after a company request; a deputy said bet365 was considering a category 3 untethered licence.
North Carolina lawmakers reportedly reached an agreement to increase the sports betting tax in the upcoming state budget. The available report gives a possible rate range of 20% to 30%.
California Attorney General Rob Bonta is reportedly preparing an opinion that would make paid fantasy sports illegal across the state. The report cites an unnamed industry source; Bonta’s office has not issued the opinion, and the Coalition for Fantasy Sports and the California Nations of Indian Gaming Association gave opposing responses.
JPMorgan Chase CEO Jamie Dimon said the bank may enter prediction markets, but any offering would exclude sports and politics contracts. He said the bank would maintain strict controls on insider information; no decision to proceed was announced.
Chicago officials are considering a city tax on online sports betting, with the administration saying it has analysed the option. No proposed rate or amount was provided; the city currently taxes retail sports betting at 2% of gross gaming revenue.