June Betting Handle Hits Records as World Cup Thins Hold
How a state taxes its sportsbooks decided whether record June betting filled its tax coffers or left them short.
Sports betting handle
World Cup Drives Record NY Bets, Tax Take Falls 43%
Record wagering in the country’s largest market produced its thinnest margin yet, and the state’s education fund collected $46 million less than a year
Prediction Markets Now Out-Trade America’s Sportsbooks, and States Are Racing to Tax Them
Kalshi and Polymarket are now clearing something like $24 billion in trades a month, more than the country’s licensed books handle. The matchup is messier than the headline suggests, but the scramble by states to tax it is not. The pecking order of American betting just got turned around. Month over month, the dollars moving … Read more