Category: Sports Betting & Gaming News

27 posts

Lawmakers in Missouri push to legalize sports betting. It’s becoming a Sunday ritual for gamblers in Missouri to road trip to Illinois to get their bets in. Unlike regular casino gambling which is legal in both states, Missouri has not yet legalized sports betting. The state rep has introduced a bill that sets $100,000 upfront for licensing and a $50,000 renewal fee every two years, with a 10% tax on profits.

iBET ETF Insights: States are tired of seeing the money move next door, we just saw the impact this had on NY, which is no longer losing revenue to NJ. Penn National Gaming (PENN) would be positively impacted by this as they would add sportsbooks at its Hollywood and River City Casinos in St. Louis County.

WynnBET has now gone live in New York, and is the seventh online sportsbook available for use in the big apple. The sportsbook tested with a soft launch Thursday 2/3/2022 and according to a WynnBET spokesperson, the formal launch was announced Friday morning with regulatory approval already given earlier in the week.

iBET ETF Insights: Wynn was late to the party in NY, but got involved in time to handle wagers on the Super Bowl

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