The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

Illinois customers may no longer bet below $2.50, based on messages BetMGM sent out. This is to help ensure operating margins within the new framework ...

These changes come in response to a per-wager tax enacted by the Illinois General Assembly in May and effective July 1. Under ...

BetMGM will enforce a $2.50 minimum bet in Illinois, as of Wednesday (July 16), as part of the response to the recent per-wager state tax ...

DraftKings could look to cannonball into the prediction market space with the acquisition of a startup platform.

DraftKings Inc. (NASDAQ:DKNG) is one of the stocks on Jim Cramer’s radar. Cramer mentioned that the “Big Beautiful Bill” ...

Steven Pizzella of Deutsche Bank called the sports betting data providers winners while advising investors to hold on ...

Jim Cramer says DraftKings and Flutter remain strong buys despite tax law changes that would limit gambling loss deductions under Trump’s new bill.