Callum Ilott Helmet Callum Ilott with New Lottery.com branded helmet Louis Foster Posed Gateway Louis Foster with his Sports.com branded car Seb Murrary Car BAckground Seb Murrary getting into the zone with Lottery.com branded car in the background MADISON, Ill., June 16, 2025 (GLOBE NEWSWIRE) -- It was a weekend of high drama, fast pace, and standout performances across both the NTT INDYCAR SERIES and INDY NXT by Firestone, as Sports.com and Lottery.com drivers Callum Ilott, Louis Foster and Se ...

Core Insights - FanDuel is implementing a 50-cent surcharge on all wagers in Illinois to offset the impact of new state taxes, which are particularly burdensome for leading sportsbooks [1][3] - DraftKings is expected to follow FanDuel's lead in response to the new tax structure [2] - The new tax structure includes a progressive tax rate that can reach up to 40% for the most successful sportsbooks, significantly higher than the previous 15% rate [3][4] Company Actions - FanDuel's new surcharge is projected to generate an additional $86 million in revenue for 2026, representing about 2% of its EBITDA [3] - DraftKings anticipates a revenue increase of $79 million from the surcharge, which would account for approximately 5.4% of its projected EBITDA for the same year [3] - Flutter has stated that if the state reverses the tax decision, FanDuel will eliminate the surcharge immediately [2] Industry Context - The Illinois tax is part of a broader trend, with other states like New Jersey, Maryland, Massachusetts, Michigan, and Pennsylvania considering similar tax increases [6] - Flutter's CEO expressed concerns that the new tax structure disproportionately affects lower-wagering customers and could drive gamblers to unregulated operators [5][6] - The CEO emphasized the need for an optimal gaming tax rate to enhance customer experience, market growth, and state revenue over time [5][7]

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Core Viewpoint - The Alcohol and Gaming Commission of Ontario (AGCO) is urging media platforms to cease promoting unregulated online gambling and sports betting sites, specifically targeting Bodog, to protect Ontario residents [1][4]. Group 1: Regulatory Context - Bodog, operated by Il Nido Inc., is an offshore gambling operator that is actively advertising to Ontarians while blocking access for players in Quebec and Nova Scotia [2]. - Under the Gaming Control Act, 1992, online gambling sites must register with the AGCO and sign an operating agreement with iGaming Ontario to operate legally in Ontario [3]. - The regulated igaming framework in Ontario mandates comprehensive requirements for game integrity, player protection, anti-money laundering, and information privacy [3]. Group 2: Media Responsibility - By airing advertisements for Bodog and other unregulated operators, legitimate media platforms are inadvertently legitimizing high-risk sites and causing confusion among Ontarians [4]. - The AGCO is calling on media platforms to remove ads for unregulated gambling sites to mitigate risks and support the sustainability of Ontario's regulated igaming market [4]. Group 3: AGCO's Commitment - The AGCO is dedicated to protecting Ontario players and ensuring a safe gaming experience by promoting regulated igaming sites [6]. - The AGCO plans to collaborate with partners both locally and internationally to combat unregulated gambling sites and safeguard the public [5].

Super Group (SGHC) Q4 2024 Earnings Call February 25, 2025 08:30 AM ET Company Participants Brett Milotte - Managing Director - Global Media, Sports & EntertainmentNeal Menashe - Chief Executive OfficerAlinda Van Wyk - CFO & DirectorJed Kelly - Managing Director - Equity ResearchRichard Hasson - President, COO & Director Conference Call Participants Mike Hickey - Equity Research AnalystJason Tilchen - Director & Senior Equity research AnalystBernie Mcternan - Senior Research Analyst Operator Good day, and w ...