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January 31, 2025 – FairOdds Network

Daily Archives: January 31, 2025

Minnesota sports betting bill comprehensive, but could raise questions in Indian Country

Filed on Thursday (30 January), a comprehensive Minnesota sports betting bill could raise eyebrows within tribes. But here's a look at what else is inside.

Senator Matt Klein, a longtime legal sports betting proponent, filed SB 757, which would allow for statewide mobile sports betting with platforms tied to tribal casinos. The bill also outlines regulations for daily fantasy and would allow for betting on esports.

Minnesota lawmakers have been trying for at least four years to legalise sports betting. But finding the sweet spot with the state’s 11 tribes – who have exclusivity for gaming – and local horse tracks has proved elusive.

Klein’s bill lays out a detailed framework that would allow for 11 wagering operator licences for the state’s tribes. The tribes, in turn, could contract with management service providers for digital wagering platforms. According to the text of the bill, any bets placed outside of Indian Country would be taxed at 22%. That rate is higher than the..

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State of the Union: Feds don’t believe Mizuhara; Wyoming online gambling on hold until next week; more

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.

Feds recommend 57 months for Mizuhara

In court documents released on Thursday (30 January), US attorneys are recommending a “significant period of incarceration” for former Shohei Ohtani interpreter Ippei Mizuhara. The documents were filed a week ahead of Mizuhara’s 6 February sentencing hearing. Mizuhara bet with an illegal bookmaker and stole $17 million (£13.7 million/€16.3 million) from baseball star Ohtani.

In the documents, Jeff Mitchell, the US attorney leading the government’s case, clearly states that he does not believe that Mizuhara had a long-standing gambling addiction.

Exhibits filed with the case show that Mizuhara started gambling on a legal site, DraftKings, in 2023 after he had “already stolen millions of dollars from Mr Ohtani”. The statements paint Mizuhara as a dishonest thief rather ..

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Canada decline leaves revenue flat at PointsBet in Q2

Revenue remained flat at PointsBet during its Q2 after a decline in Canada cancelled out growth within the gambling operator’s core Australia market.

For the three months to 31 December 2024, total net win at PointsBet hit AU$69.9 million (£35.1 million/€42.0 million/US$43.5 million). This is on par with Q2 of the previous year.

Data published yesterday (30 January) by PointsBet reveals sports betting net win was marginally higher (0.2%) at $63.6 million, while igaming net win declined 1.6% to $6.3 million. However, it was the operator’s geographical performance that most impacted the results.

In Canada, customer-friendly results across both sports betting and igaming had a negative effect. CEO Samuel Swanell noted online slots and betting on the NFL as two areas where customers won more.

“Q2 group net win was negatively impacted by circa $3.9 million, due to customer-friendly results in Canada across NFL and slots,” Swanell said. “This NFL season has been the most customer-friendl..

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