March 5, 2025 – FairOdds Network

March 5, 2025

Hawaii house sends legal digital sports betting bill to senate

Despite some reservations offered about legal sports betting, Hawaii's house sent a bill that would allow for digital platforms to the senate for consideration.

After HB 1308 moved through Hawaii house committees with some lawmakers voting yes “with reservations,” it passed the house on Tuesday (4 March) with 16 no votes. The vote beat the 6 March crossover deadline.

Ahead of the vote, legislators in opposition voiced concern about local dollars being diverted to out-of-state operators; the growth of gambling addiction; and harm to the purity of sports. They compared wagering to heroin and fentanyl with one lawmaker contending any revenue the state would get from legal sports betting would be “dirty” money.

A companion bill, SB 1569, was deferred by the senate consumer protection/ways and means committee on 26 February without discussion. It is unclear if that decision will set the tone in the senate for other wagering bills such as HB 1308.

Sponsor Daniel Holt has carried sp..

March 5, 2025

Amended digital-only sports betting legislation moves forward in Georgia

A Georgia house committee moved digital-only sports betting legislation forward on Wednesday (5 March) with an increased tax rate. The rules committee is next with the goal of getting to the house floor before Thursday's crossover deadline.

Legislation must be sent to the opposite chamber by the end of Thursday in order for it to be considered this session. According to the Georgia general assembly website, the rules committee will convene at 9am local time.

The package of bills – a constitutional amendment and a framework bill – both passed the higher education committee via voice vote. An amendment to bump the proposed tax rate in HB 686 to 24% from 20% also passed. The committee defeated an amendment to HR 450 that would have added igaming to the referendum that will go before voters.

The package of bills would legalise only digital sports betting. It would be on the November 2026 ballot and the go-live date would be 31 July 2027. Should the legislation pass, it would cre..

March 5, 2025

Ohio sports betting handle tops $1.01 billion in January

Consumers in Ohio spent $1.01 billion (£788.6 million/€946.0 million) betting on sports in January, the third highest monthly amount on record in the Buckeye State.

The amount surpasses January of the previous year by 24.6% and is also 5% higher than December 2024. However, it falls 9.3% short of the record set in January 2023, the first month of legal betting in Ohio.

Data published yesterday (4 March) by the Ohio Casino Control Commission shows $992.2 million was wagered online. Retail bets amounted to $19 million in January.

Turning to taxable revenue, the monthly total hit $81.1 million. This is 28.6% behind last year but 42% more than December’s haul. Ohio’s monthly revenue record of $209 million was also set in January 2023.

Of all revenue, $80.7 million came from online betting, with retail contributing $468,017.

As for hold, the monthly figure for Ohio in January stood at 8.02%.

FanDuel continues to lead in Ohio

FanDuel took top spot in the Ohio online market. The operat..

March 5, 2025

Georgia house committee hears some inaccuracies from wagering opponent

Forty-eight hours before the crossover deadline, a Georgia house committee heard testimony about sports betting. However, some of it was inaccurate.

On Tuesday (4 March) the Georgia higher education committee listened to testimony from six witnesses about sports betting as the issue begins its last-minute march through the chamber.

There was no vote on Tuesday, while Thursday is the crossover deadline. Committee chair Chuck Martin said that while Wednesday is a legislative workday, the committee will meet again in the afternoon. Sports betting could land on that agenda and, if not, it would move to the Thursday agenda. The committee – like others in Atlanta – is working extra hours ahead of the crossover deadline.

Should the committee advance the proposal, which would allow for statewide mobile sports betting, the full house would have to approve it to keep it alive. However, a senate committee has already rejected a legalisation measure.

HB 686 is part of a package of bills and..

March 5, 2025

Flutter touts growth, particularly in US despite tough NFL season

Flutter executives shared that fourth-quarter revenue increased 14% and fiscal year revenue was up 19%, mostly on the back of US sports betting and icasino.

Executives also reported that for FanDuel in the US, the number of average monthly players grew 7% in the quarter and 13% for the fiscal year. Overall, the tone was enthusiastic as Flutter reported growth across the world during its fourth-quarter earnings call on Tuesday (4 March).

The company reported $156 million (£122 million/€147 million) in fourth-quarter profit and $162 million of it for the year. Both of those numbers were up more than 100% against 2023 and annual revenue increased by 19%. Flutter is in the midst of a share repurchase programme and has plans to buy back $1 billion in stock in 2025.

All the reported numbers matched up to previous guidance. The company pointed to success with its new customisable “Your Way” parlay, which is in beta testing, in addition to touting its ongoing stock buyback as a positive. ..

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