OSB Tax Increases in Illinois
The OSB tax increases in Illinois are impacting major players like Flutter and DraftKings. Jefferies’ David Katz analyzed the response on June 16, highlighting that both companies will institute a $0.50 surcharge per bet in the state. Illinois implemented a $0.25 tax per bet on the first 20 million bets, with a subsequent $0.50 per bet tax. Despite this, Katz expects minimal impact on handle due to the modest incremental cost. Notably, Flutter and DraftKings plan to remove the surcharge if the tax is repealed.
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Las Vegas Market Trends
Barry Jonas from Truist Securities noted on June 13 the varied market trends following meetings with industry professionals in Las Vegas. He mentions the Strip’s upcoming ‘choppy summer’ but anticipates growth by Q4 2026. Local markets remain stable, and regional performance is strong. Digital challengers, including MGM and Caesars, are not following the Illinois tax model established by Flutter and DraftKings.
New York OSB Growth
Estelle Weingrod from J.P. Morgan reviewed New York’s online sports betting (OSB) data for the week ending June 8, noting a 16% year-over-year handle growth and a 46% GGR growth. This reflects a 12.8% hold rate. Q2 saw a 12% handle increase year-over-year, with a 19% GGR boost, leading to a 10.2% hold rate.
Gambling.com’s Market Position
On June 11, David Bain from Texas Capital Securities described Gambling.com as a leading player in the online wagering industry. The company is growing in data and services for online sports betting, backed by a global online wagering Total Addressable Market (TAM). Bain forecasts that Gambling.com’s EBITDA could outpace TAM growth through optimized B2C marketing, brand expansion among operators, iCasino growth, entry into new jurisdictions, and strategic acquisitions.
If you’re interested in detailed industry analytics, the American Gaming Association provides excellent resources on their official site.
