Buzz on the Street Show: FansUnite Entertainment (OTCQX: FUNFF) (CSE: FANS) American Affiliate
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CEO s of GAN Limited, FansUnite, ESE Entertainment and Penn National Gaming - Leading Global Boom in Online Betting Markets, and Interactive Entertainment
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Bet On It: CEO s of GAN Limited, FansUnite, DraftKings and i3 Interactive - Leading Global Boom in Online Betting Markets
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Legalization Efforts Prompt the Rise of New Sports Gambling Options
Feb 15, 2021 3:40 PM ET Legal Newswire POWERED BY LAW.COM
More states are now introducing proposals and bills to further expand sports betting under new regulations, making online sports betting legal or removing certain restrictions. As the legal system slowly becomes more friendly towards online sports betting, states around the country turn towards the young and popular industry as a means for generating stronger tax revenue and improve budgets. For example, last year the progress made in Illinois in regards to online sports betting vastly expanded the mobile wagering options available to the state s 12.7 million residents, helping the state to generate millions. According to data from Odds.com, which was published by Forbes, Illinois was poised to generate upwards of USD 73 Million in taxable revenue if the estimates of a USD 488 Million annual market come to fruition. The 15% tax imposed on gaming