The December edition of our U.S. Sports Betting Market Monitor is now live.
U.S. OSB continues to grow, with T12M GGR +16% through Oct-25 and net hold tracking toward record highs in 4Q25. At the same time, the FanDuel-DraftKings duopoly remains near a historic low (~64% GGR share), as challengers continue to close execution and scale gaps.
A central focus this month is prediction markets product. Our hands-on testing of Fanatics and DraftKings’ newly launched PM apps highlights meaningful differences in integration, UX, and PM-native tooling. And while Kalshi’s product remains ahead of both new offerings, the PM category remains nascent, and no clear product template has yet emerged.
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This monthly report provides a digest of legislative and regulatory developments for the emerging market for regulated sports betting in the United States. New features this month include updates to our 50 state legislative outlook; quick takes on the latest sports betting policy developments in Michigan, Pennsylvania, and Nebraska; and an analysis of Ohio's recently introduced OSB reform bill.
This monthly report provides a digest of legislative and regulatory developments for the emerging market for regulated sports betting in the United States. New features this month include updates to our 50 state legislative outlook; quick takes on the latest sports betting policy developments in Wisconsin, North Carolina, and Rhode Island, and an analysis of OSB reform proposals considered in this year's legislative sessions.
Monthly U.S. sports betting policy monitor for May 2026, with updates on Texas, Oklahoma, and Missouri and an analysis of Michigan's online gambling tax increase proposal.