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SPORTSBOOK INDUSTRY & SPORTS BETTING NEWS

Evolution Almost Complete - NFL To Allow Betting Lounges In Stadiums

It wasn't all that long ago that the NFL was one of the staunchest opponents of legal sports betting in the US. The thaw in the relationship between the league and wagering has been a rapid one to say the least, as evidenced this weekend's announcement of betting lounges being allowed at NFL stadiums. Allowing gambling operators to set up shop in NFL venues is just the latest sign that betting has arrived in the NFL mainstream.

Oregon Sports Betting Now Projected to Incur Year 1 Losses

Oregon Lottery Commission director Barry Pack has warned that the state’s online sportsbook will incur a loss during its first fiscal year. State lottery officials launched the Scorecard app in October 2019 and a profit of $6.3 million off a handle of around $332.8 million in the first year of trading. However, they have now been forced to adjust that forecast.

Tennessee Lottery Commission Board Asks for More Time Again

A Lottery Commission Board in Tennessee that was appointed back in November to create the state's online betting rules. However, after receiving more feedback than anticipated from a period of public comment, they have requested a delay after being pushed back four times already.

Georgia Getting Serious About Legal Sports Betting

One of the more conservative states in the South with regards to legalized sports betting, Georgia signaled late last week that they may finally be willing to budge on their blanket ban on all things sports betting. 

New York's Loss is New Jersey's Gain

The second biggest betting state in the US, New Jersey has consistently produced record monthly sports betting handles and a new study shows that bettors in New York are responsible, at least in part, to the impressive numbers coming out of the Garden State.