Thursday will be a busy day on Capitol Hill. Several stakeholders in the sports betting industry are scheduled to testify on whether federal sports betting guidelines are necessary as more states allow sportsbooks, with Delaware, Mississippi, New Jersey, and West Virginia now among those taking bets.
The few states that have allowed sports betting since a U.S. Supreme Court decision are already seeing an impact on their bottom lines. Mississippi announced last week an overall increase in August casino revenues. The Mississippi revenue department numbers show $181 million was lost in August by bettors.
A trending SBR Forum thread asks the question on when sportsbooks might limit winners. There is a common misconception that sportsbooks might limit simply for winning, when in reality the dollar amount has little to do with it. Sportsbooks apply limits if players bet bad or off-market lines routinely.
Week three of the $50,000 NFL and College Football sports handicapping contest known as Beat The Prick is open for picks. Professional handicapper The Prick was interviewed by SBR video personality Jimmy the Bag. The Prick switched it up in week three and went with five NFL picks on the point spread.
FanDuel Sportsbook has announced that it will honor the full value of all tickets which had ridiculously inflated odds during last Sunday's Oakland Raiders vs. Denver Broncos game. For 18 seconds, with Denver trailing by one point and well within field goal range at Oakland's 18-yard line, FanDuel posted odds of 750 to 1 on Denver.