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SPORTS BETTING INDUSTRY NEWS RSS

News on scam sports betting operations, events and business deals within the offshore sports gambling industry.

03.11.2020

It isn't necessarily news to report that the US Sports Betting industry has seen some serious growth since the May 2018 Supreme Court repeal of the Professional and Amateur Sports Protection Act (PASPA). But newly released numbers show that both revenues and handles from sports betting have increased exponentially.

03.10.2020

It took some extraordinary steps and a rare Sunday session of the Virginia legislature to get something done on the legal sports betting question in the state. But because of Virginia lawmakers working a little overtime, they were able to pass legislation essentially legalizing sports betting and casino gambling.

03.09.2020

The state of Michigan has won the race to be the first to legalize sports betting in 2020. As of Wednesday, March 11 at 1 PM ET, Michigan will become the 15th state in the US to welcome legalized sports betting.

03.08.2020

The state of Las Vegas is upping its mobile betting platform game with the unveiling of the BetMGM Mobile Betting App. The launch is in conjunction with what has been deemed a redefining of the MGM Sports Betting portfolio in Nevada which also includes gaming kiosks and rebranded sportsbooks.

03.07.2020

The evolution of the US sports betting industry continues and the MLS is on the board with a new game "MLS Predict 6 presented by BetMGM". It is a free-to-play weekly prediction game launched in conjunction with MGM Resorts International and will give fans a chance to win up to $50,000 each week of the MLS season.

03.06.2020

The XFL reaches its midseason point this weekend but that doesn’t mean that there still isn’t a lot of work left to do for players and the XFL brass. On the business side, Australian and US sportsbook operator PointsBet has announced that they have become the latest authorized gaming operator of the league, continuing a string of agreements the bet-friendly XFL has signed since its inception.

03.05.2020

The state of Connecticut looked as though it was moving toward legal sports betting in the state but as of Tuesday, the brakes on new legislation were applied thanks to Governor Ned Lamont who favors a more expansive plan then the one previously being considered.

03.04.2020

The South Dakota House passed a proposal that leaves it up to voters to change the state constitution in order to legalize sports betting. Lawmakers that support legalization argued that it would only put the question to voters who they believe should be the ones to make the decision in the first place.

03.04.2020

Illinois, America's fifth-largest state appears to be moving closer to the launch of a legal sports betting platform and all of the big players in the gambling industry are lining up for the chance at a license to provide services in Illinois. Last week, three more temporary sports betting licenses were awarded, bringing the number of approved licenses to six.

03.03.2020

The forward-thinking PGA Tour continues to evolve with regard to its focus on Legal Sports Betting. It’s taken the next step with the launch of GolfBet.com, a first-of-its-kind golf-focused betting content site created by The Action Network. Bettors, as of Monday will be redirected from The Action Network's golf page to “GolfBet” presented by the PGA Tour and will be better served by the most accurate and compelling golf content anywhere, with a focus on educating the wagering public.

03.02.2020

The state of Massachusetts finally got some good news regarding the possibility of the launch of a legal sports betting platform when, on Friday, a legislative panel tasked with studying the subject finally came up with something of substance for lawmakers to consider.

03.01.2020

The Nevada Gaming Control Board on Friday released their first ever set of numbers showing the divide between their mobile and retail betting hauls for January. Similar breakdowns have been taking place in other states comparing mobile and retail betting platforms, prompting Nevada to do the same.

02.29.2020

The state of Indiana is about to experience a major boost in its legal gambling industry with two casino-operating Heavyweights about to enter the market. BetMGM launched throughout the state Thursday and it was announced earlier this week that PointsBet will make their presence felt before March Madness, which is just around the corner.

02.29.2020

A bill seeking to legalize sports betting in Wyoming has been killed off in a narrow vote on the House floor. H 225 would have allowed unlimited operators to launch online sportsbooks targeting the 600,000 people that live in the state.

02.28.2020

After a long winter of waiting, the 2020 Major League Soccer season finally kicks off this weekend. The league spent part of its offseason grappling with the realities of legal sports betting and came out of the hiatus with a couple of deals that show fans that they are serious about embracing legal wagers on the sport.

02.27.2020

Caesars Entertainment Corp., in the midst of a US legal sports betting gold rush, joined a host of companies that reported Q4 losses during a period of mass-expansion. Caesars' report came out Tuesday and showed a mixed bag of results for the company - net losses but gains in the sports betting sector.

02.27.2020

Kansas has taken a significant step towards legalizing sports betting after SB 283 passed through the Senate in a 23-15 vote. The bill would permit online and retail sports wagering across the state. It narrowly beat the chamber crossover deadline of Thursday and it now heads to the House, which is also poised to scrutinize a rival sports wagering bill in March. 

02.26.2020

European sports betting operator William Hill hasn't been shy lately about their desire to expand in the growing US sports betting market. We can add Michigan to the states with which the bookmaker has a presence with the signing of an agreement with the Grand Traverse Band of Ottawa and Chippewa Indians in the state.

02.25.2020

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.

02.25.2020

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.

02.25.2020

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.

02.24.2020

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. 

02.23.2020

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.