Articles by Zach Wolpin (314)
With how popular sports betting has become in the United States, everyone wants a piece of the action. Sports wagering is a market that has dominated the U.S. in the last six years. While the demand to profit from sports betting is higher than it has ever been, not everyone can have the success they […]
The North Carolina Lottery Commission unanimously approved a certificate of compliance proposal on Wednesday. It will allow state regulators to move forward with the operational process to plan and build retail locations. However, it’s still undetermined where and when retail sports betting will begin. To obtain and maintain a compliance certificate in North Carolina, regulators […]
On Wednesday, FanDuel’s parent company Flutter had its Investor’s Day. At the gathering, FanDuel announced they will aim for a 16% hold in the sports betting market by 2030. Flutter noted they project to hit $63 million in revenue by 2027. Fifty percent larger than their previous estimate. During Investor’s Day, FanDuel explained their interest […]
To start the 2024 NFL season, the league has seen several major upsets. Week three was no different than the first two. Multiple underdogs won outright bets despite being +5.5 or larger against the spread. ESPN’s Ben Fawkes reported that underdogs of +5.5 or bigger in 2024 are 13-2 against the spread. That includes nine […]
Responsible Gaming Education Month (REGM) is recognized throughout September for U.S. sportsbooks. In a statement last Friday, members of the New York Responsible Play Partnership (RPP) acknowledged Responsible Gaming Education Month. The RPP said they will continue to support gaming operators to promote responsible gaming. Chair of the New York State Gaming Commission Brian O’Dwyer […]
On Tuesday. MGM Resorts International CEO Johnathan Halkyard spoke at a webinar. He discussed how BetMGM plans to use the rest of 2024 to focus on “tech reinvestment and player acquisition.” For the first time in 2023, BetMGM posted a profitable quarter for the first time in company history. BetMGM is set to use new […]
In early August, DraftKings announced a plan to charge winning bettors a small fee in states with higher tax rates. That includes New York. On Monday, New York State Gaming Commission Chair Brian O’Dwyer noted that he “looked with great alarm” at the gaming tax surcharge that was proposed. The news to unveil this surcharge […]
In February, the Kansas Racing and Gaming Commission (KRGC) gave Underdog Fantasy a cease-and-desist order. After months of trying to find a way back into the market, Underdog Fantasy confirmed they are making a comeback. Underdog is a Daily Fantasy Sports (DFS) company that will now operate under a peer-to-peer business model in Kansas. This […]
On Monday, the New York State Gaming Commission approved the launch of ESPN BET in the Empire State. This comes nearly a month after Penn Entertainment CEO Jay Snowden told the public that ESPN BET would be available in New York. Now, ESPN BET can launch as soon as they want. Penn is the parent […]
Before FanDuel took over in Washington D.C., the nation’s capital had one of the most underwhelming sports betting markets in the U.S. Since FanDuel replaced Gamebet DC, the market set all-time highs in their first full month of operation. After seeing the profit that FanDuel made, the D.C. city council amended its regulation to give […]