Sports Betting
Covering the latest stories in and around the sports betting landscape, including everything from the latest lines to fun Super Bowl props.
While name, image, and likeness (NIL) are still new in the collegiate sports atmosphere, big-time schools are doing what they can to help fund the program. That’s especially true in the South where schools in the SEC are funded by major donors. The University of Arkansas has Arkansas Edge, their NIL collective. Arkansas Edge is […]
Two men in Rochester, New York, have been convicted of running an illegal sports betting ring, following an investigation by Homeland Security and the IRS. Louis P. Ferrari II, 42, and Dominic Sprague, 40, were convicted Thursday on charges of conspiracy to transmit wagering information in interstate commerce and conducting an illegal gambling business. Louis […]
On Tuesday, Sportradar’s Betting Technology and Solutions released their financial results for Q2. The company has now accounted for 82% of its revenue for two consecutive fiscal quarters. Additionally, Sportradar has seen a 30% year-over-year growth that helped propel them to a revenue of €278.4 million for the second quarter. Betting Technology and Solutions had […]
Since April 2024, FanDuel has been the only legal sportsbook for residents of Washington D.C. FanDuel replaced the former DC sports betting monopoly provider, Intralot. According to a recent court order, they could be under investigation by the District’s attorney general. Intralot is currently a petitioner in a case at the DC Superior Court. All […]
In July, the Indiana Gaming Commission reported a monthly handle of $261.1 million. That is up 28% from the numbers they saw in July 2023. Indiana sportsbooks saw $29 million in adjusted gross revenue. That was a 25% year-over-year increase. This all happened while the WNBA was on break for players who were competing in […]
Missouri voters will decide in November whether to legalize sports betting as state lawmakers have tried and failed to pass similar legislation. On Tuesday, Secretary of State Jay Ashcroft certified a constitutional amendment for the Nov. 5 ballot that will ask voters whether to legalize and tax betting on major sporting events. Winning for Missouri […]
Earlier this month, DraftKings announced they would add a surcharge in high-tax states like Illinois and New York. This news broke ahead of DraftKings’ Q2 earnings call. DraftKings said that customers can expect this fee to be implemented on January 1, 2025. While DraftKings has angered customers with this surcharge, other sportsbooks are taking the […]
Maine sports betting was expected to post a yearly-low handle and subpar revenue for the month of July, but recent figures released by the Maine Gambling Control Unit (MGCU) show that operators accepted $42.7 million in bets, the second-highest handle since the Pine Tree State launched sports betting in November 2023. DraftKings Maine reported its […]
In three weeks, the first game of the 2024 NFL season will kick off on Thursday, September 5. Before the regular season starts, bettors love to go on mobile sportsbooks and place a futures bet. That could be anything from the team winning the Super Bowl to Offensive Rookie of the Year. Last season, Baltimore’s […]
On Monday, August 12, Maryland Lottery and Gaming reported $43.8 million in gross sports betting revenue for July. Sportsbooks across the state were dominant to combine for a 13.1% hold. This was Maryland’s second-highest win rate in 2024 behind a 14.7% hold in January and their fourth consecutive month with a double-digit hold. The state’s […]
