Sports Betting
Covering the latest stories in and around the sports betting landscape, including everything from the latest lines to fun Super Bowl props.
Six years ago, the US Supreme Court struck down the federal wagering ban, allowing states to open legal wagering markets. Since then, 38 states including Washington D.C. and Puerto Rico have some form of legal sports betting. One of the states that is still without legal online sports betting is Oklahoma. Recent court rulings have […]
A study from the University of California, San Diego reveals that 96% of respondents lose money, and lower-income gamblers are more “irresponsible” with their gambling spending than higher-income gamblers. UC-San Diego’s Rady School of Management study concluded that legalized gambling has its pros and cons At UC-San Diego’s Rady School of Management, a study of […]
Starting on Thursday, July 25, Nebraska legislators will meet for a special session called by Governor, Jim Pillen. The goal of this special session is to discuss the property tax reform issue in the state. Previously, reports had indicated that legal sports betting might not be available to residents until 2026. However, legislators are expected […]
On Monday, two famous sports bettors created a non-profit organization called American Bettors’ Voice (ABV). The two gentlemen involved in founding ABV were Billy Walters and Gadoon “Spanky” Kyrollos. Walters is one of the most famous sports bettors in US history. He previously had a 30-year winning streak. Walters has since gone into business. Kyrollos […]
DraftKings announced its intention to launch its online sportsbook in Washington D.C., pending licensure and regulatory approvals. The company’s entrance into the D.C. market comes after the online sports betting company reached an agreement to be the sports betting provider at Audi Field for the MLS’ D.C. United. DraftKings will become the fourth online sportsbook […]
New Jersey Senator John McKeon proposed a bill in March 2024 that would include a tax hike on New Jersey online casinos and sportsbooks to 30%. However, it won’t be part of the 2024 fiscal year budget proposal. Online casinos in New Jersey are currently taxed 15%, while sportsbooks are taxed at 13% The proposed […]
According to figures from May, FanDuel was once again the runaway leader among all sports betting apps in Virginia. This data was provided from a fulfilled Freedom of Information Act request by the Virginia Lottery. Sportsbook operators in Virginia had their highest hold of the year at 11.9%. This was the 12th time in 15 […]
According to the Louisiana Gaming Control Board, the state collected $27.2 million in gross sports betting revenue for June. This was the seventh consecutive month that the state’s collective hold hit double digits. All sports betting operators in Louisiana combined for a 12.8% hold against $212.1 million in the handle. That was their third straight […]
In March 2021, DraftKings bought the Vegas Sports Information Network (VSiN) for $70 million. Brian Musburger founded this company and is the nephew of legendary sports broadcaster Brent Musburger. Fellow co-founders Bill Adee and Brian Musburger began VSiN in 2017. Roughly three years after selling their company to DraftKings, Musburger Media announced Monday that they […]
BetMGM and Entain have a 50/50 joint venture in the sports betting market. On Monday, Entertain announced they are replacing interim CEO Stella David with a full-time candidate. Gavin Issacs is the new CEO of Entain. Once Issacs takes over, Mrs. David will replace Barry Gibson as the board chair on September 30. When Issacs […]
