Sports Betting
Covering the latest stories in and around the sports betting landscape, including everything from the latest lines to fun Super Bowl props.
Bally’s Corporation has released new plans for a 500-room hotel in addition to securing financing to build the $1.7 billion permanent Chicago casino complex in River West. The $950 million financing deal was announced Friday. The funding contract is with Gaming and Leisure Properties, a Pennsylvania-based real estate investment trust. This fulfills an $800 million […]
On Monday night, the 2024 Home Run Derby will be taking place at Globe Life Field in Arlington, Texas. Home of the Texas Rangers, the 2023 World Series champions. The festivities will start at 8:00 p.m. EST with eight participants in a star-studded field. It includes some of the best sluggish in baseball. Competing in […]
Nebraska is considering a proposal, which would provide an additional $30 million a year for property tax relief if residents are allowed to engage in sports betting via phones or mobile devices. Gamblers and gaming officials are urging the governor and lawmakers to consider this option when they reconvene for a special session on July […]
Recently, Apax Partners LLP Funds fully monetized their equity interest in Genius Sports Limited. Apax no longer holds any shares in Genius Sports which has technology that is used in over 150 countries. It’s no secret that Apa’s funds helped Genius Sports grow. In September 2018, Apac Funds acquired a majority interest in Genius Sports. […]
On Wednesday, the Kentucky Horse Racing Commission reported $66.9 million in sports betting revenue from March through May. Additionally, sportsbooks posted double-digit holds in the final two months of that window. Together, seven retail and seven sports betting apps combined to generate $624.9 million in handle. Kentucky is just $17.3 million shy of $2 billion […]
The Maine Gambling Control Unit (MGCU) reported Thursday that the Pine Tree State accepted $39.5 million in wagers from sports betting for June, similar to May’s $39.8 million figure. Wagers on the NBA Finals and Stanley Cup Final contributed to these numbers. Sports betting first launched in Maine on Nov. 3, 2023 In June, the […]
In the Tarheel State, their legislative session is winding down. As of now, there has been no real movement or push for college player props to be banned from their sports betting catalog. On May 1, Representative Marcia Morey filed House Bill 967 but it never made it out of the rules, calendars, and operations […]
According to the Iowa Racing and Gaming Commission (IRGC), state operators accepted $146.6 million in wagers from sports betting in June. Last month’s total was down from $182.4 million in May. Iowa sportsbooks earned $3.8 million less in generated revenue last month compared to $16.69 million in May However, sports betting operators in the Hawkeye […]
Last year, the Tennessee legislature made changes in their method of taxation for sports betting. Instead of their traditional nationwide levy on sports betting operators, Tennessee will offer taxation based on handle starting in the 2023-24 fiscal year. Twelve months later, the Tennessee Sports Wagering Council (SWC) reported $87.6 million in state taxes for the […]
North Carolina saw its mobile sports betting revenue for June dip to its lowest level since legalized betting launched in mid-March. However, the drop was expected as the sporting calendar is without the NFL, along with both college football and basketball. At least the NBA Finals and Stanley Cup Final made things more interesting. North […]
