Sports Betting
Covering the latest stories in and around the sports betting landscape, including everything from the latest lines to fun Super Bowl props.
For May 2024, the Virginia Lottery reported nearly $60 million in gross sports betting revenue. Sportsbook operators had an 11.9% hold on the market. Additionally, revenue was up 24.6% compared to May 2023. That was slightly less than the 25.2% increase in the handle to $505.6 million. Their $60 million in gross sports betting revenue […]
New Jersey lawmakers are trying again to add in-state wagering on collegiate teams. Last Friday, Assemblyman Michael Venezia introduced constitutional amendment ACR140. This would allow wagers in New Jersey on collegiate sports and athletic events through casinos and horse tracks. The Garden States’ current law prohibits anyone from placing bets on New Jersey collegiate teams […]
Linn County Gaming Association and Peninsula Pacific Entertainment will apply for the Cedar Crossing casino in Cedar Rapids, Iowa, after the state’s two-year moratorium on new gaming licenses expires June 30. Iowa Racing and Gaming Commission rejected proposals for a casino in Linn County in 2014 and 2017 “We were prepared to apply for a […]
The Muckleshoot Casino Resort in Auburn, Washington, recently sold a winning ticket for the $1.3 million Lotto jackpot. However, the big winner has yet to claim their prize. Muckleshoot Casino Resort received a $13,000 retailer bonus for selling the winning Lotto jackpot ticket Washington’s Lottery announced Friday that the casino sold the winning ticket on […]
The Arkansas Racing Commission has awarded the Pope County casino license to Oklahoma-based Cherokee Nation Entertainment (CNE). The unanimous decision came after Thursday’s meeting where commissioners interviewed representatives from Cherokee and reviewed their application. Arkansas Racing Commission awards fourth and final license in the Natural State to Cherokee Nation Under Arkansas gambling laws, only four […]
Last week, the Colorado Division of Gaming reported nearly $45 million in gross sports betting revenue for May 2024. The state saw a strong performance by sportsbooks for parlay wagers. Additionally, they had a total betting handle of $447.6 million. Up 16.2% from May 2023. That gave Colorado sportsbooks a 10.1% hold on the market. […]
In California, tribes received a favorable ruling. Despite that, there will be no shortcuts while legalizing sports betting. Carlo Santarelli is a financial analyst who believes California could avoid ballot initiatives and get CA sports betting to amend its current gaming compact. However, there is pushback from a veteran tribal gaming attorney and an industry […]
On October 30, 2023, Mrs. Denise Ezell visited with her friend at the MGM Grand Detroit to play at the progressive blackjack tables. These are games where players can place a side bet in hopes that their two cards will combine with the dealer’s to trigger a jackpot. Ezell had the jack and king of […]
On Thursday, the Nevada Gaming Control Board reported $36 million in sports betting revenue for May 2024. That’s a year-over-year increase in revenue while their betting handle went down. Compared to their winnings from May 2023, operators were up 19.8%. That helped outpace their 2.3% decline in their betting handle. Last month, Nevada’s betting handle […]
Virginia lawmakers are preparing to re-introduce a bill to allow Fairfax County residents to vote on a referendum, which could bring a casino and conference center to Tysons. Virginia lawmakers will allow Fairfax County residents to vote on a referendum for a casino in Tysons According to 7News, the proposal was considered earlier this year […]
