Sports Betting
Covering the latest stories in and around the sports betting landscape, including everything from the latest lines to fun Super Bowl props.
The New York State Gaming Commission reported $203.3 million in sports betting revenue for the month of May, the second-highest total since online wagering went live in January 2022. Revenue in May came within $8.2 million of this January’s all-time mark. New York operators generated a 33.8% increase in revenue compared to May 2023 New […]
In May 2024, Bally’s Chicago posted its best monthly gross gaming revenue with $11.73 million. That was reported by the Illinois Gaming Control Board (IGCB). Their slot machines accounted for $6.8 million and table games won $4.75 million. This temporary casino location opened last September. Mark Wong is the General manager and VP of Bally’s […]
In Staten Island, New York, 17 people were arrested by the NYPD last Wednesday. They were involved in a $23 million illegal sports betting ring linked to the Gambino Crime Family. An indictment stated that this unlawful operation had roughly 70 people entangled in massive amounts of debt. These mobsters ran a high-interest predatory loan-sharking […]
Two more men were charged Thursday in the NBA sports betting scandal that led to the lifetime ban of former Toronto Raptors player Jontay Porter. Timothy McCormack, Mahmud Mollah joined Long Phi Pham, a fourth unnamed defendant in betting case In April, the league’s investigation revealed that Jontay Porter had disclosed confidential information to bettors, […]
NBA deputy commissioner Mark Tatum applauded the league’s effort in recent months for tracking betting irregularities and working together with licensed operators to maintain integrity. NBA banned Jontay Porter for betting on games, disclosing confidential information to bettors In April, the NBA handed Toronto Raptors forward Jontay Porter a lifetime ban from the league after […]
Barstool founder Dave Portnoy has placed a $1.6 million bet on the Boston Celtics to win the 2024 NBA Finals against the Dallas Mavericks. If Boston wins the NBA Finals, he will win $1.59 million. Dave Portnoy claims to have won $5.4 million on sports betting after five months in 2024 According to DraftKings Sportsbook, […]
In Maine, their adjusted gross receipts are calculated by subtracting voided and canceled bets, federal excise taxes, and player winnings from their handle. Last month, sports betting revenue dipped 19.5% month-over-month. That’s despite Maine reporting an increase in their betting handle. Their adjusted gross receipts in May amounted to $3.3 million. In April 2024, Maine […]
Illinois Gaming Board Administrator Marcus Fruchter renewed seven sports betting licenses for retail sportsbooks on Thursday. This marks the first time the licenses have been renewed since the state operators began accepting wagers in March 2020. Argosy Casino Alton, Hollywood Casino Aurora were among the operators issued a renewed sports betting license The gaming expansion […]
On ESPN’s “College GameDay” show in March, host Rece Davis may have put the industry leader in a tough situation. Talking with betting analyst Erin Dolan, Davis mentioned her suggestion as a “risk-free investment”. That did not sit well with the Massachusetts Gaming Commission. ESPN is facing possible penalties for a pair of separate sports […]
In April 2007, J.T Foley joined the Las Vegas Sands. Foley spent 17 years with the company and climbed his way through the ranks. In 2014, he was named the executive director for LAs Vegas Sands. Recently, Foley has left the industry operator and is about to take on a new challenge. The Coalition for […]
