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 Pennsylvania Gaming Control Board (PGCB) has banned Bovada, an offshore betting site, after it was discovered that the platform was taking bets on the Little League World Series. Pennsylvania Gaming Control Board issued a cease-and-desist letter to Bovada after Little League World Series The PGCB issued a cease-and-desist letter to Bovada upon learning that […]
Sporttrade is a Philadelphia-based sports betting operator that recently announced they are live in Arizona. That includes a sports betting app and website that are up and running for the first time since receiving licensing approval in August. The company is also partnered with the Quechan Indian tribe of the Fort Yuma Indian Reservation. After […]
Last week, the Louisiana Gaming Control Board reported that sportsbooks in the state combined for an 11.5% hold in August. That was their ninth consecutive month with a double-digit win rate. State operators collected $27.1 million in gross revenue, up 49.3% from their figures in 2023. Additionally, Louisiana sportsbooks saw a 52.3% increase in handle […]
On Thursday, the Nevada Gaming Commission reported $25 million in sports betting revenue. That was a notable year-over-year increase for operators in the state. Compared to their numbers from August 2023, the revenue was up 38.2%. That comfortably outpaced a 5.8% rise in the handle to $455.8 million. Revenue was down 3% from their figures […]
This weekend, the Octagon returns to the City of Lights as the UFC descends upon Paris for a stacked card headlined by a thrilling featherweight clash between Renato “Moicano” Moicano and Benoit Saint-Denis. Louvre-worthy! 🤩@MoicanoUFC & @BenoitSt_Denis received canvases ahead of #UFCParis 🎨: @BenjiDestouesse pic.twitter.com/52UI1shmh6 — UFC (@ufc) September 25, 2024 Moicano, a Brazilian Jiu-Jitsu […]
With how popular sports betting has become in the United States, everyone wants a piece of the action. Sports wagering is a market that has dominated the U.S. in the last six years. While the demand to profit from sports betting is higher than it has ever been, not everyone can have the success they […]
The non-profit U.S. Tax Foundation published a comprehensive report, detailing the various sports betting tax rates. A total of 38 states and Washington, D.C. offer some form of legalized sports wagering, as of September 2024. Three states have the highest tax rate at 51%: New York, New Hampshire, and Rhode Island. Tax Foundation report compares […]
Missouri governor candidates Crystal Quade (D) and Mike Kehoe (R) both support legalized sports betting in the Show-Me State. This means whomever Missourians elect as their next governor will endorse sports wagering regulation. Missouri governor candidates Crystal Quade, Mike Kehoe back Constitutional Amendment 2 for legalized sports betting In addition to Quade and Kehoe, Libertarian […]
On Wednesday, FanDuel’s parent company Flutter had its Investor’s Day. At the gathering, FanDuel announced they will aim for a 16% hold in the sports betting market by 2030. Flutter noted they project to hit $63 million in revenue by 2027. Fifty percent larger than their previous estimate. During Investor’s Day, FanDuel explained their interest […]
To start the 2024 NFL season, the league has seen several major upsets. Week three was no different than the first two. Multiple underdogs won outright bets despite being +5.5 or larger against the spread. ESPN’s Ben Fawkes reported that underdogs of +5.5 or bigger in 2024 are 13-2 against the spread. That includes nine […]
