Articles by Zach Wolpin (122)
The Colorado Department of Revenue reported $509.5 million in a sports betting handle in April. That’s the eighth straight month that the state has wagered over half a million dollars. Colorado just finished their fourth year of being a legal commercial wagering state. On top of their monthly betting handle, Colorado has surpassed $18 billion […]
Top sports betting brands in the US like FanDuel are owned by international online sports betting and iGaming operator, Flutter Entertainment. Recently, they completed the move of their primary listing of shares from London to New York. At the beginning of May, this proposal was backed by Flutter stockholders. In January, Flutter began trading on […]
Earlier this week, the Michigan Gaming Control Board (MGCB) issued a cease-and-desist letter to off-shore sportsbook Brovada. They were reportedly offering illegal online gambling. With Michigan taking action against Bovada, this could set a precedent moving forward for other states to take action against illegal providers. The American Gaming Association (AGA) wants to crack down […]
While sports betting operators see parlays in their handle percentages, the top providers are shifting their focus toward micro-betting. It’s a derivative of in-game/live betting. Micro-betting is technology-centric and AI software is faster than their in-house tech. Not too long ago, one of the top industry leaders DraftKings, acquired JackPocket. They are not stopping there. […]
In college sports, SEC Commissioner Greg Sankey is extremely powerful. His conference is one of the most profitable and Sankey doesn’t want to change that. On Monday, he spoke at the league’s spring meetings. Sankey discussed player props being banned in states in the SEC that have a legal betting market. The SEC recognizes the […]
In Florida, the Seminole Tribes and the Hard Rock Sportsbook have sole jurisdiction over the legal sports betting market. However, there have been ongoing discussions as to the legality of the market not being competitive. This issue has gotten so large that it is being reviewed by the Supreme Court. West Flagler Associates is in […]
Gambling addictions are no joke and they can affect all types of people. That includes professional athletes who find themselves in a predicament more often than not. In the last year, we’ve seen a few betting scandals across professional sports. Former Raptors center Jontay Porter was involved in a betting scandal. A rather serious one […]
In Massachusetts, there are currently six legal mobile sports gambling markets. They include DraftKings, ESPN Bet, FanDuel, Fanatics, Caesars, and BetMGM. The state used to have BetWynn but they’ve ceased operations. Another online sports betting app is set to go live in the next few months. It was announced that Bally’s plans to launch Bally […]
For the third time in the last five months, Arizona has recorded a sports betting handle of at least $700 million. In March 2024, they hit a new record of $760 million in wagers placed. That beat their previous record of $713.6 million set in November 2023. Additionally, that was 17.8% higher than the betting […]
In Illinois, the Sports Betting Alliance (SBA) consists of BetMGM, DraftKings, Fanatics, and FanDuel. These major operators are concerned with a proposed tax hike in the state. If the cost of doing business goes up, that could lead to several negative changes for bettors. That includes worse odds, fewer promotional bets, and even a chance […]