Sports Betting
Covering the latest stories in and around the sports betting landscape, including everything from the latest lines to fun Super Bowl props.
Maryland recorded $431.5 million total in sports betting handle for the month of May, a 34.8% increase year-over-year compared to the $320.2 million total in May 2023. Old Line State operators also combined for an 11.8% hold with winnings totaling $380.4 million. Maryland retail operators contributed $12.1 million, mobile sportsbooks added $419.4 million According to […]
In Texas, lawmakers are still working to try and legalize sports betting. They’ve been at this for a few years now but continue to run into the same issue. These proposed sports betting bills make it through the House. However, they all quickly die in the Senate. It’s still an uphill battle for lawmakers to […]
The PASPA Act was overturned by the Supreme Court in 2018. That allowed regulated sports betting to be legalized in the US. Since then, 38 states have some form of legal sports betting. Whether that be online or at a physical casino location. In a USA Today report, MLB players have detailed their growing concerns […]
In the Volunteer State, sports betting regulators recently approved fines against two sportsbooks. They are ZenSports and Fanatic Sportsbook. During their May meeting, the Tennessee Sports Wagering Council (SWC) approved a $60,000 fine for ZenSports. They failed to maintain a high enough reserve balance for their Tennesee sports betting operations. Additionally, a $50,000 fine was […]
The Massachusetts Gaming Commission (MGC) voted to award the City of Springfield a grant to help address gambling-related harm affecting the youth, the commission announced Friday. Massachusetts Gaming Commission voted to award the City of Springfield a $275,000 grant Moreover, commissioners voted to award Springfield with a $275,000 grant as part of the Massachusetts Community […]
The North Carolina State Lottery Commission reported an online sports betting handle of $525.5 million in May 2024, a 19% decrease compared to April a few months ago. North Carolina has generated $1.8 billion in betting revenue, $234.8 million in gross wagering revenue A drop in promotional credits was a contributing factor. The Tar Heel […]
According to Arizona law, the Grand Canyon State allows up to 20 sportsbooks. There are currently 16 active online sportsbooks in the state: Bally Bet, bet365, Betfred, BetMGM, BetRivers, Betway, Caesars, Desert Diamond Sports, DraftKings, ESPN BET, Fanatics, FanDuel, Golden Nugget, Hard Rock Bet, SaharaBets, and SuperBook. Arizona has 16 active, licensed sportsbooks in the […]
This week, various experts in the industry met to discuss collegiate sports betting integrity at the Michigan Control Game Board (MCGB). Top experts in gaming ad regulation attended including the NCAA, BetMGM, Integrity Compliance 360 (IC360), and the FBI. They all met at the Cadillac Palace in Detroit, Michigan. In the state, there are over […]
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 […]
