Sports Betting
Covering the latest stories in and around the sports betting landscape, including everything from the latest lines to fun Super Bowl props.
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 […]
The sports betting industry in Ohio achieved an incredible milestone, surpassing $10 billion in total handle since sports betting officially launched on Jan 1. 2023. Gov. Mike DeWine signed House Bill 29 into law on Dec. 22, 2021. Ohio became just one of 12 states to surpass $10 billion in lifetime handle, also the fastest […]
The Seminole Tribe of Florida owns Hark Rock International. Last week, they confirmed the plan is to open the $550 million integrated resort and casino in Bristol, Virginia at a later date. They were planning to have the resort open up in phases, starting this July. Instead, they will now open up in the fall […]
Arizona Diamondbacks left-handed pitcher Andrew Saalfrank, a reliever in Triple-A Reno for the Diamondbacks who was a part of last year’s World Series team, has been issued a one-year suspension by the MLB for betting on baseball games when he was a minor leaguer in 2021 and 2022, the commissioner’s office announced. Arizona Diamondbacks pitcher […]
FanDuel remains the largest mobile sports betting contributor in Virginia, according to a Freedom of Information Act request by the Virginia Lottery. FanDuel accounted for more than half of Virginia's total gross sports betting revenue in April Virginia collected $60 million in total gross sports betting revenue in April. That was the fourth time in […]
On Wednesday, Illinois Governor JB Pritzker signed a bill to establish a new progressive sports betting tax rate in the state. He signed the $53.1 billion budget package for the 2025 fiscal year. These brand-new tax rates will go into effect starting July 1. About a week ago, HB 4951 was passed during an all-night […]
