In early 2022, the province of Ontario was coming to the realization that change was afoot in the online gaming world, at least for them. The provincial government had passed regulations on all online gaming. This included virtually every gaming activity that Ontarians had previously gone to “rest of the world” companies to participate. Sports… Read more »
sports betting
NFL Bettors Flocked to a Kicker Prop?
Root for no touchdowns! At the almost-quarter mark of the NFL season (moving to a 17-game schedule last year really messed up the nice, clean arithmetic) things are already weird. The Philadelphia Eagles are undefeated, the New York Giants and Miami Dolphins are 3-1, and the Jacksonville Jaguars look…decent? Tua Tagovailoa and Geno Smith are… Read more »
Sports Betting Going in Different Directions in California, Missouri
Since 2018, sports betting has taken off across the States of America. The ability to bet on sports, either online or live, has energized fans of all sports and helped the coffers of different states. Two states, however, are heading in two completely different directions regarding the dicey subject. California Maybe… The state of California… Read more »
Mojo App Brings NFL Player Stock Trading to Sports Betting
NFL stock market You know sports betting is booming in the United States when a service launches that offers something other than the typical wagering experience. On Monday, the Mojo app, founded in part by former baseball star Alex Rodriguez, went live in the New Jersey market, giving customers the opportunity to buy and sell… Read more »
Former Professional Baseball Player Pleads Guilty to Operating Illegal Betting Ring
Two men, one a former professional baseball player, pleaded guilty on Monday to operating an illegal gambling business. 45-year-old Wayne Nix, who pitched for several years in the Oakland A’s minor league system, will be sentenced on July 20 and faces up to eight years in prison. His business partner, 44-year-old Edon Kagasoff, is scheduled… Read more »
Sportsbooks Took Bets on “Live” Fights That Actually Occurred a Week Earlier
Betting is easy when you know who wins One of my wildest fantasies is to get a copy of Grays Sports Almanac and then make a boatload of money betting on sporting events for which I know the outcome. While that is not at all possible until I acquire a DeLorean, a situation did arise… Read more »
Bally’s Believes the Slow But Steady Strategy Will Win the Online Sports Betting Race
Bally’s is banking on the quality of its Bally Bet product being the draw when it enters the New York and Arizona online sports betting markets. While most operators try to jump into a new market on day one or at least as quickly as possible, Bally’s is taking its time. In last week’s earnings… Read more »
DraftKings Stock Continues to Tumble After Earnings Report
Not a pretty chart DraftKings, one of the top two names in daily fantasy sports, is also now one of the biggest brands in legal, regulated sports betting in the United States. But that name recognition has not helped its stock price lately, as the company has lost billions in market share. In terms of… Read more »
Super Bowl LVI a Boon for Nevada Sportsbooks
Record-breaking weekend The Super Bowl is now in the rear view mirror, with anyone who isn’t specifically a Los Angeles Rams or Cincinnati Bengals fan probably only remembering the halftime show for either being pretty cool or, in a bizarro universe, scandalous. Not that it wasn’t a good game – L.A.’s last-minute go-ahead touchdown and… Read more »
Online Sports Betting Launches in New York
There were some happy sports betting operators this past weekend, as New York online sports betting finally launched. One of the most coveted markets in the country, New York is the fourth-most populous state with an estimate 19.5 million residents, plus loads who commute to the state for work every day. It ranks behind only… Read more »
Jets Near-Win Against the Buccaneers Was Very Good for Sportsbooks
Almost the upset of the season As the American football season winds down, so, too does the most wonderful time of the year for sportsbooks. I always enjoy hearing about the interesting bookmaker situations and games for a given weekend, and since it’s still a little slow on the news front after the holidays, I… Read more »
Sportsbooks Pay Both Sides After College Basketball Final Score is Wrong
Bettors spotted a rare stat-keeping mistake in a college basketball game this past weekend that persisted through to the final score. After the score was corrected, some sportsbooks decided to pay out wagers on both sides. It was a game that not a whole lot of people paid attention to besides alumni of the schools… Read more »
Sportsbooks Made a Killing on NFL Games in November
Does everyone really love an underdog? The betting gods giveth and the betting gods taketh away. After an ultra successful October, NFL sports bettors got destroyed in November, leading to what Superbook executive director John Murray told ESPN was “one of our best hold months in Nevada on record.” Jeff Stoneback, who heads BetMGM’s Nevada… Read more »
Federal Judge Strikes Down Seminole Tribe’s Gaming Compact With Florida, Threatening Sports Betting
A major question mark hangs over the sports betting industry in Florida after a federal judge ruled on Monday that the state’s compact with the Seminole Tribe violates federal law. As a result, all sports betting in the state will likely have to come to a halt. That has not stopped the Seminole Tribe yet,… Read more »
DraftKings Sports Betting National Championship Marred By Technical Problems
Try to hit it big The highly-anticipated 2021 DraftKings Sports Betting National Championship took place this weekend and it did not go well. In fact, “took place” is being generous. Technical issues caused significant problems, tilting the playing field, and eventually resulted in the competition having to end early. After problems marred the 2019 edition… Read more »
Football Index Transferred £15m in Player Funds to Its Parent Company
Spent money that wasn’t theirs The Football Index scandal was bad. It was a disaster for thousands of the site’s users, but there was still some question when all was said and done as to whether or not management was incompetent or unethical. Signs leaned toward the latter, but what The Athletic recently uncovered tilts… Read more »
BetMGM Rewards Bettor After Parlay Bet Comes Up Short
The gambling world was entranced this week by the story of the man who, given a $25 free bet by the sports betting site BetMGM, decided to shoot the works and go for a 16-team parlay last weekend. The unnamed gentlemen came up a bit short in that goal, however, picking the first fifteen games… Read more »
BetMGM Customer Misses $737k Payday By One Game on a 16-Leg Parlay
Just need all of them to win, no problem I have had a great sports year. My Milwaukee Bucks won their first NBA championship in my lifetime, my Milwaukee Brewers are on the cusp of a division title, and my college has won multiple team and individual national titles. My Green Bay Packers are one… Read more »
Arizona Sports Betting Ready to Go September 9 as Judge Denies Tribe’s Injunction Request
Plenty of sports betting options in Arizona Sports betting operators can start taking bets in Arizona on Thursday, September 9, after a judge ruled against a tribe that had filed an injunction to block the industry’s launch. On Monday, Maricopa County Superior Court Judge James Smith rejected most of Yavapai-Prescott Indian Tribe’s arguments. Arizona Governor… Read more »
Social Sportsbook Wagr Earns Sports Betting License in Tennessee
Facilitating bets between friends The Tennessee Education Lottery (TEL) has approved social sports betting site Wagr to begin offering its product in the Volunteer State. With the green-lighting of both Wagr and Barstool Sportsbook on Tuesday, Tennessee now has nine sports betting operators. Wagr is an interesting sportsbook, different than most traditional bookmakers. It is… Read more »
Arizona Sports Betting Incoming, But Two Lawsuits Threaten to Delay Launch
Most licenses taken already Arizona’s sports betting industry is set to launch on September 9, which is likely not coincidentally the first day of the NFL season. But injunctions filed by two entities have forced emergency hearings this coming Friday and threaten to delay sports wagering in the state. Before we take a brief look… Read more »
Canada Single-Event Sports Betting Begins August 27
A new era in sports betting My friends north of the border, if you have been itching to put a few bucks down on a Blue Jays game or really want to degen it up and bet on the NFL preseason, your wait is just about over. Next Friday, August 27, sportsbooks in Canada will… Read more »
Florida Gaming Compact Approved by Interior, But Legal Challenges Await
After a long wait, the Florida Legislature, the office of Governor Ron DeSantis and the office of Seminole Tribe chair Marcellus Osceola, Jr., got the answer they were waiting for. The U. S. Department of the Interior, by taking no action against the compact signed in April, has given their consent to said compact. That… Read more »
Sportsbooks Set Super Bowl Futures; Chiefs, Buccaneers Stand Above Field
Predicting a Super Bowl rematch? NFL training camps are underway and with that comes the ramp-up to the 2021-2022 season, the first one in two years which should have fans in the seats at every game. The specter of COVID-19 still looms large, especially as the league recently threatened teams with forfeits should an unvaccinated… Read more »
Canada’s Sports Betting Industry About to Explode as Senate Passes Single-Event Betting Bill
Current sports betting industry is handcuffed Canadian sports fans who want to throw a few bucks down on a game will soon be able to, thanks to the Senate of Canada passing bill C-218 on Tuesday. The bill, which passed 57-20-5, legalizes single-event sports betting in the country. All that is left now, as it… Read more »