It was supposed to be a windfall for states, but sports betting hasn’t gone the way many had hoped. One tax policy expert says sports betting is not — and never will be — a major source of tax revenue for states, and states are now starting to figure that out.
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It doesn’t happen very often, but sportsbooks got it wrong when setting the line between the Los Angeles Rams and the Cleveland Browns. As a result, they paid for their mistake.
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Hard Rock launched its sportsbook shortly after Gaming Innovation Group (GiG) agreed to extend its existing partnership with Hard Rock and support the casino giant with the launch of its Iowa sportsbook.
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If you bet with your heart and wagered on the best show (a matter of opinion, we realize), you went one for two. If you bet with your head and wagered on the favorite, you got the same outcome. Assuming static betting amounts, though, it was those heart bettors who saw positive return on their investments.
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In a 1,230 square foot ballroom in Florence, Indiana – a small census-designated place an hour’s drive from Cincinnati – stood hundreds of sports fanatics cluttered together with drinks in hand and eyes scattered across 13 jumbo-screen TVs. Many were from the area, but ther traveled from Indianapolis, Lexington and the Queen City.
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Sports bettors and fantasy players were dealt a small victory when the NBA front office announced a new rule that would require teams to publicly reveal their starting lineups 30 minutes ahead of tipoff.
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With the spectacular growth of mobile sports wagering in Pennsylvania and New Jersey, some bar and restaurant owners are looking to morph their venues into virtual sportsbooks to tap into the new world of legalized betting.
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On Thursday, the American Gaming Association announced a $100,000 contribution to the National Center for Responsible Gaming’s new fund, which has raised about $400,000 to support research on sports wagering in light of the activity’s national expansion since the Supreme Court overturned the federal ban on sports betting in May 2018.
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The NHL season is less than two weeks away, and the preseason has been underway for a week. While odds have been out for which team will win the Stanley Cup for months, lines are starting to pop up for team and individual wagers.
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New reports show that sports betting revenue in Mississippi increased by a staggering 48.5% in August. $19.9 million in sports bets were placed here last month. Most gambling analysts credit the start of the 2019/2020 NFL and NCAA football season for the surge in revenue.
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The sportsbetting sector in Delaware has endured another tough month. Sportsbooks seen a 42% drop with year-on-year wagers for the month of August.
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In one of the craziest games of the year on Saturday, two bad teams scored enough to produce an all-time bad beat in gambling.
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