PointsBet took a huge loss in New Jersey this past weekend, as bettors used its unique Points Betting market to beat the sportsbook for more than $1 million on NFL games in Week 1. The majority of that loss came from a single bet on the Baltimore Ravens, who were a six-point favorite over the Miami Dolphins.
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Hillman has not been charged, but according to the affidavit filed Aug. 28 in Hancock Circuit Court, Hillman and Wells met several times while under surveillance by Indiana Gaming Control Officers
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A new NFL football season wasn’t the only thing that kicked off in recent days. It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions.
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RotoWire, one of the most popular fantasy sports companies in the country, has announced a plan to launch CoverWire, a free service that provides information such as injury reports, trades, statistics, trends and other knowledge to gamblers.
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Will it be allowed from a regulatory perspective? We are working on a couple things that might be more free to play, but will certainly tie into the election.
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Rhode Island seeks a boost from sports betting in part to offset the loss of table-game and slot-machine revenue to new casinos in Massachusetts. Twin River has blamed the new Encore Boston Harbor in Everett, Massachusetts, for a big chunk of the 34% drop in its table-games profits in July.
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None of the NFL's television partners — CBS, Fox, NBC, ESPN and, of course, the league-owned NFL Network — will make a move without consulting the league, which grudgingly seems to be more receptive.
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In a Thursday announcement timed with the start of the NFL season, MGM Resorts Chairman and chief executive Jim Murren and Buffalo Wild Wings President Lyle Tick said the goal is to offer fans and customers new digital options to enjoy games.
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Bettors from far-flung states such as Arizona, Arkansas, California, Colorado and other places have also visited the Ameristar Sportsbook in the few weeks since its opening.
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Valuations could increase significantly more, as well. The owner of the Cowboys, Jerry Jones, believes that sports gambling expansion is going to increase TV viewership and this, in turn, could make franchises more valuable.
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The question of whether to allow mobile betting, and how to regulate it, has kept several states from entering the market or more fully expanding within it, as is the case in New York.
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As the second NFL season following a U.S. Supreme Court ruling clearing the way for legal sports betting begins, the industry is growing larger and ever-more mobile.
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