Legalizing Sports Betting Would Solve The “Single Greatest Threat” of Kentucky

kentucky_sports-betting

Kentucky is $39 billion short for paying pensions over the next 30 years. The state could generate $48 million a year from legalizing sports betting. The bill to permit sports betting was approved in Committee this month. Kentucky legislators unanimously approved House Bill 175 in the … Read more

PGA TOUR To Embrace Sports Betting Sponsorships; Players Welcome New Regulations

phil-mickelson

PGA TOUR Will Allow Players To Be Sponsored By Major Gambling Companies Gambling Companies Can Now Be Considered Official Marketing Partners of the PGA New Policies Are Effective Starting This Week Golfers participating in the PGA TOUR have long been sponsored by major brands such … Read more

Ex-manager Bobby Valentine, Tribes, and Lottery Weigh In On Connecticut Sports Betting

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In fiscal year 2018, the Mashantucket Pequot and Mohegan tribes provided the CT with $273 million Connecticut tribal leadedrs are fighting for sports gambling exclusivity in the state MGM Resorts and other casinos have expressed interest in enterting the CT sports betting market HARTFORD, Conn. … Read more

Nevada Declines MLB Request To Ban Spring Training Betting

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LAS VEGAS – Major League Baseball is doubling down on its “integrity” strategy as Spring Training gets underway, asking the Nevada Gaming Control Board (NGCB) to pull the plug on all wagers being offered on its preseason contests. The NGCB, however, declined to stop state … Read more

MLB And Sportradar Partner To Sell Official League Data To Sportsbook Operators

mlb sporttrader deal

Sportradar is an international provider and seller of sports information and data Mark Cuban, Michael Jordan, and Ted Leonsis are all advisory board members for Sportradar This is MLB’s first major partnership involving sports betting outside of the U.S. With the rapid expansion of sports … Read more

Monumental Sports To Make A Monumental Renovation Of Capital One Arena

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WASHINGTON – Phase II of the $50 million renovations to Capital One Arena was announced by Monumental Sports & Entertainment earlier this week. Monumental Sports, who owns the venue, released their plans for the privately funded $15 million addition which includes adding a new scoreboard, … Read more

Is Sports Betting At Odds With Horse Racing?

Horse Racing

LEXINGTON, Ky. – Kentucky has long been the epicenter of American horse racing, but industry leaders are worried that sports betting could have negative consequences for the horse racing market. According to some horsemen’s groups, the key to survival is utilizing sports betting’s fixed-odds model.  … Read more

Caesars And DraftKings Agree To Multi-Year Sports Betting Deal

caesars entertainment

DraftKings and Caesars Entertainment agreed to a multi-state, multi-year partnership yesterday which would allow for DraftKings to tap into Caesars’ gambling market. According to a press release from Caesars, the deal includes the ability for DraftKings to operate the online and mobile gambling platforms in states … Read more

Pennsylvania’s $32M In Sports Betting Could Increase With Online Wagering

pennsylvania sports betting

HARRISBURG, Pa. – Over $32 million was wagered in Pennsylvania in January, and those numbers may increase if the state brings online and mobile wagering to the table.  January marks the second full month that that sports wagering was legal in Pennsylvania. The $32 million … Read more

WatchandWager Secures Betting License, Eyeing Sports Wagering In California

california horse racing

SACRAMENTO, Calif. – North California horse racing fans will be pleased to know that they will be able to use the WatchandWager online platform until at least 2021. Webis Holdings, the parent company of WatchandWager, was approved by the state for a betting license extension, … Read more

Prairie Meadows Takes Action On Iowa Sports Betting

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ALTOONA, Iowa – Last Thursday an Iowa Senate Subcommittee advanced potential legislation that would legalize sports betting in the state’s casinos. Even though it hasn’t been signed into law yet, Prairie Meadows is betting that it will and has already built a $1.5 million sportsbook … Read more