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Legal Sports Betting News:

NHL’s Connection To Sports Betting Sees Handle Increase 224% In Two Years

June 3, 2019 by Michael Molter
St. Luois Blues - Boston Bruins - NHL Stanley Cup 2019

The Bruins are leading 2-1 against the Blues, with homecourt advantage on their side. Betting in certain approved stadiums will be launching for the next NHL season. The NHL will be soon receiving a cut of the action, as two states have included language about … Read more

Categories Sports Betting Tags NHL, Stanley Cup Finals Leave a comment

Baseball Betting The Top Action For Nevada Sportsbooks In April

June 3, 2019 by Michael Molter
Major League Baseball - Sportsbook

Nevada sportsbooks were able to keep $21.66 million in revenue for the month of April. Roughly $328 million was wagered in April, where baseball and basketball betting accounted for 80% of that total. The sports betting revenue in Nevada for April was down 33% from … Read more

Categories Revenue Tags April revenue report, MLB Baseball, Nevada Leave a comment

Oregon Partners With SBTech To Offer Sports Betting Through The Lottery

June 3, 2019 by Andy Faust
SBTech - Oregon Lottery

The Oregon Lottery will offer sports wagering via an exclusive partnership with SBTech Malta, Ltd. SBTech has been accused by competitors of operating illegally in several countries, including Turkey and Iran. Online sports betting should be live in OR well ahead of football season. SALEM, … Read more

Categories Sports Betting Tags Oregon, Oregon Lottery, SBTech Leave a comment

Discussing The NBA Finals Liabilities With Sportsbook Managers From NV and NJ

June 3, 2019 by Michael Molter
NBA Finals - Seth Curry

Teams with homecourt advantage are 29-13 since the 1977 NBA merger. Those teams only when 39% of the time if the first game spread is within 6 points. The sportsbooks in Nevada and New Jersey would take a loss with multiple early futures bets on … Read more

Categories Sports Betting Tags FanDuel, NBA Finals, Nevada, New Jersey Leave a comment

Illinois Passes Omnibus Gaming Bill, Includes Legal Sports Betting

June 3, 2019 by Andy Faust
Illinois House of Representatives

SB 690 legalizes new casinos, gambling in airports, and sports betting statewide. Online sports betting requires a $20 million licensing fee. Popular online operators like DraftKings, FanDuel, William Hill, and others are locked out of the IL market for 18 months. SPRINGFIELD, Ill. – It’s … Read more

Categories Regulatory Tags IL SB 690, Illinois Leave a comment

PropSwap Lets Sports Bettors Hedge With Less Risk

May 31, 2019 by Andy Faust
PropSwap-Sports-Betting

PropSwap is the first secondary market for US sports betting. If you want to cash out early for a guaranteed profit, PropSwap lets you sell your active wager. PropSwap currently accepts buyers from 12 US states. LAS VEGAS – With legal sports betting now a … Read more

Categories Sports Betting Tags NBA Finals, PropSwap Leave a comment

Colorado Sports Betting Bill Received Signature From Governor Polis, Now On 2019 Ballot

May 31, 2019 by Hasan Nabulsi
Governor-Polis

The Colorado sports betting bill will allow for both retail sportsbooks and state-wide mobile sports wagering apps. The taxes collected from sports betting in Colorado will primarily go towards the state’s Water Plan. Voters will be able to approve the measure on the November 2019 … Read more

Categories Regulatory Tags CO HB 19-1372, Colorado Leave a comment

About $217 Million Is On The Line With Illinois Sports Betting

May 31, 2019May 31, 2019 by Daniel Borjas
Illinois Sports Betting

Representative Mike Zalewski plans to add amendments to IL HB 1260. Adding the amendments will be one of the final attempts to legalize sports betting. The Illinois legislative session ends on Friday, May 31. SPRINGFIELD, Ill. – Mike Zalewski plans on introducing amendments to a … Read more

Categories Regulatory Tags IL HB 1260, Illinois Leave a comment

Indiana Not Expecting A Sep 1 Launch, Heads To New Jersey For Sports Betting Help

May 31, 2019 by Michael Molter
Indiana-sports-betting-bill

Licensing fees include a $100,000 application fee as well as a $50,000 annual renewal. Sports betting revenue will be taxed at a rate of 9.5% and head to the state’s general fund. Licensed sportsbooks will be given the option to partner with three suppliers, or … Read more

Categories Regulatory Tags IN HB 1015, Indiana, New Jersey Leave a comment

Projected Betting Handle And Revenue For The 2019 NBA Finals

May 31, 2019May 31, 2019 by Andy Faust
Warriors-Raptors-NBA-Finals

In Nevada, bettors risk about $9.5 million per NBA Finals game. Depending on how long the series goes, the NBA Finals could see double-digit millions of dollars in wagers in each state. Nevada will make about $39,000 in tax revenue per game of the series. … Read more

Categories Sports Betting Tags NBA Finals, Revenue Leave a comment

Senator Addabbo Takes To Radio Discussing New York Mobile Sports Betting

May 30, 2019 by Michael Molter
Senator-Addabbo-Cuomo-Sports-Betting-Bill

Legislators want mobile sports betting in order to keep the gamblers’ money inside the state. Governor Cuomo keeps going back and forth with the process for online sports betting legalization. If all goes as planned, mobile sports betting in New York could launch by the … Read more

Categories Sports Betting Tags mobile sports betting, New York Leave a comment

How To Watch The 2019 Belmont Stakes

May 30, 2019 by Andy Faust
Belmont-Stakes

Tacitus is the current favorite to with the 151st Belmont Stakes. Kentucky Derby winner Country House will not be competing, though Preakness winner War of Will is slated to run. The Belmont Stakes is scheduled for Saturday, June 8, at 6:50 p.m. (NBC, NBCSN). NEW … Read more

Categories Sports Betting Tags Belmont Stakes, horse racing betting Leave a comment
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