The American Gaming Association is warning leagues to avoid creating partnerships with Kalshi and other prediction markets as states stake their claim to what is legal sports betting. A Colorado judge denied two tribes in Colorado their right to offer sports betting based on the … Read more
Two northeast lawmakers introduced the SAFE Bet Act – a measure to bring federal oversight to the US sports betting industry. Removing away from a federal approach in 2018 (the repeal of PASPA), this measure is unlikely to advance. It calls for stricter advertising regulations, … Read more
The exclusion of offshore sportsbooks and state restrictions contribute to a lower 2024 tournament betting estimate compared to 2023. State regulations on college teams and player prop bets limit local sportsbook action. The lack of women’s March Madness tournament betting odds helps show there could … Read more
Sportsbooks fail to regulate a common list of rules and take each bettor on a case-by-case basis. This means sportsbooks can restrict one bettor for something many other bettors are doing. Taking away the cash out feature for some shows favoritism toward the unsuccessful bettor. … Read more
The American Gaming Association (AGA) estimates 45 million Americans will wager over $3.1 billion on the NCAA Men’s and Women’s college basketball tournament, better known as March Madness. This is a lower projected number of bettors compared to 2021, but more money is expected to … Read more
There was a 95% increase in online sportsbook accounts that bet on the Super Bowl this year. There were 5.6 million accounts used to bet on Super Bowl 56. There was an expected $7.61 billion betting handle for Super Bowl 56. LAS VEGAS – Following … Read more
Several professional golfers went on record this week to show their support for sports betting, citing its role in growing the popularity of golf among a wider audience. PGA Tour viewership is seeing its best ratings in several years as legalized sports betting industries continue … Read more
Zion Market Research released a study that projects the global sports betting market will reach $179.3 million in revenue by 2028. The global sports betting industry hit $131.1 billion in revenue for 2020. The American Gaming Association (AGA) has reported 45.2 million Americans will be … Read more
Nevada has shutdown any prospects for allowing remote sportsbook registration for mobile applications. The state will continue to require sports bettors to visit a land-based location to join mobile platforms for sports betting for the foreseeable future. LAS VEGAS – The state of Nevada is … Read more
The American Gaming Association found that 59% of gamblers want to see a digital payment option available at land-based casinos and sportsbooks. Digital payment options must first be approved on a state by state basis before venues are allowed to offer them to patrons. The … Read more
American Gaming Association CEO Bill Miller is concerned about the ineligibility of gaming businesses for loans from the Small Business Association’s Paycheck Protection Program. Under the current guidelines, hundreds of thousands of casino and gaming industry employees will be left unprotected during the COVID-19 crisis. … Read more
• St. Louis is the 13th-ranked gambling market in the US. • MO casinos reported 1% year-over-year growth, while KS casinos grew by 5%. • Sports betting has not yet been legalized in either state. ST. LOUIS – According to a new survey by the … Read more