Representative Brad Hill spoke to LegalSportsBetting about the potential to legalize sports betting in Massachusetts now that the legislative session has been extended through January. A legal sports betting market in Massachusetts estimates a projected $30-$50 million in annual revenue for the economy of the … Read more
Tribal Chairman of the Mashantucket Pequot Tribe, Rodney Butler, wants answers as to why his Tribe and the Mohegan Tribe cannot open up legal sportsbooks in Connecticut. A 1991 gaming compact gave exclusivity to all gaming in Connecticut for these two Tribes which would make … Read more
August could set new records for U.S. sports betting handle as major league sporting events are coming back. In August 2019, the U.S. brought in a combined handle of $744,065,765 and some insiders think that a new record will be set because of the unique … Read more
Novak Djokovic was favored to win the US Open with +150 odds. Rafael Nadal wasn’t far behind with +350 odds to win the US Open. On the woman’s side, Ashleigh Barty has already withdrawn from the competition. NEW YORK—With the US Open set to take … Read more
MGM has endured monumental losses for its second quarter in 2020 because of the Coronavirus. The company remains focused on a solid third quarter as the world begins to reopen and business can once again begin. NEW YORK – MGM Resorts International closed their second … Read more
The Senate rejects sports betting legislation in MA HB 4887. Some Senators believe that now was not the right time to focus on sports betting. The official legislative session is over but an informal session is still in progress. BOSTON – Massachusetts sports betting bill … Read more
The outbreak of COVID-19 has played a pivotal role in the losses reported for Q3 of theScore in 2020. They recorded an EBITDA loss of $22.2 million for the first three quarters of 2020 which is a tremendous surge compared to their 2019 EBITDA of … Read more
NBA betting odds return to the sportsbooks Thursday with two games on TNT. The league returns with 22 teams playing in a bubble environment at the ESPN Wide World of Sports Complex at Disney World in Orlando, Florida. The NBA has a comprehensive set of … Read more
Rhode Island has nearly tripled its sports betting revenue for the fiscal year with $18.7 million made in 2020. In 2019, the state brought in only $6.9 million, showing a spike for the market in popularity. The gaming industry is the third-largest source of revenue … Read more
Nevada handled $78.2 million in sports wagers in June and lost $483,000 in revenue on these wagers. It was the first month where Nevada sportsbooks have lost money since July 2013. The betting handle should continue to increase in July and August as major American … Read more
PointsBet USA had an abysmal year for profits when compared to its Australian market that brought in the bulk of earnings for 2020. The sports betting company attributes their poor U.S. numbers to the outbreak of COVID-19 and how it affected major sporting events. NEW … Read more
Two MLB games were canceled Monday after 14 players and staff of the Miami Marlins tested positive for coronavirus. The New York Yankees also postponed their game Tuesday after postponing Monday’s game as well. DraftKings instantly saw a negative effect of the news, as their … Read more