New York became the first state to reach a $2 billion sports betting handle in one month. The feat occurred this October, where the state saw exactly $2,006,823,408 billion in bets. New York made over $166 thousand in gross gaming revenue for October. NEW YORK … Read more
DraftKings received nearly $5 million in wagers through five days of legal sports betting in Maine. Caesars is the only other regulated sports betting site in Maine but received only $665 thousand in bets. Maine launched legal sports betting on Friday, November 3. AUGUSTA, Maine … Read more
Maryland’s sports betting revenue report for September shows a handle of $442.5 million. Sports betting operators in the state earned $45.6 million in gross revenue. FanDuel and DraftKings combined for over $329 million in September sports betting handle. ANNAPOLIS, Md. – Maryland Lottery and Gaming … Read more
Three daily fantasy sports operators received cease-and-desist letters in Florida. The companies are accused of offering illegal bets and promoting an illegal lottery. Florida is cracking down on season-long fantasy contests in addition to the controversial prop-betting offered by the daily fantasy operators. TALLAHASSEE, Fla. … Read more
The Vermont Department of Liquor and Lottery received five applications from sports betting operators. BetMGM, DraftKings, ESPN BET, Fanatics, and FanDuel all applied for an online sports betting license in Vermont. Legal Vermont sports betting is expected to launch in January 2024. MONTPELIER, Vt. – … Read more
DraftKings released a ‘Never Forget’ parlay to commemorate 9/11. The operator pulled the bet after receiving plenty of criticism on social media. DraftKings offered +651 odds for three New York teams to win on September 11. NEW YORK – DraftKings Sportsbook made a poor attempt … Read more
DraftKings surpassed FanDuel in monthly handle for the first time since Ohio sports betting launched in January. July was the lowest monthly-handle in Ohio’s sports betting history. Ohio surpassed the $4 billion mark in seven months despite their worst month in July. CINCINNATI – Ohio’s … Read more
DraftKings received a $94,000 fine for advertising to underage players. FanDuel, PointsBet, Rush Street (BetRivers), and PENN (Barstool Sportsbook) are among the four other legal online sportsbooks to receive fines from Maryland’s gambling regulator. PENN and PointsBet received fines following major changes to their sportsbooks. … Read more
The Kentucky Horse Racing Commission approved temporary licenses for seven sportsbook operators and seven racetracks on Tuesday. Every Kentucky applicant, including Penn Entertainment’s ESPN BET, received temporary licenses. Retail sports betting launches on September 7 and mobile sports betting launches on September 28. FRANKFORT, Ky.– … Read more
Michigan regulators proposed regulations to ban daily fantasy sports (DFS) contests that resemble sports betting. The regulations target DFS operators such as PrizePicks and Boom, who offer “proposition selection” on individual player performances. Underdog and other DFS operators argue they’re legal fantasy sports and not … Read more
Four football players from Iowa State and three from Iowa are being charged for placing bets under a different name for games they played in. Iowa State’s starting running back Jirehl Brock made 1,327 online bets for over $12,000, including three games last season that … Read more
A daily fantasy sports operator Underdog Fantasy released a statement following recent scrutiny from pick’em style games. Underdog Founder and Co-CEO Jeremy Levine said that “FanDuel and DraftKings are scared of competition” and blame them for Underdog falling under attack. Levine claims that Underdog abides … Read more