ESPN Bet Ends Penn Deal, Working With DraftKings For Odds

ESPN Bet Ends Penn Deal, Working With DraftKings For Odds

ESPN and Penn Entertainment terminated their $2 billion sports betting partnership after just two years due to poor market performance. ESPN immediately announced a new multiyear partnership with DraftKings, which will become the exclusive sportsbook and odds provider starting December 1. DraftKings stock surged 8% … Read more

Integrity vs. Influence: NCAA’s Sports Betting Balancing Act

Integrity vs. Influence: NCAA’s Sports Betting Balancing Act

The NCAA has modernized its belief on college athletes’ participation in pro sports betting. However, sports media continues to struggle with drawing the lines between endorsing and entertainment. INDIANAPOLIS – The NCAA Division I Administrative Committee adopted a proposal that would allow student-athletes and athletic … Read more

Kansas Celebrates 3 Years of Sports Betting: $6.9B Wagered

Kansas Celebrates 3 Years of Sports Betting: $6.9B Wagered

Kansas sportsbooks have collected $1.5 billion in wagers over the first seven months of the year. Consistently bringing in tax revenue, Kansas has seen over $1 million come in from sportsbooks in 8 of the last 11 months. TOPEKA, Kan. – Kansas is marking the … Read more

Missouri Sports Betting: Who’s Applied, When It Launches

Missouri Sports Betting: Who’s Applied, When It Launches

Missouri is gearing up for a December 1 launch of legal online sports betting. Several sportsbooks are lining up for licenses as the rules get finalized. JEFFERSON City, Mo. – With Missouri legal online sports betting scheduled to launch on December 1, the licensing process … Read more

Which NJ Sportsbook Will Shut Down From Increased Tax Rate?

Which NJ Sportsbook Will Shut Down From Increased Tax Rate?

New Jersey hiked its online gambling tax to 19.75%, up from 13% for sports betting and 15% for iGaming. Operators tied to low-revenue casinos like Caesars Atlantic City, Ocean Casino, and Monmouth Park may face an existential threat. Rising costs and shrinking margins could push … Read more

California Sports Betting: Is a Tribal Partnership the Key to Legalization?

California Sports Betting: Is a Tribal Partnership the Key to Legalization?

DraftKings and FanDuel executives met with tribal representatives in California at the Indian Gaming Tradeshow & Convention to discuss a potential partnership. The Sports Betting Alliance’s proposal seeks to license sportsbooks while ensuring revenue-sharing benefits for all 109 federally recognized tribes. Despite ongoing negotiations, tribal … Read more

CBB Sportsbooks Pull Betting Lines on The Crown Tournament

College Basketball Crown Tournament

Major sportsbooks, including DraftKings and FanDuel, abruptly removed betting lines for the College Basketball Crown Tournament, citing regulatory concerns and player uncertainty. Bettors suspect sportsbooks pulled the lines to protect themselves from inside information on player availability, while some reported having winning bets voided after … Read more

Legal Sports Betting Brief: Nebraska, D.C., Mississippi

Legal Sports Betting Brief: Nebraska, D.C., Mississippi

Nebraska is considering removing the college sports betting ban on local college and university teams. Washington DC added another online sportsbook with ESPN Bet launching after a partnership with Monumental. Senator David Blount – a pro Mississippi sports betting committee chairman – won’t file a … Read more