Illinois Sports Betting Handle Reached Over $500M In February

Illinois Sportsbook

Illinois had the third-highest sports betting handle in February with $509.8 million. The Casino Queen (DraftKings) had the highest sports betting handle in February with $199.8 million. The retail sports betting handle in Illinois in February was $ 19.6 million. CHICAGO –The Illinois sports betting … Read more

LSB Feature: Can Sports Betting Be A Legitimate Side Hustle?

Sportsbooks vs. DFS

According to a survey run by Whistle Wise Quantitative Research, 76% of young sports betting fans view legal sports betting as a form of entrepreneurship. Americans bet billions on sports every year. Many prominent figures have made a living off of sports betting. LAS VEGAS … Read more

Mobile Sportsbooks Passed On The New York 2022 FY Budget

Governor Andrew Cuomo

The budget proposal in New York has passed with regulated mobile sportsbooks included in the paperwork. New Yorkers will see up to six regulated mobile sports betting platforms launch by September for the NFL season. Over 90% of all sports betting that will occur statewide … Read more

Fox Files Lawsuit Against Flutter Over Disputed FanDuel Stake

FanDuel - FOX - Flutter

Fox Corporation has filed a lawsuit against Flutter Entertainment. The lawsuit stems from an earlier agreement between the companies that promise Fox a stake in FanDuel at a specific cost. Flutter argues that Fox should pay a fair market price. NEW YORK – Fox Corporation … Read more

Sportsbook Apps See Surge of 559% In Downloads For March Madness

DraftKings Mobile Sports Betting App

Sports bettors have downloaded more mobile sports betting apps in March 2021 than they did in March 2020. March Madness was one of the reasons for the surge in downloads and sports wagering activity. FanDuel and DraftKings saw the bulk of downloads and wagers for … Read more

FanDuel Group Partners With Detroit Tigers/Detroit Red Wings

Detroit Redwings

FanDuel Group enters a new collaboration agreement with MotorCity Casino. This allowed FanDuel SPortsbook to be official gaming partners of the Detroit Red Wings and Detroit Tigers. The sportsbook now gains exclusive access to team data and marks. DETROIT – FanDuel Sportsbook and MotorCity Casino … Read more

VA Sports Betting Revenue Down Despite $266M Handle In February

Virginia

The sports betting industry in Virginia has posted another negative month for February with over $3 million in the red. Although the Commonwealth saw a loss, handle was at a record high at $265.8 million for the month. Over 7.3% of wagers came from Super … Read more

LSB Feature: SPAC’s Influence In The Legal Sports Betting World

Wall Street Bull

Sportsbooks like DraftKings have gone public. Flutter Entertainment is considering making FanDuel its own company and making it go public. Diamond Eagle is looking to invest in sports betting company theScore. NEW YORK – The legal sports betting market has continued to bloom and more investment … Read more

Bill Proposals For Regulated Sportsbooks In CT Move Forward

Connecticut Legislature

The Connecticut General Assembly will be hearing bills regarding the regulation of mobile and retail sportsbooks in the state. Governor Ned Lamont wants to see regulated sportsbooks launch in Connecticut by the start of NFL season. HARTFORD, Conn. – With a deadline fast approaching as … Read more

Sportsbooks Hit Snafu During First Moments Of March Madness

March Madness Betting

Users reported issues at mobile sportsbooks BetMGM and FanDuel in the opening moments of the NCAA Tournament. Live betting odds were momentarily down at SBTech backed sports betting platforms. INDIANAPOLIS – The 2021 NCAA Men’s Basketball Tournament is usually one of the most heavily wagered … Read more

Talking Sports Betting Ads During Problem Gambling Month

New Jersey Sportsbook Advertisement

Pennsylvania residents saw online gambling ads during Sabrina the Teenage Witch. Indiana sportsbooks have been advertising locally as well. European markets banned sports betting ads in the past. INDIANAPOLIS – With the continued popularity of legal sports betting and the increased competition in the market, … Read more

Virginia Lottery Licenses 2 More Sportsbooks: Golden Nugget, Bally’s

Virginia Lottery - Sports Betting

Virginia now has eight licensed sports wagering operators in the Commonwealth. The Golden Nugget Online and Bally’s have been given temporary licensure to open their mobile sportsbooks but each will likely launch in the summer rather than for March Madness. Virginia Governor Ralph Northam currently … Read more