High-Risk Bank Loans For Sports Betting Approved In Tennessee

Twin Spires - Tennessee Lottery

Tennessee lawmakers approve high-risk flex loans for lenders to coincide with the Action 24/7 sportsbook. This will act as a store for sports bettors to deposit gambling funds as well. The annual interest rates are up to 279.5%. NASHVILLE, Tenn. – In an interesting twist … Read more

Online Iowa Sportsbooks No Longer Require In-Person Registration

DraftKings Sportsbook

Iowa will forego in-person mobile sportsbook registration beginning in 2021. The Iowa sports betting law only required the in-person stipulation to be enforced until the end of 2020. On Jan. 1, all mobile sports wagering platforms in Iowa can be joined and used remotely by … Read more

LegalSportsBetting Brief: Ohio Fails To Pass Sports Betting In Session 12/30/2020

Ohio Sport Betting Legislation Fail

The Philadelphia 76ers and BetMGM have partnered and FanDuel Sportsbook entered a partnership with WarnerMedia’s Turner Sports. Ohio’s Legislature has adjourned for 2020 without passing Sub. SB 111 that would have allowed legal sportsbooks in the state. Alabama, Florida, and Georgia are all in talks … Read more

LegalSportsBetting Brief: NC To Launch Sportsbooks Next Year 12/22/2020

Governor Roy Cooper

North Carolina will have legal sports betting launch in 2021 at both Harrah’s locations in the state. Tribes in California received the required number of signatures to get legal sports wagering on the November 2022 ballot while Ohio continues to try for sports wagering legalization … Read more

Charles Barkley To Be The Face Of FanDuel For NBA On TNT

Charles Barkley - FanDuel

Former NBA superstar Charles Barkley will represent FanDuel during NBA on TNT broadcasts. FanDuel previously struck a deal with Turner Sports to give them access to NBA games on TNT. Morgan Stanley estimates that the United States sports wagering industry will bring in $7 billion … Read more

FanDuel Partners With CAGE Companies For LatAm Sports Betting

FanDuel - CAGE Companies

FanDuel’s partnership with The Cage Companies will allow FanDuel to offer sports betting at CAGE gambling terminals where CAGE is licensed and sports betting is legal. FanDuel will be accessible to 24% of the US population in 2021 after they launch in Virginia and Michigan. … Read more

ErisX, RSBIX Join To Offer Futures Betting Contracts For Sale

ErisX

Regulated sportsbook index exchange company RSBIX and designed contract maker ErisX have partnered for an all-new sporting event contract exchange program. The new program allows sportsbooks to sell unique wagers to other sportsbooks and valid personnel. This method can help smaller books recover from potential … Read more

LegalSportsBetting Brief: NC To Launch Sportsbooks In 2021 12/8/2020

DraftKings - Foxwoods Resort

Missouri has pre-filed three bills to make sports betting legal during the 2021 session while DraftKings partnered with Foxwoods Casino in Connecticut to make a push for 2021 sports betting legislation. Governor Roy Cooper of North Carolina agreed to the ratified Tribal Gaming Compacts that … Read more

Sportsbook Gift Cards Available By Blackhawk Network For Holidays

GameOn - DraftKings

Game On is a sports betting gift card that allows users to fund their sportsbook accounts using money from the gift card. The Game On gift card is available for purchase this holiday season in New Jersey and Pennsylvania. The maximum for any one gift … Read more

Flutter Acquires 37.2% More of FanDuel, Giving It 95% Ownership

FanDuel - Flutter

Flutter Entertainment will be acquiring an additional 37.2% stake in FanDuel for $4.1 billion. Flutter will be purchasing the shares from Fastball Holdings. Flutter initially invested in FanDuel in 2018. NEW YORK – Flutter Entertainment has decided to further invest in sports betting by acquiring … Read more

Bud Light, FanDuel, & The Denver Broncos Team Up For Betting Event

FanDuel - Bud Light - Denver Broncos

The Bud Light Pick & Kick Bonus will be a betting event brought to fans of the Denver Broncos on December 19 by the team, Bud Light, and FanDuel. Colorado has had a booming sports betting market since its launch in May. DENVER – December … Read more