The sports betting market will grow to $9.2 billion by 2025 according to a report by J.P. Morgan. DraftKings was estimated to spend $93 million on advertising through the first three quarters of 2020. Major media outlets such as ESPN, FOX Sports, and Bleacher Report … Read more
The sports betting market suffered early in 2020 due to the global coronavirus pandemic shutting down major sports from playing. Online sports betting grew in popularity with people being forced to stay home. Multiple sporting leagues running simultaneously led to increases in sports betting revenue. … Read more
A new study finds that gambling and sports betting could bring over $700 million in annual tax revenue to the state of Alabama. Governor Kay Ivey is open to the idea which could allow Alabama to join states like Mississippi and Tennessee in allowing legal … Read more
There are a total of 25 states that have legalized sports betting, 19 of which have active sportsbooks. Residency in a state is not required when betting on sports in a state with legal sportsbooks. Withdrawals can be made when travelers head home, but further … Read more
In Virginia, all cities with casino gambling on their ballot approved of the measure. This could bring land-based sportsbooks to those areas. Question 2 which would legalize sports betting in Maryland, has passed. Voters in South Dakota will likely pass Amendment B which will legalize … Read more
Various states across the nation could still see sports betting legalized in 2020 for a 2021 launch. The Coronavirus pandemic may help lawmakers warm up to the idea because of the revenue it could bring to economies trying to come back from huge financial losses. … Read more
West Virginia has been accepting sports bets since August 30, 2018 Surrounding states all have bills ready to legalize sports betting This will add to the competition that West Virginia never really had CHARLESTON, W. Va. – As more and more states surrounding West Virginia … Read more
LEXINGTON, Ky. – Kentucky has long been the epicenter of American horse racing, but industry leaders are worried that sports betting could have negative consequences for the horse racing market. According to some horsemen’s groups, the key to survival is utilizing sports betting’s fixed-odds model. … Read more