LSB Feature: March Madness Could Return With Biggest Betting Handle Ever

March Madness

March Madness was canceled in 2020 due to the COVID-19 pandemic. Multiples states launched legal sports betting markets in 2020. Super Bowl 55 was the most wagered on Super Bowl in history. INDIANAPOLIS – This year’s March Madness Tournament has the potential to be the … Read more

Illinois Lawmakers Pushing In-State College Sports Betting

Mike Zalewski

Democratic House member Michael Zalewski has put forth a potential amendment to the initial bill for legal sports betting in Illinois. This amendment would allow in-state college sporting events to be wagered on in Illinois. Current regulations prevent sportsbooks from offering odds on collegiate events … Read more

Governor Cooper Signs Compacts, NC Sports Betting Coming In 2021

Governor Roy Cooper

North Carolina Tribal Gaming Compacts that include legal sportsbooks have been signed, sealed, and delivered to Washington, DC. After a 45-day window period in the nation’s capital, North Carolina will be able to launch its two retail sports wagering venues. North Carolina sports betting was … Read more

LSB Feature: CBB Bettors Should Be Cautious Of #1 Ranked Teams

Gonzaga Bulldogs

Betting on the number one ranked team to win the NCAA Men’s Basketball Tournament has consistently been a bad bet. Underdog bettors have cashed in big during March Madness. The last time a number one ranked school won the tournament was Kentucky in 2012. INDIANAPOLIS … Read more

Governor Roy Cooper, Tribes Reach Agreement For NC Sports Betting

Harrah"s - Cherokee Casino

North Carolina will finally be launching their sports betting market in 2021 after the approval from Governor Roy Cooper amended Tribal Gaming Compacts. An estimated $10 million is expected to be made annually from gambling on sports matchups in the Tar Heel State. Sportsbook locations … Read more

Bill To Expand NJ College Wagers Moves Forward In Legislature

Rutgers - New Jersey Sports Betting

SCR133, an amendment bill to the New Jersey sports betting law that would allow all college games to be open for wagers, is currently being heard in the New Jersey State Legislature. If the bill passes, voters in the state would have to be in … Read more

March Madness In NJ: Sarlo Pushes To Expand College Betting

New Jersey Senator Paul Sarlo

The NCAA Men’s Basketball Tournament will be hosted in New Jersey in 2025. Senator Paul Sarlo wants to adjust the state’s rules on collegiate betting to allow NJ sportsbooks to host betting lines. The legislation presented by Senator Sarlo would remove prohibitions on college sports … Read more

Sports Betting In Washington Unlikely To Launch Until 2021

Washington Sports Betting

According to the Washington State Gambling Commission, sports betting odds likely won’t be available in Washington until 2021. There are a number of regulatory hurdles that need to be cleared prior to launch, including renegotiated tribal gaming compacts and comprehensive rules and regulations. Washington is … Read more

Top Contenders To Bet On For The 2020 NBA Draft

Obi Toppin

Sportsbooks have placed odds up on the 2020 NBA Draft picks for the first and second rounds. Obi Toppin made the list and might be the sleeper pick no one saw coming as the top choice should the say of some analysts factor into the … Read more

Senator Addabbo Still Sees Online Sports Betting As The Solution

Senator Joe Addabbo

With the Coronavirus racking New York and greatly depleting its budget, mobile sports betting could provide tens or hundreds of millions of dollars in economic relief. New York residents can already enjoy mobile sports betting either in New Jersey or with international online sportsbooks. The … Read more

Nevada’s March Sports Betting Handle, Lowest In 27 Years

Vegas Sportsbook Revenue Down

Nevada’s March sports betting handle was its lowest since 1993. With COVID-19 grinding sports to a halt around the world and closing casinos, the short-term financial future for Nevada sportsbooks looks grim. Nevada does feature mobile and online sports betting, but in-person registration requirements could … Read more

Casino Closures Aren’t Boding Well For MS Sportsbooks Revenue

Treasure Bay Casino

Sports betting handle and revenue each decreased by 69% from February to March 2020. The betting month was shortened, as COVID-19 essentially shut down sports by March 12 and all Mississippi casinos were forced to close on March 16. Without online betting to fall back … Read more