Tuesday marked six years of land-based sports betting in Rhode Island. Since 2019, Rhode Island sportsbooks have earned north of $200 million from sports betting Rhode Island residents bet roughly 30% less year over year at retail locations from fiscal year 2022 to 2024. PROVIDENCE, … Read more
DraftKings faced a fine in Ohio and questions in Massachusetts for unregulated sports betting actions. Countries outside the US are cracking down on illegal sportsbooks as they attempt to launch their own industries. CLEVELAND – This week’s legal sports betting brief highlights the growing pains … Read more
The Boston Celtics have -235 odds to beat the New York Knicks and are taking 93% of bets. The Minnesota Timberwolves are 1-point favorites over the Los Angeles Lakers with just 52% of bets. BOSTON – With the NBA season finally here, the bets are … Read more
Defending NBA Champions dominate on Opening Night. The Boston Celtics are 5-point favorites against the New York Knicks. The Los Angeles Lakers have +100 odds to beat the Minnesota Timberwolves. BOSTON – The NBA season is back and there is a double header on Tuesday … Read more
Drake Maye has -115 odds to go over 206.5 passing yards. Brian Thomas Jr.’s receiving yard total is 54.5. LONDON – The NFL London games continue, and the Jacksonville Jaguars are the designated home team and favorites against the New England Patriots. While the Jaguars … Read more
Betting on the 2024 Paris Olympics expects to double from $20 million in 2021 to $40 million at this year’s games. A rise in legal sports betting states throughout the country is the main contributor to increased American betting expectations. Data from Google Trends supports … Read more
The exclusion of offshore sportsbooks and state restrictions contribute to a lower 2024 tournament betting estimate compared to 2023. State regulations on college teams and player prop bets limit local sportsbook action. The lack of women’s March Madness tournament betting odds helps show there could … Read more
With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves … Read more
Massachusetts set a monthly sports betting handle record with $654.4 million wagered in November. November’s handle marked a 14.4% increase from October, which previously held the record for the highest monthly handle. DraftKings received more than half of the record-setting online sports betting handle. BOSTON … Read more
DraftKings faces a class action lawsuit from Massachusetts citizens who opened accounts with DraftKings in response to the $1,000 bonus sign-up promotion. The Public Health Advocacy Institute alleges that the $1,000 bonus is “unfair and deceptive” for new customers. Richard Daynard spearheads the lawsuit, the … Read more
DraftKings gets off the hook for more than $575,000 in winning bets to Massachusetts players who took advantage of an error. The Massachusetts Gaming Commission voted 3-2 in favor of DraftKings providing a cash or bonus bet compensation for customers who wagered on the incorrect … Read more
Americans bet $79.76 billion on sports since January of 2023. Based on current pace and upcoming sporting events, the market expects to continue its growth and surpass the $100 billion mark before the year ends. The emergence of new online sportsbooks and more states with … Read more