Major league sports in Canada have asked government officials to legalize sports betting in the country via a combined statement. Sports betting is a regular occurrence in Canada and legalizing the market could only add revenue to the country as well as establish consumer safety. … Read more
Indiana recorded $37.4 million in total sports betting handle in May and $3.2 million in revenue—a hold rate of 8.5%. Handle increased 42% from April and revenue increased 104%. Indiana sportsbooks appear to be on the road to recovery, but they won’t return to pre-pandemic … Read more
In the last five years, the 2018 Milwaukee Brewers (+19.42u), 2018 Tampa Bay Rays (+22.28u) and 2016 Texas Rangers (+27.83u) have had the best seasons. Using this info, the teams with the best chance of reaching these numbers in 2020 are the Cleveland Indians and … Read more
Horse racing returned to Puerto Rican sportsbooks this weekend for the first time since the Covid-19 pandemic. The Puerto Rico’s Horse Reform Committee reported 856,524 bets were placed on horse racing this weekend. SAN JUAN, Puerto Rico — Horse racing returned to sports betting menu … Read more
In its first month of operation, Colorado earned a remarkable $25.5 million in sports betting revenue—a staggering total given ongoing COVID-19 restrictions. Colorado has very few restrictions on sports betting operators and low barriers to entry, which should help it quickly develop into one of … Read more
International Game Technology PLC (IGT) has announced extensions and expansions of its lottery deals with Missouri, Virginia and Tennessee. IGT will also be rolling out an improved online sportsbook for Rhode Island. These developments could signal that IGT is primed for a surge in stock … Read more
The MLB regular season has -500 odds of happening this year. MLB owners have already approved a plan for an 82-game regular season with a target date set for July the MLBPA has yet to agree with a plan. Negotiations between the MLB owners and … Read more
DraftKings appears primed for continued growth despite the disruptions caused by the ongoing Coronavirus pandemic. In 2020 and 2021, the company is focusing on expanding its live betting options and its consumers’ awareness of live betting. The company has also begun exploring an acquisition of … Read more
Five states have reported their April sports betting figures: Indiana, Iowa, New Jersey, Pennsylvania, and West Virginia. In the five states, sports betting revenues are down almost 80% from what they were in February, and handle is down almost 90%. These states only handled $130.5 … Read more
The New Jersey Thoroughbred Horsemen’s Association is seeking millions of dollars damages from the NCAA, MLB, NBA, NHL and NFL for preventing them from operating a sportsbook at Monmouth Park from October 2014 to May 2018. Despite legal precedent against the plaintiffs’ claims, quirks of … Read more
Major horse racing tracks across the country are beginning to reopen (without fans) after an extended hiatus caused by the Coronavirus. Betting handle on races has increased greatly over similarly timed races in 2019. This suggests that the sports betting industry could rebound from its … Read more
Major League Baseball owners have approved a plan for an 82-game regular season beginning in early July, along with a three-week spring training beginning in June. This new proposal would also lead to all 30 MLB teams adopting a designated hitter for the 2020 season … Read more