Collegiate teams across the country are being cut as a way for schools to save money and make up for the huge losses caused by COVID-19. Sportsbooks will see fewer college events in the future due to these cuts, losing profits from sports bettors that … 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
The New Jersey Thoroughbred Horsemen’s Association is seeking $150 million in damages for being stopped from opening a sportsbook for four years at Monmouth Park. The pro leagues stopped the horsemen from accepting bets because they said it would hurt their business and now they … Read more
The NCAA approved nationwide name and image likeness rights for athletes, meaning that NCAA athletes can now profit off their image. These new rules likely won’t allow for sports betting endorsements or for players to associate with any products that might hurt the NCAA’s brand … Read more
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
Former XFL commissioner Oliver Luck is suing league owner Vince McMahon for wrongful termination. Luck was laid off with most of the XFL’s staff in early April because of the COVID-19 pandemic. For his role as commissioner, Luck signed a contract worth $20 million guaranteed … Read more
In February 2020, Delaware handled $7 million in sports bets and earned $160,000 in sports betting revenue. This performance was a big improvement over February 2019, but a disappointment overall. Sports betting revenue in Delaware is trending down in general, and it seems that interest … Read more
Sportsbooks in the United States could lose $2 billion in handle and nearly $200 million in revenue as a result of the COVID-19 pandemic. Local and state governments project to lose over $24 million in tax collections off this lost revenue. Even once the sports … Read more
Coronavirus caused widespread cancellations, postponements, and suspensions of play in one of the most apocalyptic days in sports history. A handful of international soccer events were still played as scheduled. Manchester United (-132) extended their unbeaten streak in a 5-0 win over Austrian Club LASK … Read more
14 basketball conferences announced today that they would be canceling basketball championship tournaments, effective immediately. These cancellations included all power conferences: the ACC, Big 12, Big East, Big Ten, Pac-12 and SEC. Some conferences, including the SEC and Pac-12, have announced additional restrictions on athletic … Read more
NCAA has announced the men’s basketball tournaments will continue without fans in attendance due to growing concerns of coronavirus spreading. The games will only have essential staff and limited family members in the stadium during the games. This announcement follows the NBA’s Golden State Warriors … Read more
The Coronavirus is now a topic of conversation among leagues all over the world in order to contain the outbreak. One of the biggest events, March Madness, has set a plan in motion should they need to use it but the games will still be … Read more