LegalSportsBetting Brief: States, Sportsbooks Show Financial Growth 11/17/2020

Flutter - DraftKings

DraftKings and Flutter (FanDuel) both did surprisingly well as can be seen with the release of their Q3 reports. Illinois, Indiana, and Washington DC all saw growth in their monthly sports betting revenue numbers, showing the NFL making a big impact on gambling activity. The … Read more

Will Monthly NJ Sports Betting Handle Break $1B By Year’s End?

New Jersey Sportsbook

New Jersey has set another national sports wagering monthly handle record for October 2020 with $803.1 million taken in combined bets by the state’s sportsbooks. The Garden State keeps entering a new bracket and setting new records since August when the range was at $600M+ … 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

Wynn Resorts Invests In Sports Betting With $80M BetBull Deal

Wynn Resorts - BetBull

Wynn Interactive cost Wynn Resorts $80 million as they merged with BetBull to form the mobile and internet sportsbook. The sports betting platform has already gone live in the New Jersey market as of August. LAS VEGAS – A partnership deal that started in October … Read more

The Pros And Cons For Legal Political Betting In The U.S.

Trump - Biden - Political Odds

This 2020 Presidential Election is positioned to be the most bet on event in history and Americans can’t bet on it through US sportsbooks. States like West Virginia have tried to pass bills to allow sportsbook operators to offer political betting but it failed while … Read more

What Are The Odds For States Voting On Recreational Marijuana?

Marijuana Vote

The legalization of recreational marijuana will be part of voter ballots in five states on November 3. Four states have odds on the outcome of how people will vote posted on sportsbooks, with two being heavily favored to open legal cannabis markets. PHOENIX – Five … Read more

Bally’s In Atlantic City Set To Open A FanDuel Sportsbook

Bally's Casino

FanDuel will be opening its second sportsbook in New Jersey at the Bally’s Atlantic City Hotel & Casino. This will be FanDuel’s second retail location in the Garden State, which will have a permanent spot at the casino by the Spring of 2021. ATLANTIC CITY, … Read more

Nevada Sports Betting Handle Shows New Jersey Is Pulling Away

Las Vegas Sportsbook

Sports betting handle in New Jersey has surpassed Nevada in September with the second biggest difference in history. New Jersey has gotten an advantage from online platforms while Nevada has dealt with a hit to its Las Vegas casinos due to COVID-19. Football with NBA … Read more

PASPA’s 28th Anniversary – Its Unintended Effects On US Sports Betting

PASPA Anniversary

The Professional and Amateur Sports Protection Act of 1992 (PASPA) was enacted as law on October 28, 1992. Since it’s repeal in 2018, billions of dollars have been made in combined revenue from the legal sports betting industries across the United States. WASHINGTON – October … Read more

ESPN’s Ryan Spoon Joins BetMGM As New Chief Operations Officer

Ryan Spoon - BetMGM

BetMGM officially introduces ESPN Veteran Ryan Spoon as new COO. Spoon will directly report to CEO Adam Greenblatt. At ESPN, Spoon was the Digital Product and Design head. JERSEY CITY, N.J. – BetMGM has officially announced that ESPN’s Ryan Spoon will be taking the helm … Read more

Freehold Raceway Playing Catchup In NJ Sports Betting Market

Freehold Raceway

Freehold Raceway has opened a sportsbook and entered the booming New Jersey sports betting market. The racetrack location may bring in more customers by providing a closer location to place sports wagers. The online platform of the sportsbook is waiting for approval and officials believe … Read more

LegalSportsBetting Brief: Turner Sports, PA-NJ Handle 10/20/2020

Turner Sports - FanDuel - DraftKings

Rules for online sports betting in Michigan have been sent to the final committee for approval. DraftKings and FanDuel both signed with Turner Sports where FanDuel will have access to NBA broadcasts but DraftKings will have rights to everything else. New Jersey sports betting handle … Read more