Sports Betting
Super Bowl Betting Blunder Leads To Big Payout
The D.C. Lottery received $500,000 in compensation for GambetDC operational errors. GambetDC lost $4 million in its first full year being fully operational. WASHINGTON – The Super Bowl is the biggest day of the year for sports betting and GambetDC missed out on all of their mobile betting opportunities for Apple users during the 2021-2022 season.…
Read MoreAtlantic City Taxes Focus Of New NJ Sports Betting Bill
There is a bill in the NJ State Senate that would redirect tax funding to Atlantic City. The funding would be used for property tax relief. AC Mayor Marty Small refers to the bill as AC getting its slice of the pie. ATLANTIC CITY, N.J. – Atlantic City might be getting a cut of New…
Read MoreGambling Ads See Criticism From Massachusetts Gaming Commission
Gambling in Massachusetts has been legalized since 2011. The Massachusetts Gaming Commission is looking to cut back on gambling ads. BOSTON – Casino gaming in Massachusetts has been around for quite some time as it was first legalized in 2011. However, it is not until right now that the Massachusetts Gaming Commission is looking to…
Read MoreBetting On Three Seeds In The 2022 NCAA Tournament
All four of the three seeds in the 2022 NCAA tournament made it to their conference final game. Four teams with a three seed have won the March Madness Title since 1915. The Tennessee Volunteers have the best odds of any three seed at +1600. KNOXVILLE, Tenn. – The Tennessee Volunteers men’s basketball team claimed…
Read MoreNBA Partners With Princess Cruise, Push Logos On Wristbands
The NBA has partnered with Princess Cruises to allow custom NBA team logos on the ship. The Cruise ship opened up a mobile sportsbook called “Oceans” that can be used when the ship hits international waters. The only betting restriction is that the app does not allow any bets placed on the Miami Heat. SANTA…
Read MoreLegal Sportsbooks Handle Nears $100 Billion Since PASPA Repeal
Over six states passed the billion-dollar handle mark New York opened regulated sports betting on the 19th of January and saw over $150 million bet New Jersey has generated the largest handle at over $22 billion $1 billion mark should be hit by February 2022 LAS VEGAS – In early 2018 Nevada ruled the world…
Read MoreNY Regulated Mobile Sports Betting Market Live On Saturday
The regulated NY mobile sports betting market will launch on Saturday. Only four of the nine mobile sportsbooks will go live at first. Better Collective has signed partnership deals with three sportsbooks. ALBANY, N.Y. – In an unexpected turn of events, New York is launching a regulated mobile sports market far earlier than expected. New…
Read MoreMichigan To Allow Tax Write-Offs For Gambling Losses
Gamblers in Michigan can write off gambling losses on their state taxes now. Gov. Gretchen Whitmer signed a bill allowing this for the 2021 tax year. The bill is estimated to cost the state around $12 to $17 million per year. LANSING, Mich. – Michigan Gov. Gretchen Whitmer signed into law a bill that would…
Read MoreHow The US Sports Betting Industry Expanded In 2021
Rhode Island sportsbooks took in over $12 million in revenue from July to October. Tennessee residents wagered over $375.3 million on sports in October. Illinois sportsbooks handled over $840.4 million in October, a 32.6% increase from the previous highest handle. LAS VEGAS – With so much happening in over the last year, it’s easy to…
Read MoreFlorida Pari-Mutuels Drop Lawsuit Appeal Against Seminoles
The Magic City Casino and Bonita Springs Poker Room lawsuit appeal has been dropped by the plaintiffs. The initial lawsuit challenging the Seminole Tribes sports betting compact was struck down by U.S. District Judge Allen Winsor. TALLAHASSEE, Fla. – One Florida lawsuit appeal that challenged an earlier ruling against pari-mutuels aiming to stop Florida sports…
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