Industry
FanDuel Launches in Washington D.C. as Lone Sports Betting Operator
The move transitions the nation’s capital from its previous endeavor with Intralot’s maligned GambetDC product to the most frequented online sportsbook in America. All D.C. customers could access the FanDuel online and mobile betting app or use any of their betting kiosks at retail locations as of noon local time.
Raptors’ Jontay Porter Banned from NBA for Sports Betting Violations
According to a statement released by the league office, Porter bet on NBA games, shared privileged information with sports bettors, and limited his availability in at least one game for betting purposes. An investigation into Porter is still ongoing and could result in further charges.
Shohei Ohtani Defrauded $16 Million by Ex-Interpreter, Says DOJ
Mizuhara, 39, was originally believed to have stolen $4.5 million from his friend and longtime associate to pay off gambling debts to an illegal bookmaker based in California. However, a probe into the scandal led to the discovery of more than $16 million missing funds, the Department of Justice revealed Thursday.
Launch Date of First-Ever Retail ESPN Bet Sportsbook Confirmed
ESPN Bet already served as the Greektown casino’s online sports betting partner and found success doing so. The platform reported a $35.8 million handle and $2.1 million in revenue in Michigan in February, both of which were the fourth-highest totals for the month.
Caitlin Clark, Iowa-USC Championship Set All-Time Betting Records
FanDuel reported a 155 percent increase in the total betting handle and a 205 percent increase in ticket count compared to the 2023 national championship between Iowa and LSU, which was one of the biggest events in the sport’s history at the time.
Researcher Finds Link Between Sports Betting and Binge Drinking
Grubbs said that the research team did not explore the differences in drinking habits between sports bettors who frequent retail locations or who use online sports betting apps. However, he suggested that online sports bettors could be linked more heavily with unhealthy drinking standards.
American Legion Department of New Jersey Announces Casino Job Fair
The Senate Gaming Committee approved and advanced Rep Casey Eure’s Mississippi Mobile Sports Wagering Act (HB 774) to the Senate floor. The bill, which was approved by the House via a 97-134 vote two months ago, now has until the Senate adjourns on April 11 to receive full approval.
BetMGM Partners with Identity Security Company Prove Identity
Prove Pre-Fill will help remedy that issue and will also work to stop the abuse of promotional bonuses. Sportsbooks often offer special promo codes for first-time users to entice them to create an account, but these codes have been used multiple times by returning bettors in the face of their primary intention.
New York Sports Betting Market Flourishes During March Madness
March Madness earned its name through, well, the complete opposite of normality. While it’s normal for New York sports betting to produce eye-watering totals, the New York Gaming Commission (NYGC) reported a mammoth $539.6 million in total wagers on the week that ended on March 24.
Sports Betting Giants Team Up to Form Responsible Gambling Group ROGA
FanDuel, DraftKings, BetMGM, PENN Entertainment (ESPN Bet), Fanatics, Hard Rock, and bet365 will form the Responsible Online Gaming Association (ROGA) according to a Wednesday announcement. Part of their alliance will see them share insights and data for the first time.
Shohei Ohtani Breaks Silence, Denies Responsibility in Gambling Scandal
News first broke last week that funds from Ohtani’s account were used to pay seven figures to an illegal bookmaker. That came immediately after his representatives informed MLB that he was the victim of a “massive theft” which he asserts was orchestrated by Mizuhara.
Experts Say 20% of Students Are Gambling their Financial Aid Money
Ted Hartwell of the NCPG said that two-thirds of students who live on campus engage in sports betting. According to estimates from experts in the field, as many as 20% of students use financial aid to fund their betting habits, whereas that money should pay for books and classes.
Sports Betting Now Live in DraftKings Sportsbook at Wrigley Field
The new sportsbook will feature next to DraftKings’ retail betting parlor next to Wrigley on the corner of Addison Street and Sheffield Avenue. Customers will be treated to 32 betting kiosks and seven counters inside a 17,000-square-foot facility with 2,000 square feet of screens.
New York iGaming Excluded from Budget, Likely Off the Board in 2024
The New York Senate did not include iGaming in its budget proposal released on Monday evening. Sen. Joseph P. Addabbo Jr. (D-15) raised a proposal to legalize it earlier in the year, though he also said it would not progress if it wasn’t included in the budget.
Washington D.C. Switching Operators from GambetDC to FanDuel
D.C. Council member and chairman of the business and economic development committee, Kenyan R. McDuffie (I-At Large), said that the operator produced just over $4.3 million from the time it launched to the start of the new year, an underperformance of more than 95%.
North Carolina Launches Online Sports Betting With Eight Sportsbooks
The state opened with eight sportsbooks that are available to customers 21 or older anywhere inside state lines. This was after the sportsbooks were granted a 10-day window to pre-register customers, during which they could receive a variety of prizes that were boosted compared to traditional sign-up offers.
Study: Strict Sports Betting Regulations Lead to Higher Illegal Activity
As Ali’s statement suggests, many politicians concede a variety of restrictions, such as betting on in-state colleges and universities, to control local gambling markets. However, the recent findings show that may be detrimental to the long-term safety of American gamblers.
Mattress Mack Bets $1 Million on Houston to Win March Madness
The bet was placed at Caesars Sportsbook for +750 odds, meaning that the longtime Texas resident will win $7.5 million if his hometown team can successfully navigate the single-elimination 64-team bracket. They are second or third in odds at most legal sportsbooks at the time of writing.
Legendary Sports Bettor Billy Walters Shares Secrets on Joe Rogan’s Podcast
Billy Walters, 77, has made millions of dollars by consistently beating the sportsbooks at their own game. But as technology continues to become more powerful amid the sports betting boom, he is aware that his edge will disappear eventually.
Georgia Senate Advances Sports Betting Bill to the State House
State Senators on Tuesday approved a constitutional amendment that would allow voters to decide the fate of sports betting at the November ballot. That came just one week after the Georgia Senate Economic Development and Tourism Committee advanced it in hopes of bringing sports betting to the eighth-most populated state.
Snoop Dogg Joins Forces With Cryptocurrency Gaming Platform Roobet
Roobet launched in 2019 as a division of Raw Entertainment B.V. Part of its goal is to be an innovator in gaming as it expands into the world of cryptocurrency amid the development of Web3.
Encore Boston Harbor Fined $40,000 for Accepting Illegal College Sports Bets
Encore Boston Harbor was fined $40,000 by the Massachusetts Gaming Commission (MGC) for allowing users to place bets on Boston College women’s basketball last year. That was the second time since July the casino was fined for the same infraction.
Fanatics Now Live in 13 States Following Michigan Launch
The company purchased PointsBet’s North American assets, including licenses, last year. As the license transfers were processed and the company was approved for launch, it's been able to slowly expand its reach across the country.
North Carolina Ramps Up Preparations for Online Sports Betting
“We are continuing to make significant strides towards putting all the different pieces together and being prepared for the successful launch of sports and pari-mutuel wagering on March 11, which is not that far off,” North Carolina Lottery Commission Chair Ripley Rand said during a Wednesday meeting.
American Gaming Generates $66.5B in 2023 Revenue, $10.9B from Sports Betting
The training wheels are completely off of the American gambling market. Although casinos have been legal for years, the rise of sports betting has brought the prevalence of all forms of gambling to the forefront of many Americans’ lives.
Drake Loses $250k Betting an Underdog NCAA Tournament Final Four Parlay
The bet would have paid just under $1.6 million if it cashed, but it ultimately did not. Nobody ever accused the “Her Loss” hitmaker of being the best on the books, even if he is a beast on the boards.
Ohio Sports Betting Market Benefitting from Cincinnati Bengals’ Success
Having opened for business less than a month ago, sportsbooks are capitalizing on the Bengals’ good fortune in the NFL playoffs. If they beat the Kansas City Chiefs this weekend, they will advance to play in their second straight Super Bowl…
Jim “Mattress Mack” McIngvale Casts Doubt Over Future of Texas Sports Betting
McIngvale said to gambling.com that he “seriously” doubts the Texas legislature will reverse its long-standing opposition toward sports betting and gambling as a whole, even despite his propensity to place million-dollar bets and love for sports wagering.
Massachusetts Delays DraftKings’ Hearing After New Evidence Unearthed
The meeting was set to discuss DraftKings illegally allowing customers to deposit funds into their accounts through the use of credit cards, which is illegal according to the state’s gaming laws. Users were able to deposit funds via credit card from March 10, 2023, through July 13, 2023.
PENN, ESPN Bet Buy WynnBET’s New York License for $25 Million
PENN announced Tuesday that it acquired the sports betting operator’s license awarded to WynnBET in 2021 for $25 million. The deal means that WynnBET can no longer offer betting odds and services in New York, while ESPN Bet now has access to its 18th state in its first six months of operation.
Pro Bettors Fall Flat and Public Triumphs Again as Chiefs Win Super Bowl 58
During the final countdown to kick-off, a few more six and seven-figure bets were reported by major sportsbooks. At least six million-dollar bets were made on the Niners and one on the Chiefs, according to industry expert Ben Fawkes’ reporting.
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