Financial Expert Says Sports Betting Will Cause Future Housing CrisisBy: Grant Mitchell
Meredith Whitney, known as the “Oracle of Wall Street,” said on Squawk on the Street on CNBC that as sports betting continues to increase in popularity, there will be even more customers that take on losses. As those losses incur, the current generation of homeowners will have nobody to sell their property to.
DraftKings Launches New “Pick6” Fantasy Sports Contest in Standalone AppBy: Grant Mitchell
The new game format requires users to make two-six selections of “More” or “Less” on a player prop. Customers compete against other DraftKings users and can win a piece of a prize pool with every Pick6 contest they enter.
Dave Portnoy Ends Gambling Retirement for $1 Million Michigan-Bama BetBy: Grant Mitchell
Portnoy recently admitted to taking “some monster losses.” Despite that, the controversial multimedia figure’s confidence is unwavering as the top team in the country prepares to take on the most dominant program of the CFP era.
MGM Grand Detroit Workers Agree to Contracts, End City-Wide Labor StrikeBy: Grant Mitchell
The strike, which involved workers from MGM Grand Detroit, Hollywood Casino at Greektown and MotorCity Casino, began on October 17. At the core of the workers’ issues were poor wages, which had not been increased at the rate of local inflation, in addition to healthcare coverage.
DraftKings New York Voided a $300,000 Parlay Because of Internal ErrorBy: Grant Mitchell
Rob, the bettor who created the parlay, played it three times with a total stake of $9,087.32 and the chance to win $318,056.20. The corrected odds of +100 would have won him the same amount as his stake.
Dallas Cowboys’ Dak Prescott Tells Sports Bettors to “Stop Gambling”By: Grant Mitchell
Prescott subbed out in the fourth quarter and was replaced by backup Cooper Rush. Although his QBR (82.9) implies that he played very well, he finished with only 189 yards and was nowhere near his passing prop line.
NBA, MLB, NHL Join Forces to Create New Responsible Gambling Ad SpotBy: Grant Mitchell
That’s the message shared in a new 30-second advertisement called “Never Know What’s Next.” The ad was created by the NBA, MLB, and NHL in partnership with online sportsbooks FanDuel, ESPN Bet, DraftKings, and Fanatics, as well as the National Council on Problem Gambling (NCPG).
ESPN Bet Introduces Brand-New Betting Feature During Online App LaunchBy: Grant Mitchell
Most NFL bettors will be familiar with the anytime touchdown market, which deals with predicting which players will cross in the end zone during a game. ESPN Bet has expanded the market and added a “No” option to the anytime TD scorer market…
Disney, PENN Entertainment Launch Highly-Anticipated $2 Billion Project ESPN BetBy: Grant Mitchell
The brand-new sportsbook is available in 17 states and comes with web, online, and mobile sports betting apps. It will also combine the traditional sports coverage and media content of ESPN with up-to-the-minute betting odds and sports wagering.
New York Sets American Record and Eclipses $2 Billion Monthly HandleBy: Grant Mitchell
The $2.01 billion figure presented a 30.5% year-to-year increase on the $1.54 billion total reported during October 2022. It was also 14.2% larger than the September betting handle and also set a record for gross gaming revenue during a single month.