Industry

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.

“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. 

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.

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.

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…

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.

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 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.

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.

The American Gaming Association estimated that roughly one in four American adults will wager a combined $23.1 billion on the NFL’s championship showdown between the San Francisco 49ers and the Kansas City Chiefs. With those lofty expectations, it’s important to understand the rules and trends of Super Bowl betting.