Industry

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.

According to the American Gaming Association (AGA), an estimated 68 million Americans, just about one-fourth of the national adult population, plan to bet on Super Bowl LVIII between the San Francisco 49ers and the Kansas City Chiefs. That’s well above the record of more than 50 million estimated before the last Super Bowl.

LeBron, an outspoken fan of NFL action, announced Wednesday that he agreed to a partnership deal with DraftKings that will see him endorse the company and share his favorite NFL betting picks ahead of Sunday kick-offs, along with college football and other non-basketball sports.

The Chiefs, last year’s Super Bowl champions, upset the Baltimore Ravens earlier in the day much to the chagrin of many “sharp” bettors, leaving them with massive losses. Meanwhile, the Niners used a 17-point second-half comeback against the Detroit Lions to secure their spot in the NFL’s championship event.

Reports indicate that a potential partnership would not see Barstool branding its name on a mobile sportsbook or betting platform. Instead, the company would endorse DraftKings odds and have a sign-up and referral affiliate bonus.

Betr revealed it secured licensing to join the Pennsylvania online sports betting and iGaming market, along with the Colorado and Kentucky sports betting markets. The iGaming agreement is so that the platform can unveil its casino product, which it will debut thanks to a partnership with Cordish Gaming Group.

The Kansas City Chiefs, Baltimore Ravens, Detroit Lions, and San Francisco 49ers all booked their tickets into the next round and will compete in their respective conference championship games this weekend. But while those four won big, legal sportsbooks found themselves on the losing side of most markets.