Category: Legal
The St. Louis Cardinals are getting impatient. For too long, Missouri’s sports betting issue has proven to be a non-issue. For too long, state lawmakers have failed to act on the legislation to legalize additional state tax revenues. Cardinals President Bill DeWitt III, who is flanked by a lobby of casino operators and professional sports […]
The Kentucky Derby has a long history of pre-race wagering. One hundred and fourth-eight years, to be exact. Future versions will come with added twists. For the first time, in-state horse racing tracks, including Churchill Downs, are poised to become licensed sports betting facilities. 🏇 KENTUCKY DERBY BETTING GUIDE 🏇 The #KentuckyDerby is one week […]
Jim Miller attempted to make a point, with emphasis. “You can’t lie in bed with the devil, and not think you’re going to get burned,” the former NFL quarterback told The Associated Press. One NFL franchise, the Washington Commanders, has a sportsbook located inside the confines of FedEx Field. Three others, the Arizona Cardinals, […]
Yahoo on Tuesday announced it has bolstered its presence in the social sports betting sector by acquiring Nashville-based Wagr. Terms of the deal were not disclosed, according to TechCrunch. A three-year startup, Wagr’s business model is focused on developing technology to allow sports fans to place bets with friends and peers, highlighted by online challenges […]
Professional sports leagues and media outlets are uniting to defeat an emerging rival. In an effort to combat out-of-bounds advertising of the US sports betting industry, a coalition was formed to act as a watchdog, It intends to not only ensure responsible behavior by athletes, but by front-office personnel, too. It may be too late […]
New York’s legalized sports betting industry continues to set records. During March, the state’s licensed sportsbooks recorded $163.6 million in adjusted gross revenue. The previous mark of $149.4 million was established in January, according to the New York State Gaming Commission. So far this year, New York State has generated $214.5 million in taxes, including […]
Once Gov. Andy Beshear signed House Bill 551 into law March 31, many Kentucky residents await confirmation on when legalized sports betting will officially launch. Most are eagerly waiting for the news. State Sen. Damon Thayer (R-Georgetown) attempted to give his constituents an update. EXCLUSIVE: @damon_thayer talks Kentucky sports betting launch. "I have actually spoken […]
Legalized sports gambling in the United States is off to a fast start. To say the least. In the four years since federal regulations were lifted on the fledgling industry, Americans have wagered more than $125 billion on sports via legal betting handlers, according to The Associated Press. With 15-20 states still not “in the […]
With more than $10 million in secured funding, Prophet Exchange plans to expand its offerings. Prophet Exchange was the United States’ first peer-to-peer sports betting exchange. During its latest funding round, the Hoboken, New Jersey-based company was reportedly backed by three main investors, Chicago Trading Company, MIXI and Ninjabet. Launched in August 2022, Prophet Exchange […]
West Virginia is attempting to end a prolonged losing streak. After suffering a yearly decline in sports betting, the Mountain State’s industry officials are pointing to March’s revenue as a point of optimism. Small steps, right? https://www.youtube.com/watch?v=dWwAauTrIwE&t=5s March Madness Action Boosts West Virginia’s Handle West Virginia experienced a 30 percent drop in sports betting handle […]
