Gambling Industry

Oregon Sports Betting Reports Record Two Months, Still Falls Short of Promise

Oregon Sports Betting Reports Record Two Months, Still Falls Short of Promise

While New Jersey, Pennsylvania, Illinois, and Indiana all enjoyed record-breaking months in sports betting handle this fall, Oregon has quietly had its own promising, yet very low-key, spree. September and October have been the biggest months yet since Oregon legalized sports betting in August 2019. The Oregon Lottery posted its […]

Furosimide, sold under the name Salix or Lasix, prevents pulmonary bleeding in horses. It is now banned in all Kentucky Derby points races, along with the Derby itself. (Image: Anne M. Eberhardt/The Horse)

You’ll See a Lasix-Free Kentucky Derby and Kentucky Oaks in 2021

The 2021 Kentucky Derby and Kentucky Oaks will mark the first time in the history of those prestigious races that horses may run without furosemide, better known by its brand name Lasix. The ban on the powerful anti-bleeding medication, widely employed at tracks all over the country, extends to the […]

Viadera (6) stuck her nose in front of stablemate Blowout to win the Grade 1 Matriarch Stakes at Del Mar. The exciting finish capped aa record handle for Del Mar's Bing Crosby Meet. (Image: Del Mar Thoroughbred Club)

Bing Crosby Season Meet Croons Record Handle for Del Mar

Even amid the COVID-19 pandemic that eliminated spectators for its Bing Crosby Season Fall Meet, Del Mar reported a 33% handle increase from 2019. The San Diego-area seaside track checked in with a $195.9 million handle for its five-week fall meet, a byproduct of robust fields, more races, and strong, […]

Canada's flagship track, Woodbine outside Toronto, benefited from the removal of a controversial provision in a sports betting bill. That bill is making its way through the Canadian government. (Image: Bill Selwyn)

Canadian Horseracing Benefits From Removal of Fixed-Odds Provision

Woodbine Entertainment CEO Jim Lawson, one of Canada’s most powerful horseracing executives, praised Canadian legislators for removing a provision in a sports betting bill that would leave racetracks out of revenue earned from fixed-odds wagering on horseracing. The element in question would have legalized fixed-odds wagering on horseracing without revenue-sharing […]

BetMGM Nabs Pittsburgh Steelers Partnership Prior to Launch in Pennsylvania

BetMGM Nabs Pittsburgh Steelers Partnership Prior to Launch in Pennsylvania

BetMGM’s pending arrival in Pennsylvania kicked off Tuesday with the announcement of a multi-year deal with the Pittsburgh Steelers. The online sportsbook has grown its media footprint steadily since hiring chief operating officer Ryan Spoon from ESPN last month. Parent company MGM touted BetMGM as the company’s 2020 bright spot […]

Into Mischief broke a 2016 Tapit record for highest progeny earnings in a calendar year. (Image: Spendthrift Farm)

Into Mischief Again Proves He’s a Breed Above the Rest

Into Mischief illustrated again why he is the most sought-after sire in North America when his suddenly hot 2-year-old, Life Is Good, won his Del Mar debut Sunday. With the victory, Into Mischief broke the North American single-season progeny earnings record. When Life Is Good romped home by 9-½ lengths […]

Rising Political Star Arrested for Taking Bribes to Bring Sports Betting to Cincy

Rising Political Star Arrested for Taking Bribes to Bring Sports Betting to Cincy

Federal authorities arrested Cincinnati mayoral frontrunner PG Sittenfeld last Thursday for allegedly accepting $40,000 in bribes in exchange for bringing an exclusive sports betting deal to his hometown, court documents say. If convicted, prosecutors say Sittenfeld, 36, faces up to 20 years in prison. FBI Tapped Former Bengals Safety in […]

Justin Stein and Starship Jubilee's victory in the Woodbine Mile was one of Woodbine's enduring racing images this year. The Canadian flagship track closed three weeks early due to a provincial government lockdown. (Image: Michael Burns Photo)

Weather, COVID-19 Puts an Early End to Woodbine’s Racing Season

Mere hours after announcing the premature end of its Thoroughbred meet due to provincial COVID-19 restrictions, Woodbine Racetrack abruptly ended its meet on Sunday due to inclement weather rolling through the Province of Ontario. Track officials canceled the last seven races after a storm front brought snow and mixed precipitation […]

In April, Twin River Holdings -- now Bally's -- acquired Bally's Atlantic City for a song. (image: Bally's Atlantic City)

Bally’s Buys Bet.Works, Forges Sinclair Broadcast Partnership

Bally’s Corporation, formerly Twin River Worldwide Holdings, acquired the sportsbook and iGaming technology company, Bet.Works. But that wasn’t Bally’s only mega-deal this week. Bally’s also announced a strategic partnership with Sinclair Broadcast Group, which sent both their stocks soaring. Bally’s recent deals should boost its sports betting profits. At least […]

Crowded Field Yields Significant Sports Betting Uptick in the Rockies

Crowded Field Yields Significant Sports Betting Uptick in the Rockies

Like New Jersey, Illinois, and Indiana, Colorado has reported record increases in online gambling this fall as a bevy of sportsbook operators custom-tweak apps and websites to gain credibility among bettors. Online Wagering in Colorado Takes Hold in the Fall Sports betting went live in Colorado on May 1, after […]

DraftKings has launched the first retail sportsbook in New Hampshire at The Brook in Seabrook. (Image: DraftKings)

DraftKings Stock Soars Again After Analysts Set $100 Price Target

DraftKings stock continued to climb back toward its peak on Thursday, rising to nearly $50 a share after analysts said a likely boom in sports betting will greatly increase the profitability of the Boston-based company. The stock rose to nearly $65 a share in early October, but dropped to about […]

Expo Gold, in foal to multiple Grade 1 winner Catholic Boy, sold for $950,000. She is better known as the dam of Preakness Stakes champion Swiss Skydiver. (Image: Keeneland)

Keeneland November Sale Brings Stability, Slight Dip to Sales Market

One of the biggest horse sales in North America, the Keeneland November Breeding Stock Sale, ended its 10-day run Wednesday with a modest, COVID-19-related drop in sales from 2019. At the same time, nine horses sold for at least $1 million each. The Keeneland November Breeding Stock Sale is one […]

Pete Rose says he still bets on baseball to this day, though he now does so legally at casinos. (Image: Ron Vesely/MLB/Getty)

Pete Rose Admits He Still Bets on Baseball, 31 Years After MLB Ban

Former Cincinnati Reds player and manager Pete Rose is still seeking reinstatement from Major League Baseball, which banned him from the sport in 1989 for betting on games in which he played and managed. Now, Rose says he still enjoys betting on baseball, though the circumstances of those wagers have […]

Indicted trainer Jason Servis, seen here sweating out the steward's inquiry in the 2019 Kentucky Derby, now faces a charge of wire fraud along with his horse doping charges. (Image: Lexington Herald Leader)

New Indictments Handed Down in Servis-Navarro Horse Doping Case

Federal prosecutors handed down superseding indictments Tuesday in the alleged horse doping scandal involving trainers Jason Servis, Jorge Navarro, and 12 other defendants. The new indictments tack on a charge of wire fraud to Servis and veterinarians Alexander Chan and Kristian Rhein. All three pleaded not guilty to the new […]

New Jersey Shatters Online Gambling Records in October, Nevada Lags Behind

New Jersey Shatters Online Gambling Records in October, Nevada Lags Behind

New Jersey’s online sports gambling totals went berserk in October, and officials say a billion-dollar handle month is possible by year’s end. Remarkably, officials also reported that online gambling is coming close to making up for all brick-and-mortar losses sustained during the COVID-19 pandemic. “Casino win was 92% of last […]