Total horseracing handle jumped for the second consecutive month, providing one key takeaway from Equibase’s first Economic Indicators in Thoroughbred Racing report of 2021. Betting in January climbed 9.57% from January 2020’s numbers to $959,602,269. That followed a 6.24% boost in December wagering, signifying that horseracing may be rebounding out […]
Another day, another hefty bet from Mattress Mack. Jim “Mattress Mack” McIngvale, the Texas furniture store magnate, is at it again, firing away at a bet worth $3.46 million on the Tampa Bay Bucs +3.5 in Super Bowl 55. Mattress Mack made the seven-figure wager on the Super Bowl as […]
The first seven-figure bet on Super Bowl 55 is here. According to BetMGM, a bettor using their app fired away a $2.3 million bet to win $2 million on the Tampa Bay Buccaneers at +3.5 in the upcoming Super Bowl. This particular “mysterious” bettor had to lay a little extra […]
Dallas Mavericks owner and famed entrepreneur Mark Cuban entered the sports card market bubble debate on Thursday when he listed it among his assets on which he’s hedging his bets. Cuban appeared on CNBC’s Squawk Box and said he’s adjusted his investment portfolio in a number of categories for fear […]
As one major racetrack shuttered its Historical Horse Racing (HHR) machine parlor, Kentucky State Sen. John Schickel (R-Union) said Thursday he authored a bill supporting legalization of the machines. Schickel, whose district includes Churchill Downs Inc.-owned Turfway Park, told WTVQ-TV he plans on filing the bill when the legislative session […]
Anheuser-Busch announced it won’t be placing any Budweiser ads in Super Bowl 55. But don’t worry, the Clydesdale horses aren’t out of work. Instead, Sam Adams will feature the iconic breed in an East Coast ad campaign. Budweiser isn’t the first brand to drop out of this year’s Super Bowl. […]
Bally’s Corporation’s purchase of daily fantasy provider Monkey Knife Fight positions the company to capitalize on sports betting as more states across the country legalize wagering. The company announced the purchase of the third-largest DFS operator in the US on Tuesday for $90 million in stock. The deal is expected […]
Two days before his expected coronation as Horse of the Year, Authentic took home the No. 2 spot in the 2020 Longines World Racing Awards. This translates to the Into Mischief colt being named the second-ranked horse in the world. It also translates into Authentic earning top honors as the […]
In the wake of the pandemic, more states are pushing through online sports betting bills. Connecticut, which had a number of bills fail in previous sessions, may finally have a winner. Even gambling-averse Texas recently filed an online sports betting bill. A number of states rushed to legalize sports betting […]
In the latest salvo fired in the ongoing debate about historical horse racing (HHR) machines in Kentucky, the state’s Supreme Court denied an appeal from the Kentucky Horse Racing Commission requesting a second opinion on the legality of those machines. The Kentucky Supreme Court refused to reconsider its Sept. 24 […]
The WNBA confirmed on Tuesday that the Atlanta Dream will soon have a new owner. The pending sale, first reported by the Atlanta Journal-Constitution, will likely displace Kelly Loeffler, providing leadership more in step with the league and its players. Loeffler wedged herself between a rock and a hard place. […]
Last year, advertisers spent a record-breaking $435 million on Super Bowl ads, according to Kantar Media. This year probably won’t break any records, however, now that Coca-Cola, Pepsi, and Hyundai have decided to pass. A number of factors contributed to last year’s record Super Bowl ad spend. The NFL’s regular-season […]
Tributes from all over the racing world poured in Tuesday, remembering Prince Khalid bin Abdullah, who died Tuesday of undisclosed causes. The Saudi prince and nine-time Eclipse Award winner as owner and breeder was 83. A member of the Saudi Royal Family, Prince Khalid owned Juddmonte Farms, which announced the […]
Las Vegas Sands founder Sheldon Adelson died on Jan. 11 at age 87. He died within days of taking a leave of absence as the company’s CEO to restart cancer treatments. Adelson successfully built a casino empire and amassed billions, but his political and online gaming legacy may prove as […]
Entain CEO Shay Segev announced he is leaving his post less than a week after the company turned down an $11 billion takeover offer from online betting partner MGM. Segev said he’s headed to digital sports broadcaster DAZN and will join James Rushton there as a co-CEO. Speculation has run […]
A new set of NFL futures contracts could help sportsbooks and stadium owners offload unwanted risk. If approved, Eris Exchange, LLC (ErisX), will offer moneyline, point spread, and over/under futures contracts for every NFL game. While sports bettors won’t be able to trade these contracts, they could benefit from better […]
In an industry-defining about-face, the Las Vegas Sands Corporation is likely to open online gambling operations this year, despite previous resistance from the company’s chairman Sheldon Adelson. But does the Sands have enough in reserve to reverse its decades-long, anti-online stance and spin up a viable online product? Adelson Created […]
Golden Gate Fields, shut down in November after a COVID-19 breakout ravaged its workforce, will resume racing Jan. 15, according to track owners, The Stronach Group. That ends a two-month shutdown of the Northern California track imposed when 24 workers initially tested positive for COVID-19. In the wake of that, […]
After two failed attempts to acquire online gambling partner Entain, MGM Resorts International named Jonathan Halkyard as its new chief financial officer Thursday. He comes with experience handling complex mergers, instituting extreme cost-cutting measures, and dealing with private equity acquisitions, including several that preceded the biggest bankruptcy in gaming history. […]
Trainer Brad Cox called her “a monster,†but you probably know her as the best mare of her generation. Either way, Cox says you’ll see Monomoy Girl return Feb. 15 at Oaklawn Park for the Grade 3 Bayakoa Stakes. The $250,000, 1-1/16-mile Bayakoa marks Monomoy Girl’s 2021 opener and a […]
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