Business and Commerce

Knicks Go's record-setting win in the Breeders' Cup Dirt Mile marked one of November's racing highlights. Handle dipped slightly during the month year over year. (Image: Eclipse Sportswire)

Despite Breeders’ Cup, Betting Handles Down During November

Despite the betting bonanza that is the Breeders’ Cup, November’s Thoroughbred betting handle dipped more than 6% from its 2019 numbers according to Equibase’s monthly report on Economic Indicators in Thoroughbred Racing. The drop can be attributed to an 8% dip in Breeders’ Cup handle from its record numbers in […]

Rocky Mountain Sports Bettors High on Parlays Result in Record October

Rocky Mountain Sports Bettors High on Parlays Result in Record October

Colorado experienced another record month in October as more than $210 million was wagered, and sportsbooks netted more than they had in the previous six months combined. Another benchmark was reached in October as Colorado became the fifth state behind Nevada, New Jersey, Pennsylvania, and Indiana to post back-to-back $200 […]

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 […]

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, […]

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 […]

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 […]

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 […]

DraftKings’ Q3 Gains Create Stock Surge, But is Success Sustainable?

DraftKings’ Q3 Gains Create Stock Surge, But is Success Sustainable?

Buoyed by a trio of new states approving gambling on Election Day and continued progress with professional sports partnerships, DraftKings reported some big third quarter wins on Friday. As a result, shares of DraftKings stock jumped more than 10% to end the week after the company released blockbuster quarter-end totals, […]

Currently, North American horseplayers bet using the pari-mutuel system, which pays out based on money wagered in a common pool. New Jersey may be the first US state allowing fixed-odds wagering on horse races. (Image: Ryan Denver/Equi-Photo)

New Jersey Moves One Step Closer to Fixed-Odds Horseracing Wagering

A bill expanding and legalizing fixed-odds wagering on New Jersey horse races emerged from committees in that state’s senate – a little more than a week after being introduced in New Jersey’s state legislature. The bill, allowing permanent fixed odds on races, enjoys bipartisan support in the state legislature. The […]