Business and Commerce

Historical racing machine revenues from Churchill's Derby City venue helping to boost Kentucky Derby purse. (Image: Louisville Business First)

Historical Horse Racing Machine Legality Heads Back to Kentucky Supreme Court

The Kentucky Supreme Court says it is again examining the legality of historical horse racing machines. The move follows an appeal from the Kentucky Family Foundation. The organization seeks to overturn a lower court decision on the slot machine-like terminals. An opinion is expected to be fast tracked. But, exactly […]

The NBA announced that it will be rolling out a virtual sports betting project next season known as NBA Last 90.

NBA Tapping Into Virtual Sports Betting Market with NBA Last 90 Game

The NBA and National Basketball Players Association (NBPA) have announced the launch of a virtual sports betting product known as NBA Last 90 that will give gamblers the chance to bet on simulated games that feature actual game highlights from the league. The product is expected to launch sometime during […]

New Jersey’s May Sports Betting Handle Evades Seasonal Slump

New Jersey’s May Sports Betting Handle Evades Seasonal Slump

New Jersey’s May sports betting handle of $318,940,677 is a seasonally strong number. Primarily driven by its online sportsbooks, New Jersey’s May sports betting handle was up 1.7 percent over April. Even more encouraging was May’s performance when compared to March. May’s handle was 14.5 percent lower than March’s. But […]

Aerial view of historic Santa Anita Park in Arcadia, Cal. (Image: Santa Anita)

Trouble in Paradise: Santa Anita Denies Request to Halt Racing

Santa Anita Park is refusing a request by state regulators to immediately end its current Thoroughbred meeting. The historic track located in suburban Los Angeles is currently experiencing an unprecedented number of equine fatalities during its winter/spring season – now totaling 29 since its Dec. 26 opening. The California Horse […]

Horse racing getting a needed boost from newly passed gambling expansion in Illinois. ((Image: Arlington Park)

Happy Days Ahead for Illinois Horse Racing Thanks to Gambling Expansion Law

The once vibrant Illinois horse racing industry now could be on a path to restoration. The dramatic decline in business in recent decades, caused by other wide-ranging gambling availabilities within the state and in neighboring jurisdictions, is likely to be ending. At least that’s the hope after passage this weekend […]

Mike Tirico and Danica Patrick led NBC's pre-race coverage of the Indy 500. (Image: Forbes)

NBC Scores Come-From-Behind Victory with Indy 500 Coverage

NBC’s inaugural airing of the Indy 500 reversed a years-long ratings slump, fueling growth expectations for both IndyCar racing and motorsports betting. Starting in the pole position, Simon Pagenaud was one of the favorites going into the 103rd running of the Indy 500. NBC, however, was expected to have an […]

ESPN plans to build a studio at a Caesars casino in Las Vegas to serve as a hub for producing sports betting content. (Image: NewscastStudio/ESPN)

ESPN, Caesars Entertainment Partnering to Create Sports Betting Content

ESPN and Caesars Entertainment have announced a partnership that will see the two companies work together to create a variety of sports betting content. The deal includes an ESPN-branded studio that will be created at the LINQ Hotel & Casino in Las Vegas. ESPN to Include Caesars Odds in Broadcasts […]

The FanDuel Sportsbook has named the Orlando Apollos their honorary AAF champions, but will pay out futures bets on all teams in the suspended league. (Image: Rick Wilson/AP)

FanDuel Sportsbook Pays All Outstanding AAF Championship Bets as Winners

When the Alliance of American Football announced Tuesday that it would be suspending operations with two weeks remaining in its regular season, most sportsbooks moved to void all futures bets on the league championship, while others waited for official word that the league would be folding. But the FanDuel Sportsbook […]