Gambling Industry

Caddo River used his 10 1/4-length victory in the Smarty Jones to run up the Kentucky Derby futures boards. (Image: Oaklawn Park)

Kentucky Derby Futures: Big Winners Make Big Odds Leaps

The first page of this week’s Kentucky Derby futures board got tighter – partly a byproduct of two horses getting loose from their rivals last weekend. The first was Caddo River, who moved to 16/1 at Circa Sports and 15/1 at William Hill Nevada. Dropping beneath 20/1 at this point […]

Michigan residents no longer have to enter a brick-and-mortar sportsbook, such as this one at MGM Grand Casino in Detroit, to place bets. Mobile sports betting is legal in the state as of Friday. (Image: WoodTV)

Expert: Michigan Online Sports Bettors Should Benefit from Low Tax Rate

As Michigan online sports betting gets up and running, a tax expert tells OnlineGambling that consumers in the state will benefit from the state’s modest tax levy. While residents of The Wolverine State have been able to place bets in casinos for nearly a year, online betting just began on […]

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

Online Sports Betting Update: Connecticut and Texas File New Bills

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 […]

Historical Horse Racing (HHR) machines resemble slot machines, which are banned in Kentucky. They provided $2.2 billion to Kentucky's economy in 2019 and are a major economic engine for the state's key Thoroughbred industry. (Image: Canadian Thoroughbred Magazine)

Kentucky Supreme Court Rejects HHR Appeal, Lawmakers Up Next?

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 […]

Atlanta Dream players walk by a Black Lives Matter graphic at the Feld Entertainment Center in Florida. Dream co-owner was critical of WNBA's BLM messaging.

If Kelly Loeffler Is Out as Atlanta Dream Owner, Is LeBron James In?

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. […]

Mean Joe Greene drank more than 18 Cokes while making this iconic 1979 Super Bowl ad. (Image: Coca-Cola)

Coca-Cola Among Big Brands Bowing Out of Super Bowl 55 Ads

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 […]

New York Governor Andrew Cuomo is one of two governors signing daily fantasy sports bills into law this month. (Image: Andrew Burton/Getty Images)

Critics Raise Concerns Over New York’s Approach to Online Sports Betting

New York appears ready to finally legalize online sports betting within its borders, but critics warn the state’s approach won’t be great for consumers. With the state facing an $8.7 billion deficit brought on by the COVID-19 pandemic, Gov. Andrew Cuomo softened his stance on online wagering. He plans to […]

This Mickey Mantle rookie sold for $5.2 million on Thursday, a record for a sports card. (Image: PWCC)

Mickey Mantle Rookie Card Tops $5M in Eye-Popping Sale

As the sports card market climbs to new heights, the industry witnessed its first card purchase exceeding $5 million on Thursday. Venture capitalist Rob Gough bought a 1952 Topps Mickey Mantle rookie card graded Mint 9 by Professional Sports Authenticators for $5.2 million through the PWCC Marketplace, ESPN reported. Few […]

NFL Wild-Card Weekend Ratings Sag Despite Expanded Format

NFL Wild-Card Weekend Ratings Sag Despite Expanded Format

The NFL’s expanded slate on wild-card weekend, with several networks opting to expand their footprint by simultaneously broadcast on alternate networks or streaming, did not yield a ratings bonanza. Instead, overall viewer numbers were down year over year and in some cases were the lowest in five years or more. […]

Saudi Prince Khalid bin Abdullah created a breeding powerhouse on both sides of the Atlantic. One of the most respected owners and breeders in the world, Prince Khalid died Tuesday at 83. (Image: Trevor Meeks)

Powerhouse Owner, Breeder Prince Khalid bin Abdullah Dies at 83

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 […]

Online Sports Gambling in Michigan Set to Go Live This Week

Online Sports Gambling in Michigan Set to Go Live This Week

The wait is over for Michiganders as Richard Kalm, executive director of the Michigan Gaming Control Board (MGCB), said he expects the state to flip the switch for online sports betting within the next few days, and as soon as Tuesday night. Kalm noted Tuesday that final preparations in anticipation […]

in 2015, Sheldon Adelson bought the Las Vegas Review Journal, the largest daily paper in Nevada. (Image: Ethan Miller/Getty)

Renowned Casino Mogul Sheldon Adelson Died Within Days of Leave

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 Segev Bounces for DAZN in Wake of Attempted MGM Takeover

Entain CEO Segev Bounces for DAZN in Wake of Attempted MGM Takeover

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 […]

Kansas City Chiefs' Byron Pringle ran a kickoff back for a touchdown on Oct. 25. The (Image: Jack Dempsey /AP)

Sportsbooks Could Get New NFL Futures Contracts to Hedge Risk

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 […]

Can Brick-and-Mortar-Heavy Las Vegas Sands Pivot Online Fast Enough?

Can Brick-and-Mortar-Heavy Las Vegas Sands Pivot Online Fast Enough?

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 […]

Louisiana native Eric Guillot won't be holding court at Saratoga like he was here in 2016. NYRA banned him from its tracks after he gave horse a racist name. Guillot said he is retired and the horse has another name. (Image: Skip Dickstein/Albany Times Union)

NYRA, TSG Ban Trainer Guillot Over Racist Horse Name, Twitter Reference

Both the New York Racing Association and The Stronach Group’s 1/ST Racing affiliate banned trainer Eric Guillot from racing any of his horses or reserving barn space at any of their tracks after Guillot tagged one of his horses with an apparent racially offensive name. The horse’s name was Grape […]

Golden Gate Fields received the go-ahead to re-open after a COVID-19 epidemic ravaged the track's employees. The Northern California track closed for two months. (Image: Golden Gate Fields)

Golden Gate Fields Gets Go-Ahead to Restart After COVID-19 Outbreak

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, […]