Gambling Industry

Saints QB Drew Brees celebrates throwing his 540th career touchdown to pass Peyton Manning for the NFL record against the Indianapolis Colts at the Superdome in New Orleans. (Image: Jonathan Bachman/Getty)

Drew Brees to Co-Own Professional Pickleball Team

This week, former NFL QB Drew Brees announced his stake in a professional pickleball team. The Mad Drops Pickleball Club out of Austin, TX is one of 12 teams in Major League Pickleball. Jim Buss, co-owner of the LA Lakers, is also part of the investment group that acquired the […]

Jalen Green made headlines when he joined Ignite, a G League team, over college. Now playing for the Houston Rockets, Green has no regrets. (Image: Juan Ocampo/Getty)

Elite G League Team Move Re-Ignites Vegas NBA Expansion Hopes

The NBA is relocating a G League team to the Las Vegas suburb of Henderson, stoking the rumors that a full-fledged NBA team will soon follow. And for good reason. Ignite isn’t just an ordinary NBA development team — it’s the NBA’s elite training program, molding next year’s superstars. Arguably, […]

Gun Runner has made his progeny's connections smile like Florent Geroux did during the horse's final 2018 race: the Pegasus World Cup. Gun Runner is the top first- and second-crop sire in North America. (Image: Coglianese Photos/Zoe Metz)

Star Stallion Gun Runner Going South For Australian Breeding Season

Like any rock star worth his paycheck, Gun Runner is taking his act on the road. The leading second-crop sire in North America will breed a limited number of Southern Hemisphere mares during the Down Under breeding season. Thoroughbred Daily News reported that Gun Runner will stand for $75,000 US/AUS $109,700. […]

Del Mar returns its successful wagers to its 2022 betting menu. The seaside track's 83rd season begins Friday and runs through Sept. 11. (Image: Del Mar Thoroughbred Club)

Del Mar Betting Menu Includes Extra Pick 6 Mandatory Payout Day

When Del Mar begins its 83rd summer season on Friday, it will do so with one notable change in its wagering menu: an extra mandatory payout day for its Rainbow Pick 6. That brings to three the number of mandatory payout days for the wager, which requires horseplayers to hit […]

Macau casinos (Image: Chris McGrath/Getty)

Macau Casinos Get $1.5 Billion in Loans from Wynn and LVS

Two Macau casinos received large loans from their US parent companies, helping them weather the latest COVID shutdown. Although, it may be US gamblers and shareholders who pay the price in the end. Last month, Wynn Resorts provided a $500 million revolving loan to Wynn Macau. Meanwhile, Las Vegas Sands […]

Kitten's Joy was one of the most influential stallions this century, especially on turf. He died Friday at his Kentucky farm. (Image: Hill 'n' Dale Farm)

Influential Turf Sire, Champion Kitten’s Joy Dies at 21

Kitten’s Joy, a former Champion Male Turf Horse and one of the top turf sires of the 21st century, died Friday at his Hill n’ Dale Farm home in Xalapa, KY. of an apparent heart attack. He was 21. Ramsey Farm’s social media accounts announced the death Friday. Ramsey Farm […]

Bettors on Ellis Park wagers this Friday will enjoy penny breakage, meaning they will cash bigger tickets than horseplayers in other states. That's courtesy of a penny breakage bill that goes into effect Friday. (Image: Ellis Park)

Kentucky Becomes First State Implementing Penny Breakage on Wagers

Beginning this Friday, horseplayers wagering on Kentucky races will get paid to the penny when the state’s long-awaited penny breakage law takes effect. The Thoroughbred Idea Foundation, a grassroots advocacy group for horseplayers and horse owners, reported the change kicks in this week at Ellis Park. “This is a welcome […]

Jack Christopher's Grade 1 Woody Stephens victory was one of the highlights of Belmont Park's 2022 Spring/Summer Meet. One of the most lucrative meets had a rise in average daily handle and a drop in overall handle from 2021. (Image: NYRA Photo)

Mixed Messages Define Belmont Park’s Spring/Summer Handle

First, the good news for Belmont Park and its just-concluded Spring/Summer Meet. The track enjoyed a 2% increase in average daily handle over 2021. The average daily handle came in at $13,437,509 for the 44-day meet that ended Sunday. According to the New York Racing Association, the average daily handle […]

Orioles' Trey Mancini drives home the winning run against the Angels on July 8, 2022. Both Mike Trout and Shohei Ohtani hit homeruns, to no avail. (Image: Julio Cortez/AP)

Streaming Sports is Getting More Expensive and More Complicated

The advantages of streaming sports are now at loggerheads with increasing costs and complexity. Media providers are coming out of the woodwork to stream sports, paying top dollar for exclusive rights. As a result, recreational fans and sports bettors, are paying more than ever to follow teams, using a complicated […]

The sons of some of baseball's finest are now playing for this little known league. (Image: Joon Lee/ESPN)

This Little Known Team Features the Sons of Baseball Superstars

Tickets to watch this Futures Collegiate Baseball League team have never been hotter. That’s because the Brockton Rox features the sons of baseball legends like David Ortiz, Manny Ramirez, Pedro Martinez, Garry Sheffield, and Keith Foulke. Scouts travel far and wide to size up potential talent for MLB. But they […]

Endeavor went public in April 2021. In September it announced its acquisition of OpenBet. (Image/Arturo Holmes/Getty)

Endeavor Slashes Bid for OpenBet After Sportsbook Valuations Tank

Last week, Endeavor lowered its bid for OpenBet to $800 million, down from its previous offer of $1.2 billion. The 33% price reduction comes in the midst of a stock market correction, which has pummeled sports betting securities. Last September, Endeavor agreed to buy OpenBet from Light & Wonder (formerly […]

Max Verstappen wins Miami's inaugural F1 race in May 2022. (Image: Brian Snyder/Reuters) REUTERS/Brian Snyder

F1 Renews with ESPN Even Though Amazon Bid More

F1 chose to renew its media rights deal with ESPN through 2025. Amazon’s bid to stream the prestigious auto racing series, however, was significantly higher, according to Sports Business Journal sources. Still, ESPN will have to cough up a lot more than it paid to cover the previous three years. […]

A NYRA three-member panel suspended Hall of Fame trainer Bob Baffert until the end of January. (Image: Susie Raisher/NYRA Photo)

Three-Member NYRA Panel Suspends Bob Baffert Until January

After taking two months to review its hearing report, the New York Racing Association suspended trainer Bob Baffert for 365 calendar days, effective immediately. The three-person hearing panel that reviewed Judge O. Peter Sherwood’s 50-page report from the April hearing credits Baffert with 59 days served. That came via NYRA’s […]

On June 19, 1972, Curt Flood failed in his challenge of the MLB antitrust exemption. But his court battle led to free agency. (Image: Getty)

Clock May Be Ticking on MLB Antitrust Exemption

Almost exactly 100 years ago, Major League Baseball received an exemption from the Sherman Antitrust Act. To this day, it’s the only US sport legally operating as a monopoly. But a minor league lawsuit, and recent pressure from the Department of Justice, could limit MLB’s unique control. In December 2021, […]

PSA raised its rates on Monday, making it significantly more costly to have sports and TCG cards evaluated through the company. (Image:

PSA Reimplements All Card Grading Services — at Much Higher Cost

The sports card hobby’s leading grader has reopened all of its levels, but collectors must now pay much more for the same services. Professional Sports Authenticator (PSA) had to temporarily suspend some of its authentication and grading services last year due to overwhelming demand while working through a backlog of […]

When (Image: Troy Wayrynen/Reuters)

Pros and Cons of the Exclusive Apple MLS Streaming Deal

Apple just locked up the next ten years of MLS streaming rights. The US soccer league should net roughly $250 million per year from the exclusive streaming deal. While some matches will still likely air on television, Apple will offer all every single MLS match. There are some obvious advantages […]

Shivam Dube for the Chennai Super Kings (CSK) 23 run victory over the Royal Challengers Bangalore (RCB). Image (BCCI/IPL

Cricket’s IPL Media Rights Fetch More Than $6 Billion

In a series of recent auctions, the Indian Premier League (IPL) sold its media rights for more than $6 billion. The popular cricket league’s current media contract with Star India — a subsidiary of Disney — expires at the end of this year. Going forward, however, Disney will have to […]

LeBron James from the Los Angeles Lakers is the only active NBA player named to the latest Forbes list of billionaires. (Image: Getty)

LeBron James Wants to Own an NBA Expansion Team in Las Vegas

There’s been a lot of chatter about Seattle and Las Vegas becoming the next two cities to land NBA expansion teams, and LeBron James publicly stated that he would like to be the owner of any new team in Sin City. On Friday, the next episode of “The Shop” debuts […]

The heir to the Walmart fortune will become the next owner of the Denver Broncos in a record-setting sale. (Image: Getty)

Walmart Scion Agrees to Buy Denver Broncos for $4.65 Billion

The Denver Broncos have a new owner. Well, almost. The final sale is pending a vote from the other NFL franchise owners and approval from the league’s finance committee, but it looks like the Walton-Penner group will become the next owner after they agreed to a purchase agreement for the […]