Gambling Industry

FanDuel briefly offered presidential election betting in West Virginia, but the market was quickly taken down. (Image: AFP)

Presidential Election Betting Goes Live in West Virginia, Pulled Minutes Later

FanDuel Sportsbook in West Virginia became the first bookmaker to offer legal betting on a US presidential election on Tuesday night, but quickly backtracked, removing the market from its online offerings in the state just minutes later. No regulator in the United States had approved election betting until West Virginia […]

Nearly 5 million people watched the Virtual Grand National on Saturday. Bookmakers took action on the "race," donating profits to charity. (Image: YouTube/GCRider)

Millions Tune in to Watch, Bet on Virtual Grand National (VIDEO)

The good news was, no horses were injured during the Virtual Grand National, which was viewed by a peak audience of nearly 5 million viewers throughout the United Kingdom. And the bookmakers earned a respectable profit, which they donated to charity. The bad news? No real horses ran in Saturday’s […]

Trainer Jason Servis, seen here after his Maximum Security was disqualified from the 2019 Kentucky Derby, has far more pressing problems these days. He's a centerpiece of a federal investigation into horse doping. (Image: Getty Images)

Servis, Navarro, 17 Others Plead Not Guilty In Horse Doping Scandal

Thoroughbred trainers Jason Servis and Jorge Navarro headline a list of 19 defendants who pleaded not guilty to federal charges involving horse doping during a Thursday arraignment and pre-trial conference conducted telephonically in the US Attorney General’s office for the Southern District of New York. The pair, along with numerous […]

William Byron is favored in this week's eNascar iRacing

Nevada Allows Betting on Virtual NASCAR iRacing

The Nevada Gaming Control Board announced on Friday that sportsbooks can accept bets on the 2020 eNASCAR iRacing Pro Invitational Series starting this weekend. Now that Nevada has paved the way for betting on NASCAR’s virtual races, other states and eSports may follow. The outbreak of the coronavirus has left […]

Washington D.C. would have launched its mobile sports betting product this week, but the coronavirus sports shutdown has delayed those plans. (Image: Win McNamee/Getty)

Washington D.C. Delays Launch of Mobile Sports Betting

After a series of controversies and delays, Washington, D.C.’s sports betting platform is finally ready to launch. But without any American sports to wager on, officials now plan to wait on taking their first bets in the nation’s capital. The D.C. Office of Lottery and Gaming announced a March 31 […]

Jeff and Fred Wilpon have already burned potential buyers twice. (Image: Frank Franklin II/AP)

Wilpons Push Mets Sale Amid Flagging Revenues and Pandemic

According to reports, the New York Mets are still up for sale. While this is arguably the worst time to sell a major league team, the Wilpons have never been known for their timing. Like most major league sports, MLB’s season is on hiatus due to a global pandemic. Would-be […]

The starting gate at iconic Santa Anita Park will stay empty for the foreseeable future after county health officials closed the track Friday morning. (Image: Santa Anita Park)

County Health Officials Abruptly Close Santa Anita Park

With 30 minutes to go before first post, officials from the Los Angeles County Health Department shut down racing at California’s Santa Anita Park Friday morning. The move came in response to the COVID-19 pandemic. Track officials at Santa Anita, who worked hard to keep the track open for racing […]

In the absence of sports, sportsbooks have begun taking bets on the weather. (Image: Unsplash)

Now You Can Bet on the Weather

With sports shutting down during the COVID-19 pandemic, bettors are turning to something that can never be canceled – the weather. Highs and Lows of Temperature, Precipitation Bets A few operators have turned to such things as temperatures and precipitation as the basis of wagers to tempt players to bet […]

Clippers' owner Steve Ballmer plans to keep the Forum as a music venue. (Image: City of Inglewood)

Clippers’ Steve Ballmer Avoids Lawsuits with $400M Forum Purchase

LA Clippers owner Steve Ballmer will fork over $400 million in cash for the Forum in Inglewood, California. The purchase, announced Tuesday, paves the way for the Clippers’ new arena at a nearby location, but most of all, it ends Madison Square Garden’s (MSG) contentious legal battle with the City […]

Brad Keselowski and his boss, Team Penske, haven’t made much progress with a new contract, but neither side seems that concerned. (Image: Getty)

Silence Deafening in Brad Keselowski Contract Talks

This has already been an interesting season for NASCAR driver Brad Keselowski, but it could get much more fascinating for the soon-to-be free agent who will be without a contract in eight months. Keselowski’s contract with Team Penske expires at the end of the year, but there doesn’t seem to […]

Despite legal threats from a city official who says racing is a non-essential business, Gulfstream Park intends to reach the finish line with its meet card. That includes Saturday's Florida Derby. (Image: Getty Images)

City Official Threatens Legal Action Against Gulfstream Park for Racing

Despite threats from a Hallandale Beach city official to take “legal action” if racing isn’t stopped, Gulfstream Park has no plans to close its doors this week and intends to run Saturday’s Florida Derby without any spectators in the grandstands. Hallandale Beach Vice Mayor Sabrina Javellana said Broward County’s ban […]

William Hill CEO Joe Asher said his company has put together several coronavirus-related wagers to try and make up for the lost revenue with all the major sports closing. (Image: Sport Business Daily)

Coronavirus-Related Wagers Creative, Not Terribly Profitable

With major sports canceled, sportsbooks are losing money. As a result, oddsmakers are looking for new revenue streams and are trying to get creative by offering coronavirus-related wagers. Several offshore books are scrambling to provide bets for their customers, and some of the offerings are imaginative, to say the least. […]

Fabiano Caruana suffered a loss to Ding Liren in Round 3, but is still the favorite to win the 2020 Candidates Tournament. (Image: Lennart Ootes/FIDE)

Candidates Tournament Odds: Three Share Lead, But Caruana Remains Favorite

Three players share the lead at the Candidates Tournament to determine the next challenger for the World Chess Championship in Yekaterinburg, Russia, but American Fabiano Caruana remains the favorite to win the event and challenge Magnus Carlsen for his title. Ian Nepomniachtchi, Maxime Vachier-Lagrave, and Wang Hao share the lead […]

Eldorado Resorts continues to push for its acquisition of Caesars Entertainment, despite the heightened risks due to the coronavirus outbreak. (Image: Eldorado Resports)

Coronavirus Complicates $17.3 Billion Eldorado, Caesars Merger

To protect its merger with Eldorado Resorts, Caesars Entertainment was among the last casino companies to close during the coronavirus outbreak. But even if the deal goes through, there could be tough times ahead for Caesars — and the banks financing the deal. Last June, Eldorado Resorts agreed to acquire […]

Jockey Club Reports Horse Fatalities at Lowest Point in a Decade

Jockey Club Reports Horse Fatalities at Lowest Point in a Decade

The incidences of horse fatalities at American thoroughbred racetracks are now at their lowest point in a decade, according to statistics compiled by the Jockey Club’s Equine Injury Database (EID). The 2019 rate of fatal injuries to horses is at its lowest number since the EID began collecting data in […]