Gambling Industry

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 […]

Pete Rose says he still bets on baseball to this day, though he now does so legally at casinos. (Image: Ron Vesely/MLB/Getty)

Pete Rose Admits He Still Bets on Baseball, 31 Years After MLB Ban

Former Cincinnati Reds player and manager Pete Rose is still seeking reinstatement from Major League Baseball, which banned him from the sport in 1989 for betting on games in which he played and managed. Now, Rose says he still enjoys betting on baseball, though the circumstances of those wagers have […]

Indicted trainer Jason Servis, seen here sweating out the steward's inquiry in the 2019 Kentucky Derby, now faces a charge of wire fraud along with his horse doping charges. (Image: Lexington Herald Leader)

New Indictments Handed Down in Servis-Navarro Horse Doping Case

Federal prosecutors handed down superseding indictments Tuesday in the alleged horse doping scandal involving trainers Jason Servis, Jorge Navarro, and 12 other defendants. The new indictments tack on a charge of wire fraud to Servis and veterinarians Alexander Chan and Kristian Rhein. All three pleaded not guilty to the new […]

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, […]

UCLA to Host Cal on Sunday as Pac-12 Shuffles Schedule to Save Seasons

UCLA to Host Cal on Sunday as Pac-12 Shuffles Schedule to Save Seasons

As COVID-19 infection rates soar to all-time highs nationwide, the Pac-12 is doing its best to juggle schedules and save football seasons. But even the most creative last-minute efforts will still fall short for some. After two teams lost their week two opponents for this weekend, the conference scrambled to […]

Quarterback Kyler Murray of the Arizona Cardinals evades the Miami Dolphins defense. (Image: Chris Coduto/Getty)

NFL Week 10 Quickie: Buffalo/Arizona, Seattle/LA Rams Marquee Matchups

The Bills Mafia invades Arizona when Buffalo takes on Kyler Murray and the Cardinals.Week 10 of the NFL season has a couple of exciting games on the schedule including the Buffalo Bills (7-2) playing at the Arizona Cardinals (5-3). There’s also an NFC West showdown between the first-place Seattle Seahawks […]

It’s Economical How Gramm Won Breeders’ Cup Betting Challenge

It’s Economical How Gramm Won Breeders’ Cup Betting Challenge

Proving those who can do, can teach, Marshall Gramm, an economics professor at Rhodes College in Tennessee nailed an Authentic-Improbable exacta in the Breeders’ Cup Classic. The $170,250 score gave him the 2020 Breeders’ Cup Betting Challenge title. With the late bet, which vaulted Gramm over 429 other top handicappers, […]

Indiana Smashes Online Gambling Records: Now #4 in US Sports Betting

Indiana Smashes Online Gambling Records: Now #4 in US Sports Betting

Indiana cracked the top five in online sports betting handle with a bullet as Hoosiers wagered $231 million in October. That number is up more than 11% from September’s in-state, record-setting total of $207 million, and signals $35 million in gross revenue for September and October combined. State officials estimate […]

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 […]

Valencia is one of several La Liga clubs currently featuring a gambling firm as the main sponsor on its shirts. (Image: Jose Jordan/AFP/Getty)

Clubs, Operators Scramble After Spain Bans Soccer Team Gambling Sponsorships

Today, 17 of the 20 clubs in La Liga – Spain’s top-flight soccer league – enjoy some sort of sponsorship deal with one or more gaming firms. By next season, the Spanish government says that number will be zero. Last week, the Spanish government approved the Royal Decree on Commercial […]

WynnBET Expansion Lights Fiscal Path for Wynn Resorts

WynnBET Expansion Lights Fiscal Path for Wynn Resorts

An announcement that Wynn Resorts is in the process of investing heavily in its online gambling product, combined with the news that a COVID-19 vaccine may be in the offing, resulted in a mammoth win for the resort and entertainment giant (NASDAQ: WYNN) as its stock price surged more than 22% Monday […]

Horsemen's Park in Omaha is one of six Nebraska racetracks benefiting from the state's voters approving three ballot initiatives last week. (Image: Horsemen's Park)

Nebraska Racing Gets a Casino Boost from the State’s Voters

While voters in three states recently approved sports betting in Election Day referendums, Nebraska voters overwhelmingly passed three state constitutional amendments of their own, allowing casino gambling at horseracing tracks throughout the Cornhusker State. All three measures, labeled Initiatives 429, 430, and 431, passed by nearly 2-to-1 margins. This allows […]

After Authentic and John Velazquez captured the Breeders' Cup Classic, the 3-year-old Kentucky Derby champion rides into retirement. He'll open the 2021 breeding season at Spendthrift Farm. (Image: Darron Cummings/AP)

After Breeders’ Cup Classic Win, Authentic Rides Off to Retirement

After watching his gate-to-wire victory in Saturday’s Breeders’ Cup Classic, it took Authentic’s owners barely 24 hours to retire the three-time Grade 1 winner at the end of his 3-year-old season. The Kentucky Derby champion heads to Spendthrift Farm, the large Kentucky breeding farm and majority owner of Authentic. He […]

Pac-12 Down Two More Teams Due to COVID-19 Outbreak

Pac-12 Down Two More Teams Due to COVID-19 Outbreak

With COVID-19 cases in the US setting a single-day record of 120,000 on Thursday, the Pac-12 continues its struggles with the pandemic as the second matchup of its delayed season kickoff was canceled on Friday. Officials from the University of Utah announced that they found positive cases among an undisclosed […]

Improbable was nothing short of awesome in the Grade 1 Awesome Again Stakes. The 5/2 favorite rides into the Breeders' Cup Classic on a three-race win streak. (Image: Alex Evers)

Breeders’ Cup Classic: Picking a Winner in this All-Star Field is a Puzzle

If you’re grasping to understand how good the field is for this year’s Breeders’ Cup Classic truly is, it’s easiest to picture what an All-Star horse race would look like. The Mid-fall Classic, as it were. If the Mid-fall Classic offered a $6 million purse, two Triple Crown race winners, […]

ESPN Eliminates 500 Jobs, 300 Through Layoffs

ESPN Eliminates 500 Jobs, 300 Through Layoffs

ESPN’s financial woes, exacerbated by the COVID-19 pandemic, have resulted in a massive layoff of 300 staffers along with the elimination of 200 currently unfilled job openings.  The layoffs will be spread throughout the sports cable empire, with on-air personnel being spared initially, according to a memo from ESPN Chairman […]

Complexity made his victory in the Champagne Stakes two years ago look easy. He's a solid 2/1 favorite in the Breeders' Cup Dirt Mile. (Image: Coglianese Photos)

Three Breeders’ Cup Contenders Worth Your Attention

The Breeders’ Cup Classic, Turf, Distaff, and – to a lesser extent, Juvenile – are the Breeders’ Cup races everyone follows. That’s understandable, especially in a year like this, when the Classic is a virtual All-Star race and when the Distaff offers one of the best duels of all 14 […]