Gambling Industry

The University of Colorado signed a five-year partnership with sports betting operator PointsBet, the first for a Power 5 conference school. (Image: Cliff Grassmick/Boulder Daily Camera)(photo by Cliff Grassmick/Staff Photographer)

University of Colorado Signs Five-Year Sponsorship Deal with PointsBet

The University of Colorado has entered into a five-year partnership with online sports betting operator PointsBet, marking one of the first deals between a major college athletics department and a gambling firm. Under the agreement, PointsBet will display signage at Colorado’s football stadium and basketball arena, and will place ads […]

Flavien Prat's closing-day victory aboard juvenile Dr. Schivel in the Del Mar Futurity gave the rider the Del Mar jockey title. The San Diego-area track boosted its handle 8% despite no fans and fewer race dates. (Image: Benoit Photography)

Del Mar Defies the Odds with Increased Handle, Decreased Racing Days

Del Mar’s 2020 summer meet ran with 25% fewer racing days than there were in 2019, and without spectators. Even so, the seaside San Diego-area track increased its betting handle 8% from last year. Race-starved Californians combined with action-hungry bettors outside the state to boost the track’s handle to $466.68 […]

Only a handful of essential personnel watched a geared-down Tiz the Law win the Grade 1 Travers at Saratoga Aug. 8. But despite no fans, Saratoga's handle surpassed $700 million for the second consecutive year. (Image: AP)

No Fans? No Problem as Saratoga Surpasses $700 Million in 2020 Handle

Bettors proved they could handle the magic of Saratoga’s racing season without being at Saratoga, passing the $700 million mark in all-sources handle for the second consecutive year. The numbers for the 40-day 2020 Saratoga meet remained surprisingly strong, despite the lack of fans due to the COVID-19 pandemic. Saratoga […]

Even Tadej Pogacar (UAE Team Emirates) cannot believe he held off Primoz Roglic (Jumbo-Visma) to win Stage 9 of the Tour de France at Le Runs. (Image: AP)

Tadej Pogacar Wins Stage 9 (Le Runs), Primoz Roglic Yellow Jersey

The Tour de France continued with another punishing mountain stage in the Pyrenees. Slovenia’s Tadej Pogacar (UAE Team Emirates) won his first-ever Tour de France stage with a victory in Stage 9 by a half-wheel at Le Runs. Fellow Slovenian Primoz Roglic (Jumbo-Visma) finished second and seized the yellow jersey […]

The centerfield scoreboard at Wrigley Field, home of the Chicago Cubs. (Image: Patrick Gorski/USA Today Sports)

Wrigley Field Could Host DraftKings Sportsbook

Chicago Cubs fans may get to bet on their team at Wrigley Field whenever patrons are allowed back into games. DraftKings Plans Wrigley Field Sportsbook The Cubs announced a partnership with DraftKings to make the Boston-based company its official DFS and sports betting partner. It’s the latest in a series […]

Throw These Three Derby Hopefuls Off Your Betting Tickets

Picking a Kentucky Derby winner this year may seem easy on paper. Or chalk, as Tiz the Law and his generational-low 3/5 morning line odds illustrate. But while there’s plenty of value underneath, there are also plenty of minefields – horses you want to avoid stuffing underneath in those trifectas […]

A spectator-free Churchill Downs for Saturday's Kentucky Derby might thn the in-person betting herd. But plenty of wagers will go down across the risk-reward spectrum. (Image: Getty)

Kentucky Derby Betting Options Go Deeper than Just the Derby

This weekend’s Kentucky Derby/Oaks cards provide bettors with a veritable wagering smorgasbord, one giving you betting options covering the entire risk/reward spectrum. There are, of course, your regular standbys: the win-place-show, exactas, trifectas, and superfectas. But because of the spectator-free nature of this year’s Derby and Oaks weekend, Churchill Downs […]

Michael Jordan, six-time NBA Champion and Charlotte Hornets , joins fellow major league owners in DarftKings stake. (Image: Thibault Camus/AP)

Michael Jordan Takes Equity Stake in DraftKings, Stock Soars

NBA icon Michael Jordan will receive an equity stake in the sports betting company DraftKings. In exchange, Jordan will become a special advisor to the company’s board of directors. News of the deal, announced Wednesday, sent DraftKings’ stock soaring. This isn’t Jordan’s first investment in the sports betting sector. In […]

Considered the Kentucky Derby's second favorite, Art Collector will miss the Run for the Roses after suffering a minor injury during a Monday gallop. (Image: Eric Crawford)

Hoof Injury Knocks Art Collector Out of Kentucky Derby

Expected to be a single-digit second favorite and the chief challenger to favorite Tiz the Law, Art Collector withdrew from Saturday’s Kentucky Derby due to a slight injury to his left front hoof. Trainer Tommy Drury, who was making his first career Kentucky Derby appearance with Art Collector, said that […]

Jockey Manny Franco and Tiz the Law, seen here winning the first leg of the Triple Crown in June, go for the second as the 3/5 Kentucky Derby favorite Saturday. (Image: Seth Winig)

Tiz the Law Opens as Lowest-Priced Kentucky Derby Favorite in 31 Years

The fact nobody has ever won the Kentucky Derby from post 17 didn’t dissuade Churchill Downs morning line oddsmaker, Mike Battaglia, from making Tiz the Law a 3/5 favorite for Saturday’s 146th Kentucky Derby. The Belmont Stakes and Travers Stakes champion drew post 17 in the 18-horse field, the smallest […]

The Jacksonville Jaguars waived running back Leonard Fournette on Monday and Bovada posted odds on his new team. (Image: AP)

Chicago, New England Favorites to be Leonard Fournette’s New Team

Now that the Jacksonville Jaguars have waived running back Leonard Fournette, the question becomes, who will his new team be? The former No. 4 overall 2017 draft pick apparently wore out his welcome with the organization, who cut him loose on Monday. Bovada quickly put out a prop bet on […]

Lotto Soudal’s Caleb Ewan wins a sprint to the finish in the Tour de France Stage 3 at Sisteron. (Image: AP)

Tour de France: Caleb Ewan Sprints to Sisteron Stage 3 Victory

Fighting a brutal head wind, Australia’s Caleb Ewan (Lotto Soudal) waited until the last possible second to accelerate and make his move to win Stage 3 (Nice > Sisteron) of the Tour de France. Julian Alaphilippe (DQS) retained the yellow jersey and overall lead during the third day of the […]

Art Collector, seen her romping to an easy victory in the Ellis Park Derby, is one of six Kentucky Derby horses with a triple-digit Beyer Speed Figure. (Image: Coady Photography)

Speed Rules: How Fast is Your Favorite Kentucky Derby Hopeful?

When it comes to handicapping the Kentucky Derby, the speedy rule of thumb used to be simple. Bring your thumb down to the horses who ran at least a 95 Beyer Speed Figure, and begin your handicapping from there. That’s an easy place to start, considering 25 of the last […]

The South Point Race Book is one of 82 Nevada race books that will book Kentucky Derby wagers outside of the national pari-mutuel pool. The state's race books and Churchill Downs Inc. are 10 months into a stalemate over the amount CDI wants per-dollar wagered. (Image: South Point)

Despite Impasse, Nevada Books Can Handle Kentucky Derby Wagers

An impasse between Nevada casinos and Churchill Downs Inc. sent the state’s casinos back to booking the Kentucky Derby in-house, rather than partaking in the national pari-mutuel pools. In an agreement signed last week, the Nevada Gaming Commission approved a resolution that allows the state’s casinos to book action on […]

The New York Mets are looking for a new buyer after a sale to hedge fund manager Steve Cohen fell through. (Image: Jeff McIsaac/Newsday)

Cohen Nears Mets Purchase, Fans Cheer, J-Lo Laments

There might be light at the end of the tunnel for NY Mets fans. On Friday, the beleaguered team won a double-header against the Yankees. On Saturday, fans discovered that billionaire Steve Cohen is in exclusive talks — again — to buy the Mets. In a subway series for the […]

A US appellate court upheld Maximum Security and rider Luis Saez's disqualification from last year's Kentucky Derby. (Image: Tom Pennington/Getty)

Appellate Court Upholds Maximum Security’s Derby Disqualification

On the cusp of the 2020 Kentucky Derby, the US Court of Appeals for the Sixth Circuit upheld a lower court decision validating Maximum Security’s disqualification in the 2019 Derby. In a unanimous 14-page decision handed down Friday, the three-judge appeals court upheld a November 2019 decision by a lower […]

NBC announced a partnership with PointsBet, the latest in a string of deals between media companies and sports betting operators. (Image: NBC Sports)

NBC Announces Multiyear Sports Betting Partnership with PointsBet

NBC Universal became the latest major American media organization to partner with a sports betting operator on Thursday, announcing a multiyear partnership with Australian firm PointsBet. The deal makes PointsBet the official sports betting partner of NBC Sports. NBC Seeks Engagement, PointsBet Looks for Credibility PointsBet launched its US operations […]

Caracaro (left) finished second to Country Grammer in the Peter Pan Stakes in July. Caracaro was scratched from the Kentucky Derby Friday after suffering apparent ligament damage during a workout. (Image: Skip Dickstein/Times Union)

Caracaro Scratched from Kentucky Derby After Morning Workout Injury

Illustrating in vivid detail the Road to the Kentucky Derby remains perilous, connections for Caracaro scratched the horse from the Sept. 5 Derby after a Friday workout at Saratoga. Exercise rider J.J. Delgado sent the Travers Stakes runner-up on a 1:12.26 six-furlong workout Friday morning. Afterwards, Delgado told trainer Gustavo […]