Experts in Sports and Gambling
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 an about-face brought on by a projected $15 billion revenue shortfall, New York Gov. Andrew Cuomo is making swift legalization of online sports gambling in the state a centerpiece of his administration. Cuomo, formerly an opponent of online sports gambling in New York, hinted that the key to regaining […]
Bally’s Corporation this week picked up where it left off late last year as a young company attempting to grow quickly. Only this time, instead of increasing its digital and media footprint, Bally’s is going the brick-and-mortar route. Monday, Bally’s announced plans to build a mini-casino in Pennsylvania just as […]
Seeking a single-brand strategy for its sports wagering and online platforms, Churchill Downs Inc. announced Tuesday it will discontinue using its BetAmerica brand. Instead, it moves that segment of its business to its familiar TwinSpires brand. According to a release announcing the move, the transition begins later this month, when […]
MGM Resorts International, the parent company of BetMGM, is looking to start the new year big as it’s reportedly on the cusp of acquiring Entain, the parent of one of the biggest and oldest sportsbooks in the world, London-based Ladbrokes. With the backing of billionaire Barry Diller’s IAC Group, Entain, […]
The online gambling world took away a lot of lessons last year. Big mergers happened in 2020 and will continue to happen this year as corporations keep pushing for monolithic hegemony. In the US, states will continue to regulate and open for business to become the next New Jersey, Pennsylvania, […]
Fans know Charles Barkley as an NBA legend, not to mention an outstanding analyst and personality on the “NBA on TNT” broadcasts. It is also well known that Barkley enjoys high-stakes gambling, perhaps even a bit more than he should. Considering both of those personas, FanDuel decided it found the […]
They won’t be the only state to open for online sports gambling in January, but Virginia will undoubtedly do so with a unique set of regulations. Legalized in July, the Virginia Lottery has granted preliminary approval for up to a dozen online sportsbooks, including five of the usual suspects.DraftKings, FanDuel, […]
The latest merger between big gambling and big media became official Monday, foretelling a not-too-distant future of monolithic corporations and in-game wagering from home. The deal makes FOX Bet and parent company Flutter Entertainment a 95% shareholder in New York-based FanDuel. To complete the acquisition, Dublin-based Flutter will get a […]
Bud Light will have its name on the first-ever branded bet made with a sportsbook FanDuel announced on Wednesday. The two will team up to sponsor a wager during the Dec. 19 game between the Denver Broncos and the visiting Buffalo Bills. The proposition is simple: Dubbed the “Pick & […]
The state of Illinois took its first sports bet in the week March Madness was canceled. In the months that followed, betting action was negligible. But over the last 90 days, as sports returned, the Prairie State emerged as the Midwest capital of online sports betting. The Illinois Gaming Board […]
On Monday, less than 24 hours after Tennessee opened up for sports betting, the Memphis Grizzlies announced a partnership with FanDuel, making it the first such association between a gambling operator and an NBA franchise. FanDuel just began operations in Tennessee as one of a quartet of online sportsbooks licensed […]
While the presidential race outcome is still in limbo, three states — Maryland, Louisiana, and South Dakota — approved sports gambling by wide margins in Tuesday’s general election. The number of states allowing sports betting is now 26, plus Washington DC. None of the three states that just approved sports […]
For the last half-decade, DraftKings and FanDuel have been making quiet campaign contributions toward sports gambling legalization efforts. This Election Day, thanks to initiatives they’ve championed, voters will have their say on the fate of sports betting in three states — Maryland, Louisiana, and South Dakota. So far, 22 states […]
The wait is over for Tennesseans looking for sports betting to begin in their home state as a quartet of sites is set to go live this weekend. While many bettors are eagerly awaiting the chance to place legal wagers on their favorite teams, there are some important regulations they […]
DFS players at DraftKings and FanDuel are finally receiving payouts from the weekend contests after delays due to live scoring issues, but participants in some contests are still left waiting. DraftKings paid out all college football contests on Monday, and experienced no scoring issues in NFL games on Sunday, so […]
The weekend of football proved hair-pullingly frustrating for DFS users who couldn’t follow live scoring for their contests, and who are still waiting for payouts on Monday – up to two days after some contests ended. Neither DraftKings nor FanDuel offered live scoring for college football contests on Saturday. DraftKings […]
The IRS said it intends to impose an excise tax on DFS contest entries, but legal experts believe the industry can delay the implementation due to ambiguities in the law. Confusion About Whether DFS Contests are Wagers An IRS memo said that DFS companies must pay a 0.25 federal excise […]
A decision by the IRS to require daily fantasy sports operators to pay a federal excise tax on DFS contests is spurring debate over the future of the industry. DFS Subject to Same Excise Tax as Sports Bets An IRS memo says the DFS industry will face the same 0.25 […]
DraftKings and FanDuel may be able to offer bets in Illinois as early as this weekend when Major League Baseball returns to play, with William Hill waiting in the wings. 5 Online Sportsbook Operators in Illinois with William Hill Coming Soon Sleuths discovered that DraftKings and FanDuel, the two biggest […]
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