The Equibase Economic Indicators in Thoroughbred Racing report for July revealed another year-over-year increase in wagering, with horseplayers putting down more than $1 billion during the month. That reflects a 16.6% increase over July 2019’s numbers. This increase happened because more tracks opened up during July, most notably Saratoga and […]
Sportsbook deals continue to heat up, even as major league sports continue to struggle. In a new multi-year deal, International Gaming Technologies will provide the technology for all of FanDuel’s retail sportsbooks. Meanwhile, FanDuel rival, DraftKings, sees opportunity in the Premier Lacrosse League. Restarting sports in 2020 has been challenging, […]
Nevada sportsbooks proved that the house doesn’t always win, taking a monthly loss in June for the first time since 2013. Bettors came out ahead by about $483,000 for the month, according to information released by the Nevada Gaming Control Board. Bettors Cash in on Overdue Football Tickets That marks […]
The PGA Tour further embraced legalized sports betting on Tuesday, announcing that DraftKings will become its first official betting operator. The move strengthens the ties between the PGA Tour and DraftKings, which became the tour’s first official fantasy game as of July 2019. Golf Betting Sets Records During COVID-19 Pandemic […]
Longtime owner Glen Taylor is looking to sell the Minnesota Timberwolves for $1.2 billion. Current bidders include the Wilf family, owners of the NFL’s Minnesota Vikings, while another bidding group features Kevin Garnett, the former power forward who led the T-Wolves to eight consecutive playoff berths. The 79-year old Taylor […]
The Nevada Gaming Control Board will allow BetMGM to void a number of bets on two Asian baseball leagues that were placed after the games were already underway, ESPN reported on Tuesday. Bettors won nearly a quarter-million dollars early on June 28 by betting on games in the KBO League […]
A new study by the American Gaming Association found that Americans understand that they should be betting at legal sportsbooks, but don’t always know exactly which sites are legitimate. 74% of bettors told the AGA that it is important to only wager through legal, regulated sports betting providers. AGA: Illegal […]
The National Women’s Soccer League (NWSL) awarded its Los Angeles expansion team rights to an owners group, replete with women actors, entrepreneurs and athletes. The star-studded group includes actor Natalie Portman, tennis pro Serena Williams, and 14 former USWNT players. Last month, The Athletic revealed that an LA expansion team was […]
New Jersey gave its approval for the Eldorado Resorts and Caesars Entertainment merger on Friday, but with one surprising condition. Given the current environment, however, the casino companies are lucky they made it through the lengthy approval process. The New Jersey Casino Control Commission was the last regulator to review […]
Sportsbooks in at least two states stopped taking bets on Ukrainian table tennis events after an integrity association alerted regulators of potential match fixing this week. The Sports Wagering Integrity Monitoring Association sent an alert to New Jersey regulators on Tuesday, warning about concerns over table tennis events in Ukraine, […]
Billionaire hedge fund manager Steve Cohen is apparently taking another stab at buying the New York Mets. According to rumors, Cohen is a last-minute participant in the first round of bidding for the MLB team. If the rumors are true, this would be Cohen’s second attempt to pry the Mets […]
In the face of fallout from across the racing world, Tom VanMeter, a prominent Kentucky horse owner and breeder, apologized Tuesday for racist remarks he made last week on social media. A well-known figure in the Kentucky horse industry, VanMeter owns Stockplace Farm, the birthplace of 2015 Triple Crown champion […]
Equibase’s monthly report on Economic Indicators in Thoroughbred Racing for June revealed the first uptick in racing handle since February, before the COVID-19 pandemic wreaked havoc on the industry. June’s uptick is slight, 0.76% over June 2019. This result is due to tracks opening or re-opening throughout June. That said, […]
On Sunday, a bettor at the Bellagio in Las Vegas cashed a 10-leg parlay on Korean and Chinese baseball games, winning $137.107.38 off a $250 bet. By Tuesday, it was apparent that the big winner was just the biggest beneficiary of a flaw in how BetMGM had listed Asian baseball […]
Under Armour is trying to ditch its long-term contracts with two of California’s best-known college sports programs. This appears to be yet another desperate attempt by the fading apparel company to stem its mounting losses. Under Armour was struggling even before the global pandemic. Since then, things have only gotten […]
DraftKings quickly became a stock market darling after its initial public offering in April, with shares more than doubling in less than two months. But after the fervor dies off, will the company – known for DFS, sports betting, and it’s growing online casino division – continue to be a […]
Allen Iverson officially retired from the NBA in 2013 but thanks to Reebok, he’s still receiving $800,000 a year. Better yet, the 11-time All-Star can collect another $32 million bonus from the athletic shoe company in 10 years. Iverson celebrated his 45th birthday this week. That’s the earliest age at […]
Converse has signed Natasha Cloud, the first woman basketball player to endorse its shoes. In doing so, the WNBA Mystics guard follows in the footsteps of some of basketball’s legends — from Chuck Taylor to Julius Erving. But even before the groundbreaking announcement, Cloud made headlines with an important message, […]
One day last month, Matt Metcalf, Circa Sportsbook’s Director, brought a homework assignment to Paul Zilm, his risk supervisor: Create a Kentucky Derby Futures Board from scratch. And when you finish, knock out one for the Belmont Stakes. Off Zilm went, spending much of the next two-plus weeks watching every […]
The Arlington Million, Illinois’ biggest horse race of the year, is the most prominent casualty of a deadlock between Arlington Park officials and the Illinois Thoroughbred Horsemen’s Association agreeing on a new contract. The two entities came to a tentative agreement on a daily purse structure for a 30-day meet […]
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