Officials from Major League Baseball and the American Gaming Association battled over the feasibility of incorporating integrity fees into legal and regulated sports betting in the US, during a panel discussion at the Global Gaming Expo (G2E) in Las Vegas on Wednesday. In a panel discussion moderated by ESPN broadcaster […]
Business and Commerce
Sports Betting Is Hot Topic at G2E Gaming Convention in Las Vegas
The Global Gaming Expo (G2E) began on Monday at the Sands Convention Center in Las Vegas, and while exhibitors from around the world showed off products and information of interest to every corner of the gaming industry, it is sports betting that has dominated the discussion so far. According to […]
NASCAR Will Issue New Rules on Gambling for 2019 Season
NASCAR president Steve Phelps says that the auto racing series will implement new guidelines on sports betting before the 2019 season, covering topics ranging from who is and is not allowed to place bets on races to how gambling-related sponsorships will be managed. Phelps’ comments came during last weekend’s NASCAR […]
Pennsylvania Gaming Control Board Approves First Round of Sports Betting Licenses
The Pennsylvania Gaming Control Board has awarded the first two sports betting licenses in the state, opening the door for operators to start taking bets later this year. In a Wednesday meeting, the PGCB awarded licenses to Greenwood Gaming & Entertainment, which will run sports betting operations through Parx Casino […]
New Study Claims NHL Could Earn $216M Annually From Sports Betting
Outside of the Vegas Golden Knights, NHL teams haven’t traditionally attracted a ton of attention from sports bettors. But according to a new study by Nielsen Sports, the league could still see significant benefits from legalized sports betting. According to the study, which was commissioned by the American Gaming Association […]
Congressional Hearing Suggests Feds Could Get Involved in Sports Betting
A Congressional hearing on sports betting held by a House Judiciary subcommittee Thursday suggested that there may be an appetite for some sort of federal regulation of the industry, though no clear path towards legislation has materialized. In what was the first Congressional hearing to deal with the sports betting […]
William Hill Partners with IGT, Continuing Bookmaker’s Aggressive American Sports Betting Push
William Hill continues to expand its presence in the American sports betting market, announcing Tuesday that it would be partnering with International Game Technology (IGT) to create a full service solution for sports betting that will be offered to state lotteries in the USA. The two companies have already worked […]
FanDuel Reverses Decision, Will Pay Bettors Who Took Advantage of Erroneous Odds on Broncos
After a few days of controversy, FanDuel has decided to honor the bets made by a dozen gamblers in New Jersey who received erroneously high odds on the Denver Broncos to beat the Oakland Raiders during an 18-second window on Sunday. FanDuel had initially only agreed to pay bettors at […]
New Jersey Devils Expect to Bank $5M This Season from Sports Betting Partnerships
Sports leagues may not have had much success in convincing states to pay “integrity fees” when people bet on their games, but the New Jersey Devils are showing that leagues and franchises have plenty of earning potential when it comes to legalized sports betting. In an interview with Bloomberg TV, […]
Westgate Resorts, Paragon Gaming Taking SuperBook Sports Betting Brand Nationwide
For three decades, the Westgate Las Vegas SuperBook has been the biggest name in American sports betting, frequently cited by pundits and media when quoting lines on major sporting events. Now, Westgate Resorts and sportsbook operator Paragon Gaming are planning to bring the SuperBook brand to gamblers throughout the United […]
William Hill US Enters Multi-Year Partnership with Vegas Golden Knights
William Hill US and the Vegas Golden Knights have announced that they have entered into a multi-year partnership that will see the sportsbook heavily advertised in the NHL franchise’s arena. The agreement is the first of its kind between a sportsbook and an NHL team, and comes at a time […]
William Hill Reaches 25-Year Sports Betting Agreement with Eldorado Resorts
William Hill is continuing to expand its reach in the American sports betting marketplace, as the company has reached a deal with casino operator Eldorado Resorts to establish sportsbooks in their facilities across the United States. The agreement sees William Hill US get the exclusive right to manage sportsbooks for […]
Nielsen Report Says NFL Could Earn Billions from Higher Ratings Thanks to Legal Sports Betting
A new report by Nielsen suggests that the NFL could make billions of dollars from legalized sports betting in the United States, in the form of improved ratings and ticket sales as bettors pay closer attention to the league. The report, which was commissioned by the American Gaming Association (AGA), […]
Chuck Schumer Unveils Proposed Federal Framework for Sports Betting Regulation
Senate Minority Leader Chuck Schumer (D-New York) unveiled a proposal that would provide a federal framework for legalized sports betting in the United States on Wednesday, suggesting solutions that would put more power in the hands of the leagues themselves. In a memo outlining the proposal, which was first provided […]
New Jersey Online Sports Betting Options Expand with Release of Two New Mobile Apps
When DraftKings launched the first online sports betting app in New Jersey with its partner, Resorts Casino Hotel, it knew it was only a matter of time before there would be competition for mobile bettors. That competition began to materialize this week, as two new mobile sportsbooks were launched in […]
Nevada Gaming Commission Rejects Proposed $250K Fine for CG Technology over Betting Violations
In a highly unusual move, the Nevada Gaming Commission (NGC) on Thursday refused to accept a stipulated settlement as proposed by the Nevada Gaming Control Board (GCB) to resolve troubled sports betting operator CG Technology. The five-member commission unanimously rejected a proposed settlement presented by GCB, the investigatory arm of the NGC, […]
Unsolved PGA Ransomware Attack Reveals Vulnerability of Sports Data
The PGA of America, not to be confused with the PGA Tour, was hacked last week with a ransomware attack and is apparently still working to re-establish its computer files. Golfweek reported during last week’s PGA Championship that PGA employees were locked out of computer files containing marketing materials for the major […]
CG Technology Carries on after Latest (Third) Round of Gaming Violations
Southern Nevada sportsbook operator CG Technology (CGT) is expected to continue normal operations despite being hit with a third significant fine in five years from the Nevada Gaming Control Board (NGCB). In a stipulated settlement awaiting approval by the Nevada Gaming Commission (NGC) on Aug. 23, all components that make […]
New Jersey Sportsbooks Handle More Than $40M in Sports Bets in July
New Jersey sportsbooks brought in $3.8 million in gross revenue on a handle of $40.6 million in bets during July, the first full month of legal sports betting in the state. That figure is up from the $16.4 million total handle in June, even after adjusting for the fact that […]
CG Technology Fined $250,000 for Gambling Violations at Las Vegas Sportsbooks
CG Technology, which operates eight Las Vegas race and sportsbooks, has been hit with its third fine in five years. Regulators from Nevada Gaming Control Board charged the company with illegally accepting out of state bets, taking wagers after the contest was completed, and underpaying or overpaying players. As a […]