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 […]
Gambling Industry
Vegas Septuagenarians Indicted in Multimillion-Dollar Sports Betting Ponzi Scheme
In a case of Last Vegas meets Going in Style with a more sinister twist, a pair of Las Vegas seniors were arrested Friday for allegedly helming a Ponzi scheme that defrauded more than 600 investors from 40 states of almost $30 million over a decade. Las Vegas residents Thomas […]
Time Will Tell if Tennessee’s Unique Sports Betting Laws Become a Template or a Cautionary Tale
Tennessee sportsbooks took their first wagers on Sunday and, while some analysts predict they will do astronomical numbers, the state’s unique approach to regulation could deter both operators and bettors — at least in the early going. “Tennessee is the first state in the nation to do online interactive and […]
NFL Week 8 Betting Recap: Winds of Change Fail Under Bettors
One of the most overrated factors the public uses when determining wagers is the weather, and that was proven again in NFL Week 8 betting. There were five games that saw the over/under drop four or more points after weather reports of heavy wind were forecast. Bettors started to hammer […]
BetMGM Shines Amidst Parent Company’s Sagging Revenues and Thousands of LayoffsÂ
Even after aggressively purging its payroll, MGM Resorts lost more than a half-billion dollars in the third quarter of 2020. A singular bright spot was the company’s online sports betting arm, BetMGM, CEO Bill Hornbuckle said Thursday during the company’s quarterly earnings call. New Jersey-based BetMGM, a joint venture with GVC […]
Sports Betting on the Ballot in Three States, DraftKings and FanDuel Lead the Charge
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 […]
BetMGM Joining the Fray in Pennsylvania, Sports Handle Sets Records in 2020
BetMGM was unanimously cleared by the Pennsylvania State Gaming Control Board on Wednesday to begin offering sports betting in the Keystone State, if it can clear a final hurdle and find a land-based casino with whom to partner. A Step Closer Owned by MGM Resorts and GVC Holdings, BetMGM first […]
Breeders’ Cup Speed Figures: Who Answers Europe in Juvenile Turf?
When looking at speed figures for the Breeders’ Cup Juvenile Turf, understand that European horses traditionally dominate this event. They certainly dominate this year’s Juvenile Turf field, comprising half of the 14 horses drawn into the main field. That means speed figures for European horses are not as available. So […]
William Hill Makes Jackie’s Warrior 2021 Kentucky Derby Futures Favorite
William Hill Nevada opened the first domestic futures pool for the 2021 Kentucky Derby, installing Jackie’s Warrior as the top choice among the 115 2-year-olds listed on its futures board. The Breeders’ Cup Juvenile favorite, Jackie’s Warrior opened at 15/1. He’s currently 14/1 at Bovada, which opened the Steve Asmussen-trainee […]
Sports Betting Kicks Off This Weekend in Tennessee, Operators to Take 10% of Winnings
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 […]
Breeders’ Cup Rolls Out Lucrative Wagering Menu, Race Schedule
Along with announcing its race schedule, the Breeders’ Cup World Championships announced a wagering smorgasbord for horseplayers consisting of seven multi-race pools offering a combined $8 million in guaranteed money. The two-day Breeders’ Cup is Nov. 6-7 at Keeneland. Even running spectator-free due to the COVID-19 pandemic, it provides bettors […]
Las Vegas Sands in Talks to Sell Strip Properties for $6 Billion
Las Vegas Sands is considering selling its casino properties on the vaunted Las Vegas Strip. According to sources, Sheldon Adelson’s company is in talks to sell the Venetian, the Palazzo, and its convention center. Once Adelson’s crown jewels, the Venetian and Palazzo casinos are now but a small piece of […]
BetMGM Signals Shift to Content and Social with Key ESPN Hire
In a move that portends an emergence as a content and social media juggernaut, BetMGM Tuesday hired Ryan Spoon, ESPN’s senior vice president of digital and social content. Spoon will depart ESPN’s Bristol headquarters to step in as chief operating officer at BetMGM, the New Jersey-based sports gambling venture owned […]
Circa Sportsbook Grand Opening: See Las Vegas’ New High-Tech Betting Palace
Circa Sportsbook opened Wednesday with the goal of being the biggest facility in the world, and owner Derek Stevens certainly believes he has accomplished that objective. The avid sports bettor has reinvented downtown Las Vegas with his new facility. The Circa Sportsbook spans three stories and has a 78-million pixel […]
Merneith, Another Baffert Charge, Tests Positive for Banned Substance
The California Horse Racing Board revealed that another one of Hall of Fame trainer Bob Baffert’s charges, Merneith, tested positive for a banned substance. Merneith tested positive for dextromethorphan, a common ingredient found in human cough syrups. The test came after Merneith finished second in the fourth race at Del […]
Complete List of World Series Winners and Champions Since 1903
The World Series began in 1903 and we’ve compiled a complete list of winners who claimed the Major League Baseball championship. The Los Angeles Dodgers won the 2020 World Series to secure the franchise’s seventh title. This year marks the Dodgers’ 21st trip to the World Series with their last […]
Keeneland Wraps Fall Meet with Modest Handle Decline
With the Breeders’ Cup looming in two weeks as Keeneland’s worldwide close-up, the Lexington, KY, track ended its Fall Meet Saturday with a modest 7.5% drop in all-sources handle from 2019. Due to the COVID-19 pandemic, Keeneland ran its 17-day Fall Meet without spectators. Yet the track recorded $148,229,708 in […]
Baffert Team Disputes Gamine’s Failed Kentucky Oaks Drug Test
After news broke late Thursday that a Kentucky Oaks horse tested positive for a Class C medical violation, Hall of Fame trainer Bob Baffert confirmed in a statement that his star filly, Gamine, was the culprit. The New York Times, citing two sources, reported Thursday evening that Gamine tested positive […]
Hendon Hooker, Chuba Hubbard Look to Have Big Days in College Football DFS
The continued offensive firepower of the Big 12, combined with a plethora of bad defense, means we can spread our college football DFS love all around this week. In fact, an ACC quarterback could be the slate breaker, and an SEC game may be the most stackable. These are the […]
Del Mar Lowers its Pick Six Minimum to 50 Cents For Upcoming Fall Meet
Following their summer lead with other wagers, Del Mar plans on lowering its Pick Six from $2 to 50 cents when the seaside, San Diego-area track opens its fall meet on Oct. 31. This comes after Del Mar lowered its Pick 4 and Pick 5 to 50 cents for its […]