The Supreme Court is back in session. With America’s highest court live-streaming oral arguments for the first time ever, the public is hearing the nine justices ask questions of historic import. For bettors, it’s the first time they get to hear from the protagonists in one of the quirkier wagers […]
Gambling Industry
SEC Filing Reveals NFL, NBA Owners Among Major Investors in DraftKings
Some major league team owners bought shares in the sports betting company DraftKings prior to its April 24 public offering. James Dolan, Robert Kraft, Hal Steinbrenner, and Jerry Jones all held shares either directly or through affiliated companies, according to a document filed with the Securities and Exchange Commission that became […]
ESPN Reportedly Looking for New Monday Night Football Announcers
Changes are apparently coming in the broadcast booth at Monday Night Football, where announcers Joe Tessitore and Booger McFarland are not expected to return. Though ESPN has not confirmed the report, several stories over the weekend had the duo being replaced. Rumors about the future of the Monday Night Football […]
Minnesota Race Fans Can’t Attend, Can’t Bet on State Races
Minnesota horse racing fans find themselves in the strange place of not being able to bet on races at state tracks after a bill provision allowing advance deposit wagering (ADW) for in-state races failed in the state legislature. The amendment allowing in-state ADW came out of a bill just as […]
After Near Reversal, French Racing Resumes on Monday
Overcoming a late-arriving challenge from entities inside the French government, horse racing will resume as planned in France Monday, according to an announcement by France Galop. Edouard de Rothschild, the president of the French governing body for racing, tweeted early Saturday morning that French President Emmanuel Macron signed off on […]
After Three Races, Charlatan’s Breeding Rights Sold to Kentucky Farm
He has all of three races and one stakes victory under his tack. And now, Charlatan has a new home once his racing career is finished. Hill ‘n’ Dale Farm in Lexington, KY. announced it bought Charlatan’s breeding rights for an undisclosed amount. The announcement came less than a week […]
The Jockey Club Introduces New Limit on Stallion Breeding
In a significant effort to reduce overbreeding among thoroughbred horses, The Jockey Club implemented a new rule limiting stallions to covering (or mating with) 140 broodmares per year. The new rule, which The Jockey Club said is “to preserve the health of the Thoroughbred breed for the long term…†goes […]
South Point, William Hill Opening Drive-Through Sports Betting Signup Stations Ahead of UFC 249
With the biggest sports betting event since the COVID-19 shutdown began in March on the horizon this weekend, both William Hill and the South Point Hotel Casino are offering drive-through sports betting stations in the hopes of signing up new Nevada bettors. South Point announced earlier this week that it […]
Famed Gambler Billy Walters Released from Prison, Begins Home Confinement
Famed sports gambler Billy Walters was released from federal prison over the weekend to complete the remainder of his five-year prison sentence at his Carlsbad, California, home. Walters was convicted in 2017 on 10 counts of conspiracy, securities fraud, and wire fraud related to insider stock trading. The case also […]
How the USWNT Equal Pay Lawsuit Derailed, Settlement Still Possible
A federal judge dismissed the equal pay portion of the US women’s national soccer team’s (USWNT) lawsuit. Although some working conditions claims against the US Soccer Federation (USSF) can proceed, Friday’s decision puts more pressure on the USWNT to settle out of court. The USWNT is strong and strident. The […]
Private Equity Fund to Buy Minority Stakes in Professional Sports
Arctos Sports Partners, a new private equity firm, is looking to buy minority stakes in US major league sports teams and European soccer clubs. Private equity firms often buy troubled assets and — in the coronavirus era — sports franchises now fit that model. But high franchise valuations may be […]
Nevada Gaming Issues Guidelines for Sportsbooks When Casinos Reopen
Guidelines released by the Nevada Gaming Control Board on Friday require casinos to prevent customers from congregating in groups in race and sportsbooks after the facilities reopen. Casinos Must Implement Social Distancing Those rules, which also apply to bingo halls and keno lounges, state that casinos must develop social distancing […]
Legislative Roundup: Colorado Sports Betting Launches Without Much to Wager On
Colorado sports betting went live for the first time on Friday morning, though the current state of the world meant that there was little for gamblers to wager on. The first four authorized internet operators were allowed to begin taking bets at 10 am Mountain Time on May 1, after […]
Kentucky, New York Officials Cautiously Plan Return to Live Racing
Government officials in two of the country’s biggest horse racing states, Kentucky and New York, opened the doors for live, spectator-free racing to begin amid the COVID-19 pandemic. The announcements came separately and, in both cases, contained few details on exactly when live racing would begin again. But in the […]
DraftKings’ Online Casino Goes Live in Pennsylvania on Friday
DraftKings will launch an online casino in Pennsylvania on Friday after completing a soft launch held on Wednesday and Thursday. DraftKings Continues Gambling Expansion Efforts The company, known more for DFS and sports betting, has expanded into the online casino market, having launched an online casino in New Jersey in […]
Nevada Sports Betting Handle Plummets 76 Percent in March During COVID-19 Pandemic
The Nevada Gaming Control Board (NGCB) reported Wednesday that the state’s sportsbooks took in a handle of just $141.2 million in March, down about 76% from March 2019. The Nevada sports betting industry took a dramatic hit due to the coronavirus pandemic, which began impacting leagues, tournaments, and other competitions […]
Baffert, O’Neill Lead Protest for California Racing at LA County Board
Bob Baffert and Doug O’Neill built a rivalry among the Santa Anita Park training colony, fueled by the fact that they’ve trained a combined four Kentucky Derby winners since 2012. But the two training mainstays put aside their rivalry on Tuesday to lead a demonstration outside the Los Angeles County […]
Fasig-Tipton Combines Three Major Horse Auctions Into One Showcase
Recognizing a sagging market for yearlings amid the coronavirus pandemic, renowned thoroughbred auction house Fasig-Tipton announced plans to consolidate three yearling sales into one. The company merged the Saratoga and New York Bred sales scheduled for July into the 2020 Selected Yearlings Showcase, scheduled for Sept. 9-10 at its Lexington, […]
DraftKings Settles Class Action Lawsuit Over 2019 Sports Betting National Championship
DraftKings has agreed to a $102,000 settlement to end a class-action lawsuit over its handling of the 2019 Sports Betting National Championship, a weekend-long tournament in New Jersey which left many contestants frustrated. Bettor Christopher Leong filed the lawsuit soon after the January 2019 event on behalf of nearly 200 […]
Storm the Court Ready to Conquer New Turf in Arkansas Derby
Juvenile champion Storm the Court will storm a non-California track for the first time at next week’s $750,000 Grade 1 Arkansas Derby, trainer Peter Eurton announced this week. The 1 1/8-mile race at Oaklawn Park remains the only official Kentucky Derby prep currently on the schedule, which explains its popularity. […]