A 2018 FBI raid uncovered a solar-energy Ponzi scheme that would ultimately defraud investors for nearly $1 billion, and red flag an entire NASCAR Xfinity team. As race fans gear up for Sunday’s Daytona 500, it’s hard to believe that just one year ago, DC Solar’s collapse was wreaking havoc […]
A slew of sports betting bills are making their way through state legislatures across the country, as more states look to regulate sports wagering as a way to generate revenue. While not all of these bills seem poised for passage this year, the number of sports betting laws under consideration […]
After a narrow victory at the first primary in New Hampshire, Bernie Sanders is 3/2 odds to secure the Democrat nomination for US President. Senator Sanders holds a slim edge over former New York City mayor and Republican-turned-Democrat, Michael Bloomberg. Deep-pocketed Bloomberg is currently 2/1 odds to win the Democrat […]
CBS Sports and bookmaker William Hill announced a partnership on Tuesday, making the oddsmaker the official sportsbook and wagering data provider for the network. William Hill gains the exclusive rights to promote its sportsbook brand on CBS Sports’ digital platforms, beginning with March Madness. William Hill Targets Huge CBS Audience […]
The Maine House of Representatives failed to override a veto of its sports betting bill today, but a possible error, made last week by Maine’s Senate, nearly legalized sports betting by mistake. Although a majority of Maine’s House voted to overturn the Governor’s sports betting bill veto by 87-57, it […]
Washington Redskins owner Dan Snyder has proposed plans to lawmakers in both Maryland and Virginia that would see the team build a new stadium in one of those states, provided it would also receive a sports betting license. Currently, neither Virginia nor Maryland offers regulated sports betting within their borders. […]
It appears likely that DFS operators will continue to operate in New York for now, but their long-term future is uncertain after a state appeals court struck down most of a law that allowed fantasy sports in the state. In the case White vs. Cuomo, the appeals court upheld a […]
Penn National Gaming and NASCAR announced a multi-year partnership deal on Friday. This is the second sports-related deal for the regional casino operator this year, after taking a stake in Barstool Sports just last month. Penn National Gaming has been a sponsor of a NASCAR Cup Series race, the Hollywood […]
Rob Gorodetsky admitted to defrauding a victim of $9.6 million over four years in federal court on Wednesday, pleading guilty to one count of wire fraud and one count of filing a false tax return. Gorodetsky was once one of the best-known celebrity sports bettors in the world, having been […]
On Thursday, Maine senators voted 20-10, reaching the required two-thirds threshold, to override Governor Janet Mills’ veto of a bill that would legalize sports betting. Maine’s House of Representatives could vote on the issue as early as Tuesday. The bill initially passed last June, however, Governor Mills, however, chose not […]
An appeals court in New York overturned most of a 2016 law that made fantasy sports games expressly legal in the state — a ruling that could threaten the ability for companies like DraftKings and FanDuel to operate there. The New York Supreme Court’s Appellate Division determined that not only […]
Audio streaming company Spotify Technology announced on Wednesday that it agreed to buy the sports media outlet, The Ringer. And while much of the recent sports media acquisition frenzy is tied to the spread of legal sports betting, this latest deal may be motivated more by fit. The details of […]
Pete Rose remains on Major League Baseball’s ineligible list more than 30 years after being banned for gambling on baseball while he was the manager of the Cincinnati Reds. Now, Rose is asking to have that ban overturned, saying his punishment is disproportionate when compared to the discipline handed out […]
“The house always wins.” As gamblers, how many times have we heard this? Sure, it’s true … most gamblers don’t beat the house in the long run. But sometimes the public wins, which means the house loses. Occasionally, the lamb slaughters the wolf. That’s exactly what happened in New Jersey’s […]
This year’s Super Bowl television ratings were higher than last year’s, generating the first year-over-year increase in five years. Helped by increased sports betting, a close game, and a popular half-time show, the average number of viewers edged up 1.7 percent over last year. But given the favorable conditions, an […]
One of the unique Super Bowl wagers offered at the Westgate Las Vegas SuperBook is “Who Will Have More?†The concept is simple: take a sport that isn’t football, and then make a proposition bet between that and something that will happen in the Super Bowl. For example, “Who Will […]
Unibet continued strengthening its ties to the chess world, announcing Thursday that it had partnered with World Chess Champion Magnus Carlsen on a two-year sponsorship deal. The agreement makes the Kindred Group – parent company of Unibet – Carlsen’s primary sponsor for the next two years. Carlsen will act as […]
Penn National Gaming became the latest gambling operator to get into the sports media business, announcing Wednesday that it was purchasing a 36 percent interest in Barstool Sports. Penn National paid $135 million in cash and $28 million in stock to close the deal, bringing the total purchase price to […]
Want your thoroughbred to earn an invitation to the world’s richest horse race? Mucho Gusto found the key. Just win a $3 million race, like he did last Saturday at the Pegasus World Cup Invitational at Gulfstream Park, and the invitation will follow. After capturing last Saturday’s race by five […]
New Jersey legislators are considering a bill that would allow sportsbooks in the state to offer esports betting on gaming competitions with relatively few restrictions. Lawmakers introduced a bill to the New Jersey Assembly on Monday that would codify esports contests as being among the approved betting events in the […]
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