Arizona’s Historic Milestone In a remarkable turn of events, Arizona has surpassed Nevada in monthly sports betting handle for the first time since the legalization of sports betting. The Arizona Department of Gaming’s April report reveals that the state’s total handle soared to an impressive $656.3 million, outperforming Nevada by a staggering $87.2 million. Consistent […]
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Expanding Horizons: Arizona Set to Welcome More Sports Betting Operators
New Opportunities in Arizona’s Sports Betting Arena The Arizona Department of Gaming (ADG) recently announced plans to enhance the state’s sports betting industry by welcoming additional operators. Currently, Arizona hosts 17 licensed sportsbooks, but with provisions for up to 20, there is room for growth. The focus is now on introducing at least two more […]
Ohio’s Sports Betting Sector Hits $10 Billion: A Look at Market Leaders and Future Trends
FanDuel: Pioneering Ohio’s Betting Scene In Ohio’s burgeoning sports betting market, FanDuel has taken a commanding lead, becoming the go-to platform for many bettors. Known for its extensive betting options, enticing promotions, and streamlined user interface, FanDuel continues to dominate the state’s rankings. As of April, FanDuel not only topped the charts in handle and […]
Illinois Senate Approves Progressive Tax Structure for Sports Betting
The Illinois Senate has voted in favor of a new bill that restructures the tax system for sports betting operators within the state. Passed with a vote of 37-22, the bill, known as HB 4951, introduces a progressive tax scale based on the adjusted gross revenue (AGR) of sports betting companies. This significant shift in […]
BetMGM and the Associated Press Forge Strategic Sports Odds Partnership
BetMGM has entered into a strategic partnership with the Associated Press (AP), making it the exclusive provider of sports odds for AP’s global sports reporting. This collaboration represents a significant development in the merging of sports betting and media, ensuring that AP’s sports coverage is enhanced with reliable and detailed betting odds. A New Era […]
Dave & Buster’s Faces Regulatory Backlash Over In-App Betting Feature
Dave & Buster’s, the popular restaurant-arcade chain, recently announced the introduction of a peer-to-peer betting feature within its D&B Rewards mobile application. The news quickly drew criticism and concern from state lawmakers and gaming regulators across several commercial gaming states, including Ohio, Illinois, and Nevada. Betting Feature Raises Concerns: The in-app betting function, designed to […]
Star Power Fuels Surge in Women’s Sports Betting
Interest in women’s sports betting is reaching new heights in the U.S., largely driven by basketball sensation Caitlin Clark. Since her debut with the WNBA’s Indiana Fever, Clark has significantly influenced betting patterns, especially during the NCAA women’s basketball tournament. Her presence has sparked a notable shift in how gamblers view and engage with women’s […]
Vasco da Gama Secures Record-Breaking Sponsorship with Betfair
Vasco da Gama has teamed up with Betfair in what is declared the club’s most substantial sponsorship agreement. This partnership, stretching until December 2025, coincides with Brazil’s initiation of a fully regulated sports betting environment. Although financial specifics remain undisclosed, there is potential for extending the sponsorship beyond the initial term. Both Vasco’s men’s and […]
DraftKings Stock Soars as Analysts Upgrade Price Forecasts
In a remarkable recovery from Friday’s unexpected sell-off, DraftKings (NASDAQ: DKNG) saw its stock climb significantly, thanks to a wave of analysts raising their price targets. This surge came on the heels of the company’s strong first-quarter earnings, which impressed the market and led to an optimistic reassessment of its financial trajectory. Market Optimism Fueled […]
A Record-Breaking Run: 150th Kentucky Derby Shatters Betting Records with $446 Million Wagered
As the dust settles on the 150th Kentucky Derby, records have been shattered and history rewritten at the Churchill Downs racetrack. An astounding $446 million in bets were placed during this year’s Derby week, with a crowd of 156,710 fans flocking to witness a thrilling race crowned by Mystik Dan’s remarkable victory. The Triumph of […]
