It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad). Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top U.S. sports betting stories, highlighting some fresh news, and rounding up key stories.
Top stories around our network this week
The happenings this week may not end up being a bellwether for the sports betting industry, but it sure feels like there is a shift in enthusiasm in our sphere of the world. Maybe that will all change when the next state opens up and the euphoria will be extended, but the realities and repercussions of the sports betting business aren’t going away.
A big week for Churchill Downs
Still work to do…
… and much to learn
Least shocking news of the week
Come together, right now
You win some, you lose some
Dispatches from fantasy land
New Hampshire joins $1 billion club
New Hampshire has become the 15th state to surpass $1 billion in all-time sports wagering handle in the post-PASPA era, with the state lottery reporting a record $99.5 million in wagers for January.
The Granite State reached the milestone in just more than 25 months of wagering, having taken its first bets shortly before the start of 2020. It also set an all-time monthly record for operator revenue in January, as the DraftKings-powered sportsbook claimed more than $8 million to open 2022. Overall, New Hampshire is just shy of $1.1 billion handle, with DraftKings claiming nearly $74.9 million in revenue and the state receiving close to $35 million in tax receipts.
— Chris Altruda
Baffert denied stay of suspension
Four days after the Kentucky Horse Racing Commission disqualified Medina Spirit and suspended Bob Baffert for 90 days for a positive drug test for the corticosteroid betamethasone, a request from the trainer to stay the suspension was denied Friday, according to the Louisville Courier Journal.
KHRC Executive Director Marc Guilfoil, according to the Courier Journal report, denied the request because he could not find “good cause” to delay the suspension, which is set to begin March 8.
According to one of Baffert’s attorneys, a pursuit of a remedy in court could be the next step.
“We will appeal and file a motion with the court if necessary,” Baffert’s attorney, Craig Robertson, told the Courier Journal. “The KHRC denial of the request for a stay is unprecedented in my experience. Stays are routinely granted pending an appeal. This is because it is manifestly unfair to force a trainer to serve a suspension now when the penalty imposing that suspension is subject to being reversed.”
More of the most important, interesting stories
LEGALIZE IT: Majority of California voters support legalizing sports betting [Los Angeles Times]
PROGRESS: Oklahoma sports betting bill advances out of House committee [FOX23]
ALASKA HEATS UP: Alaska bill seeks to legalize mobile gaming [Law360]
KEEP YOUR HEAD UP: A note to DraftKings CEO Jason Robbins [GGB News]
STEP BACK: Sports wagering still restricted to Deadwood, as SD kills ballot proposal [Argus Leader]
$20 ➡️ $12,821.63 😱
We had a CO player hit BIG last night on a 10-leg favorites-only CBB parlay 🤑
The legs: Utah St. -12, Fresno St. -7.5, Northwestern -11.5, Toledo -13, Tennessee -10.5, Monmouth -6.5, St. Bonaventure -9, Iowa -6, Akron -7.5, Kent St. -8.5 pic.twitter.com/L7GS50XY0c
— WynnBET (@WynnBET) February 23, 2022
ATTENTION TO DETAIL: Sports betting brings more attention to NBA stat corrections [ESPN]
CALL FOR HELP: Michigan gambling helpline calls tripled in 2021 [Newsweek]
LONE STAR CASH: Las Vegas Sands launches $2 million PAC to legalize casinos in Texas [Texas Tribune]
PARTNERS: Buffalo Sabres, FanDuel reach partnership deal [PR Newswire]