As states across the country are discussing legal sports betting, there has been much ado about sportsbooks operating on thin margins, which is news to a lot of lawmakers. By most accounts, a sportsbook earns between $1-$2 in net revenue from…
The parade of change continues in the nation’s nascent sports wagering industry with today’s announcement that Scientific Games Corporation is acquiring Las Vegas-based Don Best Sports Corporation and DBS Canada Corporation for an undisclosed purchase price. The deal is expected…
A House Judiciary subcommittee hearing titled “Post-PASPA: An Examination of Sports Betting in America” proceeded on Thursday under the shadow of a more high-profile hearing in the Senate. Little new ground was covered during the one-and-a-half hour session that largely…
Nevada Representative Dina Titus (NV-1) has been on record many times reiterating her distaste for a federal framework for sports betting. After all, the state of Nevada has had legal casino-style gaming, including sports betting, since 1949. With nearly 70…
Paragon Gaming will take its “SuperBook” brand on the road, and expand beyond the company’s Westgate Las Vegas Casino & Resort, Jay Kornegay, the Westgate SuperBook’s Vice President of Race and Sports Operations told Sports Handle on Thursday. A formal announcement…
As US gambling legislation produces new sports betting states and markets for legal sports wagering, more and more prospective bettors will have the long-awaited opportunity to join one or more now-legal “cash entry” football betting contests. Such contests have a rich…
Last week the Nevada Gaming Control Board posted the following notice: “The Board recognizes the potential impact the United States Supreme Court’s decision in Murphy v. NCAA could have on Nevada’s sports wagering industry. In addition, various divisions of the…
Back in the 1800’s Horace Greely was credited with the popular phrase “Go West Young Man, Go West” when offering advice about going west to seek fortune and opportunity. If Horace Greeley were alive today and were offering advice to…
If you have read more than a few stories about sports wagering, odds are you have seen the picture above. It was taken on the night of Nov. 15, 2010 at the Mandalay Bay Race & Sports Book on the…
A new report shows that the New York sports betting market will surpass Nevada as the biggest in the U.S. and the U.S. will do more gambling business than the United Kingdom by 2023. The GamblingCompliance report, titled “U.S. Sports Betting — Sizing the Post-PASPA…
December 11, 2018 For some people located in states home to new legal sports betting markets, the post-PASPA era of wagering means business as usual. One person located…
December 4, 2018 After much debate, but with no new amendments, the District of Columbia Council voted 9-2 on Tuesday to advance its sports betting bill to a…
December 10, 2018 Missouri lawmakers seem intent on charging licensed sportsbooks some sort of royalty or other fee above and beyond taxes, application fees and other administrative costs.…
