Regulation for Daily Fantasy Sports & Sports Betting Sites

The Week In Sports Betting News: The More States, The Merrier

Happy Monday, everyone. We finally have an answer to the big news from last week: voters around the country approved sports betting at every chance. Oh, right – the presidential election was significant too. The team broke down all the talk of election odds and whether those will be listed on a US sportsbook anytime […] Read More

Posted on: November 9, 2020 | | Matthew Waters

DraftKings Refutes Report NJ Sports Betting Whale Had Proxy Deal

DraftKings pushed back Friday on a report suggesting one of its VIP customers enjoyed a side deal to let him bet from outside New Jersey. A spokesperson for DraftKings told LSR that sportsbook director Johnny Avello did not have an arrangement with a customer claiming the company locked his account with a potentially winning $3 […] Read More

Posted on: November 6, 2020 | | Adam Candee

Single-Game Canada Sports Betting Back On Federal Agenda

Supporters of single-game sports betting in Canada hope the third time is the charm to strike down the country’s federal ban. Canada’s current laws only allow betting on parlays of two or more events. That accounts for about C$500 million in annual handle, according to the Canadian Gaming Association. That’s a far cry from the […] Read More

Posted on: November 6, 2020 | | Matthew Waters

There Are 25 Virginia Sports Betting Applicants But Lottery Won’t Say Who

The state lottery’s application process concerning who will operate Virginia sports betting appears more secretive than necessary. The Virginia Lottery confirmed 25 sports betting operators applied between Oct. 15 and Halloween. Who they are, however, sounds like it will remain a secret until the winners are chosen. “The names of specific applicants will not be […] Read More

Posted on: November 4, 2020 | | Matthew Waters

Election Deals Setback To Ohio Sports Betting Legalization Effort

Early results out of Ohio suggest three key sports betting sponsors will not be back in 2021, throwing existing legislation into question. Read More

Posted on: November 4, 2020 | | Brad Allen

Why Sportsbooks Might Not Like New Ohio Sports Betting Bill Draft

If sports betting in Ohio is legalized this year, it may not be as robust of a market as expected after the draft bill reduced the number of licenses. The latest draft of HB 194 cuts the number of OH sports betting licenses to two for each casino and racino operator in the state. That’s […] Read More

Posted on: November 2, 2020 | | Matthew Waters

The Week In Sports Betting News: TN Sports Betting Launches

Happy Monday, everyone. Sports betting was in the news for multiple reasons over the weekend, including a long-awaited new market launch. The launch of sports betting in Tennessee took nearly a year and a half but the state is finally live with the country’s first mobile-only market. The LSR Podcast crew discussed the launch and […] Read More

Posted on: November 2, 2020 | | Matthew Waters

How Will TN Sports Betting Market Handle Minimum Hold Rule?

Will sportsbooks be forced to increase vig on main market and reduce limits, or are there other ways to hit minimum hold rates? Read More

Posted on: October 31, 2020 | | Brad Allen

FanDuel Sportsbook Expands IL Sports Betting Presence With Fairmount

A long-rumored partnership involving FanDuel Sportsbook and a track with a prime retail location in Illinois is finally moving forward. The Illinois Gaming Board found Fairmount Park near St. Louis preliminarily suitable for a gaming license and granted a master sports wagering license. It sounds like the track will go by a new name to […] Read More

Posted on: October 29, 2020 | | Matthew Waters

South Dakota Sports Betting Ballot Question: What You Should Know Before You Vote

Three states, including South Dakota, will decide whether or not to allow sports betting this election. None of the votes in Louisiana, Maryland or South Dakota will lead to sports betting launching in the near future, however. The votes in all three states are simple yes or no votes that will require further action from […] Read More

Posted on: October 29, 2020 | | Matthew Waters