Sports Betting Archives - Legal Sports Report

New Illinois Sports Betting Option Cleared 16 Months After Applying

The Illinois sports betting market soon will have a seventh online sportsbook. The Illinois Gaming Board approved BetMGM Sportsbook for a sports betting license Thursday. BetMGM applied for the IL sports betting license way back in September 2020. BetMGM gained market access through Boyd Gaming’s Par-A-Dice Casino in East Peoria, a tethering option that opened when FanDuel […] Read More

Posted on: January 27, 2022 | | Pat Evans

Hardwood Hardship Hurts Nevada Sportsbooks In December

Nevada sportsbooks took more than $1 billion in handle for the third straight month. Yet even that volume could not salvage the month for sportsbooks. Silver State sportsbooks were shellacked by bettors in December, holding only 1.6% of the $1.014 billion bet. That translated to $16 million in sports betting revenue and nearly $1.1 million in […] Read More

Posted on: January 27, 2022 | | Matthew Waters

Mobile Arkansas Sports Betting On Hold For Legislative Review

It appears discussions around mobile sports betting in Arkansas will continue for at least another month, if not longer. The rule change was pulled off Wednesday’s Arkansas Legislative Council‘s subcommittee agenda. That came after a slight change in language to the proposed rule Tuesday. “The Casino Gaming Rules were pulled from the Administrative Rules Subcommittee […] Read More

Posted on: January 27, 2022 | | Matthew Waters

Mobile Louisiana Sports Betting Set For Friday Launch

Six online platforms will be cleared for launch Friday for mobile Louisiana sports betting. Louisiana Gaming Control Board Chair Ronnie Johns told LSR he is signing six mobile LA sports betting licenses Wednesday morning. Johns said he could not disclose which operators will be in the first wave. “We are going to approve six platforms, […] Read More

Posted on: January 26, 2022 | | Pat Evans

Why Is Bally Bet Delaying NY Sports Betting Launch Until Spring?

Bally Bet has no intention of competing in NY sports betting by throwing around stacks of free cash right now. Bally’s Chairman Soo Kim told CNBC‘s Contessa Brewer the Bally Bet mobile sportsbook would not launch until April. Kim’s New York sports betting comments came from a longer interview concerning his Standard General bidding to […] Read More

Posted on: January 26, 2022 | | Matthew Waters

Some Ohio Sports Betting Rules Available For Public Comment

The long march to legal sports betting in Ohio continues with two batches of proposed rules available for public comment. The Casino Control Commission uploaded its second batch of proposed rules Monday. Those rules concern licensing for mobile and retail sportsbooks, general betting provisions and equipment. The release followed the first batch from last week, […] Read More

Posted on: January 26, 2022 | | Matthew Waters

New Proposed Timeline For Arizona Sports Betting Lawsuit

The parties involved in a lawsuit to stop Arizona sports betting are still working toward a settlement. The Yavapai-Prescott Indian Tribe and Gov. Doug Ducey and Arizona Department of Gaming Director Ted Vogt filed a joint status report with the Maricopa County Superior Court last week. It is the first update since the court granted the case […] Read More

Posted on: January 26, 2022 | | Pat Evans

New York Hedge Fund Makes $2 Billion Bid To Take Bally’s Private

Standard General, the hedge fund founded by Bally's chairman Soo Kim, aims to acquire the remaining 80% of Bally's it does not already own. Read More

Posted on: January 26, 2022 | | Brad Allen

Books Hold More Arizona Sports Betting Revenue In November

While Arizona sports betting handle slid a bit in its third month, sportsbook revenue increased. In November 2021, Arizona sportsbooks handled $466.7 million in bets, according to a report from the Arizona Department of Gaming. The figure comes after a $291.2 million handle in its debut month of September and $486.1 million in October. “Arizona […] Read More

Posted on: January 26, 2022 | | Pat Evans