Sports Betting Archives - Legal Sports Report

Baseball Tops August Colorado Sports Betting As Promos Inch Back

Baseball betting stayed hot in August as Colorado sportsbooks started their upward climb into the busier sports season. Colorado sportsbooks reported $211.9 million in August wagers, according to a monthly state report. That figure is a 16.8% jump from July‘s handle of $181.3 million. While handle is back on the upswing, revenue dropped approximately 3% […] Read More

Posted on: September 28, 2021 | | Pat Evans

Scientific Games Sells Sports Betting Business To Endeavor For $1.2 Billion

Endeavor, the parent company of data supplier IMG Arena, is buying the Scientific Games sports betting business for $1.2 billion. Scientific Games announced in June it would divest its OpenBet sports betting business and its lottery business to focus on its core gaming business. Options included a potential IPO or SPAC transaction, along with a straight […] Read More

Posted on: September 28, 2021 | | Matthew Waters

Analyzing Latest Filing In Florida Sports Betting Compact Litigation

We knew that this motion was coming in the Florida sports betting litigation saga. That’s thanks to an agreed-upon timeline that West Flagler Associates and the Department of Interior agreed to earlier this month. But as expected, the South Florida-based operators of Magic City Casino and Bonita Springs Poker Room, filed their motion for summary […] Read More

Posted on: September 27, 2021 | | John Holden

Analysis: Why DraftKings $22 Billion Bid for Entain Doesn’t Add Up

Does DraftKings hurt it valuation with the acquisition? Do Entain shareholders want to own a combined business. Will MGM give its consent? LSR tries to answer these questions and more. Read More

Posted on: September 27, 2021 | | Brad Allen

The Week In Sports Betting News: Waiting On Launch In Connecticut

Happy Monday, everyone. There could be some exciting sports betting news coming this week as another state approaches its first legal bet. Connecticut is one of many states in a rollout phase this football season. Maryland and Louisiana continue to move toward launches while Arizona is still trying to get all of its operators live. […] Read More

Posted on: September 27, 2021 | | Matthew Waters

NHL Says Evander Kane Did Not Bet On His Games, But There’s More

An NHL investigation found that match-fixing allegations made Evander Kane's wife on Instagram were baseless. Read More

Posted on: September 24, 2021 | | Brad Allen

CT Sports Betting Inches Closer With Second Compact Ready For Publication

One of the last crucial steps before the launch of online CT sports betting should be completed by Monday morning. That is the publication of the amended compact between the state of Connecticut and the Mashantucket Pequot Indians in the Federal Register. The compact was uploaded to the Public Inspection part of the Federal Register […] Read More

Posted on: September 24, 2021 | | Matthew Waters

Opinion: What’s Up With This Guy Suing FIFA In New York?

Las month, a somewhat bizarre lawsuit was filed in the Southern District of New York by Samson Siasia as plaintiff, suing the world’s soccer governing body, FIFA. A follower of FIFA might recall that some former FIFA officials are well acquainted with a District Court of New York. However, the infamous indictments of FIFA officials […] Read More

Posted on: September 24, 2021 | | John Holden

Station Casinos Faces Discipline In Nevada Over Illegal Sports Bets

Station Casinos could see disciplinary action by the Nevada Gaming Commission for taking alleged illicit bets. The Nevada Gaming Control Board filed a complaint September 13 against Station Casinos and Red Rock Casino Resort for taking up to 348 sports bets after the results of the events were known. The alleged violations occurred across a […] Read More

Posted on: September 23, 2021 | | Pat Evans

Ohio Sports Betting Bill Appears Headed To Conference Committee

Ohio sports betting is back in the legislative mindset after the Senate called for a conference committee to settle differences. What those differences are at this point is unclear. The House has not offered sports betting legislation of its own this year, as the Senate spent months crafting its own proposal. The original vehicle for […] Read More

Posted on: September 23, 2021 | | Matthew Waters