News - Legal Sports Report

Arizona Sports Betting Access Filling Up Fast After TwinSpires Deal

TwinSpires is the latest sportsbook to find a partner for Arizona sports betting. On Friday, the company announced its partnership with the Tonto Apache Tribe, which owns and operates the Mazatzal Hotel & Casino, approximately an hour and a half northeast of Phoenix. The partnership includes online and retail sportsbook access to Arizona sports betting for […] Read More

Posted on: July 30, 2021 | | Pat Evans

Can Retail DC Sports Betting Kiosks Help Struggling GambetDC?

Despite all its advantages, GambetDC has made itself the underdog in DC sports betting for nearly a year. The DC Lottery hopes that changes with the rollout of retail betting kiosks to four bars. Those kiosks went live Friday night and are the beginning of the rollout process, according to the Office of Lottery and […] Read More

Posted on: July 30, 2021 | | Matthew Waters

Washington Sports Betting On Track For Fall Launch As New Rules Approved

The approved WA sports betting rules were largely unchanged apart from a $20,000 drop in the cost of a 'major vendor license'. Read More

Posted on: July 30, 2021 | | Brad Allen

PointsBet Looks To More Than Double Cash On Hand As US Race Stays Hot

PointsBet announced a $300 million (A$400 million) capital raise to continue its North American expansion during its fourth-quarter conference call Wednesday evening. During the call, PointsBet CEO Sam Swanell laid out positives from the Australian company’s 2021 fiscal year. The company’s net revenue growth was 159%, up to $143.2 million, but expenses left the company with an […] Read More

Posted on: July 29, 2021 | | Pat Evans

Nevada Sports Betting Market Rises In Line With Increased Tourism

Despite a slow sports betting calendar, Nevada sports betting saw gains in both handle and revenue for June. Nevada sportsbooks took $544.8 million in bets during June, up 14.2% from May‘s $477.2 million. Sports betting revenue grew 8% to $29.2 million for the month for a 5.36% hold. Operators paid nearly $2 million in taxes to […] Read More

Posted on: July 29, 2021 | | Matthew Waters

Opinion: How NCAA Concession On NIL Rules Could Affect US Sports Betting Industry

The college sports world has undergone as much change in the last month as just about any period in recent memory, including new rules affecting name, image, and likeness (NIL.) It began with the Supreme Court‘s Alston decision that found NCAA restrictions on academic-related aid to violate federal antitrust laws and continued through July 1 when […] Read More

Posted on: July 29, 2021 | | John Holden

Does DraftKings DFS Deal With Boston Red Sox Set Up MA Sports Betting Partnership?

It sounds like the Boston Red Sox are ready for a DraftKings Sportsbook at Fenway Park – if MA sports betting law allows it, of course. DraftKings announced it is now the official daily fantasy sports provider of the team. The agreement includes additional signage throughout Fenway, joining the banner already atop the Green Monster. […] Read More

Posted on: July 28, 2021 | | Matthew Waters

Colorado Sports Betting Revenue Up Despite Summer Handle Slowdown

Early playoff exits for local teams might have hurt handle but Colorado sports betting saw revenue jump in June. Sports betting revenue totaled $19.7 million, up 30.4% from May’s $15.1 million. Meanwhile, handle dropped 7.7% month-over-month to $229.8 million in June, according to the monthly state report. Promotional spending for Colorado sportsbooks fell a bit […] Read More

Posted on: July 27, 2021 | | Matthew Waters