News

Louisiana Sports Betting Bills Squeak Through On Last Day Of Session

The second bill needed to enact Louisiana sports betting passed the Senate on Thursday, passing on the last day of the legislative session. Senators passed the main Louisiana sports betting regulatory bill, SB 247. Following a conference committee, the Senate also passed SB 142, which appropriates revenue from sports betting. The bills now head to Gov. […] Read More

Posted on: June 10, 2021 | | Pat Evans

South Dakota Sports Betting Rules Push Forward

South Dakota sports betting took another important step this week. The Legislative Rules Review Committee gave its OK to the Commission on Gaming’s proposed rules for sports betting in South Dakota. The Commission on Gaming will hold a public hearing to adopt additional sports wagering rules on July 14. The rules are specifically for SD […] Read More

Posted on: June 9, 2021 | | Pat Evans

Wyoming Sports Betting On Track For September Launch With Rules Move

A draft of Wyoming sports betting rules advanced to public comment on Tuesday. The Wyoming Gaming Commission rolled through its fifth draft of sports betting rules with relatively little discussion and approved the rules for submission to Gov. Mark Gordon. The draft then enters a 45-day public comment period before the commission addresses any other […] Read More

Posted on: June 9, 2021 | | Pat Evans

Illinois Sports Betting Latest Market To Report April Slowdown

It’s nearly mid-June, which means one thing: Illinois sports betting results from April are finally available. While Illinois has been one of the hottest markets in 2021, it could not escape the April slowdown caused by March Madness betting the prior month. Total handle was $537.2 million, down 15.2% from March’s all-time high. Sports betting […] Read More

Posted on: June 9, 2021 | | Matthew Waters

Wall Street Bets: Which Financial Giant Bought Into US-Facing Sportsbook?

Financial trading giant Susquehanna has acquired a minority stake in London-based sports betting company Smarkets. The parties did not share financial details of the deal. The investment marks the Series B round of funding for Smarkets. Where will Susquehanna cash go? Smarkets said it would use the cash to accelerate the rollout of its SBK […] Read More

Posted on: June 9, 2021 | | Brad Allen

Louisiana Sports Betting Bill Down To Final Chances

Louisiana sports betting legislation is in a race for passage before the end of the session. While Gov. John Bel Edwards already signed HB 697, two other pieces of LA sports betting legislation are still in progress. The session ends Thursday. The main regulatory bill, SB 247, saw House amendments rejected by the Senate on […] Read More

Posted on: June 8, 2021 | | Pat Evans

New TN Sports Betting Regulators Outline Next Steps

The new TN sports betting regulators have plenty to keep themselves busy until power is formally shifted on Jan. 1, 2022. The nine-member Sports Wagering Advisory Council gained some power late last month after Gov. Bill Lee signed a bill transferring authority. The SWAC now has the duty to promulgate rules, which needs to be done […] Read More

Posted on: June 8, 2021 | | Matthew Waters

DraftKings Stock Surge Drove Hundreds Of Millions In Executive Compensation

DraftKings exec's heavy compensation could hinder the company's ’ performance going forward, Morgan Stanley warned in a note this week. Read More

Posted on: June 8, 2021 | | Brad Allen

Mark Miami Beach Mayor A No On Compact To Bring Sports Betting To Florida

There is at least one prominent Florida man opposed to the deal to bring legal sports betting to the state. As potential fans of Florida sports betting hold their breath waiting for the Department of the Interior to review the compact, Miami Beach mayor Dan Gelber is not excited about the potential expansion of gambling in […] Read More

Posted on: June 7, 2021 | | John Holden

NY Sports Betting Regulator Answers More Questions As RFP Approaches

The New York State Gaming Commission answered more mobile NY sports betting questions as companies prepare for the upcoming RFP. The official details for the RFP will be published no later than July 1, though they could be released sooner. Platform providers and operators then will submit bids to become one of the minimum two […] Read More

Posted on: June 7, 2021 | | Matthew Waters