News

Mobile Registration Helps Illinois Sports Betting To Record Handle

With in-person registration requirements gone for good, Illinois sports betting is hitting new heights. Illinois sportsbooks took $971.3 million in bets in March, according to an Illinois Gaming Board report released Monday. That bests the previous high of $867.5 million set in January. The total handle was a 43% increase compared to the $679.4 million […] Read More

Posted on: May 11, 2022 | | Pat Evans

How Much Is Circa Sports Paying For IL Sports Betting Access?

Circa Sports is expanding to the Illinois sports betting market. The Las Vegas-based sportsbook announced Monday it secured market access to IL sports betting via regional casino operator Full House. Under the deal, Circa will run a retail sportsbook at Full House’s American Place resort, which is under construction in Waukegan, Ill. They will also […] Read More

Posted on: May 10, 2022 | | Brad Allen

Regulator: Maine Sports Betting Rules Could Take Until 2024

Milton Champion is eager to get to work on Maine sports betting rules. The executive director of the Maine Gambling Control Unit even canceled his planned 10-day vacation in August, when the ME sports betting law goes into effect. Champion, however, is tempering expectations and said the rule-making process could take until 2024. “It’s our time […] Read More

Posted on: May 10, 2022 | | Pat Evans

Kansas Sports Betting Should Launch By Football Season

Kansas sports betting should launch in time to capture at least some of the upcoming football season. As Kansans wait for Gov. Laura Kelly to sign KS sports betting legislation into law, regulators are starting to think about the process to go live. Kelly was presented the bill May 6 and has 10 days to […] Read More

Posted on: May 10, 2022 | | Pat Evans

Opinion: New Official Data Rule Means NCAA Must Change Betting Tack

The NCAA recently released a new interpretation on the sale of official data to sports betting companies. In short, the NCAA decided to allow any individual, school, or conference to provide information to sports betting company suppliers, provided the information is available to the general public. After you get past the first question of who […] Read More

Posted on: May 10, 2022 | | John Holden

Can Mobile NY Sports Betting Produce $500 Million In Tax Revenue?

It was never expected that the mobile NY sports betting market would be immune to the annual spring and summer revenue slowdown. That said, April’s numbers are far from disappointing, especially from the state’s perspective. Mobile handle hit its lowest monthly mark since launching in January at $1.39 billion, but an overperforming FanDuel helped push […] Read More

Posted on: May 9, 2022 | | Matthew Waters

DraftKings Stock Continues To Slide Despite Q1 Earnings Beat

DraftKings stock continued to fall after Q1 earnings amid heavy cash burn and surprisingly high stock-based compensation. Read More

Posted on: May 9, 2022 | | Brad Allen

Ohio Sports Betting Applications Will Open Sooner Than Expected

The application period for Ohio sports betting licensees will open a bit earlier than expected, according to the Casino Control Commission. The regulator laid out a new timeline Wednesday that shows just when certain Ohio sports betting applications will be ready for submission. Unfortunately for those eagerly awaiting the market’s launch, the update did not include […] Read More

Posted on: May 9, 2022 | | Matthew Waters

Opinion: Would Federal Offshore Sportsbook Crackdown Really Help?

In a letter dated April 13, American Gaming Association (AGA) CEO and President Bill Miller sent a letter to U.S. Attorney General Merrick Garland asking the Department of Justice (DOJ) to focus its attention on illegal gaming including offshore sportsbook activity taking place “across our great nation.” The letter correctly notes that illegal gambling is […] Read More

Posted on: May 9, 2022 | | John Holden

The Week In Sports Betting News: Let’s Talk Earnings Calls

Happy Monday, everyone. This week, sports betting news should still focus largely on earnings calls, except for everyone waiting on Missouri. The LSR Podcast dove into one of last week’s biggest stories: the online California sports betting proposal turning in 1.6 million signatures. That should all but ensure the proposal will hit the ballot, along […] Read More

Posted on: May 9, 2022 | | Matthew Waters