Articles by Michael Savio

Hard Rock Considering Allowing Industry Rivals into Florida Market
Michael SavioBy: Michael Savio

Hard Rock Considering Allowing Industry Rivals into Florida Market

Hard Rock has confirmed that it has begun talks with FanDuel and DraftKings about entering the Florida market, over which the operator currently has sole control. A partnership would involve the industry leaders paying Hard Rock a monthly percentage.
10/10/2024
Sports Betting
Maine Sets Record With Impressive September Handle
Michael SavioBy: Michael Savio

Maine Sets Record With Impressive September Handle

Maine is reporting a sports betting handle of $51 million for September. This impressive result is a 45% increase from August, thanks largely to the start of the football season. DraftKings led the way, accounting for $46 million of the handle.
10/10/2024
Sports Betting
DraftKings Sportsbook Becomes First Outside Operator to Enter Wisconsin
Michael SavioBy: Michael Savio

DraftKings Donates $5 Million to Support Missouri Sports Betting Ballot Initiative

DraftKings has donated another $5 million to Winning for Missouri Education, a group campaigning to get voters to legalize sports betting in November. The money will be used to generate ads and awareness ahead of the upcoming election.
10/09/2024
Sports Betting
Kentucky Revenue Numbers Exceeding Exceptions After One Year
Michael SavioBy: Michael Savio

Kentucky Revenue Numbers Exceeding Exceptions After One Year

Kentucky’s strong August sports betting revenue numbers have pushed their total handle up to $2.4 billion, far exceeding even the most liberal projections. DraftKings Sportsbook is leading the market, followed closely by FanDuel, and bet365 in a distant third.
10/04/2024
Sports Betting
Photo by Beyond My Ken, CC BY-SA 4.0
Michael SavioBy: Michael Savio

Massachusetts Sends Cease & Desist Letter to Bovada Sportsbook

Massachusetts sent a cease-and-desist letter to offshore sportsbook Bovada, demanding it shutter its platform in the state. In addition to not paying tax on the revenue generated, the state accuses the operator of misleading customers into thinking the platform is based in the US.
10/04/2024
Sports Betting
New York Makes Significant Change to Sports Betting Advertising Rules
Michael SavioBy: Michael Savio

New York Makes Significant Change to Sports Betting Advertising Rules

New York Governor Kathy Hochul has signed a new bill into law that will require warnings about addiction in all gambling-related advertising in the state. The message must talk about the dangers and possible consequences of problem gambling.
Michael SavioBy: Michael Savio

Jags Employee Fired Over Stolen Funds Sues FanDuel Sportsbook

Ex-Jags employee Amit Patel is suing FanDuel for $250 million, claiming the company exploited his gambling addiction that led to him stealing $22 million from the team. The lawsuit alleges the company flooded him with messages tempting him to continue gambling.
North Carolina Sports Betting Market Surpassing Revenue Projections
Michael SavioBy: Michael Savio

North Carolina Sports Betting Market Surpassing Revenue Projections

The North Carolina Lottery Commission reports that the state has received $61 million in tax revenue over the first six months, beating the annual projection of $36.1 million. The regulator also approved rules for retail sports betting, meaning that it could go live soon.
09/27/2024
Sports Betting
Michigan Bettor Charged After Making Fake Deposits at Caesars
Michael SavioBy: Michael Savio

Michigan Bettor Charged After Making Fake Deposits at Caesars

A Michigan bettor has been arrested after being charged with defrauding Caesars Sportsbook by exploiting a system vulnerability on their online platform. The bettor is alleged to have stolen over $500,00 after making a fake $2 million deposit.
09/27/2024
Sports Betting
Penn Entertainment to Allow ESPN Users to Link Sportsbook Accounts
Michael SavioBy: Michael Savio

ESPN Bet Becomes Ninth Active Online Sportsbook in New York

ESPN Bet was approved for an operating license and launched its online sportsbook in New York this week, giving the Empire State nine operators. New York has consistently been the country's most valuable sports betting market, making the launch a victory for ESPN.
09/27/2024
Sports Betting