Articles by Michael Savio

College Football Gives New York’s August Handle a Massive Boost
Michael SavioBy: Michael Savio

New York Sees Record High Handle During Week of Thanksgiving

The New York Gaming Commission (NYGC) reported a handle of $592.9 million for the week of Thanksgiving, breaking the previous record of $576.1 million set just weeks ago. The week’s handle was up by more than 14% compared to last year.
12/06/2024
Sports Betting
Underdog Fantasy
Michael SavioBy: Michael Savio

Updated Underdog Fantasy Bouncing Back with Updated Platform

Underdog Fantasy has expanded its presence to 35 states after changing its controversial pick ’em games in certain markets. The games previously allowed players to bet against the house, causing regulators to view it as a form of sports betting.
12/06/2024
Sports Betting
Photo by EJ Hersom, Public domain, via Wikimedia Commons
Michael SavioBy: Michael Savio

AGA Updates Responsible Betting Campaign to Include Harassment

The American Gaming Association has updated its “bet responsibly” campaign to tackle the issue of athlete harassment, which continues to rise across the US. The AGA hopes the campaign will help protect athletes as well as avoid heavy-handed regulations.
Photo by Beyond My Ken, CC BY-SA 4.0
Michael SavioBy: Michael Savio

Massachusetts Regulator Fines FanDuel Over $11 in Improper Wagers

The Massachusetts Gaming Commission (MGC) has fined FanDuel $10,000 for accepting $11 in improper wagers involving in-state men’s college basketball teams. It is the latest example of the MGC punishing even the most minor infractions among sports betting operators.
12/05/2024
Sports Betting
Photo by Christian Mehlführer, User:Chmehl, CC BY 2.5
Michael SavioBy: Michael Savio

Bovada Sportsbook Adds Arizona to Growing Restricted Access List

Bovada placed Arizona on its restricted access list after a cease-and-desist letter, making it the seventeenth US market where the operator is banned. The move continues a trend of Bovada pulling out of markets instead of risking legal action.
12/05/2024
Sports Betting
Photo by Patrick Gillespie, CC BY-SA 4.0
Michael SavioBy: Michael Savio

Maryland Eyes Sports Betting Revenue to Address Growing Deficit

Discussions have begun about raising the tax rate on sports betting operators in Maryland as the state looks for a solution to its $2.7 billion deficit. Tax revenue from the industry goes towards the state’s education system, which is also driving the deficit.
11/29/2024
Sports Betting
Photo by DPPed, CC BY-SA 3.0
Michael SavioBy: Michael Savio

Arizona Re-Opens Application Process for Sports Betting Operators

Arizona will open the application process for two of the state’s available sports betting licenses, with one reserved for a tribe and the other for a pro sports team. The application window will not officially open until July 8.
11/29/2024
Sports Betting
Three of Four Missouri Candidates for Governor Support Sports Betting
Michael SavioBy: Michael Savio

Missouri Sports Betting Amendment Appears to Survive Recount

Sports betting Amendment 2 is currently undergoing a recount after narrowly passing in Missouri earlier this month, but early reports are the proposal is safe. That state will need to launch a sports betting market by December 1, 2025.
11/29/2024
Sports Betting
Colorado Loses Third Sports Betting Operator as SI Sportsbook Exits
Michael SavioBy: Michael Savio

Colorado Sees Drop in Sports Betting Revenue Despite High October Handle

The Colorado Department of Revenue reported a massive $601 million handle for the month of October, though overall revenue dropped by over 16% compared to September. The success was primarily driven by the NFL and NBA, which accounted for over half of all wagers.
11/28/2024
Sports Betting
College Football Gives New York’s August Handle a Massive Boost
Michael SavioBy: Michael Savio

New York’s Sports Betting Market Continues to Shatter Records in November

A report by the New York State Gaming Commission showed that sports betting revenue surpassed $52 million for the fourth straight week as of November 17. The record came despite the handle dipping below $500 million for the first time since early October.
11/28/2024
Sports Betting