Sports Betting News

MLB Players Union Files Lawsuit Against Fantasy Sports Operators
Michael SavioBy: Michael Savio

MLB Players Union Files Landmark Lawsuit Against DraftKings and FanDuel

The MLB Players Union has filed lawsuits against DraftKings, FanDuel, Underdog, and bet365, alleging the illegal use of players' images. They claim the operators need a licensing deal to use those images, which the union has been cracking down on over the last month.
09/19/2024
Sports Betting
American Gaming Association Delivers Strong Rebuke of SAFE Bet Act
Michael SavioBy: Michael Savio

American Gaming Association Delivers Strong Rebuke of SAFE Bet Act

The AGA has come out strongly against the SAFE Bet Act, describing the proposed bill as a slap in the face to the efforts of states and their regulators. If passed, the bill would move almost all regulatory control over sports betting to the federal government.
09/16/2024
Sports Betting
Caesars Sportsbook Set to Take Over Betting Kiosks in Washington D
Michael SavioBy: Michael Savio

Caesars Sportsbook Set to Take Over Betting Kiosks in Washington D

Caesars Sportsbooks has been approved to launch 53 sports betting kiosks across Washington, D.C., replacing the ones previously operated by GameBetDC. The move is the result of sports betting expansion language included in the District’s 2025 budget.
09/13/2024
Sports Betting
Fanatics Sportsbook Gains License and Launches in Washington, D.C.
Michael SavioBy: Michael Savio

Fanatics Sportsbook Gains License and Launches in Washington D.C.

Fanatics Sportsbook launched its platform in Washington, D.C., on Thursday, making it the fifth operator to go live in the market. Fanatics is now available in 22 markets across the US, making it one of the most widespread sportsbooks in the country.
09/13/2024
Sports Betting
FanDuel Dominates DC Market in August Despite Increased Competition
Michael SavioBy: Michael Savio

Federal Lawmakers Look to Overhaul Sports Betting Industry

Two lawmakers have proposed the SAFE Bet Act, which would completely overhaul the US sports betting industry. The proposal would reset the market, handing control over to the federal government. The bill would also add severe advertising restrictions and protections for bettors.
Missouri Sports Betting Ballot Initiative Ruling Could Come Thursday
Michael SavioBy: Michael Savio

Missouri Court Allows Sports Betting to Remain on November Ballot

Circuit Court Judge Green has ruled that a lawsuit challenging a sports betting initiative lacked the evidence needed to keep it off the November ballot. That means residents will have a chance to legalize the industry in the upcoming election.
09/12/2024
Sports Betting
College Football Gives New York’s August Handle a Massive Boost
Michael SavioBy: Michael Savio

College Football Gives New York’s August Handle a Massive Boost

New York has reported a 29% year-over-year increase to their sports betting handle in August, a third of which was generated in the first week of the college football season. DraftKings led all operators for the first time since May with $526 million in wagers.
09/09/2024
Sports Betting
IRS Warns Against Using Unregulated Sportsbooks This NFL Season
Michael SavioBy: Michael Savio

IRS Warns Against Using Unregulated Sportsbooks This NFL Season

The IRS has sent out a press release warning bettors against using unregulated sportsbooks when wagering on the upcoming NFL season. They estimate that the illegal sports betting market in the US to be worth northwards of $700 million.
09/06/2024
Sports Betting
NJ Regulator Fines bet365 Sportsbook For Offering Unapproved Bets
Michael SavioBy: Michael Savio

NJ Regulator Fines bet365 Sportsbook For Offering Unapproved Bets

The New Jersey Division of Gaming Enforcement has levied a $33,000 fine against bet365 for offering unapproved betting options on its sportsbook. The wager in question revolved around events that were on tap delay, making them illegal under New Jersey law.
09/06/2024
Sports Betting
AGA Predicts $35 Billion Handle for Upcoming NFL Season
Michael SavioBy: Michael Savio

AGA Predicts $35 Billion Handle for Upcoming NFL Season

The AGA estimates that the NFL season will see around $35 billion in wagers, a 30% increase from last year. More states starting the season with legal sports betting, an expanded D.C. market, and Bovada's downfall are expected to lead to more wagers this season.
09/05/2024
Sports Betting