Category Archives: Sports Betting

The Michigan Wolverines (8-16, 3-10 Big Ten) are heavy underdogs (+16.5) as they try to stop a five-game road slide when they visit the No. 14 Illinois Fighting Illini (17-6, 8-4 Big Ten) on Tuesday, February 13, 2024 at State Farm Center. The game airs at 7:00 PM ET on Peacock. The matchup's over/under is set at 153.5.

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Will Michigan cover the spread vs. Illinois? Betting Trends, Record ATS - WLUC

The Phoenix Suns (31-22), on Tuesday, February 13, 2024 at 10:00 PM ET, aim to build on a five-game home winning stretch when hosting the Sacramento Kings (30-22).

Find odds, spreads, over/unders and more from multiple sportsbooks in this article for the Suns vs. Kings matchup.

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Are the Suns favored vs. the Kings on February 13? Game odds, spread, over/under - WYMT

Maine is coming off its best month of revenue since sports betting was launched in November, and now the state is anticipating a boost from the biggest wagering event of the year.

Sunday will mark Maines first Super Bowl since sports betting went live on Nov. 3. When the San Francisco 49ers and Kansas City Chiefs meet for the NFL title, bettors within the state will be able to bet legally for the first time on Super Bowl point spreads, over-and-unders, and all the prop and in-game bets. Billions of dollars will be wagered nationally.

It wouldnt be shocking to see the Super Bowl carry February to potentially being the biggest month of the year, said John Holden, an Oklahoma State University professor whos written extensively on the regulation of sports gambling.

Maine heads into Super Sunday riding the momentum of three months that, according to state Gambling Control Board chair Steven Silver, have been a good start for sports betting. With November, December and January in the books, Maine has pulled in revenue of over $1.4 million. January was the biggest month of the three, with the state earning $546,149 in revenue.

Maine keeps 10% in tax from all wagers placed on sports betting, following payouts to bettors and federal tax.

Three months in, the initial marketing pushes have gotten the customers in and used to the app, Silver said. All in all, (January) was a good month for the books and the state, and it meets projections of that roughly $500,000 a month in tax revenue.

DraftKings, one of two mobile sports-betting providers in the state along with Caesars Sportsbook, has continued to dominate the action. Of all the money wagered in Maine over three months, 81.5% has been bet via DraftKings.

Maybe that will change by a few percentage points, but I think theyre always going to be the majority player in Maine, Silver said.

The amounts wagered during Maines first three months were similar to the same three months after New Hampshire launched sports betting in 2020. New Hampshire went from a $38.9 million handle (the total amount of money wagered) in November 2020 to $43.7 million in December and $49.4 million in January 2021. Maine went from $37.6 million in November to $44.5 million in December and $38.1 million in January.

But New Hampshire, now four years into sports betting, saw its handle pass $67 million in both in November and December 2024.

The primary reason for growth is tied to the expansion of betting opportunities, said Daniel Maloney, the director of sports betting for the New Hampshire Lottery. Simply put, players have more options for betting now. For example, same-game parlay bets and live betting during games are betting opportunities that were not available at launch. There really is something for everyone now.

In Maine, December was the lowest month in terms of state revenue at $437,884, which came despite the handle increasing nearly $7 million from November to December.

That happens, Silver said. The bettors win. There are some weekends or some days where the (sports books lose). Effectively, the sports books in the state are gambling. You have to go back and look at how did the home teams do in the playoffs, did the favorites win, things like that. When you have a bunch like that happening, you can get lopsided results.

Silver said a similar dynamic could be at play Sunday.

The question is, where is the money? Is it on the Chiefs or on the 49ers? he said. Because if its not balanced, you might see a loss on Super Bowl Sunday for the (sports books). Thats a real possibility.

Betting on the Super Bowl is expected to increase significantly from just last year. According to the American Gaming Association, 67.8 million Americans are expected to bet on the game this year, an increase of 35% from 2023, and the total amount bet is expected to rise from $16 billion to $23.1 billion. Legal sports betting is now available to bettors in 29 states and Washington, D.C., with Vermont being the latest to go live, on Jan. 11.

Were seeing an increased interest as legalized sports betting has grown, said Cait DeBaun, the AGAs vice president of strategic communications and responsibility. Theres a lot of excitement about that. The growth of the market is really driven by the migration of Americans from the illegal marketplace to the legal marketplace.

The practice of betting on the Super Bowl has changed. While bets originally were limited to winners and losers and covering spreads, innovations in mobile betting have led to the popularity of bets within the game, independent of the games outcome.

The increased use of technology through mobile betting has really allowed for a dynamic experience for customers, DeBaun said. Now with the online options, theres a lot more prop bets involved. Whos going to score the first touchdown? How many yards might Travis Kelce rack up? It makes the game more engaging for a lot of people that choose to bet.

Holden, the Oklahoma State professor, said prop bets have become embraced by the betting industry in recent years.

As weve seen sports betting expand, some regulators now allow wagering on the color of Gatorade. At one time, that was only something that you would find offshore, Holden said. In Nevada, the fear was always that someone could get that information perhaps too easily. Were seeing a lot more in-game props being offered. Back when it was really just Nevada, we didnt see a ton of the in-game offerings that you now see have become standard across games. In the Super Bowl, you can basically bet on any in-game event.

Holden, however, said that the most popular bets remain the traditional ones.

When youre looking at the total amount of money, youre still seeing spread and moneyline bets as king here, he said.

Spread bets are bets in which, after a favorite is picked to beat an underdog, a bettor wagers on either the favorite to win by that many points or more, or the underdog to lose by fewer points or win. Moneyline bets indicate how much the bettor has to place on either team to win another amount. If a team is favored at -150, a bettor would have to bet $150 to win $100, for a $250 total payout.

Mobile betting remains the only sports betting option in Maine. None of the retail locations have opened yet for sports wagering.

Everyone was so anxious and excited to get going, and now its sort of hit a wall, Silver said. Theres no regulatory reason why theyre not open yet. Its up to the owners.

The online market is far more lucrative than in-person betting. Bets placed on mobile apps accounted for 87% of all sports bets placed nationwide in 2021, according to the American Gaming Association.

Don Barberino, owner of Favorites off-track betting locations in Waterville and Sanford, said hes hoping to launch sports betting within the next six months.

Retail is only about 10% of the (total sports-wagering) business. For many of the large companies that provide sports wagering services, its difficult for them to come in and just have retail only, he said. What they project as potential revenue is not what they hope for. So we havent moved along as quickly as wed hoped there.

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With three months in the books, Maine sports betting readies for Super Bowl - Press Herald

Elon Musks X has partnered with popular sports betting site BetMGM to further diversify his sites revenue streams.

X CEO Linda Yaccarino announced the partnership in a Friday statement, saying that its users will soon be able to easily bet on their favorite sports teams through X.

Sports never sleep on X and now with our strategic partnership with BetMGM, fans are practically in the front row, she wrote on X. Were bringing sports fans on X even closer to the action so they can cheer, and now bet, on their favorite teams.

Once the deal becomes active, users will be able to browse the betting odds of professional football, with more sports to be added later. However, users will not be able to put their money down directly through X and will have to navigate to BetMGMs website to do so.

But both parties said they expect the integration to evolve, implying that users would soon be able to bet directly from X.

The deal comes as X continues to try and diversify where its money comes from.

The site that used to rely heavily on advertising dollars has been forced to pivot after many advertisers recoiled at Mr. Musks controversial business decisions and comments.

But, according to Mr. Musk, this has always been the plan. Since taking over the company in late 2022, Mr. Musk has been trying to turn X into an everything app where users can shop, browse social media posts and manage their finances.

While the transition has been rocky, it hasnt been without its successes. Mr. Musk has convinced several high-profile figures to publish video content on X exclusively, including political commentators Tucker Carlson and Don Lemon.

X shot back up to the top of Apples App Store this week after Mr. Carlson published his much-anticipated interview with Russian President Vladimir Putin.

The addition of sports betting to X could attract, and maintain, sports fans who already use X as a platform to discuss sports. The deal did not discuss any financial specifics surrounding how much revenue X can expect from the deal.

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Sports betting is coming to X as Musk's site partners with BetMGM - Washington Times

We're one day removed from the end of NFL football this season, but it's a good thing you'll have the Hard Rock Bet Promo Code when you sign up and claim $100 in bonuses. By using one of the most rewarding sportsbook promo codes, this welcome offer could get you a No Regret First Bet up to $100. If your first bet doesn't win, you'll get another chance to make it right with a bonus bet here at one of the top sports betting apps.

On this Monday, the NBA reigns supreme with a 10-game slate with matchups including the Philadelphia 76ers at Cleveland Cavaliers, the New York Knicks at Houston Rockets, and the Minnesota Timberwolves at Los Angeles Clippers. Two big college hoops programs are in action, with Wake Forest at Duke and Kansas at Texas Tech. The NHL has a four-game slate, and it's a big hockey night on the East Coast with the Seattle Kraken at New Jersey Devils, Calgary Flames at New York Rangers, and the Arizona Coyotes at Philadelphia Flyers.

This is a great time for new customers to sign up for a new account and claim the Hard Rock Bet Promo Code to claim $100 in bonuses at one of the top online sportsbooks.

Click on the "BET NOW" button down below, and that will take you to the Hard Rock Bet new-user registration page. Here, you will need to enter basic personal information like your name, email address, physical address, and phone number. Verifying your identity is also required, and Hard Rock Bet requires you to show physical evidence such as a driver's license, state ID, or passport.

Now you're ready to make your first deposit on one of the most trustworthy PayPal betting sites in the business. The minimum deposit amount at Hard Rock Bet is $10, but you can take full advantage of the welcome offer by depositing enough to claim the $100 maximum value.

Check out these details on how to use the Hard Rock Bet Promo Code and sign up to claim $100 in bonuses.

You will place a first-time $10+ wager on any sports betting market at Hard Rock Bet. If that first wager wins, you keep the money like you would on a regular bet. However, if you lose that first bet, the No Regret First Bet and you'll get a bonus bet up to $100. You'll have seven days to use the bonus bet before it expires on one of the most trusted credit card betting sites.

It's time to begin life without football and claim $100 in bonuses when you sign up with the Hard Rock Bet Promo Code.

We're moving into a busy season now with college basketball odds and NBA odds, or bet on hockey with NHL odds in full swing. Baseball isn't too far away either. You can get in on the action by signing up for a new account along with the welcome offer to potentially get a $100 No Regret First Bet.

This article is part of our Betting Promotions series.

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Hard Rock Bet Promo Code: Sign Up And Claim $100 In Bonuses - RotoWire

The No. 7 North Carolina Tar Heels (19-5, 11-2 ACC) visit the Syracuse Orange (15-9, 6-7 ACC) in a matchup of ACC teams at JMA Wireless Dome, starting at 7:00 PM ET on Tuesday, February 13, 2024. The Orange are 7.5-point underdogs in the game. The matchup has an over/under set at 156.5 points.

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Will North Carolina cover the spread vs. Syracuse? Betting Trends, Record ATS - KNOP

A study group of Alabama legislators recently announced plans for a comprehensive gaming bill in the Yellowhammer State. The legislation would create a state lottery while also legalizing casinos and sports betting in Alabama.

One of the main arguments is that illegal gambling is already occurring across the state, creating the need to not only legalize certain facilities, but also enforce strict penalties against the illegal gambling operations.

Friday on Alabama Public Televisions Capitol Journal, State Rep. Chris Blackshear (R-Phenix City) argued for the need of the new law.

Were very nave and were fooling ourselves if we dont think thats happening today, Blackshear said about sports betting. Theres folks out there that gamble every single day on an app on their phone, whether its through a bookie in the state, or whether its through having an off-shore account. Its happening every single day.

In fact last year there was 1.93 million attempts to make an illegal sports bet in the state of Alabama last year, on their phones. So its happening.

Blackshear said the bill might result in less gambling overall in the state because it will shut down the illegal facilities.

So, if Im going to seven licensed casinos, he said, and again the Poarch Creek counts, if you only had 10, from a casino perspective going from several hundred to a total of 10, and then were going to have an enforcement division that enforces those, regulates them, and then we also increase all the penalties, we put some teeth into the law. That to me is drastically reducing, thats not expanding.

Blackshear admitted this proposal probably wont please everyone, but said its the best compromise they can get through this session.

We knew it wasnt an easy task, he said, and we knew at the end of it, whatever piece of legislation looked like when we introduced it, there was not going to be a perfect piece of legislation because its just not a perfect topic a lot of people dont want to talk about. But we think we have the best possible piece of legislation to deal with the problems that we have in the state of Alabama.

If the bill passes, a constitutional amendment will have to be approved by the voters to become law.

Yaffee is a contributing writer to Yellowhammer News and hosts The Yaffee Program weekdays 9-11 a.m. onWVNN. You can follow him on Twitter@Yaffee

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State Rep. Blackshear: 'Nave' to think sports betting isn't already taking place in Alabama - Yellowhammer News

The Georgetown Hoyas (8-15, 1-11 Big East) are heavy underdogs (+17.5) as they try to break a six-game road slide when they take on the No. 17 Creighton Bluejays (17-7, 8-5 Big East) on Tuesday, February 13, 2024 at CHI Health Center Omaha. The contest airs at 8:30 PM ET on Fox Sports 1. The matchup's point total is set at 150.5.

Place your bets on any college basketball matchup at BetMGM, and sign up with our link for a first-time deposit bonus!

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Will Creighton cover the spread vs. Georgetown? Betting Trends, Record ATS - WYMT

The Kansas City Chiefs, for the second consecutive time, have won the Super Bowl. The Chiefs defeated the San Francisco 49ers 25-22, in overtime. As usual, fans are talking about the commercials, Usher's halftime show, and Taylor Swift.

However, if you are among the 68 million people who were expected to bet on the big game, you need to know that taxes are part of the equation. So, since tax season, has started, heres what you need to know about what your Super Bowl bet has to do with your tax return.

The American Gaming Association reported that nearly 70 million people would bet on Super Bowl LVIII, waging over $23 billion. According to the AGA, that would be up from$16 billion spent during last years game.

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As the Super Bowl comes to Las Vegas for the first time, this years record interest in wagering marks a full circle moment for the U.S. gaming industry, AGA President and CEO Bill Miller said in a release about this years event.

Legal sports betting, including online betting, has expanded across the United States in the last few years. Thats mainly because of a 2018 U.S. Supreme Court decision that allowed states to decide whether to legalize sports betting.

Now, the District of Columbia and most states allow some form of online sports betting, while another nine states only allow retail sports betting. Sports betting is illegal in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, Oklahoma, South Carolina, Texas, and Utah.

If you are one of the millions who placed a bet this year, you need to know that the IRS considers sports betting to be gambling. And income from gambling winnings is taxable.

It doesnt matter if those winnings come from sports betting online, from the casino, or as a result of a big Powerball lottery jackpot win. The IRS expects you to report your winnings on your federal income tax return.

Gambling losses are generally deductible on your federal income tax return, but only to the extent of your winnings and if you itemize deductions. If you take the standard deduction, which most taxpayers do, you cant deduct your gambling losses.

In any case, keep good records. If you itemize, you should be able to show the IRS the amounts of your gambling winnings, your losses, dates, places, and payers associated with that gambling.

Remember that, like the federal government, most states tax income (including gambling winnings), although some states don't allow deductions for gambling losses. If you're unsure how to report gambling winnings and losses from the state you reside in, or from a different state, check with a tax professional when it's time to file your taxes.

By the way, youll report your winnings (or claim your losses) from Super Bow 2024 on the returns you file in early 2025.

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Did You Bet on the Super Bowl? Don't Forget About Taxes - Kiplinger's Personal Finance

The Northern Illinois Huskies (8-15, 2-8 MAC) host the Buffalo Bulls (3-20, 1-9 MAC) in a matchup of MAC teams at NIU Convocation Center, tipping off at 8:00 PM ET on Tuesday, February 13, 2024. The Bulls are 7.5-point underdogs in the game. The over/under in the matchup is set at 149.5.

Place your bets on any college basketball matchup at BetMGM, and sign up with our link for a first-time deposit bonus!

Watch live college basketball games from all over the country, plus ESPN originals and more NCAA hoops content on ESPN+!

Click Here for the Best Sportsbook Promo Codes in New York & Sports Betting FAQ

Get tickets for any college basketball game this season at Ticketmaster!

Bet on this or any college basketball matchup at BetMGM

Rep your team with officially licensed college basketball gear! Head to Fanatics to find jerseys, shirts, and much more.

Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER.

2023 Data Skrive. All rights reserved.

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Will Buffalo cover the spread vs. Northern Illinois? Betting Trends, Record ATS - WWNY