Category Archives: Sports Betting

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company (Endeavor), today closed its previously announced acquisition of OpenBet, a leading content, platform and service provider to the sports betting industry, from Light & Wonder, Inc. (Nasdaq: LNW) for approximately $800 million paid through a combination of cash ($750 million, subject to certain customary adjustments) and shares of Endeavors Class A common stock.

The addition of OpenBet to our sports betting portfolio will enable us to further capitalize on the massive tailwinds in the fast-evolving sports betting ecosystem and lead the way in defining the future of sports betting entertainment, said Ariel Emanuel, CEO, Endeavor. In combination with our IMG ARENA sports data and content business, well look to create and unlock meaningful value for our rights holder and sportsbook customers, helping deliver the most compelling offerings for sports fans globally.

Weve been awaiting this day when we can bring together everything OpenBet has to offer with the depth of expertise and relationships that Endeavor and IMG bring to the table, said Jordan Levin, CEO, OpenBet. Our focus remains on providing our customers with the most innovative solutions to give their fans the ultimate sports betting complement to live sports. We couldnt be more excited to lean into the Endeavor network to accelerate and amplify that mission.

OpenBet and IMG ARENA will form a fourth operating segment for Endeavor, Sports Data & Technology, beginning January 2023.

OpenBet, with more than 1,000 team members situated across the globe, focuses exclusively on licensed customers and regulated global gaming markets serving a customer base that includes many top-tier sportsbooks such as DraftKings, FanDuel, SkyBet, Ladbrokes and William Hill. OpenBet specializes in betting engine technology, processing billions of bets annually, as well as trading, pricing and risk management tools; player account and wallet solutions; innovative front-end UX and UI; and content offerings such as BetBuilder, DonBest pricing feeds and an industry-first sports content aggregation platform.

IMG ARENA works with more than 470 leading sportsbook brands, leagues and federations worldwide to deliver official FastPath live streaming video and data feeds for more than 45,000 sports events annually. Additional expertise includes the creation and delivery of some of the worlds best, second-screen sports content, as well as virtual and mobile sports-specific betting products for fans.

The Raine Group acted as exclusive financial advisor to Endeavor on the transaction. Latham & Watkins LLP acted as legal advisor to Endeavor.

About Endeavor

Endeavor is a global sports and entertainment company, home to many of the worlds most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency WME; sports, fashion, events and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation, sports operations & advisory, event & experiences management, media production & distribution, experiential marketing and brand licensing.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that do not relate to matters of historical fact should be considered forward-looking statements, including the expected benefits from Endeavors acquisition of OpenBet and Endeavors new operating segment. In some cases, you can identify forward-looking statements by terms such as aim, anticipate, believe, could, expect, should, plan, intend, estimate, target, mission, will, potential or, in each case, their negative, or other variations or comparable terminology and expressions. These forward-looking statements are based on managements current expectations. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: Endeavors potential difficulties integrating OpenBet and in realizing the expected benefits of the transaction within its expected time-frames or at all; Endeavor may incur significant transaction costs and integration costs in connection with the transaction; and challenges Endeavor may face protecting and preserving the acquired intellectual property rights. These and other important factors discussed in Part I, Item 1A Risk Factors in Endeavors Annual Report on Form 10-K, for the fiscal year ended December 31, 2021, as updated by Part II, Item 1A Risk Factors in Endeavors Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022, as any such factors may be updated from time to time in its other filings with the SEC, accessible on the SECs website at http://www.sec.gov and Endeavors Investor Relations site at investor.endeavorco.com. Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, Endeavor undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Endeavor Completes Acquisition of Sports Betting Company OpenBet - Business Wire

More than 30 states will kick off the first weekend of the football season with legal online sports betting, but Floridians are still waiting for when they can also be part of the fun again. Florida sports betting launched for three brief weeks last November until the Seminole Tribe quickly challenged the compact they were legalized under, claiming it violated the Indian Gaming Regulatory Act. Seminole-run in-person casino gambling and pari-mutuel horse racing remain legal in the Sunshine State, but Florida mobile sports betting can't return until legal proceedings with the Seminoles have concluded. Currently, arguments will not be heard again until some time in 2023.

The latest Florida sports book bonus code and Florida sports book promo code will be popular among sports fans in the Sunshine State when Florida online sportsbooks return. If you need a refresher on Florida online sports betting terminology in the meantime, here is a sports betting glossary from our friends at SportsLine.

If Florida online sports betting returns, there are multiple ways sports fans in the Sunshine State can wager on their favorite sports teams and leagues. Here are some examples:

Against the spread: This is the most popular betting style when it comes to wagering on football. If Miami is listed as the 7.5-point underdog against New England, that side must win outright or lose by seven or fewer points in order to cover the spread. New England can cover that spread by winning by eight or more points.

Push: If neither team is able to cover the spread, the result is called a push. If Tampa Bay closes as a three-point favorite against Dallas and then wins the game 27-24, neither team can cover and all bets on the spread are returned.

Parlay: This betting method requires two or more sides in one bet. All sides have to win for the bet to be a winner, so it's a riskier bet with the potential for a bigger payday. If you bet $100 on a four-team parlay at 11-1 odds, that bet could win $1,100 if all four sides win.

If you're looking for the best values on the board in Florida or elsewhere, be sure to check out SportsLine, which specializes in Vegas picks, DFS advice and season-long fantasy sports projections.

An industry leader, SportsLine.com provides advanced computer modeling, expert picks, news and analysis of all the biggest events in sports. It can help you identify in which games you'll have the biggest statistical advantage. Plus, you'll get access to a team of over 40 experts.

SportsLine provides betting advice across the four major professional sports, college sports, golf, tennis, soccer, combat sports, horse racing, auto racing and more. It's a proven resource to sports bettors around the world. You can sign up here to enjoy all of the sports betting and fantasy sports advice that SportsLine has to offer. Then, use your knowledge to crush Florida online sports betting when it becomes legal again.

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Sports betting in Florida: Has it been legalized, how to bet online, where to get picks and promos - CBS Sports

With the return of football this month, fans are on the edges of their seats waiting for legal Ohio sports betting to launch. Ohio mobile sports betting will kick off in January 2023, making the Buckeye State one of the newest states to give sports fans the chance to wager on their favorite teams from the comfort of their own homes. Ohioans are very passionate about their sports teams, so there is no doubt sports betting in Ohio will be an instant hit and that an exclusive Ohio online sports book promo code and Ohio online sportsbook deposit bonus are going to be must-haves in the new year.

It may be daunting for new sports gamblers, so SportsLine is here to help you better understand sports betting terminology. Below are several sports betting terms and what they mean from our friends at SportsLine.

There are several ways you can make sports wagers both online and in retail sportsbooks and plenty of bet types you'll want to familiarize yourself with. Here are several common sports betting terms:

Against the spread: Ohio loves its football teams, so expect spread betting to be very popular. If Cincinnati is a 7.5-point favorite against Cleveland, they need to win by eight or more points to cover the spread. Cleveland can cover by winning outright or losing by seven or fewer points.

Prop bet: If you want to bet on something other than the final score of a game, a prop bet is right for you. Popular prop bets in football include how many passes a tight end catches or how many touchdowns a running back rushes in.

Parlay: Parlays involve two or more sides in one bet, so the risk is higher but the reward is worth it. If you bet $100 on a four-team parlay at 11-1 odds, that bet could win $1,100 if all four sides win.

If you're looking for the best values on the board in Ohio or elsewhere, be sure to check out SportsLine.com, which specializes in Vegas picks, DFS advice and season-long fantasy sports projections.

An industry leader, SportsLine.com provides advanced computer modeling, expert picks, news and analysis of all the biggest events in sports. It can help you identify in which games you'll have the biggest statistical advantage. Plus, you'll get access to a team of over 40 experts.

SportsLine provides betting advice across the four major professional sports, college sports, golf, tennis, soccer, combat sports, horse racing, auto racing and more. It's a proven resource to sports bettors around the world. You can sign up here to enjoy all of the sports betting and fantasy sports advice that SportsLine has to offer.

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Sports betting in Ohio: When it will be legalized, how to bet online, places to find picks, top-tier promos - CBS Sports

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Photo by Zach Bolinger/Icon Sportswire via Getty Images

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Sep 06, 2022, 12:10 PM EDT

Maryland is accepting applications for online sports betting licenses, the Sports Wagering Application Review Commission announced Tuesday.

Entities interested in obtaining a license must submit an application by October 21. The announcement comes after the Joint Committee on Administrative, Executive and Legislative Review approved emergency regulations for online sports betting on Friday.

The SWARC is holding a public hearing for the approved regulations Friday at 11 a.m. ET.

During a recent meeting, SWARC members said they anticipate online sports betting will be live around the Super Bowl in early February.

Marylanders legalized in-person and online sports betting in 2020. Of all the states to legalize online sports betting, it has taken the longest to get it up and running.

We know sports fans are eager to have mobile wagering, and we also know that it will substantially increase the contributions to education funding, so were eager too, John Martin, Director of Maryland Lottery and Gaming said in a press release Tuesday. Weve been doing everything we can to have it launch before the end of the year, and now we have a good chance to make that happen.

Much of the delay has come as the commission has waited on results from a disparity study which is intended to determine opportunities for women and minority owned businesses within legal sports betting.

Last week, SWARC announced the long-awaited study shows the state cant take into account race or gender in deciding whether or not to award a license.

Instead, license awardees will be asked to submit a diversity plan to the SWARC within 30 days of receiving their license.

But Assistant Attorney General David Stamper whos office was tasked with the original study has concluded the commission wont be able to revoke a license after awarding one.

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Maryland Opens Online Sports Betting Application Process - The Action Network

The National Football League is finally back and with Week 1 now here, football fans throughout the United States will be looking for the best sports betting sites. The top online sportsbook apps remain in a spirited competition to earn market share and the business of sports fans everywhere. To this end, operators are approaching a new season with an aggressive plan, one in which they are bringing prospective users the ability to score numerous incentives.

While a new NFL season naturally drives wagering interest, this is also the first year that players in several states will be able to wager on regular season games with the top betting sites.

Whether its more established markets like New Jersey and Pennsylvania or ones on the newer side like New York and Kansas or any of those in between thousands of dollars in free bets and value are out there for the taking.

There are a handful of prominent sports betting sites that possess great visibility through television and radio adds, while there are some others that are a bit more under-the-radar that still provide great value.

Below, weve assembled a how-to guide in terms of signing up for at sports betting sites, along with a preview on what to expect in terms of promos and bonuses.

The Bills and Rams present players with their first opportunity to wager on a brand new season, but the action will be headlined by 14 games Sunday and then a Monday Night Football matchup featuring the Seahawks and Broncos. Notably, that will be the first telecast for Troy Aikman and Joe Buck at their new home, ESPN. Pair up the announcers and a great matchup, and that game figures to be a big one for sports betting sites.

In terms of the best overall apps, DraftKings, FanDuel, Caesars, Barstool Sportsbook, and BetMGM consistently sit near the top of the rankings. That said, lets take a look at what each will be offering throughout the weekend.

First, lets start with DraftKings. The app is offering $200 in free bets to new players who sign up and make a $5 first bet on any game.

Meanwhile, any Rams-Bills bet will pay, up to $250, if the side bet surges ahead by at least seven points. On Sunday, users will receive the same early-win special on teams that get up by 10+ points.

Get the bet $5, get $200 bonus right here.

As for FanDuel Sportsbook, arguably the biggest and most popular of the sports betting sites, they will offer new players a bet $5, get $150 instant bonus.

Meanwhile, players will receive a $10 no-sweat bet that will bring back a credit refund should it lose.

Score a bet $5, get $150 instant bonus with FanDuel right here.

Over at Barstool Sportsbook, one of the emerging sports betting sites in the 13 states in which it currently operates, players will have access to a $1,000 risk-free first bet along with an NFL Week 1 bonus.

Those who wager at least $100 on any of the 32 teams to win the Super Bowl will receive a bonus that pays out $7 in sportsbook cash for every win accumulated by that team. With significant daily odds boosts and other creative incentives, including exclusive merchandise, this is a great opportunity to try out what stacks up as one of the industrys best overall apps.

Now, lets check out Caesars Sportsbook. The brand exploded onto the scene last season, particularly as part of the NY sports betting launch, on the heels of awesome risk-free bet and deposit match specials.

This year, the app will give players a $1,250 first bet on the house, refunding losing wagers with site credit. This remains the biggest single-bet insurance policy available in most markets. Also noteworthy of the app, it excels in terms of supplying players with odds boosts and daily incentives.

Score the $1,250 first bet on Caesars with promo code MHSXLFULL right here.

BetMGM remains a strong option in most legal online sports betting states. Those it does not offer a new user sign up to players in New York, it does everywhere else.

Most states are able to secure a $1,000 risk-free first bet. Thats said, players in Kansas, Illinois, and Louisiana will have the opportunity to lock in a bet $10, get $200 bonus on any NFL game, one that pays as long as either team in the contest combines for a touchdown.

Click here to get the $1,000 risk-free bet. Get the bet $10, get $200 TD bonus here.

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The Best Sports Betting Sites for Every NFL Game This Weekend - Mile High Sports

The Bills and Rams will kick off the 2022 NFL regular season and a first full weekend of matchups, which means that players looking to bet on the action will be in the market for all of the best offers from the top online sports betting sites. Apps like DraftKings, FanDuel, BetMGM and Caesars have become established industry brands, while a number of other apps look to make a significant move throughout the season.

Week 1 of the NFL season is particularly important for the top sports betting sites because its an opportunity to win the business of bettors at onset on action. With a favorable first impression, chances are that such players will stick around.

Because the stakes are high and the competition is fierce, many of the top legal online sports betting operators are approaching the start of this season with some of the best new user sign up specials to date. Notably, not only does September mark a busy month at sports betting sites, this year also marks the first in which players in many states can legally wager on the action right from Week 1.

When it comes to the hierarchy of sports betting sites, brands like DraftKings and FanDuel sit atop the list. Using significant brand power dating all the way to the daily fantasy craze of the mid-2010s, these two powers have quickly emerged as the leaders in market share across many key states.

That said, there are plenty of other options worth checking out this NFL season. Lets briefly run through all of the notable promos and bonuses available this month.

Want to get the attention of new customers? Give them a no-risk, high-upside 40 to 1 bonus return and some no-brainer odds. Thats exactly the playbook from DraftKings, which will turn any $5 Week 1 wager into $200 in free bets.

Whats more, the app will also take any bet (up to $250) and score it a winner, as long as their team gets up by a designated amount of points. In the season opener between the Rams and Bills, if the selected team gets up by at least seven, the wager wins. On Sunday, the same applies for teams that get up by at least 10 points.

Grab the DraftKings promo code offer right here.

FanDuel leads the industry in terms of total bets and handle in most markets. This season, it will look to stay atop the sports betting sites race by supplying players with a bet $5, get $150 instant bonus.

Just bet on any NFL game and automatically secure the payout, one that can then be used on any other matchup. One other bonus is also in play. Those who want to bet without any risk can do so by taking advantage of a $10 no-sweat first bet offer, which pays a $10 site credit refund on losing wagers.

Bet $5, get $150 at FanDuel Sportsbook right here.

If a big first bet insurance is of interest to you this NFL season, then the Caesars Sportsbook Full Caesar special that is headline with a $1,250 first bet on the app is a must-have. Bet any amount between $10 and $1,250, catch a site credit refund on losses.

Meanwhile, the app also has a fist full of bonuses for each NFL game, a special daily featured boost, enhanced odds specials and more.

Click here to get started with the Caesars Sportsbook app.

Were big fans of Barstool Sportsbook. The app brings a create approach to sports betting, with fun daily specials, great odds boosts, a $1,000 risk-free bet, and occasional free bet specials. This week, players who place a $100+ wager on any team to win the Super Bowl will get back $7 for each game that team wins.

Click here to use Barstool Sportsbook promo code BLEACHER1000 and get a $1,000 risk-free bet.

Finally, BetMGM closes down out list of top sports betting sites for the NFL this fall. The app offers a $1,000 risk-free first bet in all states except New York, while it also provides those in Kansas, Illinois, and Louisiana with a chance to bet $10, get $200 on any game, as long as at least one touchdown is scored.

Click here to get the $1,000 risk-free bet in most states. Get the $10, $200 bonus in IL, KS, and LA right here.

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The 5 Best Sports Betting Sites for NFL 2022 Season - bleachernation.com

The first legal sports bet in Kansas was $15 inspired by Patrick Mahomes' jersey number on the Kansas City Chiefs to win the Super Bowl.

Gov. Laura Kelly placed the wager Thursday at Hollywood Casino, kicking off sports betting in Kansas.

"Every day I hear from Kansans across the state who tell me they are literally counting down the hours until they can finally legally wager on sports," Kelly said. "I'm with them: Im so glad this moment has finally come."

Kansas sports fans and Missourians willing to cross state lines can now legally beton their favorite teams.

"Now, Kansans will have another way to show their support for their favorite teams and players," Kelly said. "As long as theyre not the Broncos or Mizzou, I'm good with that."

The sports betting soft launch kickedoff at noon Thursday. It will befollowed by a full opening Sept. 8, which is the start of the NFL season.

The launch comes just in time for the first football games of the season for theChiefs, Kansas State University Wildcats and University of Kansas Jayhawks. That wasan uncertain prospect when the bill passed late this spring and faced a lengthy and arduous regulatory process.

"With NFL season kicking off ... the timing is perfect to showcase our NFL in-play betting capabilities in particular," PointsBet Group CEO Sam Swanell said in a statement.

Several sportsbooks have offered signup bonuses as advertised on social media and television.

"It's an especially exhilarating time of year, and we are excited for eligible Kansans to be able to get in on all the action," DraftKings co-founder Matt Kalish said in a statement.

Previously: We found out when sports betting will start in Kansas. Here's what to know.

The Kansas Lottery and the Kansas Racing and Gaming Commission approvedtemporary rules and regulations to operate sports betting. Those guidelines were reviewed by Attorney General Derek Schmidt's office and required his approval.

Near Wichita, the Kansas Star Casino will hosta grand opening Sept. 8 that includes a ceremonial first bet by former Jordy Nelson, the star wide receiver at Kansas State University and the Green Bay Packers.

You can place a wager in-person at one of the four state-owned casinos, though only two have in-person sports betting up and running.

Mobile and online betting is also available through several third-party vendors that contract with the casinos.

The state's federally recognized Native American tribes could soon offer betting. More locations, such as restaurants and gas stations, will likely offer ways to gamble on athletics in the future.

More: What channel is KU football vs. Tennessee Tech? How to watch, stream Kansas' season-opener

The Kansas Lotteryreported the following sports wagering platforms will be available to the public on launch day.

Hollywood Casino in Kansas City, Kansas, will have in-person sportsbook and mobile sports betting through Barstool Sports.

Kansas Star Casino in Mulvanewill have in-person sportsbook and mobile sports betting through FanDuel.

Boot Hill Casino and Resort in Dodge City will have mobile sports betting through DraftKings. In-person wagering is expected to be offered in the future.

Kansas Crossing Casino in Pittsburg will offer mobile sports betting through BetMGM, Caesarsand PointsBet. In-person betting is expected to be available in the future.

More: Inflation isn't just at the store but also hurt Kansas pensions. Here's what officials will do.

A money line is a simple bet on the result of a sporting event, such as whether a team wins a game. You win money if you pick the correct outcome.

Point spreads are a type of wager that encompasses the outcome while factoring in how close the score endsup. You win money if you bet on the favorite and they win by more than the expected margin. You can also win money if you bet on the underdog to pull off the upset or to "cover" by playing a closer game than expected.

Over/under bets are placed on the combined score of both teams in a game. You win money if you correctly predict the total points scored to be either over or under the number set by sportsbooks.

There are futures odds, such as predicting far in advance who will win the Super Bowl or the college football Heisman Trophy. Such bets tend to be more lucrative.

Other bet types are also offered, such as same-game parlays, player props and special odds.

More: What time is the Kansas State football game? How to watch, stream and listen K-State vs. South Dakota

The Kansas City Chiefs are among the best odds to win the Super Bowl, just behind the Buffalo Bills and Tampa Bay Buccaneers, Vegas Insider reports. The sportsbooks are so confident in the Chiefs being a safe bet to make the playoffs that prop odds would require you to put up $210 for the chance of winning $100.

Superstar quarterback Patrick Mahomes is just behind Josh Allen on MVP odds.

While theKansas City Royals have struggled this season, Vegas thinks infielder Bobby Witt Jr. still has a slim shot at AL Rookie of the Year.

Sporting Kansas City would be among the riskiest bets to win the MLS Cup, Vegas Insider reports. The United States has odds in the middle of the pack for winning the FIFA World Cup, while USMNT star Christian Pulisic is a longshot to be the top goal scorer.

Vegas odds aren't very hopeful for either Kansas State University or the University of Kansas to pull of a national championship season in NCAA football.

For fansexpecting Nebraska transfer quarterback Adrian Martinez to lead the Wildcats to a successful year, betting the over on the 6.5 win total could be of interest. K-State won eightgames last season with Skylar Thompson running the offense. Star running back Deuce Vaughn is a longshot to win the Heisman, Vegas Insider reports.

For fans confident that coach Lance Leipold's squadtakes a step forward this year after winning two games last year,they could be intrigued by a2.5 win total. For less hopeful fans who don't want to wait until basketball season, the more favorable football odds may come on whether the Jayhawks cover the spread in matchups.

The defending national champion Jayhawks are among the favorites to make the Final Four, according to Vegas Insider. Sportsbooks have Kansas behind Gonzaga, North Carolina, Houston, Kentucky and Duke.

How much of a cut the state would take of the revenue was a top issue lawmakers debated, ultimately settling on a 10% tax. A few million dollars worth of tax revenue is expected to come in annually.

The current fiscal year is expected to see $1.8 million in new tax revenue to the state. The fiscal estimates increase to$6 million and $10 million in the next two years.

The revenue will go toward a white collar crime fund used to investigate illegal wagering, a new fund designed to attract professional sports teams to Kansas and combatting gambling addiction.

While the state may not be rolling in much dough, the spending is expected to help businesses by legalizing an activity that benefited offshore operators, keeping more of their money in Kansas.

"Casinos, restaurants, and other venues across the state now have another way to attract Kansans to those establishments creating jobs and driving economic growth," Kelly said.

If you or someone you know has a gambling addiction, the state has resources to help.

The problem gambling hotline is 1-800-522-4700. Trained professionals are available 24 hours a day.

Jason Tidd is a statehouse reporter for the Topeka Capital-Journal. He can be reached by email at jtidd@gannett.com. Follow him on Twitter @Jason_Tidd.

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Sports betting is now legal in Kansas. Here's what to know when gambling on Chiefs, K-State, KU - The Topeka Capital-Journal

Sports betting experts say the 42 companies that are signaling their interest in taking part in the Massachusetts sports betting industry represent a robust group with the potential to create a competitive market.

Forty-two companies told the Massachusetts Gaming Commission they are interested in applying for a sports betting license, according to a list released Thursday morning. That includes well-known companies like FanDuel and DraftKings and local groups like the owners of Raynham Park.

Foley Hoag partner Kevin Conroy, who specializes in sports betting, said Thursday the very robust list is good for the Gaming Commission because members will be able to dig in on issues of importance beyond whether a company is suitable for the state or if they have integrity.

I expect the Gaming Commission will put some real emphasis on making sure that some of the companies in this have diverse ownership bases, and have diverse employee bases, he said in an interview. I think the commission will put some precedent on, or put some weight on determining if you are offering a really robust responsible gaming platform.

Gaming commissioners requested companies turn in notice of intent forms for informational purposes only in an effort to better understand the potential field of entities that want a wagering license, to set themselves up as a vendor, or just be involved in the creation of Massachusetts newest gaming industry.

The form asks for basic information is the company licensed in another jurisdiction, what business will it likely do here, what type of license are they seeking, and are they also pursuing licensure in another part of the country.

The list of companies includes Ceasars Sportsbook, BetMGM, Commonwealth Equine & Agricultural Center, Digital Gaming Corporation, Bet Fanatics, Fubo Sportsbook, G3 Esports, Mohegan Digital, Penn Sports Interactive, Plainville Gaming and Redevelopment, PointsBet Massachusetts, WynnBET, and Sportradar Solutions, among others.

Theres also Betr Holdings, a microbetting company founded by Jake Paul that plans the launch of a sports betting app in Ohio, whose market is slated to premiere in January.

A handful of the names on the list are business-to-consumer oriented and may be looking to operate a sportsbook, while others are business-to-business and are likely wanting to provide services to the sportsbooks.

Sports betting attorney Daniel Wallach said people should not automatically assume that all 42 companies are looking to facilitate bets. Take Sportradar Solutions, which previously said it submitted a form because they want to seek a license to act as a supplier

Also among the names are an established group of casinos that have moved into the digital sports betting world Caesars Sportsbook, BetMGM, Mohegan Sun, Seminole Hard Rock Digital, Resorts World Bet, and Blue Tarp reDevelopment, which is connected to MGM Springfield.

Some of those companies are no strangers to Massachusetts.

Mohegan Sun made a run at earning one of the states casino licenses in 2013 when it proposed building a facility in Eastern Massachusetts, while Rush Street made an unsuccessful bid at opening a casino in Brockton.

Both of those companies were thoroughly vetted by the Commission, found to be suitable, Conroy said. Youre seeing some companies who have already tried in Massachusetts, who were not successful, thinking about coming back to Massachusetts, which is interesting, and its a credit to the Gaming Commission.

Encore Boston Harbor which is pursuing sports betting won the Eastern Massachusetts casino license, and MGM Springfield, also looking to offer sports betting, won the Western Massachusetts license. A license for Southeastern Massachusetts, which Rush Street had competed for, was never awarded.

Several of the companies are also connected to Native American groups. FSST Interactive is run by the Flandreau Santee Sioux Tribe, Seminole Hard Rock Digital is run by the Seminole Tribe of Florida, and Mohegan Sun is run by the Mohegan Tribe.

Wallach said the presence of three out-of-state tribes really jumps out as a surprising development. There is no reason why the Seminole Tribe of Florida, he said, would not want to pursue a license in another jurisdiction.

I didnt anticipate that the Seminoles would be applying for one of the online gaming licenses in Massachusetts, he said. But it sets up an interesting or an intriguing possibility that they could become a favored partner of any of the state-licensed casinos.

Some of the companies will have to go through a complex application process if they are interested in one of the states seven untethered digital sports wagering licenses which are unique in Massachusetts because they do not require affiliation with a casino or racetrack.

Wallach said potential sports betting operators will need to show a track record of performance, suitability, and a plan for responsible gaming.

This is a Gaming Commission that takes responsible gaming very seriously, Wallach said. Responsible gaming is at the forefront of the Gaming Commissions objectives in selecting suitable sports betting operators.

The sports betting landscape here allows for three types of licenses, one for established casinos and slot parlors, another for simulcasting or racetrack facilities, and seven untethered licenses for companies looking to facilitate wagering on a mobile application or digital platform.

Conroy said the race to get one of the seven digital licenses will be competitive, and companies will need to make a solid case to the Gaming Commission for why they are best suited to get one.

The Gaming Commission will be very interested in national companies competing for this, he said. But we also remain parochial, and to the extent you are putting together a team that includes people from Massachusetts, I think the Gaming Commission will respect that and reward you.

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Sports betting experts weigh in on the 42 companies indicating their interest in a sports betting license in - MassLive.com

Over the last 12 months, Arizona regulators have constantly been surprised. In a good way.

On Sept. 9, 2021, the state became the biggest in the West to go live with digital and retail event wagering. From the time-release map the geofencing company GeoComply shared on that first day, to reaching $1 billion in handle in under three months, to consistently seeing handle of about $500 million per month, well, Arizona Department of Gaming Director Ted Vogt has been all smiles.

The first year was better than I expected, Vogt said. I think what surprised us the most was the pent-up demand for event wagering in the state, and how consistent it has been. Everything shows us that the fundamentals are there for a strong market.

The numbers bear that out Arizona operators were the fastest in U.S. history (at the time) to reach $1 billion in handle, needing only 82 days, and reached $4 billion in handle in eight months. If the numbers stay consistent, Arizona operators likely broke the $5 billion handle barrier in July, 11 months after launch. For comparison, Illinois operators are currently the fastest new market to $5 billion in the post-PASPA era in 16 months. In March, Arizona bettors wagered a record $691 million, and that same month, a single operator DraftKings surpassed $1 billion in total wagers.

BetMGM, DraftKings, and FanDuel continue to battle for market share in the state, with DraftKings holding a slight edge over FanDuel in handle but FanDuel leading in gross gaming revenue, with BetMGM second in that category. Caesars Sportsbook and Barstool Sportsbook are also in the top five in both categories, but well behind the top three.

With about 7.3 million people, Arizona is the eighth-most populous state to launch wagering since the Professional and Amateur Sports Protection Act was overturned in 2018. Until New York launched digital betting in January 2022 with more than $1 billion in handle the first month, no other state had come close to the speed with which Arizonas market grew.

Home to the NFL Arizona Cardinals, the NBA Phoenix Suns, the MLB Arizona Diamondbacks, the NHL Phoenix Coyotes, two big-time college football and basketball teams at ASU and Arizona, a NASCAR venue, and a PGA Tour stop, Arizona is the true definition of a sports-crazy state, though it is often overlooked in the shadow of California and in the shadow of Nevada when it comes to gaming.

It kind of amazed us that in the first three months we reached $1 billion in handle, Vogt said. But it was still surprising, and pleasantly so.

Its likely that Vogt and his staff will continue to be pleasantly surprised. The NFL season, which opens Thursday, will end in Glendale with Super Bowl LVII on Feb. 12, 2023, which coincides with the final round of the PGAs Phoenix Open. And before all of that, the NASCAR Cup Series Championship Race is set for Nov. 6.

Now that were getting into sports season, we have a lot to look forward to, Vogt said. Theres cooler weather, more people are coming to Arizona.

Vogt points to the NFL as being an excellent partner, and says his staff has already been in touch with the league to get acquainted before it becomes the first legal wagering jurisdiction in the U.S. to host a Super Bowl. On Thursday, one day before the one-year launch anniversary, Arizona will become home to the first live brick-and-mortar sportsbook at an NFL stadium, when BetMGM unveils its State Farm Stadium location on the The Great Lawn, adjacent to the venue.

BetMGM, like many other operators, has been taking bets online for about a year. The State Farm Stadium book will be the third since Sept. 9, 2021, to open at a professional sports venue in Arizona. The only other U.S. jurisdiction with as many in-stadium sportsbooks is Washington, D.C., which has retail books open at Capital One Arena, Nationals Field, and Audi Field.

Last Sept. 9, FanDuel Sportsbook became the first to open a retail sportsbook at a pro venue in Arizona, though there are eight operators tethered to professional sports venues around the state. FanDuels Footprint Center location provides access from both the street and inside the arena and offers a state-of-the-art video wall. On the same day, Caesars began offering wagering via kiosks around Chase Field, and on June 21 it opened a two-story, 22,300-square-foot location adjacent to the ballpark.

Caesars, like several other operators, has multiple retail partners and could have more than one brick-and-mortar location.

September 9, 2021, was a historic day for our company marking the first time Caesars Sportsbook launched in a new state on its first day of legalized sports wagering, Caesars Digital President Eric Hession told Sports Handle via email. When we look back on this momentous year, were encouraged about what lies ahead. Arizona is a state we take pride in operating responsibly in and were thankful for our partners the Arizona Diamondbacks and Ak-Chin Casino for helping us launch and build for the future in the state.

In addition to these three, there are plans for sportsbooks at Phoenix Raceway (Barstool Sportsbook) and TPC Scottsdale (DraftKings).

When Arizona Gov. Doug Ducey signed the states event wagering bill into law on April 15, 2021, it set into motion a five-month sprint for operators and the ADOG. It wasnt the fastest state to go from legal to live that was Iowa, in about three months in 2019 but it was certainly among the quickest.

It was also fairly complicated. Arizona lawmakers made a unique decision when they legalized, calling for a total of 20 licenses that would allow for digital and retail wagering. But those licenses were split 10 each for professional venues and the states tribes. As of today, eight licenses tethered to sports venues have been claimed and all 10 of the tribal licenses have been assigned. Three teams that play at the Footprint Center have partners the Suns (FanDuel), the WNBA Mercury (Bally Bet), and the Indoor Football League Arizona Rattlers (Rush Street Interactive) but only FanDuel will have an in-person sportsbook at the venue.

Throughout the process, it was clear that while lawmakers were striving for equity with the split, there were too many licenses allotted to professional franchises and not enough to tribes. During the 2022 legislative session, one bill that would give every tribe access to a license was filed, but didnt move.

As of the start of NFL season, there are 18 digital platforms and 24 retail locations, including sportsbooks at casinos, professional sports venues, horse racetracks, and OTBs. That number will go up to 25 Thursday, when BetMGM opens its State Farm Stadium location.

Besides promulgating rules in a hurry, the ADOG also had a hand in working on the tribal compacts, which are needed in order for wagering to happen in Indian Country. That process includes approval from the state and the U.S. Department of the Interior, meaning it could easily have slowed down the overall launch process.

Certainly, we set out an aggressive timetable from passed to go live, Vogt said. While we were working on the rules, we were also putting some meat on the bones from the compact negotiations on how event wagering would be conducted on tribal lands, so there was a lot of work there.

For operators, it was a busy month those that were licensed were also allowed to open physical sportsbooks in Washington state, also on Sept. 9, 2021, and both BetMGM and DraftKings launched digital sites in Wyomingon Sept. 1, 2021.

In addition to being able to bet in person at professional sports venues and tribal casinos, Arizonas law allows for 10 retail-only licenses for horse racetracks and OTBs. None of those opened on launch day last year, but the ADOG has allotted all 10 licenses, and all but one have been approved for operations. Among those that have opened sportsbooks is Turf Paradise, a track that is also in litigation with the state after it applied for a full event wagering license that would allow it a digital platform as well.

Arizonas law does not name which professional franchises may apply for licenses. In some states, including Maryland, the law spells out which venues can apply. But in Arizona, the law includes a list of parameters that a professional franchise must meet, rather than indicating which ones. Because of that, the Arizona Rattlers were able to get a license. Turf Paradise claims in its lawsuit that it meets the list of parameters.

When reflecting on the last year, Vogt is quick to point out that he believes that reaching out to other live states and keeping an open dialogue with operators was critical to a successful launch day.Other jurisdictions pointed out where there would be sticking points and hiccups, he said. In addition, regulators in other states told Vogt that rules should be tailored to his state, and there there is no plug-and-play template that works across the country.

Staff worked long days and extra days in the final weeks ahead of launch setting up a day that was the highlight of the first 12 months.

Launch day was probably the most exciting, Vogt said. We made our geolocation publicly available, so you could watch and just start seeing locations turn on. That immediate moment brought a lot of happiness.

Chris Altruda contributed to this report

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Arizona's First Year Of Legal Sports Betting Better Than Expected - Sports Handle

There's no better football state in the country than Texas. As high school football ramps up, Texas football fans are more excited for the season than ever. Although there has been increased momentum over the last couple of years in the state, Texas sports betting is still not legal. However, there are also many other critical issues facing Texas voters than sports gambling. The success of other states across the country, from Wyoming to Louisiana, highlights this issue even more. More than a dozen states have legalized sports betting on mobile and desktop devices so fans can wager from the comfort of their own homes. Neither of the candidates for governor has commented on Texas mobile sports betting recently, but there is hope they will be increased momentum after the election to legalize sports betting in Texas.

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There are several ways you can make sports wagers both online and in retail sportsbooks and plenty of bet types you'll want to familiarize yourself with.

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If you're looking for the best values on the board in Texas or elsewhere, be sure to check out SportsLine, which specializes in Vegas picks, DFS advice and season-long fantasy sports projections.

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SportsLine provides betting advice across the four major professional sports, college sports, golf, tennis, soccer, combat sports, horse racing, auto racing and more. It's a proven resource to sports bettors around the world. You can sign up here to enjoy all of the sports betting and fantasy sports advice that SportsLine has to offer. Then, use your knowledge to crush Texas online sports betting when it's a reality.

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Sports betting in Texas: When it will be legalized, how to bet online, where to find picks, ideal promos - CBS Sports