Category Archives: Sports Betting

Its information overload everywhere, and theres not time enough to sleep and eat and stay fully apprised of whats happening on this crazy blue dot of ours (two out of three aint bad). Heres the weekend Sports Handle item, Get a Grip, recapping the weeks top U.S. sports betting stories, highlighting some fresh news, and rounding up key stories.

It wasnt a huge news week in the sports betting world, but there appears to be plenty in motion.

Fanatics is signaling that they are getting ready to enter the sportsbook game, Underdog is also inching closer, and Michigan has has entered into the Multi-State Internet Gaming Agreement, which will allow poker enthusiasts in the state to compete against players in New Jersey, Delaware, and Nevada.

Minnesota legislature closes without legal wagering

New Jersey tries to put DraftKings proxy betting case in rearview mirror

Madoff-like sports betting scheme leads to arrest of WSOP bracelet winner

An overview of notable moments during GambetDCs two controversial years of existence

Sportsbooks get creative with pre-game wagers that offer brief and intense engagement

How an obscure form of hyper-local gambling has persevered in a digitized world

TheScore Bet shows responsible gaming education can be funny

Chicago City Council approves Ballys as applicant for downtown casino

New York legal sports wagering eclipses $7 billion in handle

Nevada sports wagering handle slumps to $589 million in April

Colorado sports wagering handle dips to $392 million for April

Tennessee wagering revenue improves slightly in April

Meadowlands owner weighs in on racehorse doping saga

Meadowlands, Monmouth have big summers planned

In Maryland, Mayor Ray Morriss and the Cumberland City Council voted earlier this week to allow a sports gambling establishment within city limits. It appears Morriss is hopeful the city will add a retail betting location, and changes to zoning guidelines were adopted to make that a possibility.

Maryland legislation named 17 entities that would receive retail sports wagering licenses, but there are also an additional 30 retail licenses available for locations across the state through a competitive application process. Maryland also allows for the distribution of 60 mobile sports betting licenses.

Im very hopeful someone in Cumberland will be licensed, Morriss said. I hope the state spreads them out and puts one in Cumberland. I think it would be a great asset to have here. Any kind of entertainment offering that comes to the area can only bring more people and money into our community.

Cumberland is located on the east side of Maryland, near the West Virginia and Pennsylvania borders. Both West Virginia and Pennsylvania offer legal sports betting.

Bennett Conlin

In the last week, theScore Bet rolled out a unique responsible gaming program in Ontario, the Mohegan Tribe in Connecticut donated $2 million to Yale University to combat problem gambling, and the Oregon Council on Problem Gambling opened an RFP for new research opportunities.

While problem and responsible gaming are intertwined, they are distinctly different initiatives addressing different populations. Problem gambling programs work with individuals who are already addicted, while responsible gambling programs provide tools to help consumers identify and prevent problems from developing before they take root. That education, according to advocates, is critical and should be ongoing.

When asked how long operators should advertise responsible gaming initiatives, Keith Whyte, the executive director of the National Council on Problem Gambling, told Sports Handle, Until its effective. How much do we need to make sure that every player in a jurisdiction has seen it and understood the message? You can figure that out by using focus groups and polling, but its probably like a lot of campaigns, like drunk driving you can always reinforce it. There is always a new generation that can hear the message. Its a public health issue.

Jill R. Dorson

In just its eighth month of sports wagering, South Dakota reported its first monthly loss, as bettors came out $13,735 ahead on nearly $370,000 wagered in April.

Retail sportsbooks in Deadwood continued to pay out winning NFL tickets, as operators posted a net loss of nearly $5,400. But where bettors pounded the book was in golf, which had been dominated by the house in the first seven months. Bettors collected close to $32,965 off only $14,295 wagered, resulting in a staggering -133.3% hold for the house.

Prior to April, operators posted an 89.9% win rate in golf, as they paid out only $648 on $6,435 wagered, and there was not a winning wager statewide until February for all of $9. It is the first monthly net revenue loss for a state with legal wagering since Delaware finished $969,519 under in December.

Chris Altruda

NO SURPRISE: College sports eye gambling money amid safeguard concerns [AP]

GET IT TOGETHER: MA bill sits in limbo as House leader wants college sports included [Mass Live]

DONE DEAL: White Hat Gaming strikes deal to provide iGaming content to DraftKings [CDC]

UNDER REVIEW: Iowa Gov. reviewing bill that implements two-year casino moratorium [INN]

NOW THATS A PROMO: Drivers line up for free gas giveaway at Snoqualmie Casino [KOMO News]

HIRED: FanDuel Group appoints Andrew Sheh CTO [Press release]

WORTHY CAUSE: OCPG announces Research Center funding opportunities [CDC]

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Get A Grip The Week In Sports Betting: Plenty In Motion - Sports Handle

ZK International Group Co ZKIN shares are trading higher Tuesday after the company announced a partnership with rapper and pop culture icon Nicki Minaj.

Minaj is set tobring her influence to the sports-betting world through a multi-year partnership with MaximBet, a ZK International Group portfolio company. The female rapper willwork with MaximBet on branding, merchandise, creative activations, partnerships and fan experiences thatbring together entertainment, sports, celebrities and betting.

"I'm ready to fully step into my potential as a young, influential Queen and owner and open doors for others to dream big," Minaj said.

ZK International Group has invested $25 million in MaximBet and currently owns a 16% stake in the company.MaximBet is currently live in Coloradoand is on track to launch in nine additional U.S. states, as well as inthe Canadian province ofOntario.

The companypreviously formed a partnership withNBA starDwight Howard and has expressed interestinattracting various artists and talents in similar exclusive deals.

Related Link:NFT Platform Announced By ZK International's XSigma: What Investors Should Know

ZK International Groupis aChina-based engineering company building and investing in innovative technologies for the modern world.

ZKIN Price Action: ZK International Group has traded between 85 cents and $5.64 over a 52-week period.

The stock was up 10.8% at $1.44 at press time, according to data fromBenzinga Pro.

Photo: Wikimedia Commons.

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Nicki Minaj Enters The Sports-Betting Space: Why ZK International Group Stock Is Rising - Benzinga - Benzinga

NEW YORK, June 01, 2022 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEOs of: NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR), Mullen Automotive (NASDAQ: MULN), AI/ML Innovations (OTC: AIMLF) (CSE: AIML), and DraftKings Inc. (NASDAQ: DKNG). Todays emerging technologies and lifestyle megatrends are creating billion dollar opportunities for disruptive innovation in how we live, work and play. Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead:

AI/ML Innovations (OTC: AIMLF) (CSE: AIML) Chairman, Tim Daniels: AI/ML Holds Key Patents for Multi-Billion Dollar Healthcare Wearables MarketAI/ML Innovations (OTC: AIMLF), a featured presenter at Wall Street Reporter's "Next Super Stock" investor conference series, recently updated investors on growth initiatives at AIMLFs portfolio of digital health businesses including HealthGauge, a wearable personal health monitoring & management system, using Artificial Intelligence and Machine Learning, and Tech2Heal a European mental health app innovator.

Of significant interest for investors is AIMLFs landmark patent position for wearable health monitors - which could position AIMLF to collect licensing fees and royalties on the $13.8 Billion global Smart Wearable Healthcare Devices (projected to reach $37.4 Billion by 2028. Source: Verified Market Research.) AIMLF is now starting to license its technologies to health wearables companies, and collecting royalties. With typical royalties of 2% of gross sales, AIMLF could potentially generate significant recurring revenues from companies infringing on its broad patent position in the nearly $14 billion health wearables market.

AIMLFs Health Gauge subsidiary, has recently been granted a patent by the United States Patent and Trademark Office (US Patent No. 11183303), titled "Wearable Health Monitors and Methods of Monitoring Health". The Patent covers Cardiovascular monitoring, Predictive health analysis, Behavioral analysis and 64 other claims, including use of multiple configurations of wearable health monitors, in conjunction with methods of analyzing bio-signals and monitoring health metrics (via Health Gauge's AI-driven software) for the purpose of assisting the user in achieving their personal health and wellness objectives.

Story continues

AIMLF is reporting advancing growth at its portfolio company Tech2Heal, a European mental health app innovator. Tech2Heal is positioned for explosive revenue growth as European healthcare mandates now provide about 2,500 Euro per patient annually for mental wellness. Tech2Heal has just signed with a French multinational manufacturer, to provide mental wellness support to their 170,000 employees globally, and additional Enterprise contracts are in the pipeline. Tim Daniels also updated investors on AIMLs growing pipeline of M&A opportunities in the HealthTech space, which could have a positive impact on maximizing shareholder value in coming months.Watch AI/ML Innovations (OTC: AIMLF) (CSE: AIML) NEXT SUPER STOCK Video: https://www.wallstreetreporter.com/2022/05/31/next-super-stock-ai-ml-billion-dollar-patent/

Mullen Automotive (NASDAQ: MULN) CEO David Michery: Solid State EV Battery Exceeding ExpectationsMullen Automotive (NASDAQ: MULN), an emerging electric vehicle manufacturer reports results of its solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana. Testing results from BIC show the solid-state polymer cell, rated at 300 Ah and 3.7 volts, tested at 343.28 Ah at 4.2 volts, exceeding expectation and in line with test tolerance from previous EV Grid test results. MULN CEO David Michery commented: Im impressed with the ongoing performance of the solid-state cell after going through multiple intense testing sessions from accredited testing facilities. The battery has performed exceptionally well, and Im pleased with the results from BIC in Indiana. Testing conducted at BIC, show MULNs solid-state polymer cell coming in at 343.28 Ah at 4.2 volts, which is in line with previously quoted test results from EV Grid. MULN expects this technology, when scaled to the vehicle pack level, a 150-kilowatt hour solid-state battery can deliver over 600 miles of range on a full charge for the Mullen FIVE EV Crossover. Mullen Automotive (NASDAQ: MULN) NEWS: https://www.wallstreetreporter.com/2022/06/01/mullen-automotive-announces-impressive-solid-state-polymer-battery-test-results/

NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) CEO Evan Gappelberg: On-Ramp to Metaverse & Web 3.0 for $5.5 Trillion E-Commerce MarketNexTech AR (OTC: NEXCF), a featured presenter at Wall Street Reporter's "Next Super Stock" investor conference series, recently shared with investors how NEXCF is emerging as a key player in the $5.5 trillion global e-commerce market transition to web 3.0 and the metaverse. NEXCF Augmented Reality solutions enable to view products in lifelike 3D, in their own living room. This AR shopping experience bridges the gap between the physical world, and what was once a flat 2D online e-commerce experience. NEXCFs AR shopping experience is a game changer for the 5.5 trillion global e-commerce industry (source: Statisa 2022).Watch NEXT SUPER STOCK (OTC: NEXCF) (CSE: NTAR) Video: https://www.wallstreetreporter.com/2022/04/06/next-super-stock-nextech-ar-otc-nexcf-cse-ntar-on-ramp-to-metaverse-web-3-0-for-5-trillion-e-commerce-market/

NEXCF AR solutions create billions of dollars in potential profitability and cost cost-savings for e-commerce leaders by driving +93% increases in click through rate, and -40% reductions in product returns. This value creation and ROI is driving growing demand and industry adoption of NEXCF AR solutions. Nearly 2 billion of the worlds population now shops online. Most importantly, over 72% of e-commerce is now done by mobile phone - a native platform for Augemented Reality apps like NEXCF. Global blue chip brands utilizing NexTech AR, include: Ford Mach EV, Kohls, CB2, Crate & Barrel, Pier 1, and Segway.

NexTechs AR solutions are rapidly becoming a must-have for e-commerce leaders to succeed in todays hyper-competitive market, where even marginal improvements in metrics like click-though and return-rates can mean the difference of billions of dollars to a companys bottom lineWere at an inflection point now, where industry demand and adoption for NexTechs AR is accelerating and going mainstream. As E-Commerce shifts to Web 3.0 and the Metaverse, the demand for AR/3D product models becomes essential. NexTech is emerging as the on ramp to the Metaverse and Web 3.0 for the $5.5 trillion e-commerce industry. With over 200 million product SKUs in e-commerce worldwide - NexTech has a potential revenue pipeline worth billions of dollars in coming years. Watch NEXT SUPER STOCK (OTC: NEXCF) (CSE: NTAR) Video: https://www.wallstreetreporter.com/2022/04/06/next-super-stock-nextech-ar-otc-nexcf-cse-ntar-on-ramp-to-metaverse-web-3-0-for-5-trillion-e-commerce-market/

DraftKings Inc. (NASDAQ: DKNG) CEO Jason Robins Growth Accelerating with New Products and Markets...We're off to a tremendous start in 2022. Customer acquisition in new states has been accelerating while continuing to pay back on a gross profit basis in the two- to three-year time frame. As of today, 10 states are either already contribution profit positive or on track to achieve that milestone in 2022. Overall, we expect DraftKings to be contribution profit positive for FY '22. And if we were to have frozen new state launches at the end of 2021, we expect that DraftKings would have been able to achieve EBITDA profitability as an enterprise in Q4 of this yearwe continue to see rapid expansion of the OSB and iGaming TAM in the U.S. This is being driven by both new jurisdictions legalizing OSB and iGaming as well as continued healthy growth in existing statesAdditional product features and functionality for our mobile sports betting and iGaming apps are driving increased customer retention and monetization as well as improved margins. Many of these benefits are now possible as a result of the migration to our in-house sports betting platform, which gives us the ability to diversify our bet types, optimize our in-game betting features and expand the breadth and depth of our content offeringWe continue to add breadth and depth to our mobile sports betting and iGaming products. As we have mentioned in the past, we believe that the long-term winners in this industry will provide the best product experience to customers.Draftkings Marketplace had another dynamic quarter as interest and demand continues to be strong. We sit at the intersection of Web3 and sports culture as the only company to offer digital collectibles, sports betting, daily fantasy and iGaming products. As the NFT space evolves, the broader DraftKings ecosystem will create more opportunities for our marketplace around utility gamification and custom offers that only we can provide. The fourth quarter featured drops from the Usain Bolt, Rob Gronkowski, Wayne Gretzky, Simone Biles, Tom Brady and Tony Hawk as well as SLAM Logo passes in the soft dome franchiseDraftKings Inc. (NASDAQ: DKNG) Earnings Highlights:https://www.wallstreetreporter.com/2022/03/09/draftkings-inc-s-dkng-q4-2021-earnings-highlights/

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Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. http://www.WallStreetReporter.com.Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: https://tinyurl.com/2x4eznd5

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CEOs of DKNG, AIMLF, NEXCF, MULN Driving Innovation, and Advancing New Multi-Billion Dollar Revenue Growth Opportunities in Sports Betting, EV...

May 24, 2020; Hobe Sound, FL, USA; NFL player Tom Brady of the Tampa Bay Buccaneers reacts after holing out from the fairway on the seventh during The Match: Champions for Charity golf round at the Medalist Golf Club. Mandatory Credit: Handout Photo by Getty Images for The Match via USA TODAY Sports

The Match returns on Wednesday, June 1st on TNT to entertain sports fans and bettors alike. It will be an all-NFL QB affair, with Josh Allen and Patrick Mahomes facing Aaron Rodgers and Tom Brady.

To get in to the action, all new users can unlock a $150 bonus with the DraftKings Sportsbook promo for The Match. All you need to do is click the banner below (or any link on this page) to register at DraftKings and bet $5 on either team.

New users just need to click the banner above to download the DraftKings Sportsbook app. Make a deposit and place your first wager of $5 on Allen/Mahomes or Brady/Rodgers and $150 is yours even if your bet loses!

For the first time, no professional golfers will be playing in the match. While all four quarterbacks find their teams near the top of the Super Bowl odds, on June 1st theyll be duking it out on the golf course. Sign up at DraftKings Sportsbook and bet $5 on either team to unlock 30-1 odds.

Whether your QBs win or lose the match, the $150 bonus will be credited to your account at the conclusion of the match.

After you make your bet on the winner, theres different kinds of props and special wagers you can make on the match. Prop wagers on hole winners, closest to the pin, tee shot distance and each quarterback to hit a hole in one are just some of the other ways to bet on golf and the Match 2022.

Getting set up at DraftKings Sportsbook is easy. All you need to do is click one of the links on this page, and youll be betting in no time:

This promo is operational in each DraftKings state, including New York, Arizona and Louisiana.

All odds as of June 1st at DraftKings Sportsbook

As you can see in the odds, Tom Brady and Aaron Rodgers are heavy favorites. According to the latest data from DraftKings Sportsbook, money is also heavily concentrated on the team of vets. 82% of the money and 72% of the vets expect the old guys to get the job done against Allen and Mahomes

You can bet on either side with 30-1 odds using the DraftKings promo for the Match 2022. Dont wait any longer, and get your bets in before Wednesday nights match begins!

NBA Golf NCAAF NCAAB Lead NBA Editor

Mitch graduated from Ryerson University's Sport Media program in June of 2018, and has been with SBD since 2019. He's worked in broadcast and digital for the Score, Sportsnet, TSN & CBC and has done play-by-play work for basketball at all levels including NCAA, Pan Am Games & U Sports.

NBA Golf NCAAF NCAAB

Mitch graduated from Ryerson University's Sport Media program in June of 2018, and has been with SBD since 2019. He's worked in broadcast and digital for the Score, Sportsnet, TSN & CBC and has done play-by-play work for basketball at all levels including NCAA, Pan Am Games & U Sports.

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Get This Betting Promo for The Match 2022 Bet $5, Win $150 on Either Team at DraftKings Sportsbook - Sports Betting Dime

Posted on: June 1, 2022, 11:25h.

Last updated on: June 1, 2022, 11:28h.

Another sports betting operator has decided to leave the US market. On Wednesday, theScore Bet announced it will stop taking bets in the four states where its licensed on June 15.

After that date, theScores customers will only be able to make withdrawals. All US wagering operations will cease by July 1 in Colorado, Indiana, Iowa, and New Jersey.

In an announcement to its US players, theScore said it will continue its wagering operations in Canada, where the sports media company is based. Last August, Penn National Gaming acquired theScore, giving it a second sports betting operator. It also operates Barstool Sportsbook, another sports media branded operator licensed in 12 states including Colorado, Indiana, Iowa, and New Jersey.

According to information shared with theScore Bet users, events that take place on or before July 1, such as the NBA and NHL playoffs, will be graded and settled accordingly. The operator said it recommends players withdraw the funds from their accounts before July 1. After that, theScore Bet will mail checks or issue ACH transfers to account holders.

Patrons whose address on file with theScore Bet is outdated should contact theScore Bets Customer Support team to update their address prior to July 1, 2022 to ensure checks are sent to the correct address, the FAQ stated.

In a statement, theScore President and COO Benjie Levy said Penns plans since the acquisition have been to let Barstool front the US market and theScore lead up north.

With theScore Bet launched and thriving in Ontario, and as we approach a major undertaking this summer with the launch of our proprietary risk and trading service, the timing is right to focus our US efforts on marketing Barstool Sportsbook and our Canadian efforts on marketing theScore Bet, he said.

The departure by theScore from the US market comes a few months after Churchill Downs Incorporated announced it would pull its TwinSpires brand out of the online sports betting business for now in the US. Churchill Downs CEO Bill Carstanjen said in February the company raised concerns about whether sports betting would ever be a profitable venture.

Penn National, though, shows no signs of pulling up. Rather, the move makes business sense, as theres no need for two sports betting brands under the same umbrella to compete in the same markets.

As Levy noted in his statement, besides focusing on growing the Canadian market, theScore will also wrap up work on its risk and trading platform. According to information from Penn Nationals first-quarter earnings presentation last month, theScore expects to transition to its proprietary platform by the third quarter of this year.

As that work goes on, Penn National will look to integrate Barstool Sportsbook onto theScores platform.

Sometime later this year, US users of theScores sports media app will be able to use that app to make bets through Barstool. That would be identical to the integration theScore Bet had with theScore media app. Then in 2023, Penn National faces a deadline of acquiring the remainder of Barstool Sports. It bought a 36% stake in the media company founded by Dave Portnoy in January 2020.

If all goes to plan, Barstool Sportsbook is expected to switch over to theScores account management and trading platforms in the third quarter of 2023.

Bringing together theScores powerful sports media platform with Barstool Sportsbook, supported by our in-house technology, will strengthen the overall US product offering and broaden its reach, Levy added.

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theScore to Pull Its Sports Betting App from US Markets on July 1 - Casino.Org News

Online sports betting is now legal in 30 states, and Texas could be the next state to join them. The effort to legalize Texas sports betting was halted in 2021, but there is a strong belief that Texas online sports betting could become a reality in 2023. There is even one candidate for governor who said he will back Texas mobile sports betting if he is elected. Since Texas loves its sports teams so much, there is little doubt Texas online sportsbooks will be successful. If Texas sports books get the green light, sports fans across the state will be able to take advantage of many Texas sports book sign-up offers and Texas sports book promo codes. With so many sports to choose from and so many promo offers out there, online sports betting in Texas is sure to be a big hit.

Before Texas online sportsbooks get the go-ahead, new bettors should be familiar with common online sportsbook terminology. Here is a guide to sports betting terms from our friends at SportsLine that will help you get ready in case Texas online sportsbooks become a reality.

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.

Handle: The handle is the total amount of money taken in by a sports book for a particular event and it includes every type of wager.

Live-betting: Texas online sportsbooks will let you wager on your favorite sports in real-time thanks to live in-game odds updates. During the baseball season, online sportsbooks in Texas will let you wager on live-updated totals or even the outcome of the next at-bat. With both Houston and Texas playing competitive baseball, there will always be an opportunity for Texas sports fans to place exciting live bets on the home teams.

Parlay: Parlays are popular because they offer sports bettors a chance to win big with a minimal investment, and they are exciting because the risk is higher. Parlays involve the selection of two or more propositions on a single wager, and all of the teams must win for the bet to become a winner. For example, if you pick five pro baseball teams on a parlay, then all five teams must win for the bet to be a winner.

Teaser: This method pays lower odds than a parlay, but remains popular because handicappers still find them profitable. Teasers are a variation of point-spread betting in which they allow the bettor to increase the point value of their selected team. This method is very popular for betting on pro football. For example, let's say Dallas and Houston are both seven-point favorites and you think they will win their games but you are unsure if they will cover the spread. Using a six-point teaser will drop each team to a one-point favorite, meaning they only need to win by two points for your bet to be good.

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.

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 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, new promos - CBS Sports

JEFFERSON CITY, Mo. Its legal in nearly all of Missouris surrounding states to place a wager on college and professional sports teams, but the chips are stacked against the Show Me State.

The odds of legalizing sports betting at the beginning of the session in January were high, but once May rolled around, Missourians placing bets on their favorite sports teams became a long shot. Some of it is due to Senate Republicans not agreeing. Some are already working on a plan for next year.

Youre going to have unfinished business, Senate Majority Leader Caleb Rowden (R-Columbia) said. You dont get to do 15 big things in a year. Its just never going to be that way.

Legally betting on the Kansas City Chiefs or the St. Louis Cardinals has been put on hold for another year in Missouri. Back in March, the House passed legislation to allow anyone 21 and older to legally place wagers on colleges and professional sports teams online or at side sports venues and casinos.

Back in 2018, the Supreme Court struck down a federal law against sports betting. Since then, roughly 30 states have legalized it, including Illinois. Earlier this month, Kansas Gov. Laura Kelly signed legislation into law, legalizing it in the Sunflower State. Missouris governor says hes indifferent.

It depends whether you want sports betting or not, whether its a failure, Gov. Mike Parson said. I mean, I dont know about that. Everybody has an opinion and whether it goes through the legislative process, thats up to the legislators. I dont know if thats disappointing one way or another.

Members, especially Republicans, in the upper chamber couldnt find a path forward. A big hurdle is what to do with video lottery games like slot machines.

The attorney general has turned a blind eye to this issue and lets this continue on, Senate President Dave Schatz (R-Sullivan) said. There are millions of dollars every day going through thats not getting into the hands of the taxpaying base in this state that should be going to education.

Lawmakers call them grey machines. Its been a priority for Schatz over the years to get rid of the unregulated illegal slot machines that have been popping up in gas stations. These slot machines contain no consumer protections and can say that someone will win two out of every 100 times, but there are no laws regulating that.

There are people who are living off the backs of people that are benefiting from illegal gaming on the 25,000 plus games that are going on throughout this state right now, Schatz said. If Im disappointed in one thing that didnt get done, thats one thing that needs to be stopped in this state.

Sen. Denny Hoskins (R-Warrensburg) has been filing legislation and working to legalize sports betting for years in the Show Me State. He says there are roughly 20,000 grey machines in Missouri. In the Senates version of the bill, 5,000 video lottery games would be allowed in the state with no more than seven per location in truck stops, fraternal and veterans clubs, and the entertainment districts around the six sports venues where the states professional teams play.

Shortly after the debate started, an amendment offered by Sen. Mike Bernskoetter (R-Jefferson City) would remove those lines from the bill, doing away with all slot machines. This is where debate ended in the Senate and with session now over, leaving members until next year to try again.

Another barrier to sports betting in the upper chamber the tax rate on wagers. The Senates version increased the wagering tax to 10% compared to the 8% the House approved. Hoskins said that during discussions in the final weeks with stakeholders, it wasnt enough for the casinos.

The casinos want a golden ticket, Hoskins said. They want all the revenue to themselves and dont want to provide the kind of revenue we need to help fund our veterans homes. Casinos basically killed this because of their greed.

He said casinos were offered a 15% rate during the final hours of session but wouldnt accept it. Compared to Missouris surrounding states, Illinois is up to 17%, Nebraska and Tennessee are 20% and Arkansas is between 13% and 20%, according to Hoskins.

I think were going to see a lot of states realize that the casinos are getting really rich on this and its causing a lot of problems that those stakeholders, such as casinos, are not paying into the state to help out mental health when in regard to problem gambling, Hoskins said.

Other Republicans in the Senate, think expanding gambling only causes more burden on the state.

This is detrimental to society, Sen. Bill White, R-Joplin said. How many more people are we going to have that are going to need some sort of assistance because someone spent a little too much money on any of these forms of gambling?

White said he also sees grey slot machines at gas stations when he stops on his drive from Joplin to Jefferson City.

What are the social costs dealing with this? White said. How much money isnt going home.

Hoskins said all of Missouris professional sports teams were on board with legalizing sports betting, but it was the casinos who werent. Hes going to use the summer to talk with stakeholders on both sides, with the goal of lawmakers addressing the topic again next year.

According to the National Council on Problem Gambling, around 92,000 Missourians are currently struggling with a gambling problem, ranking Missouri 33rd out of 50 states. Last year, there were 4,000 calls and texts to the National Problem Gambling Hotline from Missouri.

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Why sports betting never made it to Gov. Parsons desk this session - KTVI Fox 2 St. Louis

Colorado is set to become the first state to get rid of tax write-offs for sports betting promos.

In a move to raise more revenue for the state, Gov. Jared Polis is expected to sign a bill (H.B. 22-1402) that gradually reduces tax write-offs for sportsbooks. Currently, sports betting companies in Colorado can write off as much as they desire from their taxable revenue, as long as it comes from free bets.

Thats anything from a free $1,000 deposit match to boosted odds on a basketball team to score at least one point, regardless if the sportsbook loses or not.

The bill, which passed the House 50-15 and Senate 25-8, also earmarks an extra $3 million a year for problem gambling treatment.

In Colorados two years of legal sports betting, the state has made $17 million in revenue off its 10% tax. Sportsbooks, however, have made $408 million, which means about $23 million has gone untaxed and makes the real tax rate more like 4%.

That money is earmarked for the Colorado Water Plan, which was promised about $16 million a year from sports betting when voters legalized it.

Starting Jan. 1, 2023, no more than 2.5% of an operators monthly betting handle may go untaxed as free play.

That number decreases by .25% every year until 2033, when free play write offs will be gone entirely.

The tax perk was designed to make it easier for sportsbooks to induce people to bet in newly legal states.

Some states like New York dont allow it at all while others, like Virginia and Louisiana, have tried to get rid of it, though their attempts have failed.

Those two states, like Colorado, have seen tax revenue fall short of initial projections.Virginia generated $20 million in sports betting taxes in 2021, while its less populous neighbor, Tennessee, made nearly $40 million off of a similar tax rate.

By 2023, Colorado will have had sports betting for over a dozen years. While free play will likely continue, at that point itd be hard to argue its value to the state.

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Colorado Becomes First State to Nix Sports Betting Tax Write-Offs - The Action Network

Players in Colorado spent $392.3m (310.2m/364.7m) wagering on sports in April, a year-on-year increase of 60.5%, while revenue also jumped 28.4% to $22.6m.

The states handle was comfortably ahead of $244.4m inApril last year, but 22.4% behind the $505.6m bet by consumers duringMarch of this year.

Of this total, $389.1m was spent wagering online, while $3.2m was bet at retail sportsbooks across the state.

In terms of gross gaming revenue, this was up year-on-year from $17.6m in April 2021, but 19.9% lower than $28.2m in March this year.

Online betting was responsible for $22.2m of this total with the remaining $379,972 coming from retail sportsbooks.

Breaking down performance by sport, basketball drew the most wagers, with the $146.4m spent by players representing 37.3% of all wagers placed during the month.

Baseball ranked second with $69.9m in total bets, or 17.8% of all wagers in April, then ice hockey with $26.0m, corresponding to a 6.6% share. Some $73.4m was also wagered on parlay bets.

Players won a total of $369.7m from sports betting during the month, while the state was able to generate $1.2m in tax.

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Colorado sports betting and revenue up YoY in April - iGaming Business

Not long ago, sports bettors had few options when wagering on NBA games. For the most part, you could evaluate the odds and put down some action before things tipped off or at the start of the second half. In the past few years, sports betting has evolved to a point where live betting at virtually all points during games has increased in popularity and is now commonplace.

Novice bettors arent always comfortable live betting, nor do they understand the best tactics to beat the in-game lines. Below, well break down three worthwhile strategies to help bettors understand the live betting process.

In a nutshell, live betting, or in-game betting, allows bettors to make wagers on games after the game has started. Live betting odds will fluctuate throughout the course of a game with changes to the moneyline, point spread, and total occurring after every shot taken. While there arent as many options for bettors in live betting markets as there are pre-game, the following bet types exist at most, if not all sportsbooks:

Moneyline:Simply, a wager on which team will win the game. A moneyline bet, in essence, is an implied win probability. For example, a team whose live odds sit at -150 implies it wins said game at a 60-percent clip. If youre curious about what odds correlate to what implied win probability, check out this moneyline converter from Boyds bets.

Point Spread: A wager on the difference in the number of points between the two teams at the end of the game.

For example, a -3.5-point favorite in an NBA game must win the game by four or more points in order to win the bet. Conversely, an underdog can lose the game outright, but if it stays within the point spread, the bet still wins. Betting on an underdog of +3.5 points in an NBA game will win if the team loses by three or fewer points.

Total:Also referred to as the over/under, a total bet is a wager on the number of points scored relative to the over/under line. If a total on a game is set at 215.5 points, a wager on the over means 216 or more points must be scored in order to win the bet. A wager on the under of 215.5 total points means 215 or fewer points must be scored in order to win the bet.

In terms of navigating legal U.S. sportsbooks to make live bets, all sportsbooks have their live betting odds under a tab titled "live" or "in-game." The live odds will refresh on their own, and sometimes its a challenge to get your bet in before the live markets alter.

While live betting is not an exact science, understanding these concepts can help bettors gain an advantage in winning their bets.

Utilize the closing line as a marker: The closing line is the last line available before betting markets close prior to tip-off. Historical data has shown that the closing line is the best indicator of the outcome of a game. This makes sense, as more information (injury status, sharp betting money, etc.) becomes known as game time approaches, which causes the moneyline, point spread, and total to sharpen up.

For example, in Game 1 of the 2022 Eastern Conference Finals, the Heat closed as consensus five-point favorites after opening as shorter two-point favorites. The Celtics were without two key starters (Marcus Smart, Al Horford). Smart and Horford have an impact on the implied win probability for the Celtics, and without them on the court, the Heat have a better shot of winning the game outright and by several points.

Given the volatility in NBA games, the Heat found themselves trailing by 13 points with 5:37 remaining in the second quarter. If making a live bet on this game utilizing the closing line as a marker, at that point the Heat were around a +6.5-point underdog. Making a live bet on the Heat +6.5 made sense. The Heat erased the double-digit deficit, winning the game 118-107 and covering the closing line of -5 points.

Its important to note that sometimes the closing line can be a misleading marker, primarily when injuries occur, which brings us to our next tip.

Monitor in-game injuries: In-game injuries can present opportunities to take advantage of live odds. When a key player goes down mid-game, it takes a bit of time for the live odds to factor in that players impact on the money line, point spread, and total.

Back in the first round of the 2022 Western Conference playoffs, Suns guard Devin Booker left Game 2 against the Pelicans with a right hamstring injury. At the time of the injury, the Suns trailed the Pelicans 77-74 with 4:47 remaining in the third quarter. Following the injury, the Suns were unable to come back, losing by a final score of 125-114.

A star like Booker obviously stands out more, but even a key role player could have a big effect on a team's ability to maintain a lead or come back from a deficit. You don't want to jump to conclusions and immediately live bet as soon as you see a player down on the floor for a few seconds, but you also shouldn't completely ignore the telltale signs of a serious injury either.

Sometimes, you'll get burned, like when Marcus Smart and Jayson Tatum both looked seriously injured -- only to return minutes later -- during Game 3 of the Eastern Conference Finals, but if youre paying close enough attention, taking advantage of how an in-game injury will impact the final score can be a profitable endeavor.

Understand teams rotations: With NBA games being 48 minutes in length, there are times in which teams star players and starters are not on the floor. Coinciding with utilizing the closing line as a marker, a double-digit difference, say, early in the second quarter, of an NBA game doesnt mean the trailing team is in panic mode.

This allows for an opportunity to make a live bet, likely on a pre-game favorite thats trailing, knowing it will bring back its key players for the more important stretches of the game. This is especially true in the postseason, where starters play extended minutes, particularly in the second half when theyre needed most.

Live betting brings an entirely different way to wager on NBA games. It allows you to adjust to new information that might not have been available (or widely known) before tip-off.Sticking to the basic live-betting strategies above should help you cash some tickets and enjoy a more dynamic betting experience.

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How to live bet NBA basketball: Tips, strategies to beat the in-game lines - Sporting News