Category Archives: Sports Betting

Partnership deals, mergers and acquisitions are a common occurrence in the U.S. sports betting, with no signs of slowing down soon. Tipico Sportsbook and Caesars Entertainment are the latest conglomerates to reach a deal.

The deal between Tipico and Caesars is scheduled for ten years, and it will be for the Indiana and Iowa sports betting markets. Tipico will be able to launch a sportsbook in both states because of a partnership with Caesars properties in each state.

In Indiana, Tipico secured market access through a partnership with Harrahs Hoosier Park Racing & Casino. In Iowa, the sportsbook partnered with Isle Casino Hotel Bettendorf. The deal includes sports betting and access to the iGaming market, which is turning into a massive segment of the gambling industry.

Tipico U.S. CEO Adrian Vella was quoted in a press release following the deal earlier this week. He said, We are excited to announce Tipicos multi-state market access partnership with Caesars Entertainment, which marks an important step as we continue to expand our U.S. footprint. We look forward to establishing our brand presence in the midwest and introducing our highly scalable, proprietary multi-state sports betting experience to players in Indiana and Iowa.

Tipico will launch the sportsbook in Iowa during the fourth quarter of 2021. The Indiana platform will be on hold until the first quarter of 2022. The sportsbook is currently live in Colorado and New Jersey, so it will be in four states by 2022.

Tipico executives have already announced the plan to continue growing in the United States market. America is very lucrative, and the industry is still young, so this is a typical plan amongst international books.

Stephen Krombolz, Tipicos VP of Business Development and Strategy, was also quoted in the press release. He said, This new market access agreement with Caesars Entertainment is another exciting step forward for Tipico as we continue to connect with more U.S bettors. Indiana and Iowa are key states in our early expansion plans, but there is certainly more to come, and we look forward to announcing additional partnerships later this year.

Tipico, which is based out of Germany, has made multiple big deals in the United States since entering the market. In July, the sportsbook partnered with Gannett, the company that owns USA Today and USA Today Sports Media Group.

This gave Tipico exclusive access to the content to promote its platform. This deal was established for five years, and it made the sportsbook the exclusive partner for odds, props, free games, and iGaming.

Tipico launched in Colorado on Thursday, so it has been an exciting week for the platform. The book went live for the first day of the NFL season and offered a $750 deposit match to new users in the state. Captivating users and elevating their betting experience is at the core of Tipicos development and growth plan, and were proud of the capabilities that our app and our proprietary technology stack offers, Vella stated.

The next launch for Tipico will be its online casino platform in New Jersey later in the fall.

Ayden loves sports. There is no doubt about that. He is a walking calendar when it comes to the latest events in sports. He has grown into the passion of writing about them, and settled into his role as a writer after many freelancing jobs. He can write about any sport out there! This is the guy!

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Tipico and Caesars Reach Sports Betting Deal - USBettingReport

CHICAGO, Sept. 15, 2021 /PRNewswire/ --Starting this month,Rush Street Interactive, Inc. (NYSE: RSI)("RSI"),a Chicago based gaming and betting company, is premiering city-specific sports betting audio and video podcasts across the U.S. for BetRivers and PlaySugarHouse brands.These locally-focused sports betting "CityCasts,"are airing weekdays on multiple platforms to deliver news, analysis and insights to help sports bettors make more informed wagering decisions.

"These CityCastsare locally focused, which is consistent with our strategy to offer our players Hometown Sportsbooks, and offer authentic and credible breakdowns specific to each host's home market,"said Richard Schwartz, CEO of RSI, which operates BetRivers. "The hosts' expert analysis will assist BetRiversand PlaySugarHouse bettorsin making knowledgeable sports betting decisions, whether they're experienced or brand new to the action."

Featuring some of the industry's most knowledgeable sports betting experts, CityCasts take an in-depth look into local teams, players and schedules to provide a unique view into the latest betting lines and what's moving them. The hosts, along with BetRivers and PlaySugarHouse bookmakers, set the stage for the day's biggest sporting events with local sports betting content that informs and entertains the growing number of Americans betting on sports.

RSI's CityCasts are currently live in:

Chicago - Chicago CityCast Archives | BetRivers Blog

Detroit - Detroit CityCast Archives | BetRivers Blog

Pittsburgh - Pittsburgh CityCast Archives | BetRivers Blog

Philadelphia- Philadelphia CityCast Archives | BetRivers Blog

Each CityCast selectively sources area talent and production staff to ensure a local lens for each city's content. Now live in Chicago, Detroit, Pittsburgh and Philadelphia, CityCasts will soon launch in the coming weeks for New York, Denver, Washington D.C., and Los Angeles, with other markets potentially to come in the future.

The new BetRivers podcast series is produced locally in each city five days each week and available in both audio and video formats across multiple platforms, including Home | BetRivers Blog,VSiN's website, iHeart Media, Apple Podcasts, Spotify and others. Local talent highlight what's happening in their city, sharing expert tips and predictions across the NFL, NBA, NHL, MLB, college sports and special local events.

Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. RSI's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, RSI's expectations about its arrangement with VSiN and the anticipated contents, benefits and timing of the CityCasts. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside RSI's control and are difficult to predict. Factors that may cause such differences include, without limitation, changes in applicable laws or regulations, unanticipated product or service delays, and other risks and uncertainties indicated from time to time in RSI's most recent Annual Report on Form 10-K, including those under "Risk Factors" therein, and in RSI's other filings with the SEC. RSI cautions that the foregoing list of factors is not exclusive. RSI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. RSI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

About RSIRSI is a trusted online gaming and sports entertainment company focused on regulated markets in the United States and Latin America. Through its brands, BetRivers.comand PlaySugarHouse.com, RSI was an early entrant in many regulated jurisdictions and is currently live with real-money mobile, online and/or retail operations in ten U.S. states: Pennsylvania, Illinois, New Jersey, New York, Michigan, Indiana, Virginia, Colorado, Iowa and West Virginia. RSI is also active internationally, offering its online casino and sportsbook in the regulated gaming market of Colombia on RushBet.co. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2020 Global Gaming Awards Digital Operator of the Year and the 2021 EGR North America Awards Casino Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year. RSI is committed to industry-leading responsible gaming practices and seeks to provide its customers with the resources and services they need to play responsibly. For more information, visit http://www.rushstreetinteractive.com.

SOURCE Rush Street Interactive

http://www.rushstreetinteractive.com

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Rush Street Interactive Launches Innovative Hyper-Local Sports Betting "CityCasts," Around The US For Its BetRivers And PlaySugarHouse...

Football accounts for about one-third of the business for sports betting, meaningthestart of the NFL season will likely translate into a jump in sports wagering activity after a summer slowdown.

If there wasn't a football season, numbers would drop by about a third, said Eric Ramsey, lead data analyst for Play USA, a website that tracks the gambling industry.

Sports wagering is now legal in 26 states, according to the American Gaming Association.

That's up from 18 states with legal sports betting at the start of last year's football season. And some of the biggest markets in the U.S., including California and Florida, are moving toward legalization, with New York planning to adopt mobile sports betting at some point.

Pennsylvania is now the fourth-largest sports betting market in the country behind Nevada, New Jersey and Illinois.

Sports bettors placed $304 million in wagers at Pennsylvania casinos or online in July, almost twice as much as theyd bet in July of 2020 when there was $165 million in wagers placed.

July has traditionally been a slow month for sports betting since there arent many sports being played. Though this year, the Olympics seemed to provide an opportunity for a midsummer boost.

Even with the Olympics, sports wagering was down in July compared to June when there were $420 million in wagers placed. The Gaming Control Board has not yet released August data.

July is typically the very slowest month of the year, just not a lot going on in the calendar. It's really the most dead time for sports. We thought maybe Olympics might give it a little nudge this year, but really didn't see much of that. Everyone was down 20 or 30 percent, Ramsey said.

In the fiscal year of 2020-21, July of 2020 was the worst month. Betting peaked in January at $615 million in handle the only month in which the total amount bet topped $600 million, according to reports from the Gaming Control Board.

One-third of the total handle $108.5 million in bets was placed by bettors through the Valley Forge Casino. And 98 percent of the handle at Valley Forge came from online bets just under $107 million, according to the Gaming Control Board data.

Statewide, 90 percent of the sports betting in July was placed online, according to the Gaming Control Board.

Nationally, mobile betting accounts for more than 80 percent of sports betting revenue, much of it occurring live as games are underway.

The NFL, which along with other professional leagues once strenuously fought against the legalization of sports betting, now allows seven sports betting companies to advertise during games, and teams in various sports have inked deals with companies to become official sports betting partners, including deals announced Wednesday involving the Baltimore Ravens and the New York Jets.

Media companies continue to tie the knot with gambling firms, seeking synergies among gamblers who want to bet but also read and watch as much as they can about sports. Sports Illustrated has launched a sportsbook and the Wall Street Journal reports that ESPN is considering a $3 billion deal to license its brand to one or more sportsbooks. Even sports merchandise retailer Fanatics plans to launch a sports betting app.

The ever-increasing competition is making it more difficult to win or hold onto a piece of the pie for sports betting companies.

"Market share will be harder and harder to retain over time as more entrants come in," said Matt Prevost, chief revenue officer for BetMGM. "But more states have come online in the last 12 months and are (new) markets for us."

"Competition is fierce," added Johnny Avello, head of the sportsbook for DraftKings. "There's a lot of players in the game now."

Said David Schwartz, a gambling historian with UNLV: "The cost of entry is going up as it becomes harder to displaced established entities, which have first-mover advantage as well as the benefits of strategic partnerships. But, if the product is good, bettors will respond to it."

John Finnerty reports from the Harrisburg Bureau for The Meadville Tribune and other Pennsylvania newspapers owned by CNHI. Email him at jfinnerty@cnhi.com and follow him on Twitter @cnhipa.

We are making critical coverage of the coronavirus available for free. Please consider subscribing so we can continue to bring you the latest news and information on this developing story.

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Start of football seasons expected to boost state's sports betting - Meadville Tribune

What sets the betting industry apart from its rivals is its ability to embrace technology. When you register with an operator, you instantly get access to a wide range of services that enhance the user experience. However, you need to understand how to use the software if youre going to exploit it for your gain.

Your goal is to be successful more often than not, which is harder than it sounds. Sports are gifts and curses because part of what makes them entertaining is unpredictability. As a result, anything can happen when you place a wager. Leveraging tech is the key, and heres how to do it to improve your sports betting game.

Download Mobile Applications

Apps are everywhere nowadays. If youre wondering how it will change your sports betting experience, the reality is that most of the elements will stay the same. For example, the apps promos and odds arent different from the websites. But mobile applications are revolutionary because they make sportsbooks available 24-7.

Apps are intuitive and easy to navigate, for starters. Without accessibility, you cant place wagers at a moments notice. Secondly, the best betting apps include the latest stats and information, such as form or injuries to star players. Thirdly, bets can be confirmed with a click of a button. These features combine to make sure you have everything you need to take advantage of markets from anywhere in the world at any time.

Use Cryptos Where Possible

Placing a bet is the foundation of success. If you cant do this most straightforward of activities, you dont have a sports betting strategy to speak of. Although this sounds obvious, lots of people struggle to find legal alternatives because sports wagering is still unlawful in some countries and states.

This is where cryptocurrencies are helpful, since they are anonymous. By signing up to an offshore platform, which is usually allowed anyway, you can open an account and remain off the grid. Dont be worried by offshore operators as several of them are major brands, such as the main European sports betting providers.

Make In-Play Bets

When you think about it, selecting a host of teams before you know how they will play is illogical. A quality side may have an off day and be two goals or 20 points down within ten minutes. Your wager is pretty much finished if this happens, which is why in-play sportsbooks are essential.

In-play markets show you the odds based on the situation. So, the game may be deadlocked and the odds the same. Alternatively, the home team may be one down, making you rethink your initial theory. Logging into your account and streaming the game live is another way to keep abreast of potential bets and react accordingly.

Research Bonuses

Bonuses, particularly welcome offers for new customers, are integral to the industry because its very competitive. In 2020, the US sports betting market generated revenues above $1 billion, with the figure due to multiply by six by 2023. Without promos, operators cant stand out from the crowd.

Indeed, the best way to supercharge your sports betting game may be to use someone elses money! However, you should be aware that most bonuses and promotions come with small print which restricts how and when you can withdraw any earnings accrued from them.

Its a good idea to always watch out for the latest developments, as the next piece of tech to hit the market may transform the way you place sports wagers.

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How to Use Technology to Improve Your Sports Betting Game - American Football International

Robert Linnehan | 2 days ago

In a small, but necessary, step towards the Maryland sports betting launch, the Maryland Lottery and Gaming Control Commission (MLGCC) today opened its eLicensing platform to the 17 entities that were named in Marylands sports wagering law.

These 17 entities will be able to submit applications on the online platform for necessary background checks. If approved by the MLGCC, the entities can receive interim sports betting licenses and then being taking in-person sports bets.

We anticipate that some of the 17 specified locations may be able to start taking sports wagers late this fall or early this winter, in time for the NFL playoffs, said MLGCC Director John Martin in a release. Were actively working to expedite the process.

The MLGCC may issue interim licenses to brick-and-mortar applicants that hold gaming or sports wagering licenses from states where the background investigation standards are equivalent to those in Maryland. If the entities are found to have disqualifying factors during the MLGCCs background checks, the interim licenses can be revoked.

The MLGCC will begin investigations of the 17 named entities once they have submitted their applications via the eLicensing portal.

Here are the 17 entities listed in the Maryland sports betting bill:

Casino Licenses

Professional Sports Stadium Licenses

Racetrack Licenses

OTB Locations

Commercial Bingo Halls (with at least 200 machines)

While retail sports betting is being worked out, the application and allocation process for online sports betting licenses has not yet been determined.

Without a set application procedure from the Sports Wagering Application Review Committee (SWARC) its hard to set a timeline on when licenses will be awarded, an MLGCC representative previously told Saturday Tradition.

The role of SWARC is to establish the license application process, award all sports wagering licenses, establish special considerations for Class B and online sports betting licenses and ensure the allocation of licenses are spread equitably across the state. SWARC has yet to set a timeline or process for sportsbook operators to apply for online sports betting licenses.

An FAQ section on the MLGCA website sheds some light on the potential online sports betting license process, as the agency said the issuance of licenses (including online licenses) for entities not listed in the original sports bill may take between 12 to 24 months:

Some of the entities named in the Sports Wagering Law may have their brick-and-mortar sports wagering operations up and running during the fall of 2021. For a business that is not named in the Sports Wagering Law, the review by SWARC and a licensing background investigation could take between 12 and 24 months from May 2021.

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Maryland in-person sports betting may launch in late fall, early winter - Saturday Tradition

Arizona, as youre probably aware, sports betting is now live in your state!

But theres a good chance you havent yet taken advantage of all the free money (and Cardinals gear) you can grab from sportsbooks and theres a lot of it.

Heres whats being offered for Thursday Night Football:

Check out the details on each offer below.

Bet now: Click here

Washington is favored by about a touchdown at home in Week 2, but why take any chances?

No matter what the result of your bet on Thursday Night Football is, youll get $200 from DraftKings with this insane promo. You dont even need to wait to see if your wager hits!

To take advantage:

Click here

Note: You can place a first-time wager of $1+ on any NFL Week 2 game to be rewarded instantly with $200 in additional free bets. This game is being used as an example.

If your original bet hits, you win that too!

Dont snooze on this no-brainer of a welcome offer. Head on over to DraftKings so you can boost your bankroll before the end of NFL Week 2!

Bet $1+, Win $200!

Bet now: Click here

The over/under for Thursdays primetime contest is sitting at 42 total points.

If my math is correct, that projected point total would amount to about six touchdowns between New York and Washington. And thanks to this promo from BetMGM, you can win $200 if either team finds the end zone just once!

To take advantage:

Click here

Note: You can place any first-time moneyline wager of $10+ and be rewarded with $200 in additional free bets if that team scores a TD. This game is being used as an example.

If your original bet hits, you win that too!

Dont snooze on this no-brainer of a welcome offer. Head on over to BetMGM so you can boost your bankroll before the end of NFL Week 2!

Bet $10, Win $200 on a TD!

*DC users must be within 2 blocks of Nationals Park to access the promo.

Bet now: Click here

Whats better than getting the weekend started early with a Giants-WFT Thursday Night Football matchup?

How about earning a free $200 while you watch?

To cash in:

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Note: You can place a first-time wager of $100+ on any NFL moneyline, and youll be rewarded with $200 in additional free bets if your chosen team scores a TD.

Now that you can bet on sports in Arizona, this promo is the perfect way to get a head start! Head on over to Unibet before the season kicks off on Thursday!

Win $200 on a TD!

Bet now: Click here

You probably recognize the name thanks to its longstanding reputation in the casino industry, and now Caesars has made its move into the sports betting world as well.

To take advantage of their ridiculous welcome offer to Arizona bettors

Click here

Note: You can redeem the risk-free bet on any game this week. Giants-WFT is being used as an example. Your NFL jersey will come in the form of a $150 gift card to NFLshop.com.

If your bet wins, its time to celebrate. And if it loses, no worries! Youll be refunded the full amount in the form of free bets.

So what are you waiting for? Youve got nothing to lose and a whole lot to win!

Head over to Caesars today.

Get $5,000 risk-free and a new jersey!

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Arizona Online Sports Betting Promos for Giants vs. WFT: Collect $600+ on Thursday Night Football! - The Action Network

New Jersey regulators were virtually all alone in a brave new world back in late 2013 when the state allowed the launch of legal online casino sites.

Nevada had recently begun permitting online poker, but the ubiquity of brick-and-mortar casinos nearby for most of that states residents made it a niche product. Same for Delaware, which launched almost simultaneously with New Jersey but only via a state lottery-run platform.

New Jersey allowed multiple gaming companies to market their product in the state, leading to advertising oversight challenges.

State Division of Gaming Enforcement Director David Rebuck reminisced about those days Monday during a power lunch panel called The Dos and Donts of Advertising and iGaming. The discussion was sponsored by the GeoComply geolocation firm and the iDevelopment and Economic Association, a nonprofit association that seeks to grow online gambling in the U.S.

For the first two years of online gambling in New Jersey, I made my staff review and approve every promotional plan that was going to be offered to customers, Rebuck recalled. It was overwhelming.

We thought that after two years, wed at least have people understand what our expectations were on promotions, and we needed to move people off such direct oversight, Rebuck added. Now, instead of the proactive way, we react.

With nearly two dozen sports betting operators now active in New Jersey since the first mobile sportsbooks launched in mid-2018, Rebuck wonders if the newer industry is willing to self-police to a sufficient level, given the volume of aggressive advertising.

Do I have to go back to what I did in 2014 and 2015, and even into 2016, and say, Sorry, companies, no promotions unless it is first approved by the state of New Jersey? That would be a very challenging responsibility for the state, but if I am forced to youre gonna do it.

So how can operators avoid such a high level of state oversight? Rebuck offered some tips.

Dont allow your marketing staff to operate unchecked. They can get you in a lot of trouble, because they have different objectives and different views on how to do things.

We understand that there are business needs, and they want to attract people and they want to be creative, Rebuck added. But it is incumbent on the company to understand that, if they act unchecked, it will be checked but checked in a way you wont be happy with, and much different than the way it is today.

Rebuck referenced what he called the fantasy sports ad wars of 2015, when DraftKings and FanDuel battling for market share of the burgeoning daily fantasy sports industry figuratively wallpapered televised sporting events with commercials.

The backlash that occurred at that time, Rebuck said, should be kept in mind today by potentially overzealous sports betting operators.

If the industry does not step in and control itself, the government will step in and create standards that they may not want, Rebuck said.

Strict regulations that exist on tobacco and alcohol advertising, Rebuck said, could be a lesson to be learned for gaming companies in taking precautions to avoid promoting themselves to underage individuals or those in the at-risk gambling category.

As a regulator, something I deal with constantly is the accuracy of promotions, including billboards and mass mailings, where the message sometimes is hard to understand.

Heavy criticism of rampant gambling advertising in the United Kingdom is something to be noted by American companies, Rebuck said, although he added that the gambling culture across the pond is significantly different than here.

While groups opposed to gambling legalization might not raise an eyebrow within the industry, Rebuck recommended paying attention to others with valid concerns.

In the state of New Jersey, one of the strongest advocates supporting gaming [legalization] was Senator Ray Lesniak, Rebuck said of the now-retired Union County lawmaker. But when I hear from him, hes calling me about advertising, and an ad that he thinks might be inappropriate and that is from a person who is a huge advocate of allowing for legal online gambling in the U.S.

(When notified of Rebucks comment by njonlinegambling.com, Lesniak replied, Cool Ive expressed my concerns to him.)

The industry needs to pull themselves together and establish best practices, Rebuck advised. Id rather have them come to me, [saying] that These are what we believe are best practices.

You shouldnt be waiting for regulators to drive the bus on this, he added. You should be at the head of the table, doing the actions that need to be done with your vendors, with your contractors. Dont go on a race to the bottom try to do your best practices and race to the top.

Rebucks sentiments were backed by fellow panelist Daniel Hartman, the director of the Colorado Division of Gaming, where a similarly robust mobile sports betting competitive market is in place.

We are starting to get a little bit of feedback from legislators and from other folks who are saying, Theres too much [advertising], we really didnt expect this much,' Hartman said. They really do need to find a balance, because the last thing you want is to have advertising legislated.

Hartman added that it is important for operators to share information with third-party vendors about who is on self-exclusion lists for those who do not want to be lured back into gambling via targeted advertising to them. Another issue, he said, is advertising at college football stadiums, when so many in the crowd are under age 21.

The strong sentiments expressed this week by Rebuck are reminiscent of earlier days of legal gambling in the state.

In late 2018, Rebuck spoke at the Global Gaming Expo in Las Vegas about a FanDuel error on its live odds late in a Broncos-Raiders game that led to an $82,000 easy money win for a sharp-eyed gambler at the Meadowlands Racetrack. FanDuel at first refused to pay, but it relented within days.

We had a very heart-to-heart discussion with FanDuel/Paddy Power/Betfair representatives that maybe we made a mistake, Rebuck said at the time. Maybe we approved internal controls, safeguards, to prevent this from happening that were not strong enough. After further heart-to-heart discussions on actions to be taken both with regard to the event itself and future actions, we came to a strong consensus. All patrons were paid in full.

Rebuck said the incident, while a hiccup for his agency, at least established the rules of engagement for the future.

One thing we did do is we ended forever the European understanding that we have this safe haven for mistakes they make, Rebuck said. In the U.S., our laws are different. We offer protections that are stronger for customers and consumers.

There is no safe haven for companies that make mistakes, whether negligence or gross negligence and there [are] consequences to that, so youd better be better at what youre doing, re-look at your internal controls, reduce your risk.

Photo: Shutterstock

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NJ Regulator Lays Down The Law With Sports Betting Operators About Their Advertising - NJ Online Gambling

NS. Petersburg, Florida During this NFL season, Florida sports fans may finally get the chance to legally bet on their favorite team. That may mean a big plunge in the states new income, but legal hurdles can get in the way.

The Tampa Bay Buccaneers won the Super Bowl at home, the Tampa Bay Lightning won the Stanley Cup in a row, and the Tampa Bay Rays won the trip to the World Series.

Professional sports teams have nicknamed our area Champa Bay.

People are already sports betting

Sports fans like Rob Coronado are profiting from betting on their home team.

Coronado told us while watching a baseball game last afternoon at the Fergs Sports Bar in St. Petersburg.

He is far from the only one secretly betting on sports.

When we asked Rob Stammy about it, he admitted that all his friends had bet on sports.

Why do people have to go behind the scenes or all these apps to access it? Stammy asked. Therefore, legalizing betting on sports makes things easier for all of us sports enthusiasts.

Florida Senator Jeff Brandes last year sponsored a law calling for legalized sports betting, allowing the state to ultimately share some of its profits.

People are already sports betting. They have been sports betting in Florida for years. Again, we generally all have the opposite view. In contrast to todays situation, theyre just creating a legal path to do that, Brandes said.

However, Senator Brandess law, which would put sports gambling under the control of the Florida lottery, was not passed.

Compact could pay state $ 6 billion by 2030

Instead, Governor Ron DeSantis announced in April that he had reached a provisional 30-year compact with the Seminole Indian tribe that runs the Hard Rock Casino.

The transaction included offering face-to-face and online sports betting.

Related: Governor Desantis signs new game compact with Seminole

Under the agreement, the Seminoles will pay Florida up to $ 6 billion from sports betting revenue by 2030. Thats $ 277 per Florida resident.

The agreement was approved by the state legislature and was not opposed by the US Interior Ministry, which regulates Indian games.

But not everyone, including Senator Brandes, endorsed the deal.

Basically, we monopolize the Seminoles to provide sports gambling to Florida. I voted against that monopoly. I dont think thats the right way. We I think we should open it up so that the market can decide where people want to bet and not have to go through one channel, which is a Florida tribe, Brandes said. ..

Proceedings filed and referendum required

Compact is currently being challenged in federal court by two commercial gaming businesses in South Florida, stating that Compact is harmful to their business and violates the law.

The proceedings state that mobile sports betting should not have been consensually granted.

Unlike the legal fiction created by the 2021 Compact and Enforcement Act, bets are placed on both the bettor and where the casino is located, the complaint said.

It can be interpreted that sports betting can only be done on tribal property, Brandes said.

Related: Florida could become the most populous state offering mobile sports betting if lawmakers approve new rules

The state has filed a motion to dismiss, but the judge has not yet ruled it.

Other companies, including DraftKings and FanDuel, are seeking to participate in Floridas sports betting action by sponsoring a voting initiative that opens sports betting to other companies.

If it appears on the ballot next year, the expansion must be approved with a 60 percent vote.

ABC Action News was planning an interview with Hard Rock CEO Jim Allen, who helped create the Seminole Compact, but his spokesman later canceled it because he was too busy to speak.

The Seminoles have recently advertised on Florida television stations, including ABC Action News, to promote the benefits of the agreement.

People are already gambling. Would you like to make money with it? Said Mark Ferguson, owner of the Ferguson Sports Bar.

Ferguson says he doesnt care who is behind him and believes that legal sports betting is good for both Florida and business.

People want to watch 6 or 7 games at a time, and when you have 90 TVs, were the perfect place for it, he said.

If the proceedings are dismissed, sports betting may be allowed as early as next month.

If brought to court, the issue may not be resolved until next year.

If you have a story that you would like I-Team to investigate, please email us at the following address: adam@abcactionnews.com

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Florida sports betting clears hurdles and faces others - Floridanewstimes.com

The US sports betting industry can put a slow July behind it now as Illinois sports betting figures rolled in last week.

Illinois is the last state to report its July sports betting figures, dropping to $369.1 million in handle during the month, according to an Illinois Gaming Board report. That number is down 22.5% from Junes $476.5 million.

Illinois sports betting will likely start to rebound in Augustas bettors prepared for the NFL season. July was the states slowest month since September 2020, when Illinois recorded $305.2 million in handle.

In July, Illinois sportsbooks generated $37.3 million in revenue, good for a 10.1% hold.

Revenue was down nearly 23% from Junes $48.2 million.

The state collected $5.6 million in taxes.

DraftKings led the market with $122.7 million in handle, with FanDuel close behind at $118.5 million. BetRivers continues to be a distant third, drawing $68 million, including $9.3 million in retail bets.

FanDuel kept its revenue lead, generating $15.5 million.

The states in-person registration requirement is set to expire once the IGB awards the first online-only license in the state. That application period ends Dec. 3 and could welcome new operators to the state, like BetMGM, and could result in a significant handle bump.

With not much else underway for most of July, MLB ruled the roost during the month. Illinois bettors wagered $124 million on baseball, or 33.6% of the months bets.

The Chicago White Sox have the state preparing for a playoff run, while the month saw the Chicago Cubs trade away a core of players that brought the city a historicWorld Series title in 2016.

The lack of a robust sports schedule is why July is often the worst month for the US sportsbooks.

Illinois posted the third-highest July handle in the US sports betting landscape, behind New Jersey and Nevada. Every legal US sports betting market saw a dip in handle during the month, with the monthly national handle dropping23.9%.

Revenue did not fair much better nationwide, dropping20.5%. However, hold across US markets was 9.5%, the highest since October 2019.

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Illinois Sports Betting Slides To Low Point In July Revenue Report - Legal Sports Report

EAST RUTHERFORD, N.J. (AP) More than half of the United States now offers legal sports betting, just three years after it was allowed by the U.S. Supreme Court.

When the Tampa Bay Buccaneers and Dallas Cowboys kick off the NFL season Thursday night, gamblers in 26 states plus the District of Columbia are expected be able to wager on it legally, according to the American Gaming Association, with as many as five additional states offering such bets before the season ends in February with the Super Bowl.

Thats up from 18 states with legal sports betting at the start of last years football season. And some of the biggest markets in the U.S., including California and Florida, are moving toward legalization, with New York planning to adopt mobile sports betting at some point.

The explosive growth of the industry comes as more and more companies join the fray, making it more challenging to gain and hold onto market share and profits.

And it is making things worse for some people with gambling problems, as the industry is coming up with new ways to bet on sports, including live micro-betting on the outcome of things like the next possession in a football game.

Theres no question this will be a huge year, and it will be a record, said Eric Hession, co-president of Caesars Digital, whose parent company bought the William Hill brand this year and renamed it Caesars Sportsbook.

Jerry Arnold, a supervisor at the FanDuel sportsbook at the Meadowlands Racetrack in East Rutherford, New Jersey, just outside New York City, said one trend is clear.

A lot of people having a lot more money, he said. Theyre getting unemployment or stimulus checks and they want to double or triple their money. They say that all the time: I just got a check and Im going to make it double.

FanDuel is the official odds provider for The Associated Press.

More than 45 million Americans say they plan to bet on the NFL season this year, according to the American Gaming Association, the casino industrys national trade group. Thats an increase of 36% from last year.

Sean Williams, who is from New London, Connecticut, but now lives in New Jersey, was at the Meadowlands recently to bet $1,000 on the New England Patriots to win the Super Bowl. He won a sports bet three years ago and has been coming back ever since.

I came here and won a thousand, so Im gonna keep flipping those tickets til I get a million, he said. Thats my goal. Play with their money. Confidence! I came here to win.

Mobile betting accounts for more than 80% of sports betting revenue, much of it occurring live as games are underway.

The NFL, which along with other professional leagues once strenuously fought against the legalization of sports betting, now allows seven sports betting companies to advertise during games, and teams in various sports have inked deals with companies to become official sports betting partners, including deals announced Wednesday involving the Baltimore Ravens and the New York Jets.

Media companies continue to tie the knot with gambling firms, seeking synergies among gamblers who want to bet but also read and watch as much as they can about sports. Sports Illustrated has launched a sportsbook and the Wall Street Journal reports that ESPN is considering a $3 billion deal to license its brand to one or more sportsbooks. Even sports merchandise retailer Fanatics plans to launch a sports betting app.

The ever-increasing competition is making it more difficult to win or hold onto a piece of the pie for sports betting companies.

Market share will be harder and harder to retain over time as more entrants come in, said Matt Prevost, chief revenue officer for BetMGM. But more states have come online in the last 12 months and are (new) markets for us.

Competition is fierce, added Johnny Avello, head of sportsbook for DraftKings. Theres a lot of players in the game now.

Said David Schwartz, a gambling historian with UNLV: The cost of entry is going up as it becomes harder to displaced established entities, which have first-mover advantage as well as the benefits of strategic partnerships. But, if the product is good, bettors will respond to it.

Jay Kornegay, vice president of the Westgate SuperBook in Las Vegas, said the coronavirus pandemic still figures prominently into the sports betting equation this year, particularly as the highly contagious delta variant surges.

A lot of people still dont want to travel and be in crowds, and sports betting from their couch is very attractive to them, he said. You can bet 10 bucks and be entertained for three hours.

There are those who bet much more than that. Earlier this year, a study by the National Council on Problem Gambling found an increase in problematic gambling, particularly among young online sports bettors.

This spike in problems related to gambling reflects both the impacts of the COVID-19 pandemic and the effects of the massive increases in sports betting and online gambling availability in more than half the country, accessibility through mobile devices and widespread advertising, said Keith Whyte, the groups executive director.

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Follow Wayne Parry at http://twitter.com/WayneParryAC

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This story has been updated to correct the spelling of Keith Whytes name and to show he is the groups executive director, not president.

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Half of US offers legal sports betting as NFL season begins - Associated Press