News from the world of sports betting

ESPN Bet an Albatross on Penn Entertainment Stock, Says Analyst


The ESPN Bet mobile sports wagering application, which went live last November, is likely to post a larger-than-expected first-quarter loss, thus acting as an overhang on shares of parent Penn Entertainment (NASDAQ: PENN). The exterior of Hollywood Casino Columbus in Ohio. An analyst says ESPN Bet is weighing on Penn Entertainment stock. (Image: USA Today)

Flutter Selling $1.05B in Debt with BBB- Rating


Flutter Entertainment (NYSE: FLUT), the parent company of FanDuel, said Tueaday it’s selling $1.05 in senior secured notes maturing in 2029. The Flutter logo as seen in an investor deck. The company announced a $1.05 billion debt sale on Tuesday. (Image: Flutter Entertainment) The proceeds of the debt sale, which includes dollar- and euro-denominated bonds,

Delaware Online Sports Betting Market Could Expand With Additional Operators


Legislation introduced in Delaware seeks to expand the First State’s online sports betting market from a sole operator. Delaware lawmakers have proposed welcoming in additional online sportsbook companies. Currently, Chicago-based Rush Street Gaming’s iGaming platform BetRivers maintains a monopoly on both online casino gaming and online sports betting in the First State. (Image: Bally’s Dover

Winning Sports Bettors Being Limited Comes Into Focus in Massachusetts


Sports bettors who win more than they should in the eyes of oddsmakers are often limited or even banned from continuing to wager. It’s a practice that most legal sports betting states permit, but gaming regulators in Massachusetts are weighing whether to change such practices. Circa Sports displays its maximum bets in Las Vegas. The

ESPN Anchor Rece Davis Backtracks Sports Betting Comment


Rece Davis, a lead sports anchor on ESPN and ABC, is backtracking sports betting comments he made on Sunday ahead of top-seeded UConn’s second-round March Madness matchup against No. 9 Northwestern. ESPN’s Rece Davis is walking back comments he made in jest about sports betting being risk-free when an expert like Erin Dolan dishes her

Missouri Sports Fans Favor Sports Betting, Legislation Stalled


Missouri sports fans wanting to place legal bets on their NCAA brackets remain sidelined as March Madness heats up. That’s despite a new poll that finds support for sports betting getting warmer in the Show Me State. Missouri residents hoping to place legal sports bets on March Madness from within the Show Me State will

BetMGM, Marriott Bonvoy Team Up on Loyalty Points Deal


BetMGM and Marriott Bonvoy, the hotelier’s customer loyalty platform, are teaming up on a program that allows the gaming company’s clients to earn travel rewards. The BetMGM logo. The gaming company announced a partnership with Marriott Bonvoy, a popular travel loyalty program. (Image: NY Sports Day) Bettors in the states in which BetMGM is operational

Basketball-Crazy North Carolina Welcomes Online Sports Betting


Online sports betting is expected to be a slam dunk in North Carolina as March Madness tips off. Mobile Sports gambling officially launched in the state on Monday, March 11. That’s just in time for the NCAA men’s and women’s basketball tournaments. North Carolina Roy Cooper speaks after signing the state’s sports betting bill into

Jacksonville Jaguars Employee Who Stole $22M Gets 6.5 Years


A Florida man who stole $22 million from the Jacksonville Jaguars to fund a prodigious gambling habit has been sentenced to six and a half years in federal prison. Amit Patel, left, arriving at a Florida courtroom with his lawyer, Alex King. His former colleagues described feeling “betrayed” by Patel’s actions in a statement read