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News from the world of sports betting

California, Here They Come: Ads on Sports Betting Measures Released

california,-here-they-come:-ads-on-sports-betting-measures-released

UPDATE (6/29 5 pm ET ) – Updated story to include California labor and civil rights leader Dolores Huerta announcing her support for the tribal-backed sports betting measure. Get ready, California. Because the great debate over sports betting and who should control it – tribal gaming entities or online operators – is just getting started.

PointsBet Sells Nearly 13 Percent Stake to SIG Sports in $65.5M Transaction

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Australian-based PointsBet announced on Monday (Sunday night US time) that it received a substantial investment from a division of Susquehanna International Group (SIG) of Companies that will make the US company the largest shareholder in the sportsbook. A PointsBet sign at the PointsBet Sports Bar, located at the Little Caesars Arena in Detroit. On Sunday

Maryland Sports Betting Commission Responds to Governor’s Demands

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The Maryland sports betting agency assigned with deciding how to issue mobile licenses has responded to Governor Larry Hogan’s (R) demands. Hogan had asked that the regulators do everything in their power to assure that online wagering is up and running in time for the NFL regular season start on September 8. A sign welcomes

Colorado Sports Betting Tax Policy, Record Keeping Criticized in Audit

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UPDATE 6/14 6 pm ET – This story has been updated to include information about a bill Colorado Gov. Jared Polis signed into law last week to limit carryover deductions by licensed sports betting operators that will be effective next year. A report released Monday by the Colorado State Auditor uncovered several issues with how

Sports Betting Advertising Soars 281% Through May

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Sports wagering national advertising nearly quadrupled for the nine months ending May 31, soaring 281% to $282 million over that period, according to iSpot.tv. A scene from a FanDuel commercial. The operator is a leader in terms of sports betting advertising, according to a research firm. (Image: The Drum) From September 2021 through May 2022,

Maryland Casinos Win Nearly $180M in May, State Industry’s Second-Best Month

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Maryland casinos reported gross gaming revenue (GGR) last month of $178.76 million. The haul represents the second-best month on record. Maryland’s first casino opened in September 2010. Live! Casino Hotel Maryland in Hanover. Maryland casinos won just shy of $180 million from gamblers in May 2022. It’s the industry’s second all-time best month on record.

New York Online Sports Betting Tax Revenues Well Ahead of Expectations

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In less than five months, New York has generated more than a quarter of a billion dollars in taxes from online sports betting. That’s according to a statement released Tuesday by Gov. Kathy Hochul. New York Gov. Kathy Hochul holds up a personalized Brooklyn Nets jersey during a Nov. 2, 2021, press conference at the

Ohio to Ring in New Year’s 2023 with Universal Sports Betting Launch

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Sports betting in Ohio will launch on Jan. 1, 2023. Ohio Casino Control Commission Executive Director Matt Schuler made the announcement at Wednesday’s commission meeting. A welcome sign on the Robert C. Byrd Bridge greets travelers entering Ohio from West Virginia. on Wednesday, the state’s Casino Control Commission announced sports betting will start on Jan.

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