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Iowa’s sports betting market is welcoming preseason football and building on some momentum in summer sports wagering revenue. The Iowa Hawkeyes are ranked second in the Big 10 West division heading into the start of their 2023 season. (Image: Black Heart Gold Pants) The state’s handle stayed above $100 million in July. That is a slight decrease from earlier this year, but because of a roughly 10% hold in July, operators actually increased their revenue, as did the Hawkeye State’s coffers. Hold and spending are expected to increase with preseason football now, the kickoff of NCAA regular-season games at the end of the month, and the start of the NFL …

Denver Broncos wide receiver Jerry Jeudy sustained a hamstring injury on Thursday during a joint practice with the Los Angeles Rams. Jeudy is the fifth wide receiver from the Broncos to go down with an injury during the preseason. Denver Broncos wide receiver Jerry Jeudy, seen here scoring a touchdown against the Arizona Cardinals in a preseason game, will miss the start of the season with a hamstring injury. (Image: AP) Jeudy, the top wide receiver on the Broncos, fell to the ground with a noncontact injury during an end-around running play. He needed assistance off the field with a medical cart. The Broncos hinted that Jeudy could miss several …

Billy Walters, the legendary sports bettor, claimed a long-running spat with Steve Wynn is the reason former President Donald Trump commuted his insider trading sentence rather than granting him a full pardon. Famed sports bettor Billy Walters believes Steve Wynn lobbied President Trump against pardoning him in his insider trading case. (Image: RealBillyWatlers.com) In his widely anticipated autobiography, “Gambler: Secrets from a Life at Risk,” Walters includes a chapter dubbed “Spinning Wynn’s Wheel,” containing details about an instance in which he won $3.8 million playing roulette at the Golden Nugget in Atlantic City, NJ. At the time of Walters’ big payday, the venue was owned by Wynn. Today, Tilman Fertitta …

Several more viewing options for the Las Vegas Grand Prix being held November 16-18 were announced this week by the Palms and Ellis Island casino hotels. Though both are off the Strip, they face the racetrack that Formula 1 is currently erecting out of streets in and around Las Vegas Boulevard. This rendering shows the grandstands Ellis Island is building a block east of the Strip, along the Las Vegas Grand Prix racetrack on Koval Lane. (Image: Scott Roeben/Vital Vegas) Ellis Island, a locals casino known for its value and not its luxury, is offering several “Turn 4 at Ellis Island Casino” options at the current lowest end of the …

A Florida cardroom operator is asking a federal appeals court to reverse its decision to uphold an agreement that gives the Seminole tribe exclusive rights to sports betting in the Sunshine State. A sports bettor downloads the Hard Rock Sportsbook app following Florida’s April 2021 agreement to allow the Seminole Tribe to operate online sports betting through a new 30-year gaming compact. A federal appeals court is being asked to revisit its decision siding with the Seminole Tribe. (Image: WFTV) West Flagler Associates, which has spent nearly two years fighting the Seminoles in court, lost last month in the U.S. Court of Appeals for the Washington, DC, Circuit. In a …

It’s not a death in the traditional sense, but Wynn Resorts (NASDAQ: WYNN) is dramatically reducing the scope of its WynnBet sports wagering unit, announcing the business will halt operations as soon as possible in eight states in which it currently books bets. Encore Boston Harbor and the WynnBet logo. The operator is halting sports betting in eight states. (Image: Casino.org) The Las Vegas-based casino operator announced today that WynnBet is working with regulators in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West Virginia to halt its sports wagering business in those states. The news arrived less than two months after the gaming announced the debut of WynnBET …

Underdog Sports, a provider of paid fantasy sports contests, claims DraftKings (NASDAQ: DKNG) and FanDuel are waging “back room” campaigns aimed at maintaining their duopoly and stifling innovation in the daily fantasy sports (DFS) arena. An ad for Underdog Sports. The company says DraftKings and FanDuel are trying to halt competition. (Image: Twitter) In their early days, DraftKings and FanDuel pioneered the concept of DFS, a departure from the traditional season-long formats that for years were the bedrock of the fantasy sports world. The concept was warmly received among sports fans, particularly because cash prizes were involved even though DFS wasn’t initially viewed as betting. Following the 2018 Supreme Court …

Sports bettors know that you never bet with your emotions. Drake, the Canadian rapper and intrepid bettor known for missing big money bets, never got the memo and lost a considerable fortune this weekend on the Jake Paul vs. Nate Díaz boxing match. Nate Diaz takes a tumble during his boxing match against Jake Paul. Diaz lost his debut match, and the rapper Drake went down with him. (Image: Kevin Jairaj via USA Today Sports) Drake supposedly took a loss of $250K thanks to the defeat of Díaz at the hands of YouTuber Jake Paul. Diaz was a formidable UFC fighter before deciding to try his skills as a pugilist. …

Shares of DraftKings (NASDAQ: DKNG) spiked in Thursday’s after-hours trading session after the online sportsbook operator delivered its first profitable quarter as a public company. Inside a DraftKings office. The company was profitable in the second quarter and lifted its 2023 guidance. (Image: Wall Street Journal) The Boston-based company said its non-generally accepted accounting principles (non-GAAP) earnings per share in the second quarter were 14 cents, well ahead of the loss of 14 cents analysts expected. Thus, DraftKings generated positive adjusted earnings before, interest, taxes, depreciation, and amortization (EBITDA) in the June quarter as revenue surged 88% to $875 million, blowing past analysts’ estimates of $772.9 million. The gaming company’s …

Sports wagering startup Betr is entering the fantasy sports space with a new “pick ’em” game that, over the long term, could be additive to the company’s sports betting efforts. Social media influencer Jake Paul poses in a Liverpool FC jersey. Betr, the gaming company he co-founded, introduced a real money fantasy picks game. (Image: Jake Paul/Twitter) Betr Picks is a real money game with binary choices, such as “more” or “less.” In essence, Betr Picks is a prop-style daily fantasy sports (DFS) game. The simple and intuitive real money fantasy pick ’em experience allows users to select ‘More’ or ‘Less’ from a wide array of player projections to build …