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New Jersey College Sports Betting Question Rejected, Governor’s Race Shocks Bettors

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New Jersey college sports betting involving state schools or taking place within the state’s boundaries will remain prohibited. New Jersey Gov. Phil Murphy (right) debates his gubernatorial Republican challenger Jack Ciattarelli last month. Their race remains undecided the morning after Election Day. But a sports betting referendum in the Garden State was rejected. (Image: AP) New Jersey voters on Election Day were asked to elect their next governor, but also to decide if state lawmakers should have the freedom to expand betting options for licensed oddsmakers. The state’s current sports betting law allows sportsbooks to offer lines on college sports, but only if the games do not involve state universities

California Tribes Voice Opposition to Proposed Sports Betting Measures

california-tribes-voice-opposition-to-proposed-sports-betting-measures

The battle lines for California sports betting were officially – and firmly – drawn on Friday. That’s when two Native American groups announced a new coalition to oppose two measures being proposed by commercial gaming in the state. Trilogy Group Founding Partner and CEO Valerie Spicer (far left) moderates an Oct. 4 panel discussion at the Global Gaming Expo. Panelists from left to right are Pechanga Band of Luiseño Indians Chairman Mark Macarro, California Nations Indian Gaming Association Chairman James Siva, Pechanga Development Corporation Vice President of Public and External Affairs Jacob Mejia, and former California Gambling Control Commissioner and gaming executive Richard Schuetz. (Image: Global Gaming Expo) The California

California Cities Seek to Add Another Sports Betting Measure to ’22 Ballot

california-cities-seek-to-add-another-sports-betting-measure-to-’22-ballot

There’s already one California sports betting initiative that’s been approved for the 2022 ballot, and now a group of Golden State cities is pushing for another. Players gather at the Kings Card Club in Stockton, Calif. Last week, officials from three California cities submitted a proposed sports betting referendum to the state attorney general’s office. (Image: VisitStockton.com) On Thursday, an organization named Cities for Responsible Sports Betting announced it filed a proposed measure with the California Attorney General Rob Bonta. The California Sports Wagering and Consumer Protection Act is currently posted on the attorney general’s website for a 30-day public comment period. The measure’s title is the same as a

Olympics Betting Recap: Women’s Sports Fuels Action, US Narrowly Wins Gold Count

olympics-betting-recap:-women’s-sports-fuels-action,-us-narrowly-wins-gold-count

The 2020 Olympics, contested a year late in 2021 because of COVID-19, are finally over.  Allyson Felix celebrates after winning bronze in the women’s 400-meter final on August 6, 2021. One major sportsbook said women’s sports during the 2020 Olympics garnered more betting action in the US than men’s competitions. (Image: Getty) One leading US sportsbook says women’s sports largely generated the betting action over the past two weeks. Australia-based PointsBet is licensed to facilitate sports betting in six US states — Colorado, Iowa, Illinois, Indiana, Michigan, and New Jersey. And in terms of Olympics betting for its US operations, Jay Croucher, head of trading for PointsBet, says roughly 60

DraftKings Again Raises Revenue Outlook, Q2 EBITDA Beat Excites Analysts

draftkings-again-raises-revenue-outlook,-q2-ebitda-beat-excites-analysts

DraftKings (NASDAQ:DKNG) again increased its full-year revenue outlook today following a strong set of second-quarter results, which the company delivered earlier. DraftKings CEO Jason Robins in a CNBC interview earlier today. The company again raised 2021 revenue guidance (Image: CNBC) The sportsbook operator now expects 2021 sales of $1.21 billion to $1.29 billion, up from the guidance of $1.05 billion to $1.15 billion issued in May. That new outlook was helped by a strong showing in the April through June period in which DraftKings generated revenue of $298 million. That beat Wall Street estimates by $50.78 million, and represents a 320 percent year-over-year increase. While the gaming company lost 76

Barstool Fund Becomes Permanent Charity, Founder Dave Portnoy Seeks Director

barstool-fund-becomes-permanent-charity,-founder-dave-portnoy-seeks-director

The Barstool Fund is here to stay.  Kenney’s Irish Pub in Michigan expresses its thanks to the Barstool Fund and founder Dave Portnoy last year. Portnoy revealed this week that the charity is now a permanent resource for businesses enduring hardship. (Image: FOX 2 Detroit) Barstool Sports founder Dave Portnoy says his nonprofit, formed last year to assist small businesses, is becoming a permanent charitable organization.  Portnoy established Barstool Sports in 2003. He sold a 36 percent stake in the digital media turned sports betting company to Penn National Gaming in January of 2020 for $163 million. The Barstool Fund launched in December of 2020. To date, it’s received more

Caesars Sportsbook Debuts Colossal Ad Campaign, William Hill Phased Out

caesars-sportsbook-debuts-colossal-ad-campaign,-william-hill-phased-out

The Caesars Sportsbook has officially debuted in the United States, as Caesars Entertainment does away with the William Hill brand in favor of incorporating its own name into the online gaming space.  Caesars Entertainment is dropping William Hill in the US, and instead launching a new trademark called Caesars Sportsbook. The online identity is up and running in several states that allow online sports betting, and the platform is using actor JB Smoove (pictured) to promote the sportsbook. (Image: Caesars Entertainment) Caesars Entertainment closed on its acquisition of William Hill in April. The roughly $4 billion purchase gave Caesars one of the globe’s most trusted and experienced bookmakers.  The deal

AM/FM Radio Better Bet for Sportsbook Advertisers, According to Study

am/fm-radio-better-bet-for-sportsbook-advertisers,-according-to-study

With football season nearing, it’s likely sports betting companies will be kicking up television advertising efforts and spending. But a recent study indicates gaming operators ought to focus on radio. Wynn and Encore Las Vegas. The company signed an advertising deal with Cumulus, and that could be a smart move. (Image: Las Vegas Weekly) Earlier this year, Cumulus Media/Westwood One commissioned a study by MARU/Matchbox focusing on sports wagering advertising opportunities in Michigan, one of the newer states in the live and legal category. While admittedly self-serving, as most commissioned surveys tend to be, takeaways included AM/FM radio listeners being more avid bettors, more engaged with online wagering and more

Louisiana Governor Names Ronnie Johns Gaming Control Board Chairman

louisiana-governor-names-ronnie-johns-gaming-control-board-chairman

Ronnie Johns, a state senator who recently resigned from the Legislature, has been named chairman of the Louisiana Gaming Control Board. His appointment comes as the state is preparing to launch sports betting. Ronnie Johns gestures while speaking at a public hearing. The former state senator has been named chairman of the panel that regulates gaming in Louisiana. (Image: The Advocate) Gov. John Bel Edwards (D) this week appointed Johns, a Republican, to lead the board that regulates gaming in Louisiana. The 71-year-old Johns is from Sulphur, near Lake Charles, one of the state’s gambling hubs. That area in South Louisiana near the Texas border is still recovering from two

Feds Reportedly Seize Millions in Cash, Assets From Gambler’s Florida Home

feds-reportedly-seize-millions-in-cash,-assets-from-gambler’s-florida-home

Law enforcement agents have issued details about a raid on the home of high-profile sports gambler Clarence “Gary” Austin in Plantation, Fla. Reports state that police seized almost $4.3 million in cash, 61 gold bars, five luxury cars, and a Miami Heat championship ring. Austin is pictured with his daughter (right) on her wedding day in 2018. Austin’s Florida mansion was recently raided. (Image: La Nación) The value of the gold bars and upscale cars taken from the house was not immediately known. The cars include two Mercedes Benzes, a Lamborghini, a Porsche Cayenne, and a Land Rover Range Rover, the report said. Austin is the owner and operator of

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