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News from the world of sports betting

Cleveland Cavs Lose Evan Mobley and Darius Garland for Multiple Weeks

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Cleveland Cavaliers power forward Evan Mobley and guard Darius Garland are headed to the injury list. The two starters will miss several weeks of action. Cleveland Cavs big man Evan Mobley (4) and shooting guard Darius Garland (10) celebrate after a victory in early December. (Image: Getty) The Cavs (14-12) occupy eighth place in the Eastern Conference standings. The Cavs would be headed for the Play-In Tournament if the season ended today. The Cavs went 51-31 last season and secured the #4 playoff seed, but the #5 New York Knicks eliminated them in the first round. The Cavs entered this season with a projected win total of 50.5 over/under. After

ESPN Bet Off to Solid Start, Says Analyst

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Penn Entertainent’s (NASDAQ: ESPN) recently launched ESPN Bet mobile sports wagering application is off to a solid start in select states. However, that strength may be aided by heavy promotional spending. The ESPN Bet logo. An analyst says the new betting app is off to an impressive start. (Image: ESPN Bet) In a new report to clients, Macquarie analyst Chad Beynon pointed out that in Indiana, Iowa, and Maryland — three of the 17 states in which the app is available — ESPN Bet is commanding a double-digit slice of gross gaming revenue (GGR) share. Looking at handle share, we estimate ESPN BET grew its share by roughly 500bps (from

New York Knicks Center Mitchell Robinson to Miss 10 Weeks

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Mitchell Robinson, the New York Knicks starting center and the anchor of their defense, sustained a left ankle injury in a loss against the Boston Celtics on Friday night. New York Knicks center Mitchell Robinson, seen here in a recent game at Madison Square Garden in Manhattan, could be out until March while recovering from an ankle injury. (Image: USA Today Sports) Robinson will undergo surgery and he’s expected to miss 10 weeks of action while he recovers from the injury. The Knicks hope to evaluate him in eight weeks, when they will have a better idea of when he’ll return to the lineup. The Knicks have one of the

Meredith Whitney, ‘Oracle of Wall Street,’ Blames Sports Betting for Men Not Having Sex

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Financial markets analyst Meredith Whitney is no fan of the vast spread of legal sports betting. She made her position known during an appearance this week on CNBC. Meredith Whitney thinks online sports betting could be a social ill on society. She partially blames the decline in marriage rates on the recent emergence of widespread legal sports gambling. (Image: CNBC) Whitney, the so-called “Oracle of Wall Street” for predicting the financial crisis of 2007-2008, believes young men are spending too much time gambling on their phones and other electronic devices. She thinks that’s a partial cause for declining marriage rates and many men not having sex like they used to.

San Francisco 49ers QB Brock Purdy Emerges as MVP Betting Favorite

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San Francisco 49ers quarterback Brock Purdy is the new betting favorite to win the NFL MVP at +300 odds, according to a recent update by DraftKings. Members of the San Francisco 49ers celebrate a touchdown pass by Brock Purdy in a victory against the Philadelphia Eagles at Lincoln Financial Field in Philadelphia. (Image: Getty) The 49ers crushed the defending NFC champion Philadelphia Eagles in Week 13, and Purdy leapfrogged to the top of the NFL futures board after a near-flawless performance. The 49ers are currently the consensus favorite to win Super Bowl LVIII at +310 odds. The Eagles are second on the NFL futures board at +450 odds to win

Connecticut Lottery Picks Fanatics as Next Sportsbook Partner

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The Connecticut Lottery Corporation (CLC) has selected Fanatics Betting and Gaming as its next sports betting partner. The XL Center in Hartford opened its Connecticut Lottery sportsbook in September. The facility will soon be run by Fanatics after the sports betting firm won the state lottery’s backing to replace Rush Street’s SugarHouse Sportsbook. (Image: NBC Connecticut) The CLC said it fielded several bids for its sports betting partnership and the presentation from Fanatics was deemed the best offer. Fanatics is the only true sports brand in the gaming space and has established itself as an innovator in the industry,” said Greg Smith, CLC president and CEO. “We have been impressed

Kindred Departing North America, Could Spur Sale

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Kindred Group (OTC: KNDGF) announced Wednesday that it’s leaving the North American market and cutting 300 jobs in a move some industry observers believe could spur a sale of the Swedish gaming company. The Kindred Group logo outside its offices. The company said it’s leaving North America and cutting 300 jobs. (Image: Kindred Group) The operator said its departure from North America should be completed by the end of the second quarter of 2024. Kindred’s Unibet brand, popular with European bettors, failed to gain traction in the US and lives in just five states — Arizona, Indiana, New Jersey, Pennsylvania, and Virginia. Kindred announced a strategic review in April, and

David Beckham Likes Las Vegas for Major League Soccer Expansion

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David Beckham, one of the biggest names in soccer and a part owner of Club Internacional de Fútbol Miami — commonly called Inter Miami CF — believes Las Vegas is an ideal city for Major League Soccer (MLS) to consider expansion. David Beckham attends the F1 Las Vegas Grand Prix on Sunday, Nov. 19, 2023. Beckham believes Las Vegas is a most suitable city for an MLS franchise. (Image: Getty) Speaking recently with Bloomberg, the 48-year-old former Manchester United, Real Madrid, and LA Galaxy star and the husband to Victoria Beckham said Southern Nevada makes sense for MLS. Beckham said the success of the NHL Vegas Golden Knights, which have

Officials Mercy Kill Unfunded Las Vegas Strip NBA Arena

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Las Vegas officials have finally had enough of the unsubstantiated funding claims, the unfulfilled construction promises, and the deadline extension requests made by the owners of the All Net Arena project. The $5 billion All Net Arena project, proposed way back in 2013, would have included a 22K-seat basketball arena, a nongaming hotel, a convention center, a movie theater, and a grocery store — if its owners ever secured the funding they repeatedly lied to Clark County about having secured. (Image: All Net Arena) On Tuesday, the Clark County Zoning Commission voted 7-0 to deny extending the project’s permits. Time and time again, we’ve asked, ‘Just one more year, or

Pittsburgh Steelers Finally Fire Offensive Coordinator Matt Canada

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Christmas came early for football fans in Pittsburgh. The low-scoring Steelers finally fired offensive coordinator Matt Canada after an ugly 13-10 divisional loss against the Cleveland Browns on Sunday. Pittsburgh Steelers offensive coordinator Matt Canada, seen here on the sidelines against the Cleveland Browns, was fired after a demoralizing loss in Week 11. (Image: Getty) Fans were worried that the Steelers would retain the inept Canada for the remainder of this season and even next season. The Steelers front office is often seen as too loyal to a fault, and the organization has a reputation for never firing a coach during the season. This year, however, fans had been chanting

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