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New Jersey sports betting advertisements are flooding television and radio commercial breaks. One state lawmaker says such marketing is giving way to an increase in problem gambling. A DraftKings sports betting billboard advertises a low-risk promotional bet along a New Jersey highway. New Jersey Assemblyman Ralph Caputo is of the opinion that there are too many sports betting commercials currently being aired on television and radio. (Image: Outfront Media) Assemblyman Ralph Caputo (D-Essex) helped champion New Jersey’s sports betting bill in 2018. But the longtime gaming supporter and Atlantic City advocate believes sports betting adverts and promotional marketing have become a bit too much. This advertising, marketing, and promoting is …

Minnesota sports betting discussions continue in Saint Paul, but the clock is ticking on the Legislature’s 2022 session. Minnesota Senate Major Leader Jeremy Miller during a 2021 legislative session. Miller hopes to get a sports betting bill passed before the state legislature adjourns for 2022 later this month. (Image: Star Tribune) On Thursday, the Minnesota House of Representatives passed House File 778. The bill would legalize sports betting at tribal casinos and via online sportsbooks. The mobile operators would be required to partner with tribal-owned entities. HF 778 passed the House yesterday with bipartisan support , 70-57. The legislation now moves to the Senate for consideration. But with only two …

Chelsea FC is getting ready to become part of DraftKings’ empire. It’s also taking a chance on a cryptocurrency sponsor. Kai Havertz celebrates his first goal as part of a Premier League team, Chelsea FC. The club is onboarding cryptocurrency platform WhaleFin as it seeks new sponsorships. (Image: Getty Images) Chelsea CF is following in the footsteps of Atlético de Madrid. The London soccer club has signed an alliance with the cryptocurrency trading platform WhaleFin. The partnership will see the company’s logo on the sleeve of the Chelsea FC jersey starting next season. Although the club has not communicated the amount of the transaction, Sky News reported that the deal …

DraftKings (NASDAQ:DKNG) is extending its lengthy slide Friday, even after the online sportsbook operator posted first-quarter results that beat estimates and lifted its 2022 revenue outlook. A DraftKings sportsbook in New Hampshire. The stock is slumping today despite strong 2022 sales guidance. (Image: Nashua Telegraph) In midday trading, the shares are off 6.1%, extending the one-month slide to 24.2%. The gaming stock shed 72.17% of its value over the past year. The ongoing weakness in DraftKings stock arrives despite the gaming company boosting its 2022 revenue guidance. Earlier today, the operator reported first-quarter sales of $417 million, topping the consensus estimate of $412.01 million. DraftKings said it expects 2022 revenue …

DraftKings (NASDAQ:DKNG) stock is getting a much-needed lift after Morgan Stanley issued constructive comments on the battered online sportsbook operator. Morgan Stanley analyst Thomas Allen in a 2016 CNBC interview. The bank is bullish on DraftKings stock. (Image: CNBC) DraftKings is higher by more than 5% in midday trading, though that’s barely enough to dent an almost 76% decline over the past year. Hindered by lack of profitability and a market environment that doesn’t take kindly to such stocks, DraftKings hasn’t closed above its 200-day moving average since last September. Still, Morgan Stanley is positive about the gaming company, citing the familiar catalyst of total addressable market growth. We forecast …

Missouri sports betting legalization odds lengthened greatly this week after state Senator Denny Hoskins (R-Warrensburg) filibustered two pieces of relevant legislation. Missouri Senator Denny Hoskins in a photo posted to his Twitter expressing his support for a wide-reaching piece of legislation addressing education, sports, and immigration. Hoskins wants to legalize sports betting in his state, but only if it comes with video gaming terminals. (Image: Twitter) Hoskins has long been a supporter of Missouri legalizing sports betting. But he wants to do so with the additional expansion of video gaming terminals (VGTs) in restaurants, bars, convenience stores, and fraternal organizations. But the two sports betting bills that arrived in the …

Sports betting isn’t live in Ohio. But Bally’s and the NFL’s Cleveland Browns are preparing for that debut, announcing a wide-ranging partnership. FirstEnergy Stadium, home of the Cleveland Browns, seen above. The NFL team is partnering with Bally’s. (Image: Cleveland Browns) The gaming company’s Bally’s Interactive unit will become the official sports betting partner of the NFL franchise. Financial terms of the agreement weren’t disclosed, but the two sides describe it as “long-term.” Pending appropriate licensing and regulatory approvals, the collaboration will be highlighted by a branded lounge at FirstEnergy Stadium, the launch of the mobile Bally Bet Sportsbook app in Ohio and free-to-play gaming opportunities for fans in the …

Maryland sports betting began at the state’s land-based casinos in December. Five of the state’s six commercial gaming properties are now operating brick-and-mortar sportsbooks. Then-Horseshoe Casino Baltimore GM Erin Chamberlin and Baltimore Ravens Senior VP Kevin Rochlitz celebrate the Caesars Entertainment casino being named an official partner of the NFL team in 2018. Horseshoe and Maryland’s other casinos hope to have their mobile sportsbooks up and running for the 2022 NFL season. (Image: Baltimore Ravens) However, the gaming expansion will blossom once Maryland allows online wagering to commence. But the state is dragging its feet in awarding mobile sports betting licenses. During the Maryland Sports Wagering Application Review Commission’s (SWARC) …

The battle for control of sports betting in California is heating up. In the past few days, a number of organizations have issued statements of support or opposition to the various initiatives being proposed in the Golden State. A portrait of the Golden Gate Bridge, an iconic California attraction in San Francisco. Efforts are underway to legalize sports betting in the nation’s largest state, including one that would allow people to bet using mobile devices anywhere in the state, including scenic locations like the Golden Gate Bridge. (Image: Blake Everett/goodfreephotos.com) The crossfire of commentary comes as a deadline has passed for one group seeking to get on the ballot for …

Spanish lawmakers are in the process of updating the country’s sports betting laws. As they enter the last lap, they have to have all proposals in place this week. Spain’s Chamber of Deputies in their daily routine. The legislators are close to wrapping up the submission of proposals to update the country’s sports betting laws. (Image: Spain Chamber of Deputies) Spain’s Congress of Deputies is preparing a draft update to sports betting laws, especially how to target potential match-fixing and fraud. Chamber lawmakers have only a few days until all proposals must be submitted. This coming Wednesday is the deadline for the presentation of amendments in the Chamber of Deputies …