News

New Jersey sportsbooks fared just fine as New York oddsmakers began taking bets online last month. In fact, the Garden State experienced record wagering. Nick Thompson, a New York resident, has regularly crossed the George Washington Bridge into New Jersey to place sports bets on his phone. Despite such mobile betting now live in New York, New Jersey oddsmakers took record action in January of 2022. (Image: The New York Times) Numbers released today by the New Jersey Division of Gaming Enforcement (DGE) reveal that more sports bets were placed in the state in January than in any other month since such legal gambling began in June of 2018. Oddsmakers …

South Carolina remains on the sidelines of legal sports betting. But a former US congressman says he’ll fight to change that should he be elected to the state’s highest office. South Carolina gubernatorial candidate Joe Cunningham is pictured last year campaigning to legalize marijuana use in the state. Cunningham is backing an effort to end another prohibition — the state’s ban on sports betting. (Image: Rock Hill Herald) Thirty states plus DC currently have legal sports betting operational. South Carolina isn’t one of them, as the state has maintained its prohibition on nearly all forms of gambling — its state-run lottery being the lone exception. South Carolina is one of …

DraftKings (NASDAQ:DKNG) stock is experiencing a turbulent day ahead of Super Bowl LVI and ahead of the company’s fourth-quarter earnings report on Feb. 18. DraftKings’ Las Vegas office, seen above. The stock is proving wild ahead of Sunday’s Super Bowl. (Image: Nevada Independent) Earlier today, the downtrodden stock traded higher by as much as 7.6 percent, providing hope that it might be ready to break out of what’s been a long spiral lower. That rally was sold, however, as DraftKings is higher by just 1.12 percent in late trading. Volume exceeded the daily average. DraftKings was helped today by a note from Morgan Stanley analyst Thomas Allen who points out …

A leading proponent of expanding gaming in Georgia said in a recent op-ed that lawmakers will be taking up a sports betting measure soon. Georgia state Rep. Ron Stephens, seen here speaking during a 2018 political rally, said in a recent op-ed that he plans to pick up legislation regarding a constitutional amendment to legalize sports betting in the state. (Image: Rep. Stephens/Facebook) State Rep. Ron Stephens, R-Savannah, wrote a guest column in the Bryan County News on Thursday regarding what has happened in the General Assembly. The House Economic Development & Tourism Committee chairman said he plans to take up a constitutional amendment that would let the Georgia Lottery …

Caesars Entertainment is perhaps the best-known casino brand in the United States. That’s likely why the casino giant has opted not to bet on advertising during Super Bowls in years past. However, that’s changing for the big game next weekend. Peyton Manning, JB Smoove, and Halle Berry star in Caesars Sportsbook’s Super Bowl LVI commercial. The casino and sportsbook giant is making its Super Bowl debut. (Image: Caesars Sportsbook) Caesars confirmed today that its sportsbook unit will run a 30-second commercial during Super Bowl LVI. The game will take place on February 13 at SoFi Stadium in Inglewood, Ca., south of Los Angeles. The Caesars Sportsbook spot will air during …

South Dakota sports betting is currently limited to retail sportsbooks inside Deadwood gaming parlors and tribal casinos. Legislation introduced in 2022 that has already found support in a Senate committee seeks to expand such gambling to online channels. A historical marker in South Dakota commemorating the Deadwood Main Street location where Jack McCall, who shot and killed Wild Bill Hickok the previous day, was arrested on August 2, 1876. Sports betting is permitted in Deadwood, but a state effort to expand sports betting online is underway. (Image: Shutterstock) Senate Resolution 502 would authorize land-based sportsbooks to facilitate remote wagers for bettors across South Dakota. The statute would require sportsbook computer …

The Florida political committee that sought to legalize sports betting through a statewide referendum this year is conceding defeat. Their goal to amend the state’s constitution via the November 2022 election ballot will not meet its deadline for signatures. A welcome sign near the Florida state line. On Friday, proponents of a measure that would have legalized sports betting statewide conceded their petition drive will not meet the signature validation threshold by Tuesday’s deadline. (Image: DonkeyHotey/Flickr) In a statement posted on its website, Florida Education Champions said that it was “extremely encouraged” by the support it received from more than 1 million residents. However, according to data posted Friday afternoon …

DraftKings (NASDAQ:DKNG) ranks as one of Wednesday’s best-performing gaming equities. It rose on hopes that an upgrade from Morgan Stanley analyst Thomas Allen marks an end to a long-running slide for the online sportsbook operator. DraftKings ads in New York City’s Time Square, seen above. The stock is on pace for its showing since September 2020 thanks to a Morgan Stanley upgrade. (Image: Via News) In a note to clients today, Allen boosts his DraftKings rating to “overweight” from “equal weight” while maintaining a $31 price target on the stock. That implies upside of 60 percent from the Jan. 25 close. On the back of Allen’s call, DraftKings is higher …

Media giant Fox Corp. (NASDAQ:FOX) landed an upgrade today from UBS on the broadcasting giant’s sports betting potential, which may not be fully appreciated by investors at this point. The FOX NFL Sunday crew in studio in 2017. An analyst raised his rating on the media company, citing its sports betting opportunity. (Image: FOX Sports) In a note to clients today, UBS analyst John Hodulik lifts his rating on Fox to “buy” from “neutral,” while boosting his price target on the stock to $50 from $42. That implies about a 33 percent upside from the Jan. 21 close. Within traditional Media, we believe FOX is better positioned given sports betting …

Royal Links Golf Club has likely seen its last round played. The Las Vegas course was once owned by famed sports bettor Billy Walters. The shuttered Royal Links Golf Club in Las Vegas, with the Strip distantly seen in the background. The golf course once owned by controversial sports bettor Billy Walters is set to become a community with more than 1,600 residencies. (Image: Las Vegas Review-Journal) The Royal Links Golf Club is located a little more than six air miles east of the Las Vegas Strip. Walters, considered one of the most successful professional sports bettors in Nevada history, sold the golf course in 2016 to Scottsdale Golf Group …