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A bill to legalize sports betting in Kentucky will get a hearing in the General Assembly on Wednesday morning, and the proposal’s sponsor is optimistic about its chances of clearing the state House of Representatives. State Rep. Susan Westrom (standing) speaks with House Licensing, Occupations, and Administrative Regulations Committee Chair Adam Koenig before the committee’s meeting on Feb. 23. Koenig will present a bill legalizing sports betting in the state before the committee on Wednesday. (Image: LRC Public Information) House Bill 606 will go before the House Licensing, Occupations, and Administrative Regulations Committee in an 8 am ET meeting in Frankfort. The bill is the latest proposal by state Rep. …

While most of America was busy studying their NCAA Tournament brackets, Tom Brady decided to scrap his retirement plans. Tampa Bay Buccaneers quarterback Tom Brady, seen here on the sidelines at SoFi Stadium in Inglewood, Calif., in a 2021 NFL game against the Los Angeles Rams, announced Sunday that he would return for another season. The 44-year-old quarterback had announced his retirement in January. (Image: Icon Sportswire) The NFL’s GOAT shocked the sports world Sunday evening when he announced on social media that he would not retire, and would don the helmet once again for the Tampa Bay Buccaneers this upcoming season. “These past two months, I’ve realized my place …

The man who led an intricate Chicago-area illegal sports betting operation found out Wednesday that he’ll serve 18 months in federal prison for his crimes. The Everett McKinley Dirksen Federal Courthouse in Chicago. On Wednesday, Vincent DelGiudice was sentenced to 18 months in prison for his role in orchestrating a large illegal sports betting ring. (Image: USCourts.gov) Vincent “Uncle Mick” DelGiudice was sentenced in a Chicago federal court after pleading guilty last year to gambling and conspiracy charges. In addition to the prison time, US District Judge Virginia Kendall also ordered the 58-year-old to forfeit $3.6 million in ill-gotten gains. DelGiudice’s operation had more than 1,000 bettors engaged nationwide, according …

DraftKings (NASDAQ:DKNG) is moving further into the cryptocurrency space, announcing today it will stake digital assets to support the Polygon blockchain network. But shares of the gaming company are sliding due to an analyst downgrade. DraftKings is expanding into the cryptocurrency arena with Polygon. However, the stock has slumped on analyst downgrade. (Image: Polygon Blog) Today, the Boston-based online sportsbook operator said it’s partnering with Zero Hash to stake digital assets it holds in its treasury to support the Polygon (MATIC) blockchain network. With this collaboration, DraftKings is optimizing its working capital and liquidity as it operates a validator node that contributes to Polygon’s governance and network security,” according to …

DraftKings has received a $150,000 civil penalty by the New Jersey Division of Gaming Enforcement (DGE) for the sportsbook’s regulatory failure in preventing proxy betting. Gaming regulators in New Jersey say DraftKings allowed its sports betting platform to be unlawfully used by a gambler in Florida. Proxy betting, the act of remote wagering with a facilitator, is illegal in New Jersey. (Image: DraftKings) In its simplest terms, proxy betting is the facilitation of gambling on behalf of another individual. In the New Jersey DraftKings case, gaming regulators say an individual inside the state routinely placed sports bets online through the sportsbook platform, based on directives from a man living in …

The Cheltenham Festival is right around the corner, and Paddy Power wants to make sure it is a one-of-a-kind event. The new Cheltenham Festival Show with Spotlight Sports Group will help make that happen. A Gold Day race from a previous Cheltenham Festival. This year will see the return of spectators, as well as a new show by Paddy Power and Spotlight Sports (Image: Corinthian Sports) The 2022 Cheltenham Festival runs from March 15 through March 18. Last year, the races weren’t open to the public because of COVID-19, but this year will be different. The 28 races will welcome spectators back to the fun and entertainment. Paddy Power to …

In creating its new budget for the year, Spain implemented changes tied to sports advertising. Moving forward, companies operating under a state-authorized monopoly have to reduce how much they spend marketing with sports-related entities. Competitors racing in Spain’s La Vuelta bicycle race, which is sponsored by Correos, the national postal service. Correos may have to stop sponsorships as part of the country’s budget plan for 2022. (Image: Correos) Last October, Spain created the framework for its 2022 budget. As part of the framework, companies that have a monopoly service, such as the postal system Correos and the national rail service Renfe, have to curtail how much they spend on activities …

This month’s Super Bowl was a watershed moment in mainstream crypto adoption. The event, dubbed the “Crypto Bowl” by some marketers, was sponsored by numerous major brands in crypto, including Coinbase, Crypto.com, FTX, as well as crossover financial trading brands like eToro. An illustration above highlights the multiple cryptocurrencies sponsors from this year’s big game. Some marketers are calling this year’s Super Bowl the “Crypto Bowl.” (Image: WSJ) Coinbase, a major crypto exchange, accelerated from 186th place on the Apple App Store to second overnight, following its seminal advertising campaign. Not surprising, given that the 2022 Super Bowl registered 99.18 million viewers in the US, according to Statista.com. The exchange …

DraftKings cofounder and CEO Jason Robins said the gaming operator and tech company is taking “a wait-and-see” approach on reports that New York state may consider changing the tax rate on mobile sports betting revenue. DraftKings CEO Jason Robins told stock analysts Friday New York could “be a very profitable market” for the sports betting company. However, that’s contingent on the state offering “an appropriate tax rate,” he said. Without that, Robins added it would take some adjusting to become profitable within three years. (Image: CNBC) The comments came during the company’s Friday morning conference call with stock analysts to go over financial figures from the fourth quarter of 2021. …

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 …