Missouri Sports Betting Inches Closer to Finish Line

Missouri Sports Betting Inches Closer to Finish Line

Missouri sports betting took another step forward this week after two Bills backed by Missouri’s professional sports teams reached a full House on Wednesday. The Bills, House Bills 2502 and 2556, which would expand gambling to professional and collegiate sports, is the result of a combined effort from the St. Louis Cardinals, St. Louis Blues,…

USFL Receives Betting Approval in 15 States

USFL Receives Betting Approval in 15 States

The United States Football League has received betting approval from 15 states ahead of its second inaugural season. Iowa, New Jersey, Oregon, Pennsylvania, West Virginia, Connecticut, Delaware, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Rhode Island, South Dakota, and Wisconsin have all approved the league for bettors within state lines. 33 states and…

I Feel Sorry for DeMar DeRozan (+1200) Bettors

I Feel Sorry for DeMar DeRozan (+1200) Bettors

Consider this to be a formal apology on behalf of the National Basketball Association’s voting committee from someone not that important.  Joel Embiid of the Philadelphia 76ers is the odds-on favorite to win the NBA’s Most Valuable Player award, which would be his first, this season; next in line is last year’s award-winner, Nikola Jokic,…

Push For California Sports Betting Gaining Momentum

Push For California Sports Betting Gaining Momentum

California sports betting could see legalization in the next session after voters have rallied to push their representatives to act. While the numbers in place are loose and it’s early in this process, there is a great number of California residents who are in support of the huge market that exists for this industry. The…

Missouri Sports Betting Could Generate $15 Million in Tax Dollars

Missouri Sports Betting Could Generate $15 Million in Tax Dollars

Missouri sports betting could reportedly create as much as $15 million in tax revenue, according to a new analysis. A new proposal known as House Bill 1666 presented to state legislatures today proclaimed that tax from sports betting could create between $7.8 million and $15.3 million. This pot would go towards funding for state schools….

Post-Super Bowl Era TROUBLE for Sports Betting Agencies?
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Post-Super Bowl Era TROUBLE for Sports Betting Agencies?

The short, periodic interjections of comedy, terror, and emotional prodding, also known as commercials, could be argued as the highlight of Super Bowl weekend every year.  Okay— maybe the commercials are not always the knee-slapping comedies or tear-jerking tragedies that they used to be, but they are still guaranteed to capture the attention of millions…

2022 NCAA Tournament, “Madness” in Nationwide Betting Approach
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2022 NCAA Tournament, “Madness” in Nationwide Betting Approach

The 2022 NCAA Tournament is less than one month away from its first extended weekend of action, which will officially start Sunday, March 13. The American Gaming Association estimated before last year’s tournament that $8.4 billion would be bet on the thrilling spectacle, and now that more states have legalized sports betting and gambling is…

Minnesota Sports Betting Gets Extra Push from Lawmakers

Minnesota Sports Betting Gets Extra Push from Lawmakers

A group of five Minnesota lawmakers held a press conference Wednesday to express interest in legalizing in-person and online sports betting. The lawmakers, all Republicans, claimed that legalizing Minnesota sports betting would be a win for the state and citizens alike. Minnesota Sports Betting Gains Support  Senator Roger Chamberlain is heading the effort— Chamberlain previously…

New York Sports Betting Clears Expectations, Sets Records
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New York Sports Betting Clears Expectations, Sets Records

New York sports betting is the new center of American entertainment. The Big Apple only needed three weeks to set a month’s record for total betting handle after legalizing online betting on January 8th. Fast forward to the conclusion of the state’s first 30 days of operation and it has collected nearly $2 billion in…

The Push to Get Ohio Sports Betting Up and Running by 2023

The Push to Get Ohio Sports Betting Up and Running by 2023

Ohio sports betting is now a reality after Ohio became the 33rd state to legalize gambling online and in brick-and-mortar locations last December, moving the state into the new reality of widespread sports betting in America. More than $52.7 billion was wagered in sports bets in America last year, up over 200% more than in…

Virginia Nearly Sets a New Sports Betting Handle Record for December

Virginia Nearly Sets a New Sports Betting Handle Record for December

The Virginia Lottery released its sports betting report to close out its first year of entering the industry. The handle exceeded $400 million for the third consecutive month, nearly topping the record. However, operators saw a decline in revenue due to the user-friendly results for the month.

Wynn Resorts to Sell its Online Sports Betting Business at a Steep Discount

Wynn Resorts to Sell its Online Sports Betting Business at a Steep Discount

Las Vegas-based casino giant Wynn Resorts may be in the works of selling its online sports betting unit Wynn Interactive at a very steep discount of $500 million. The reason behind this potential move is due to the number of losses, taxes, and promotion costs to stay competitive in the industry.

PlayUp Bolsters U.S. Exec Team

PlayUp Bolsters U.S. Exec Team

PlayUp has secured an investment of USD $35.0 million from Sam Bankman Fried’s crypto exchange, FTX, in Q4 2021. This financing round will be used primarily to accelerate PlayUp’s U.S. market access.

In addition to their investment in PlayUp, FTX has been actively investing in partnerships and endorsement deals in the sports and esports arena over the past twelve months.

SharpLink Gaming Acquires FourCubed
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SharpLink Gaming Acquires FourCubed

SharpLink has acquired certain assets of FourCubed for total consideration of $8.15 million, which consists of $6.5 million in cash and the issuance of approximately 600,000 restricted ordinary shares of SharpLink. The transaction also provides for an earn-out payment of up to approximately 600,000 additional restricted ordinary shares based on the acquired business achieving specific agreed-upon performance benchmarks.