Casino giant Caesars Entertainment reports cyberattack, joining MGM Resorts
While some MGM Resorts computer systems were still down, Caesars told federal regulators on Thursday that its casino and online operations were not disrupted.
Gambling
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NCAA has found 175 sports-betting violations since 2018, new chief says
In a letter, NCAA President Charlie Baker said there are 17 active investigations into infractions of its sports-betting policy.
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NCAA maintains tough penalties as legal sports gambling grows
More than 40 athletes from the University of Iowa and Iowa State University could be facing discipline from both law enforcement and the NCAA for impermissible online wagering. The NCAA consequences could be far worse than the legal ones.
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Former church business manager sentenced to 2 years in prison
Investigators say Marie Carson illegally transferred $573,836 in church and school money into her private accounts from 2008 to 2021 and used much of the money to pay for casino gambling and an annual month-long vacation to Florida.
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Indiana horse racing a $2B industry, study finds
Indiana’s horse racing industry has more than doubled in economic value in the past decade, according to a study led by Purdue University.
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Articles
As sports betting spikes, help for problem gamblers expands in some states
Since the U.S. Supreme Court cleared the way for legalized sports betting five years ago, nearly three-fourths of the states have moved swiftly to allow it.
Lottery ends fiscal year sending near-record amount to state
Although gaming officials celebrated the year’s high revenue and sales, they cautioned that three multi-state, billion-dollar jackpots—which boosted revenue—weren’t stable elements for future budgeting and planning.
As college football season arrives, schools pay monitors to stop players, staff from gambling
The spread of legalized sports gambling—and some early scandals—have captured the full attention of athletic departments and conference offices. All major conferences are paying independent betting monitors to make sure their athletes abide by the rules—and to catch those who are not.
ESPN, Penn Entertainment strike $2B deal to rebrand sportsbooks as ESPN Bet
ESPN announced Tuesday that the sports media giant will partner with gambling operator Penn Entertainment to launch a nationwide string of ESPN-branded sportsbooks.
Indiana sports wagers begin to dip as neighboring states join the market
Last year, Indiana sports betting peaked at $4.4 billion worth of bets, but Hoosier sports wagers slowed in the first half of 2023 when Ohio joined the fray. For instance, in June, sports betting in Indiana was 13% lower than the $256 million registered in June 2022.
UPDATE: Colts’ Rodgers, Berry suspended indefinitely for violating NFL gambling policy
Isaiah Rodgers and Rashod Berry won’t be able to seek reinstatement until the 2023 season ends.
Colts keep Rodgers out of practice as NFL investigates gambling allegations
Indianapolis Colts cornerback Isaiah Rodgers Sr. did not practice with his teammates Wednesday. It’s unclear when—or if—he’ll return.
Indiana Lottery to send projected $362M surplus back to state
The Hoosier Lottery expects to make $1.7 billion in sales by the end of the fiscal year, which ends June 30. That’s up 1.6% compared with last year.
Americans have bet $220B on sports in 5 years since legalization
Two-thirds of the country now offers legal sports betting, with additional states likely to join in coming months or years.
NFL attempting balancing act when it comes to legalized gambling
Some say the NFL is hypocritical for suspending players for gambling after embracing legalized wagering as a major source of revenue. Others see it as necessary for the league to maintain public confidence that its games are on the up and up.
As U.S. sports betting booms, online casino gambling slow to expand
While two-thirds of the country now offers legal sports betting, only six states offer online casino gambling, confounding industry hopes that the rapid growth of sports betting would also bring internet casino wagering along with it.
Mobile sports bets booming in some states as others shy away
Nationwide, legal sports betting has generated more than $3 billion in state and federal taxes since the 2018 Supreme Court ruling allowing it, according to the American Gaming Association.
Online casino gambling appears off the table for this legislative session
A proposal to legalize online casino gambling in Indiana has failed to gain traction for a third consecutive year despite earlier optimism about its prospects. A powerful confluence of factors led to its demise.
Super Bowl betting projected to reach $16 billion this year
The American Gaming Association forecasts that 1 in 5 American adults will place a bet on Sunday’s NFL championship game between the Philadelphia Eagles and the Kansas City Chiefs.
Legalizing online casinos lands backing of House committee chair
Rep. Ethan Manning, a Republican from Logansport, said he’ll introduce a bill to allow online casino games, taxing revenue at an 18% rate and sharing some of the proceeds with cities and counties where casinos are located.
Unresolved NFL schedule creates uncertainty for sportsbooks, fantasy sports sites
Every sportsbook has terms of service that establish how it handles such scenarios, but the fantasy football side of the equation is much trickier to solve.
Indiana lawmakers closer than ever to expanding legalized online gambling
A recent study suggests Hoosiers are likely spending hundreds of millions of dollars a year in illegal, online gambling—things like poker and slot games.
Sportsbooks say you can win big. Then they try to limit winners.
Many U.S. sportsbook operators are seeking to boost profits by weeding out winning customers. Bettors who show signs of savvy are being limited faster and more aggressively than in the past.
Defying inflation worries, U.S. casinos have best quarter ever
Sixteen states reported quarterly highs in overall gambling revenue, including five of the six largest markets: Indiana, Michigan, Nevada, New York and Pennsylvania.