Americans can’t stop betting parlays. Sportbooks are cashing in.
Bettors lose billions of dollars a year on parlays, the data shows, and operators bring in far more revenue for every dollar wagered on these bets than they do straight bets.
Gambling
Articles
NCAA bans 3 college basketball players for betting on their own games
The Indianapolis-based NCAA said the three Division I players bet on one another’s games and/or provided information that enabled others to do so during the 2024-25 regular season. Two of them manipulated their performances to ensure certain bets were won.
Global law firm ups competition for Indiana casino clients
Greenberg Traurig LLP, a firm with global coverage in multiple disciplines, has made some prominent hires in its Chicago office this past year, with a particular focus on Indiana casino gambling and lobbying.
Gambling on WNBA is way up, led by bets placed on Indiana Fever games
With fan interest in the WNBA exploding since Caitlin Clark’s rookie season, sportsbooks are eager to cash in. And the WNBA is courting gamblers more aggressively than ever.
NCAA seeks safe bet amid surge in sports gambling
The organization’s once-icy relationship with the sports betting industry is beginning to thaw, but the Indianapolis-based nonprofit is still holding legalized gambling at arm’s length as it evaluates the impact on college sports.
NCAA considering proposal to allow college athletes, staff to bet on pro sports
The shift comes as the Indianapolis-based organization grapples with the growth of legalized gambling across the United States.
Bettors avoiding favored Thunder in NBA Finals against Pacers
The Oklahoma City Thunder are such heavy favorites to win the NBA title that many bettors are looking for other wagers instead.
Hoosier Lottery adjusts forecast, OKs ‘cautious’ business plan for next year
In a forecast revealed during a Tuesday commission meeting, lottery revenues were expected to end the 2025 fiscal year on June 30 down by almost 4%.
Caitlin Clark, Indiana Fever draw heavy betting action as WNBA season prepares to open
Clark’s star power and the Fever’s offseason moves to bolster an already competitive roster around her is drawing strong interest from sports bettors.
Sportsbooks ‘cringe’ at NFL Draft—but take bets anyway
The NFL draft is the marquee event of the league’s offseason—and a nightmare for some sportsbooks.
Lawsuit accuses DraftKings, FanDuel of driving ‘compulsive gambling’
The city of Baltimore accuses the sports betting companies of violating state and city law by engaging in “unfair and deceptive practices.”
Could Indianapolis get a casino? Lawmakers signal very early signs of support.
The Indiana Legislature would have to approve moving any existing gaming licenses or creating new ones.
iGaming legislation for Hoosier Lottery, casinos dead for session
Under the bill, Indiana would have joined 14 other states with digital lottery games, including Kentucky, Illinois and Michigan.
Bill amendment seeks to block charities from operating like true casinos
The amendment begins by renaming popular “casino game nights” to “card, dice and roulette games events.”
Revised Indiana casino bill calls for study on best locations
Efforts to move the gaming license for one of Indiana’s underperforming casinos have stalled this year, but a newly filed bill seeks to carry momentum into future legislative sessions.
Senate approves electronic pull tabs for charity gambling as House OKs immigration notice mandate
Also past the halfway point are bills on voting, water transfers and teacher pay. The House, meanwhile, pulled back on divorce and municipal election changes.
Indiana casino relocation nixed without a vote
A bill to move a casino license from Rising Sun to New Haven was pulled by the chairman of the Public Policy Committee.
Ex-Jaguars worker who stole $22M sues FanDuel, saying it preyed on gambling addiction
The lawsuit claims FanDuel gave the team’s former financial manager more than $1.1 million in gambling credits and besieged him with enticements to gamble more, including having his personal host contact him up to 100 times a day.
Key lawmakers say Indiana casino’s proposed move is worth consideration
Full House Resorts says Rising Star Casino Resort, in the Indiana city of Rising Sun, is the worst-performing location in its portfolio and it wants to move it to another location 150 miles away.
Indiana’s gambling regulatory leader steps down
Executive Director Greg Small plans to step down Sept. 20 after three years in charge of the Indiana Gaming Commission.