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.
UPDATE: Colts player under investigation by NFL for gambling activity
According to ESPN, 100 or so bets were placed under sportsbook account belonging to an associate of a Colts cornerback, with most of the bets in the $25-$50 range and some made on Colts games.Read More
With casinos closed, gambling revenue declines drastically in Indiana
Indiana took a major hit in expected gambling revenue during March, not only because of closed casinos, but because the cancellation of major sports events severely limited sports betting.Read More
Regional divide opens up in sports betting legislation
By year's end, legalization is possible in a dozen states in the Northeast and Midwest. But most states in the Deep South and far West are staying on the sidelines, at least for now.Read More
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 announced Tuesday that the sports media giant will partner with gambling operator Penn Entertainment to launch a nationwide string of ESPN-branded sportsbooks.
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.
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.
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.
A survey of 145 Division I public universities in the states where sports betting is legal found that only 23% had published sports betting policies. Purdue University is one of them.
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.
The American Gaming Association predicted that $3.1 billion will be wagered on this year’s tournament, a figure that includes legal bets as well as those placed with illegal bookies or offshore web sites.
Sporttrade Inc. offers users a betting exchange through which they can trade sports bets as if they were stocks.
The American Gaming Association forecasts that over $7.6 billion will be wagered on pro football’s championship game set for Sunday.
The Indiana Gaming Commission said the state’s online and retail sports wagering operations could accept bets on alpine skiing, bobsled, cross-country skiing, curling, ice hockey, short-track speed skating and speed skating.
Based on data from the Indiana Gaming Commission, sports bettors placed more than $460 million in wagers in December, up from the November handle of $463.7 million.
Sports betting analysts say interest in football, particularly the Indianapolis Colts, Indiana University and Notre Dame, is fueling wagers.
According to a revenue report released Friday by the Indiana Gaming Commission, the sports betting handle more than doubled from July to August to reach its highest mark since February, before the pandemic hit the state.
The $91.7 million that Indiana sportsbooks accepted last month is almost triple the amount wagered in September when sports betting became legal.
PlayUSA.com Network, a news and research organization that follows sports gambling and operates PlayNJ.com and PlayIndiana.com, called the first-month data “impressive.”
Indiana will become the 12th state—and the first in the midst of major Midwest markets—with sports betting when a new state law takes effect Sunday.
Indiana casinos are racing ahead with preparations to launch legalized sports betting in early September, looking to seize an advantage over competitors in Chicago and other nearby large markets where such wagers aren’t yet allowed.