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.
Sports betting
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Super Bowl expected to smash betting records, with nearly 68M U.S. adults wagering
The volume of betting participation is projected to be 35% higher than last year, which was the previous record, according to the American Gaming Association.
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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.
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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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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.
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Articles
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.”
New poll breaks down why people fill out March Madness brackets
The survey found that about one-quarter of Americans fill out a men’s March Madness bracket “every year” or “some years.”
Player banned for life by MLB for gambling played with Indianapolis Indians
Four other players were suspended for one year by Major League Baseball on Tuesday in the game’s biggest gambling scandal in decades.
NCAA President urges state lawmakers to ban betting on individual athletes
The American Gaming Association estimates $2.7 billion will be bet this year on the NCAA men’s and women’s basketball tournaments through legal sportsbooks.
On betting’s biggest day, new scandal puts sports world on edge
Players, leagues and fans have been reckoning with the still-unfolding effects of sports gambling since a Supreme Court ruling handed the question of legalization to states in 2018. Each constituency may be arriving at the realization those impacts have mushroomed beyond anyone’s control.
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.
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.
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.
Sports betting grows on campuses with few restrictions
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.
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.
45M Americans expected to bet on March Madness hoops
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.
Philly-based sports betting exchange eyes 2023 launch in Indiana
Sporttrade Inc. offers users a betting exchange through which they can trade sports bets as if they were stocks.
31M Americans to bet on Super Bowl, gambling group estimates
The American Gaming Association forecasts that over $7.6 billion will be wagered on pro football’s championship game set for Sunday.
Indiana allowing sports wagers on 7 Winter Olympic events
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.
Indiana sportsbooks end 2021 with near-record month
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 keeps hitting record highs in Indiana
Sports betting analysts say interest in football, particularly the Indianapolis Colts, Indiana University and Notre Dame, is fueling wagers.