Find the latest news related to legal sports betting including state and federal laws.
Domestic sportsbooks are feeling the heat of competition as profits dwindle in a crowded market. And while everyone could have expected some smaller brands to abandon ship, none thought that it would happen with such haste. Churchill Downs Jumps Ship After less than three years of mobile sportsbook operations, Churchill Downs Inc. (CDI) has opted … Read more
Locally-owned casinos and adventitious outside gaming entities are coming head to head this year as they each vie for territory in legal sports betting states. California has become the focus of 2022, with its rich gambling population and increased tourism. It has become the gold rush of the 21st Century and commercial sportsbooks are in … Read more
With recent rumblings in both the House and Senate, legislators are holding onto hope for the 2022 authorization of Missouri sports betting. On Tuesday, three measures will come before the House Committee on Public Policy. If the group chooses to approve any of the sports betting bills, the measure would move forward for Senate approval … Read more
Arkansas’ gaming regulators have to hammer out a few critical details before authorizing a statewide mobile sportsbook launch. Fortunately for residents, the kickoff could happen in a matter of days. One Step Closer To Launch On Thursday, the Joint Budget Administrative Rule Review Subcommittee voted to approve the state’s mobile gaming framework. The vote came … Read more
Industry analysts set their expectations high for Super Bowl betting and, according to a recent statement, bettors seem to have met the mark. Most legal sports betting states have yet to release official revenue reports from Super Bowl Sunday. The first of these states to go public with that information was Illinois who, for the … Read more
Normally here at SBL, we try to stay out of politics. At least, we try to stay out of politics unless we’re actually covering political odds or politically relevant current event odds and the like. And even then, we’re not trying to rock the boat. We might play the part of the cynic and break … Read more
As mobile sportsbooks continue to help east coast states reinvigorate local economies, lawmakers in North Carolina are giving urgent consideration to the prospect of an expanded sports betting framework. The Need For New Revenue For many states who had previously turned their nose at sports betting as a source for government funding, the issues at … Read more
This week’s Super Bowl betting hype isn’t limited to the mainland United States. To the surprise of many, Puerto Ricans seem to love the NFL as much as American fans. So much so that the island is authorizing a one-weekend-only sports betting extravaganza in honor of the big day. Details For The Weekend’s Event Now … Read more
Missouri lawmakers have forgone millions in annual revenue by dismissing several years of sports betting legislation. But as impressive financial reports from neighboring sports betting states begin to roll in, legislators seem ready for a change of heart. Bills Float Through The House A handful of bills related to the legalization of Missouri sports betting … Read more
Legal sports betting states have reported back-to-back record-breaking revenues since the start of the NFL season about six months ago. In that time, a handful of states welcomed or expanded sports betting for their residents. And while state governments and local bettors have both seen massive profits with the advent of legal sportsbooks, operators have … Read more
Massachusetts sports betting has long been an uphill battle. Despite loud and overwhelming favor from the state’s constituents, lawmakers have proven unable to get a document to the Governor’s desk. What’s Keeping Mass Behind The Crowd Nearly four years of efforts by both grassroots workers and legislative figureheads have come and gone. Time and time … Read more
Louisiana sports betting became an instant success after its initial launch in October of 2021. Across the state’s eleven commercial sportsbook locations, casinos raked in an additional $10 million in gaming revenues. And while retail betting has done its job in reviving local gambling rooms, legislators have kept their eye on a bigger goal: mobile … Read more