Articles by: Grant Mitchell

As the national handle increased, so too did legal sportsbooks’ revenues. Online and retail operators combined to generate $16.2 billion in gross gaming revenue (GGR) in Q3 2023, a 6.7% improvement on Q3 2022.

The 13-member group submitted its findings in a 95-page report. The Mississippi legislature is planning to explore an online sports betting bill during the 2024 session, which starts on Jan. 2, though many lawmakers still oppose the expansion of gambling.

Blake C. Fitzgerald, 40, live-streamed himself playing slot machines for gamblers who paid in advance. He was handed one felony charge in addition to three gross misdemeanor charges for instructing his viewers to break gambling laws.

According to the New Jersey Division of Gaming Enforcement, last month was the most successful in the state’s history since it legalized sports betting in 2018. That activity resulted in New Jersey sportsbooks claiming $95.9 million in revenue, an improvement on the $92.3 million claimed in October.

Johnson’s comments a couple of weeks after Mark Cuban agreed to sell a majority share of the Dallas Mavericks to Miriam Adelson, the largest individual shareholder in Las Vegas Sands and widow of the company’s founder. Both Cuban and Adelson already expressed interest in bringing a casino into Texas’ second-largest city.

DraftKings, FanDuel, and Fanatics Sportsbook were all awarded six-year online operator’s licenses. A total of five sportsbooks submitted applications to the Vermont Department of Liquor and Lottery, and those three were selected after a thorough vetting process.

Richard Daynard, who teaches at Northeastern University, said that there are glaring similarities between marketing strategies employed by sports betting operators and tobacco companies. Following his lead, The Public Health Advocacy Institute, at which Daynard serves as president, filed a lawsuit against DraftKings in Massachusetts last Friday. 

According to The Guardian, FanDuel, one of the largest online sportsbooks in America, lobbied in New York against a ban on verbiage that would attract those with or at risk of developing a gambling addiction. It also did not support a ban on sports betting advertisements near college campuses.

Meredith Whitney, known as the “Oracle of Wall Street,” said on Squawk on the Street on CNBC that as sports betting continues to increase in popularity, there will be even more customers that take on losses. As those losses incur, the current generation of homeowners will have nobody to sell their property to.  

The new game format requires users to make two-six selections of “More” or “Less” on a player prop. Customers compete against other DraftKings users and can win a piece of a prize pool with every Pick6 contest they enter.