Industry
Nevada Posts Massive Annual Increase in July Sports Betting Revenue
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
The huge spike came as the state generated $25.3 million in revenue in July, a massive increase on the $9.5 million in June. That’s despite major sports leagues such as the NFL, NBA and NHL enjoying their respective offseasons and leaving sports bettors with few choices for mainstream events.
08/31/2023
NewsSporttrade Launches in Colorado, Lets Users Buy and Sell Bets Like Stocks
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
The company’s model is unique in that it makes live betting as smooth as possible. There aren’t delays or market locks for odds updates as there are at other online sportsbooks. Instead, it relies on the exchange market that connects users in real-time.
08/30/2023
NewsFanatics In Process of Obtaining Licensing in Pennsylvania via PointsBet Transfer
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
The Pennsylvania Control Gaming Board (PGCB) already approved the transfer in ownership between the two companies, which agreed on a $225 million sale that saw Fanatics acquire the rights to PointsBet’s North American assets. The transfer happened without any additional discussion.
08/28/2023
NewsAmerican Sports Betting Market Surpasses $250 Billion Handle With NFL Boost Approaching
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
The repeal of PAPSA opened the floodgates for states to legalize their local wagering markets. Despite hesitation and speculation (which still continue in different states), legal sports betting has been a resounding hit and is now becoming interwoven with the fabric of sports themselves.
08/25/2023
NewsStudy Shows One in Five Men Risk 25% of their Paycheck on Sports Betting
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
61% of respondents that indicated they bet on sports said that they did so daily or weekly. On top of that, four in five said that they spend up to six hours per day on various online sportsbooks or sports betting mobile apps.
08/23/2023
NewsFanatics Sportsbook’s Fancash Lets Users Win Back Money With Every Sports Bet
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
Users have the opportunity to win up to 5% of their wagers back with Fancash, which is a currency that can be used at the Fanatics sportsbook or on Fanatics merchandise. In the same way bet slips show combined/parlay odds for multiple wagers, Fanatics will show the Fancash total for a bet slip with at least one selected wager.
08/18/2023
NewsUnderdog Fantasy Blasts FanDuel, DraftKings for Wanting a “Monopoly”
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
Underdog believes that the development and growth in the Fantasy Sports community is coming to the detriment of FanDuel and DraftKings, which is why they are using “their deep pockets and political muscle to try to influence government officials, and exerting their market power to influence [Underdog’s] business partners.”
08/12/2023
NewsPENN Partners with ESPN for ESPN Bet, Sells Barstool to Dave Portnoy
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
ESPN, the American leader in worldwide sports coverage, will now be in charge of creating betting lines for a variety of sports events. Other top online sportsbooks will still have the opportunity to advertise their platforms on ESPN despite the new deal.
08/11/2023
NewsJake Paul’s Betr Launches Betr Picks Fantasy Sports Ahead of Nate Diaz Fight
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
Betr Picks was described in the company’s press release as “pick ’em style fantasy games,” making it akin to the popular betting platform Prize Picks. Betr’s new vertical is already available in 24 states despite Betr’s sportsbook being restricted to Ohio, Massachusetts, and soon, Virginia.
08/03/2023
NewsFOX Bet Shutting Down After Struggling to Get off the Ground
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
“A phased closure of FOX Bet’s operations will take place between 31 July and 31 August 2023,” a press release confirmed. The decision comes after the sportsbook struggled to compete with other top powers in the American sports betting landscape such as FanDuel, DraftKings, and BetMGM.
08/02/2023
News- US Legal Sports Betting
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