Industry
Underdog Investing $1 Million into Responsible Gaming Fund GuardDog
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
GuardDog will help identify and fund solutions dedicated to creating and cultivating responsible gambling. It will focus primarily on the technological space but will also offer mentorship from a variety of high-ranking individuals in the legal sports betting industry.
10/10/2023
IndustryPatrick Mahomes’ Slide During Chiefs vs. Jets Created Heavy Betting Losses
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
The belief is that over $80 million was wagered on the outcome, which means that Mahomes’ decision to slide instead of taking the open path into the end zone likely won the books tens of millions of dollars.
10/02/2023
IndustryGenius Sports Announces New NFL Streaming and Betting Unifier BetVision
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
The new system will integrate live streaming with betting slips and a variety of statistical information to create a holistic experience for bettors. Customers will be allowed to place bets from the live-stream player inside their favorite online sportsbook or mobile betting app.
09/26/2023
IndustryFanDuel Bettors Strike Gold With Absurd $20 Million Field Goal Parlay
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
A handful of savvy NFL bettors were rewarded for their confidence in Week 2 when a +20000 pre-made parlay cashed. FanDuel sportsbook offered a deal where, if a player from every team in the 1:00 p.m., 4:05 p.m., and 4:25 p.m. games made a field goal, they would win 200x their stake.
09/22/2023
IndustryDraftKings Continues Growth, Moves Ahead of FanDuel in New Jersey August Returns
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
The Division of Gaming Enforcement revealed that legal sportsbooks in The Garden State produced $96 million in revenue, a 47.1% year-to-year increase. DraftKings was the leader of all sportsbooks with $56.9 million in revenue, more than 50% of the state’s overall total and FanDuel’s revenue of $25.7 million.
09/19/2023
IndustryNFL Betting Reigns Supreme As Week 1 Numbers Up Dramatically from 2022
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
According to geo-tracking company GeoComply, 242.3 million unique transactions were processed across the country’s legal sports betting jurisdictions. That represented a 56% year-to-year increase and, unsurprisingly, was the most active recent period for sportsbooks.
09/14/2023
NFLDraftKings Sportsbook Apologizes for Posting Parlay Inspired by 9/11
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
However, the nature of the 9/11 parlay—which it called “Never Forget”—was seen as distasteful by many DraftKings users. Social media was flooded with posts shaming and disavowing the decision to publish the bet.
09/12/2023
IndustryCrypto Gambling Platform Lost More Than $40 Million in Unauthorized Transfers
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
Known by many for its partnership with rapper and entertainer Drake, Stake reported $16 million worth of withdrawals in Ethereum, Tether, USD Coin and DAI Monday morning, per Web3 security firm Cyvers. Crypto sleuth ZachXBT corroborated the report and also revealed another $25 million had been lost on Polygon and the Binance Smart Chain.
09/05/2023
NewsFanatics Debuts Jersey Promotion for New Sports Betting Customers
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
For Fanatics, “Dress for success” is simply another tool it is using to promote its sportsbook, as the company is offering up to $150 for first-time customers who wager at least $50 using their sports betting platform.
09/04/2023
NewsSouth Park, Friends Were Top Non-Sports Shows for Sportsbook Ads
![Grant Mitchell Grant Mitchell](https://www.usalegalbetting.com/img/width=60,height=60/40/2022/11/02/grant-mitchell-pic.png)
Even though South Park and Friends are in no shape or form related to sports, they were more popular landing spots for sports betting companies’ ads than the PGA Tour and SportsCenter, which… averaged 745,000 viewers during the first six months of 2023.
08/31/2023
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