How much will the US regulated sports betting industry be worth in five years? At the recently held NYC sports Betting Investor Summit in New York, a representative of Morgan Stanley suggested that the entire market could be pulling in around $7-$8 billion in revenue a year by 2025. It's a massive number that's dwarfed…
Voters in Colorado narrowly approved a measure this week that would allow the state's 33 licensed casinos to offer regulated sports betting. Though the bill never had much opposition in the days leading up to this week's election, it narrowly squeaked past the gate with a margin of just 23,000 votes. The bill the voters…
Australian operator Sportsbet is being held responsible for a large number of wagers it had cancelled after claiming the odds were posted erroneously. It's a rare example of an operator of any kind being held to account for wagers cancelled under terms like, "obvious or manifest errors”. The imbroglio over the cancelled wagers started when…
PGA Commissioner Jay Monahan is getting ready to embrace regulated sports betting in a big way. In a recent interview with the Agence France-Presse (AFP) at the Zozo Championship in Japan, Monahan struck a tone of acceptance that's become more and more common as American professional sports leagues have stopped worrying and learned to love…
Yahoo Sports and BetMGM are entering into a major partnership that's set to bring regulated sports betting content to a massivenew US audience. This partnership illustrates exactly how far regulated sports betting has moved into the American mainstream and how unlikely it is to ever return to its black market days. Under the terms of…
What region is generating the most suspicious wagers in the entire world of sports betting? According to a recent report by the International Betting Integrity Association (IBIA), it's Europe. More specifically, it's European soccer and tennis that are generating a good chunk of those suspicious bets. But the question here is whether or not this…
Pennsylvania's budding regulated sports industry saw revenue boom in September as American football hit its full stride. That boost from football carried over into all sides of the industry as Keystone State gambling operators saw increases in action pretty much across the board. In many ways, this is exactly what the gaming industry was hoping…
NHL Commissioner Gary Bettman wasn't always a fan of regulated sports. Like most high level sports executives, Bettman publicly disdained wagering and worried about the impact it would have on the integrity of the game. But these days, Bettman has stopped worrying and learned to love sports betting. At the recent Global Gaming Expo in…
Regulated sports betting is exploding across the United States and professional sports leagues are all looking to get a piece of the action. In that siloed off world, the in-play wagering segment is a major growth area that provides the leagues an in via their official data streams. But what if you were the Ultimate…
When regulated sports betting became a reality in the United States, the professional sports leagues (NFL, NBA, MLB, NCAA, and PGA) were put in an awkward situation. On the one hand, they'd squawked for decades that sports betting of any kind would destroy the fundamental integrity of their games. On the other hand, they know…
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