Since the Supreme Court puts its ok on the legalization of sports betting in the United States this once sleepy corner of the gambling world has experienced something of boom. Businesses of all stripes are doing whatever they can to get in on the action; businesses like TD Ameritrade, one the country's largest discount brokerage…
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…
Atlantic City Mayor Marty Smalls has a problem with regulated sports betting in the United States. More specifically, Mayor Smalls has a problem with the amount of tax revenue his city receives from the newly regulated activity, which the Mayor says currently adds up to nothing. In a series of recent interviews and announcements, Mayor…
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…
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…
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…
The Nevada Gaming Control Board (NGCB) is making moves to strip casino mogul Steve Wynn of his coveted Nevada gaming license. It's an action that comes years after allegations of extreme sexual harassment by former Wynn employees. The move is victory for those who demand accountability for sexual misconduct in the workplace, but marks the…
Gambling, in one form or another, is legal in all but two US States. Most Americans live just a few hours away from regulated casinos, no matter which state they reside. All that legal gambling, however, has never been a deterrent to always thriving black market - as a series of recent police raids on…
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