Regulated sports betting in Tennessee hit a major snag this week when public comments revealed some major problems in the state's plans to offer regulated wagering. From how to pay out parlays to how much cash sports betting operators must keep on hand, the Volunteer State just can't seem to figure out how sports betting…
Maryland lawmakers are readying legislation that would allow for regulated sports betting in their state. SB 58, which was filed late in 2019 by Senator Chris West (R). In doing do, West assured that the bill would be one of the first item on the legislative agenda for 2020. Under the term of the bill,…
For gambling operators across the globe, 2019 was either a year to celebrate sports betting or a time to weather an increasingly harsh regulatory environment. No matter what part of the world you were operating in, your business would have been profoundly impacted by these two factors over the past 12 months. If you were…
Pennsylvania's gambling market is one of the more underrated markets in the country. For years, land-based Keystone State casinos have been leeching off players from nearby Atlantic City, forcing New Jersey operators to rely more on online gambling and sports betting to make ends meet. These days, Pennsylvania casinos are still raking in big bucks,…
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…
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