Industry Updates

Update from the editors: LineLibrary was changed to Vigtory, then sold to FuboTV, and is now closed. This post will remain live for a historical archive. LineLibrary was a Chicago-based startup that had its sights set on completely changing the way sportsbooks do business. With a vision of “creating the NASDAQ of sports betting markets,”…

Prior to the Supreme Court ruling on sports betting, the legal options were few for those in the United States who wanted to have a wager on sporting events. Daily fantasy sports was one niche that filled the void for many.

The US sports betting boom will not be reserved solely for brick-and-mortar and online sportsbook operators. For example, states in which sports betting has received a green light are already seeing their coffers boosted via additional tax dollars.

The days of winks and nods when it comes to sports betting are all but over. As legalization issues are hammered out across the United States, sports betting is becoming even more engrained in mainstream culture.

As legalized online gambling continues to gain momentum in states around the country, opposition of this national trend have begun to gain footing. When it comes to the opposition of online gambling, there is no singular voice as determined and well-funded than that of Sheldon Adelson.

It has been over a year since the landmark ruling from the Supreme Court of the United States which effectively placed the question of the legality of sports betting in the hands of state legislatures.

Multiple reports indicate that Caesars Entertainment Corporation is moving closer towards a deal to merge with Eldorado Resorts Inc. Naturally, the deal is contingent upon financing and could still go by the wayside before coming to fruition.

Sports betting integrity fees became a hot-button issue during the run-up to the Supreme Court’s PASPA decision and immediately after. Yet, of the many states that have legalized sports betting since the PASPA decision, not one adopted integrity fees. Even the federal bill that sought to regulate sports betting in 2018 included zero integrity fee…

The PGA Tour is set to take its relationship with gambling to the next step. On Tuesday, the PGA Tour announced changes to its policies that will allow players and tournaments to reach sponsorship agreements with casinos and other gambling companies.

DraftKings has secured its position as a major player in the developing online sports betting and gambling market in the US through a multi-year deal reached with Caesars Entertainment yesterday that will grant DraftKings access to states where Caesars operates and sports betting is legal.