A recent note from the gaming sector analysts at Goldman Sachs should give US sports betting operators some pause for thought. Looking at the prospects for recently floated sports data and related services supplier Genius Sports, Goldman’s team boasted the company as a “best-in-class provider of picks-and-shovels” to the sports-betting sector.
Nevada has the only gambling treatment diversion court (GTDC) in the country, but efforts are underway in several states to launch a similar program. One of those states, New Jersey, looks to be the closest to establishing a GTDC.
The Indian Gaming Regulatory Act (IGRA) was established in 1988 as a “means of promoting tribal economic development, self-sufficiency, and strong tribal governments.” Thirty-plus years later, it’s safe to say that The IGRA has accomplished that goal.
Barring a Jean Van de Velde-type implosion, John Rahm was on his way to posting his sixth career PGA Tour win this past weekend. Rahm held a six-stroke lead entering the final round of The Memorial Tournament but was forced to withdraw after testing positive for COVID-19. Rahm bettors went from excitement to misery and…
There’s a lot of chatter about the challenges of the state-by-state approach to legal US sports betting and online gambling. From local server requirements to licensing costs to disparate regulations, operators are finding the US online gambling landscape a hard row to hoe.
It’s no secret promotional spend in some key sports betting states remains at elevated levels. However, what is surprising is not all operators are feeling the impact equally.
The local TV industry is one of the biggest winners of the 2018 Supreme Court verdict that lifted a ban on sports betting in the United States. According to ad-spend data released by Nielsen, money spent on online gambling advertising on TV has ballooned since the repeal of PASPA, as the number of states with…
The Kentucky Derby is the premier event on the horse racing betting calendar, but in a sport already known for scandal, the Derby has been the recent recipient of multiple black eyes. A failed post-race drug test from Derby winner Medina Spirit means that the results are in question for the second time in three…
Just because you can do something doesn’t mean you should. It appears the legal US sports betting industry was absent the day this lesson was taught in Sports Betting History 101. In fact, the fledgling industry looks to be hellbent on repeating every misstep made in the European markets.
Jim “Mattress Mack” McIngvale can’t catch a break. The Houston, Texas furniture store owner placed a significant bet on Essential Quality to win the Kentucky Derby this past weekend, only to see the favorite finish in fourth place.
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