NBA Commissioner Adam Silver is leading the way of the United States’ so-called “Big Four” professional sports leagues when it comes to sports betting and gambling. Appearing May 24 on ESPN’s “SportsCenter,” Silver said of sports betting, “As I began to study this issue I realized that there’s this enormous, […]
Gambling Industry
Las Vegas Raiders Opposed by Minority Investors But Mark Davis Finds Support Through Patriots Owner Robert Kraft
The Las Vegas Raiders seem to already have their bags packed for Sin City, but before they board for their one-way ticket from their present home in Oakland, Bay Area investors are pressuring local lawmakers into trying to make amends with owner Mark Davis. This week the San Francisco Chronicle […]
Preakness Stakes Preview: Favorite Nyquist Draws No. 3 Post Position
The 141st Preakness Stakes breaks the gate on May 21 a little after 6:45 pm local time in Baltimore and two forecasts for the second leg of the Triple Crown are approaching near certainty. First, it’s going to rain, heavily at times, as meteorologists say there’s a 90 percent chance […]
eSports Sportsbooks Considered by Nevada Gaming Policy Committee, Facebook Gets in on the Game, Too
eSports was the topic of consideration at Nevada Governor Brian Sandoval’s (R) Gaming Policy Committee meeting on May 13, and the 52-year-old in his second term made no qualms about his lacking knowledge of the emerging market. “Today, with the agenda that we have, there is a lot for me […]
Daily Fantasy Sports Congressional Hearing Much Ado About Everything But Action
Daily fantasy sports (DFS) has been highly discussed in state capitol buildings across the country over the last 24 months, but on Wednesday the divisive emerging online gaming market made its way to Capitol Hill. Titled “Daily Fantasy Sports: Issues and Perspectives,” the House Subcommittee on Commerce, Manufacturing and Trade deliberated […]
Donald Trump and Hillary Clinton’s Two Likeliest VP Picks According to the Sportsbooks
Donald Trump and Hillary Clinton are preparing to do battle for the White House and become the 45th president of the United States. Though voters will largely decide which contender to select based on the candidates’ experiences, values, policies and positions for the future, a key piece of arsenal in […]
Saturday’s Kentucky Derby Could Set New Horse Racing Records
The 142nd Kentucky Derby posts at 6:34 ET Saturday at Churchill Downs in Louisville, Kentucky, and the first leg of the Triple Crown is ready to perhaps set new records for both viewership and total money wagered. Of the 22 horses scheduled to post in the gate, California owner Paul […]
Leicester City Overcomes 5,000-1 Odds to Win Premier League Title
The Leicester City Foxes are champions of the 2015-2016 Premier League. 12 months ago, a sentence combining “Leicester” and “champions of the Premier League” was restricted to satire. Listed at 5,000-1 odds of winning England’s marquee football competition to begin the season, Leicester City pulled off the unthinkable, and today […]
Las Vegas Sportsbooks React to Tom Brady’s Court Decision and Steph Curry’s Injury
Las Vegas sportsbooks were scrambling early this week to revise their odds and futures on both the NBA Playoffs and upcoming NFL regular season after two of the most valuable players to their respective franchises endured outcomes that will temporarily prevent them from playing. On Monday, the United States Court of Appeals […]
Sports Betting Event Hosted by American Gaming Association Takes Legality Discussion to Capitol Hill
Sports betting has been banned in the United States since the Professional and Amateur Sports Protection Act (PASPA) was passed and signed into law by President George H.W. Bush in 1992. For nearly 25 years, billions upon billions of dollars in sports betting revenues have moved offshore and provided no […]
Daily Fantasy Sports Hearing Scheduled by Congressional Subcommittee
Daily fantasy sports (DFS) has been deliberated in state capitals around the country over the last year and a half, but next month the emerging industry will be taken up in Washington, DC. On May 11, the House Subcommittee on Commerce, Manufacturing, and Trade will listen to the pros and […]
Las Vegas Sportsbooks Pick Golden State Warriors to Repeat in NBA Finals, Kobe Bryant Scores 60 in Farewell
Las Vegas sportsbooks are under the impression that reigning MVP Stephen Curry and the Golden State Warriors will glide their way to the NBA Finals and repeat as champions. The experts behind the lines typically know what they’re talking about, but when it comes to the Warriors even the casual […]
Daily Fantasy Sports Legislation Progresses in Missouri, Iowa, and Tennessee
Daily fantasy sports (DFS) is making legislative progress in three states and moving closer to establishing a stronger legal foothold in which to stand. Two bills are currently being discussed in Missouri, the Iowa State Senate has motioned to legalize DFS, and a Tennessee State House subcommittee has approved a […]
Illegal Sports Betting Ring Uncovered by NYPD, Poker Pro Jay Sharon Indicted
Sports betting is illegal in the State of New York, but that didn’t stop eight men from operating a gambling ring that is suspected of bringing in millions of dollars in criminal wagers. Among those indicted by the New York City Police Department (NYPD) is Jay “Ghost” Sharon, a self-described […]
Villanova Edges North Carolina With Last-Second Three-Pointer to Win 2016 NCAA Basketball Title
The Villanova Wildcats fans deserved that in more ways than one. Following their historic 95-51 rout of Oklahoma, the largest margin of victory ever in a Final Four game in which they covered the spread by 42 points, Nova was due for a nail-biter. On Monday night, the Villanova faithful […]
Daily Fantasy Sports Accused of Elevating Online Gambling Addiction Rates
Daily fantasy sports (DFS) is breeding a supplementary demographic of online gambling addicts, at least that’s according to a new report issued this week by Kaiser Health News (KHN). The California-based non-for-profit healthcare publication concludes that a drastic rise in calls to the state’s problem gambling hotline in 2015 directly […]
Las Vegas Odds Place North Carolina as NCAA Men’s Favorite, But Upset-Minded Syracuse Stands in Tar Heels’ Way
The Las Vegas odds on the 2016 NCAA Division I Men’s Basketball Final Four have up until 6:09 pm ET on Saturday before they become solidified, but there’s little wonder which team will be favored heading into the final three games of March Madness. The last remaining #1 seed, the […]
New York Attorney General Reaches Settlement With DraftKings and FanDuel as Operators Cease Operations in the State
New York Attorney General Eric Schneiderman is suspending his litigation against DraftKings and FanDuel for operating what he sees as illegal online gambling enterprises until an appeals hearing in September reaches a verdict. In exchange for his delaying of legal action, both daily fantasy sports (DFS) companies have agreed to […]
FIFA Plays Role of Victim, Asks United States Department of Justice for Restitution Money
FIFA, the Fédération Internationale de Football Association, is seeking tens of millions of dollars from the United States Department of Justice (DOJ) in an attempt to repair its damaged organization. On Tuesday, soccer’s governing body filed a “Victim Statement and Request for Restitution” in the US Eastern District Court of […]
2016 NCAA Men’s Basketball Bracket Madness Commences Tonight
The NCAA men’s basketball bracket is complete. Though each team’s goal differs, 68 college programs are vying to survive March Madness according to their own ambitions and potentially reach the Final Four in Houston, Texas. The NCAA tournament officially begins Tuesday with the First Four play-in games, but March Madness […]