Online gambling wagers will close in on $1 trillion in annual worldwide spend by 2021 according to a new study from Juniper Research. The technology analytics firm estimates that total internet wagers will soar to $950 billion over the next five years and eclipse the $1 trillion mark in 2021. […]
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New Jersey Sports Betting Efforts Cost the State $5.1 Million, Football Back on the Books
New Jersey sports betting efforts in the Garden State cost Governor Chris Christie’s (R) government $5.1 million in legal fees. As reported by The Record, New Jersey Attorney General Christopher Porrino’s office says $5,179,885 was paid to the law firm of Gibson, Dunn & Crutcher relating to the state’s wishes […]
New York Sports Betting Legislation Likely to Reach Albany in January
New York sports betting legislation is expected to reach the state’s capital when the legislature reconvenes in Albany next January. Assemblyman Gary Pretlow (D-District 89) recently revealed his plans to introduce a statute to regulate the market and end Nevada’s monopoly on sports betting. “I am a believer in legalizing […]
Sportradar Nearing Deal With NBA to Distribute Data and Content
Sportradar is on the radar of the National Basketball Association (NBA). Headquartered in Switzerland with a satellite office in Minneapolis and cloud-based services in San Francisco, Sportradar became a major data analytics company last fall when NBA legend Michael Jordan and franchise owners Ted Leonsis and Mark Cuban made a […]
New Jersey Looks to US Supreme Court in Sports Betting Case
New Jersey sports betting has been shot down by the Third Circuit Court of Appeals, but the fight isn’t over. On Tuesday, the federal appeals court said New Jersey’s wishes to legalize gambling on sports is in violation of the Professional and Amateur Sports Protection Act (PASPA) that dates back […]
NBA Commissioner Adam Silver Calls for Legalized Sports Betting
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, […]
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 […]
Nevada Sportsbooks Continue Record-Setting Pace, January Sets New High
Nevada sportsbooks hauled in $448.2 million in wagers during the month of January for a win of $19.63 million, the most ever bet during the month in the Silver State. The net income falls just short of last January’s $20.3 million record hold. “We are continuing to see the trend […]
New Jersey Sports Betting “En Banc” Hearing Could Reshape How Americans Gamble
The New Jersey sports betting case goes back to court on Wednesday, but this time instead of three Third Circuit judges there will be 12, as is pursuant to the special “en banc” appeal hearing stipulations. Soon after voters favored a referendum to allow sports betting in 2011, the so-called […]
Pennsylvania Sports Betting Resolution Passes State Gaming Oversight Committee
A Pennsylvania sports betting resolution passed through the state’s House Gaming Oversight Committee this week in nearly unanimous fashion, moving residents in the Keystone State closer to being permitted to legally bet on sporting events. Authored by State Rep. Nick Kotik (D-District 45), HR619 is a resolution that urges the […]