Category: Sports Betting and Fantasy News
Las Vegas Grand Prix Tries to Win Local Residents
F1 returns to Sin City this weekend with hope that the Las Vegas Grand Prix will go down better with the local community than it did last year. The night race down The Strip looked spectacular and drove a $1.5 billion boost to the local economy, but months of construction work and the closure of the vital roadway did not endear it to those who call the city home. The installation of the grandstands along the route that block iconic views like the Bellagio Fountains began later this year, and traffic lane disruptions did not start until early October as…
Circa Survivor NFL Contest Down to 150
After several weeks with little eliminations in Circa Survivor, an upset over Kansas City knocked out over 20% of the remaining field leaving the contest down to 151 entries. The contest had 191 remaining entries going into Week 9. With several large favorites on the board, the picks were spread out among nine teams. The most-picked team was Cincinnati to beat Las Vegas, and that hit without a sweat. However, the second-most picked team was New Orleans against Carolina. New Orleans was a 7-point favorite going into the week. During the game, they had more yardage, less turnovers and more…
Diminishing Returns for Las Vegas F1
Not everything will be better about this year’s upcoming Las Vegas F1 race. While construction issues have been greatly reduced, and the process of preparing for the crowds has gone much more smoothly, the financial return for MGM Resorts and Caesars Entertainment is expected to be much less than the inaugural event. During quarterly earnings calls, executives from MGM and Caesars each expressed concerns about the financial returns for this years race to investors and analysts. With expectations of returns for the 2024 Las Vegas F1 race so negative, both companies are now projecting multi-million dollar declines. Despite this, both…
The Legality of Betting on US Elections
Americans love to gamble, but for years a line has been drawn around betting on US elections. That was until the New York-based startup Kalshi sued the Commodities and Futures Trading Commission over the issue. And in early September, a Judge agreed with the company and overturned the Commission’s prohibition on the activity. Kalshi then began offering election bets before the CFTC appealed the courts decision. Now the whole matter of betting on US elections is up in the air again, as the federal appeals court heard the case but has yet to make a decision on the issue. However,…
Leagues Not Fans of Federal Sports Betting Bill
Back in June of this year we published a video with details on a federal sports betting bill being proposed here in America. The Supporting Affordability and Fairness with Every Bet Act, or as it has become know The SAFE Bet Act, is now getting some less than enthusiastic reactions from the likes of the NFL and NBA, who are concerned that the advertising restrictions put forth on the bill would cut into their profits. The SAFE Bet Act would introduce several measures to limit sportsbook advertising, prohibiting it from 8 a.m. to 10 p.m. and during live sports events….
DraftKings and FanDuel Sued by Baseball Players
Ten years ago, sports leagues hated gambling. Five years ago, leagues embraced gambling Now, DraftKings and FanDuel are being sued by one of the leagues players union. Strange days indeed, as John Lennon once wrote. So what’s the issue? As is the case so many times it all boils down to money. Not so peculiar, mama. Major League Baseball’s players union filed a lawsuit in federal and state courts, accusing both DraftKings and FanDuel of using images of nearly all active MLB players on their websites and mobile apps without obtaining permission. The players are seeking both compensatory and punitive…