Management at Wynn Resorts has announced the decision to close its WynnBET online sports betting platform in several jurisdictions. The company will not accept bets from customers in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West Virginia as quickly as possible. Wynn’s Chief Financial Officer, Julie Cameron-Doe, stated that “In light of the continued requirement for outsized marketing spend through user acquisition and promotions in online sports betting, we believe there are higher and better uses of capital deployment for Wynn Resorts shareholders” This news may seem a bit odd, considering that WynnBet just debuted in six states…

Penn Entertainment has just reached a 10-year agreement to license ESPN Bet here in America. Under the agreement, Penn will rebrand Barstool Sportsbook into the ESPN Bet brand this fall. The deal strengthens ESPN’s ties to the gambling industry, which may seem odd given that their parent company, Disney, had seemed to oppose gambling expansion over the years. However, Disney acquired a stake in DraftKings via Fox Entertainment assets back in 2019. In order to make the ESPN Bet deal work, Penn will pay ESPN $1.5 billion in cash over the course of the ten-year term. Additionally, they have agreed…

Enjoy summer while it’s here, but come this fall online sports betting in Maine will officially be up and running. It won’t come in time for the start of the NFL season, but by Thanksgiving you’ll be able to bet your Uncle Ed on all the Thursday games! Shannon Moss of the Maine Department of Public Safety stated that “Temporary or initial licenses will be issued on the day of adoption to allow licensees to go live and offer wagers on sports according to law and rule.” The State Gambling Control Unit has already presented their set of proposed rules…

We’ve heard that more money brings more problems. Well, current sports betting issues with the National Football League might have us thinking some similar thoughts. It seems that more access to gambling is resulting in more gambling related issues… and those issues are not just confined to the NFL. First, four more NFL players have been disciplined for their personal sports betting issues. Three of those players are from the Indianapolis Colts and have received suspensions for the entire 2023 season for allegedly betting on NFL games last year. The fourth player is from the Tennessee Titans, and is accused…

Nevada has been on quite a run lately… at least when it comes to acquiring professional sports teams. Could a Las Vegas NBA team be next on their agenda? I mean, the deal for a baseball team isn’t even a done deal. And yet, here we are discussing it. Yes, after being awarded an NHL expansion team a few years ago, and taking every professional sports team the city of Oakland had to offer, all eyes turn to basketball. After all, there have already been rumors of a Las Vegas NBA expansion team… and that LeBron James could be a…

There has been a major break in the Florida sports betting case, where the Seminole Tribe has been fighting in a federal appellate court for quite a while now. The battle is over the Tribe’s ability to offer gambling on sporting events across the state, not just on their lands. Now, the court has ordered the Department of Interior to reinstate their agreed compact with the state, giving their Seminole Hard Rock brand a monopoly on Florida sports betting. The ruling has opened the door for the tribe to reintroduce its Hard Rock Sportsbook betting app and pursue building two…