Tag: sports betting
US Sports Betting Troubles & the SAFE Bet Act
The US sports betting industry is under fire after several major scandals involving professional athletes and gambling. Now the main stream media is calling for changes amid concerns of addiction risks and player protections. Enter the SAFE Bet Act, which could bring some big changes to the American sports betting industry, but could also save it. As I prepare to leave for my summer vacation both the NBA and NHL championship series are underway, and with them lots of US sports betting action. On that note, I would like to leave you with some good news before I take my…
ESPN Bet Opens Retail Location in Michigan
Today marked the grand opening of the new ESPN Bet branded sportsbook and restaurant at Hollywood Casino in Detroit, Michigan. Spanning 4,500 square feet on the upper floor of the casino, this sportsbook represents their inaugural retail location within the PENN Entertainment network. Boasting state-of-the-art betting kiosks, expansive big-screen TVs, a captivating 30-foot video wall, and an array of elevated bar food and drinks, the ESPN Bet sportsbook and restaurant promises an unparalleled sports viewing and betting experience. Situated amidst Hollywood Casino’s premium dining options, it adds another layer of excitement to the vibrant entertainment hub. John Drake, General Manager…
Nearly $20 Billion Bet on New York Sports Betting
The numbers are in for New York sports betting in 2023, and they do not disappoint. Players in the state wagered more than $19.6 billion on sporting events last year, which translated to almost $1.8 billion in revenue. During the 12-month period ending on March 31st, total wagers in the Empire State surged by almost 20%, reaching $16.4 billion, and surpassing the figures from the previous fiscal year. This milestone also marks the highest annual expenditure for online sports betting recorded in any state regulating the activity in America. Additionally, the gross gaming revenue experienced a remarkable year-on-year increase of…
Super Bowl Betting & Sports Betting Growth
This year’s Super Bowl betting was record setting, and so was the number of people watching the game! And now, even more states are considering the regulation of betting on sporting events! So where do we go from here? The the Super Bowl is over, which means no more football in America for a while… which is a bummer. But on the bright side, more and more states are regulating sports betting, and we’re going to see a lot less of Taylor Swift! This year’s big game garnered over 123 million viewers making it the most watched Super Bowl ever!…
ESPN Bet Coming This Fall
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…
Place Your MLB Bets with These Ohio Sportsbooks
Baseball fans in Ohio have plenty of reasons to be excited as the MLB season is finally here! And with it comes a great opportunity for all sports betting enthusiasts to place their bets on some of the best teams in the league. Luckily, there are various online sportsbooks available that offer competitive odds and lines for all kinds of major sporting events, including baseball games. Whether you’re looking for an easy way to bet on your favorite team or just want to try out something new, the Ohio sportsbooks list for the MLB will help you decide. Many of…