Tag: sports betting
The NFL Sports Betting Deals
The tedious NFL sports betting relationship is one with a checkered history. Placing bets on a football game in America was only something that happened between friends, at a local bar, or maybe in an office pool. Then the US Supreme Court cleared the way for states to legalize sports gambling in 2018 and everything changed. Since that time, several states have regulated and made a healthy profit from the activity. NFL sports betting partnerships have blossomed as the League relaxed years of strict anti-gambling policies. So where are we now? And which teams are leasing the way into the…
Colorado Sports Betting Up Over 60%
The state’s Division of Gaming has released Colorado sports betting figures showing that over $200 million was wagered just in September. That’s up 61% compared to the month of August. Despite the American football season ‘kicking off’, baseball was the sport with the most money wagered. More than $47 million of bets were placed, with football second, basketball third and then followed by hockey. The activity added nearly $70,000 in taxes to state coffers, the division reported. The sports gambling industry debuted in Colorado on May 1st, and amid a pandemic that put a hold on many professional sports. You…
Big Gambling Votes in Four States This November
Players in four states will be registering some big gambling votes when the polls open in a few weeks. The legalization of sports betting is set to be decided in Louisiana, South Dakota and Maryland. While Nebraska voters will decide if they want to allow land based casinos. South Dakota’s sports betting bill is simply whether to change the state constitution to allow in-person sports betting at Deadwood’s casinos. Nebraska has three initiatives all relating to the issue, and if all three pass it will no longer be one of the few states in the union without casino gambling. Louisiana’s…
Caesars May Breakup William Hill to Sell in Pieces
Less than a week after Caesars Entertainment purchased the British bookmaker for $3.7 billion, talk has already started that they will breakup William Hill and sell off pieces of the company. Caesars seems clearly set to focus on the American assets of William Hill, saying that they will “seek suitable partners or owners” for the UK portions of the company. They estimate the U.S. sports and online betting market to be worth somewhere near $35 billion. Analysts estimated William Hill’s non-U.S. assets could fetch Caesars between $2 billion and $4.5 billion. The company could put that money toward repaying its…
The Battle for US Sports Betting Supremacy
The war for US sports betting domination has begun, and with over $150 billion in annual revenue up for grabs the stakes are high. This week the first shots were fired in what is sure to be a long and hard fought battle. Hello my friends! Thanks so much for streaming another edition of This Week in Gambling, where the battle for sports betting supremacy in America has begun… and that is this week’s big story! Betting on sports is now legal in 22 states and the District of Columbia. Plus, another seven states are currently considering regulating the…
Caesars Makes $3.7 Billion Play for William Hill
As sports betting in America continues to explode, Caesars Entertainment has made a multibillion-dollar offer to acquire William Hill for nearly $4 billion. The companies said in a joint statement that the Caesars could offer $3.45 per Will Hill share, which is an 81% premium to the stock’s average price over the past three months. The deal would give Caesars control of their US joint venture. Meanwhile, William Hill says it has a 32% share of revenue in the Nevada sports betting market while rapidly expanding in other states. The American Gaming Association expects nearly 35 million people, or 13%…