WynnBet announced late last week that the shuttering of its regulated sports betting operations in eight of its 12 US markets. The company is also considering shutting down WynnBet in two other states due to intense market competition and sky-high marketing costs. WynnBet is only the latest big name sportsbook to go down in flames…
Penn Entertainment CEO Jay Snowden sees a very bright future for his company's recently announced sportsbook venture with the sports broadcasting giant ESPN. During an earning call with investors earlier this week, the executive touted the deal, saying that it would ultimately capture at least 20 percent of the regulated US sports betting market. It's…
Penn Entertainment made a big move this week signing a $1.5 billion deal with ESPN and dumping its relationship with Barstool Sports entirely. It's a move that brings a major media player to the regulated US sports betting market, while sending another media player to the bench; probably forever. Penn's big move has two parts,…
NFL officials have responded to a recent query from Nevada Rep. Diane Titus about league gambling policies with a call for Congress to crack down on black market betting sites. Titus wrote a letter to the NFL back in June as part of an inquiry into the growing number of gambling-related player suspensions, but must…
The Iowa State University football program's recent betting scandal, and subsequent criminal charges, is proving to be an another example of the dangers and challenges of regulated sports betting in the United States. Earlier this week, ISU quarterback Hunter Dekkers and three others were charged with a number of gambling-related offenses including tampering with evidence…
Getting suspended indefinitely from the NFL after his first year for placing bets from a team facility was a pretty bad situation for former Denver Broncos lineman Enyi Uwazurike. Uwazurike's situation went from bad to worse this week when he was hit with charges of illegally gambling on the Iowa State Cyclones football team when…
Nevada's gaming industry has been on an incredible hot streak for the last couple of years. Money has been pouring into Silver State casinos at such as incredible pace that July's take of $1.25 billion is not only considered a mild disappointment, it's also a harbinger of potentially lean times ahead. The good news in…
Denver Broncos' defensive end Eyioma Uwazurike was suspended earlier this week for betting on NFL games. Uwazurike is the latest in a string of high profile cases of NFL players who simply do not understand how seriously the league takes its gambling policies since the onset of regulated sports betting. Uwazurike was found by the…
Lawmakers in Ohio recently approved a measure that raised the state's sports betting tax from 10 percent to 20 percent. The massive leap is, ostensibly, meant to help fight problem gambling while raising critical revenue for the state. Critics of the plan say the measure is too much and won't actually offer any lasting benefits…
The NFL continues to take a hard line on player gambling violations with the suspension of four players this week alone. Isaiah Rodgers and Rashod Berry of the Indianapolis Colts and free agent Demetrius Taylor were suspended indefinitely for wagering on NFL games. Tennessee Titans offensive tackle Nicholas Petit-Frere got off slightly easier with a…
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