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Tennis Pro Hit With Fines for Betting Sponsorship

A former Miami tennis pro is being hit with a $56,250 fine for violating the International Tennis Integrity Agency's (ITIA) rules regarding accepting sponsorships from regulated betting operators. It's a pretty massive fine for a fairly minor player and even the ITIA acknowledges that the case is more about perception than any actual wrongdoing. James…

US Hits $66.3 Billion Revenue Record in 2023

Life continues to be good for the American commercial gaming industry as the industry celebrates its third consecutive year of record-breaking revenue. According to the latest numbers released by the American Gaming Association, US-facing operators hauled in an astonishing $66.3 billion in revenue in 2023 between land-based and internet-based play. Thanks to a boom in…

Lottery.com Acquires SportLocker.com for Undisclosed Amount

Lottery.com has acquired the sports streaming site, SportLocker.com for an undisclosed amount in a deal that the lottery technology broker is promoting as part of a, "revolutionary vision." It's a bold move that gives Lottery.com a toehold in the world. In its current form, SportsLocker.com focuses mainly on soccer/football-related content with an emphasis on UK…

DraftKings Acquires Jackpot in $750M Deal

DraftKings is expanding its portfolio of services in a pretty significant manner with its recent acquisitions of the lottery app, Jackpot. The blockbuster purchase cost the sportsbook and daily fantasy sports operator $750 million, while putting it in the driver's seat of the US online lottery market. Jackpot is a downloadable app that allows players…

Betfair Has Thoughts on US Presidential Race

Is US President Joe Biden heading for a historic loss when voters head to the polls in November? That's the very hot take taken by punters at Betfair Exchange. President Biden's chances of staying in office supposedly plunged this week after a partisan report criticizing his cognitive abilities was released to the public by Republican…

Michigan Prioritizes Fight Against Problem Gambling

The State of Michigan is getting very serious about its efforts to fight problem gambling as regulated sports betting continues to make a large impact on American life. Earlier this week, state officials released the details of the FY2024-2025 budget which included roughly twice as many funds dedicated towards promoting responsible gambling while discouraging illegal…