Americans Wager $10 Billion on March Madness, 97 Percent Illegally

As March Madness, in the form of the NCCAA Basketball Tournament, descends on the United States Americans are set to wager more than $10 billion on office pools and traditional single game wagers. Unfortunately for the gambling industry, about 07 percent of that cash will bypass legal outlets entirely. But with the potential of legal…

Sportsbooks See Record Super Bowl, But Still Take Beating

Nevada sportsbooks saw a record amount of money come pouring through their cash drawers on Super Bowl Sunday. Unfortunately, not very much of that cash stayed there as punters cashed in on the underdog and an array of proposition bets. According to a report on Super Bowl Betting in the Las Vegas Review Journal, Vegas…

Sportsbet Criticized for Offering Odds on Aussie Gay Marriage Vote

Australian bookmaker Sportsbet is being criticized in both the traditional media and social media for offering odds on the outcome of a vote on whether or not to legalize gay marriage Down Under. The company is just the latest operator to learn that the dictum, "There's no such thing as bad publicity," may not always…

American Gaming Association Embraces Sports Betting with 'Four Principles'

The American Gaming Association is embracing regulated sports betting with the introduction of a new set of policy principles surrounding the topic. This is a major step forward for North America's most powerful gambling lobby and reflects their newfound confidence that the longtime US sports betting ban is coming to an end. The four policy…

Aussie Stakeholders React to Sports Betting Ad Ban

Australian bookmakers and online operators are not happy about a proposed "bell to bell" ban on sports betting ads during live sports broadcasts. Groups from the¬†Australian Football League (AFL) and the National Rugby League (NRL) to broadcaster like Channel Nine, have all chimed in their dismay regarding the draconian new set of advertising regulations. Their…

Pennsylvania and Michigan Ready to Join US Sports Betting Fight

Lawmakers in Pennsylvania and Michigan are gearing up to join New Jersey in the fight for legalized sports betting in the United States. There's just one catch, they want New Jersey to foot the bill. Early this week, Pennsylvania State Rep. Robert Matzie wrote in a memo to fellow lawmakers that he's planning on introducing…

Expanded US Sports Betting Market Could Be Worth $12 Billion

Expanding regulated sports betting into states where gambling is already legal could pump an additional $12 billion into the US economy. That's the estimate given in a recent report from a group called GamblingCompliance Research Services. That $12 billion figure is roughly four times the entire UK sports betting market, which is currently sitting at…

Olympic Sports Betting Flops on Vegas Strip

If you think that sports betting and the Summer Olympic Games in Rio de Janeiro are a perfect fit, you might want to have a chat with owners and operators of Nevada's legal sports books. The purveyors of Sin City sports betting offered action on the games for the first time in more than 15…

3 Tips for Promoting Olympic Sports Betting

The Summer Olympics Games, which start today in Rio de Jineiro and run through August 21, are a great opportunity for sports betting affiliates to pick up a few new players during the traditional summer slump. This effort won't necessarily be easy as sports betting isn't necessarily synonymous with Olympic competition, but that doesn't mean…

Nevada Casinos Ready Prep for Olympic Betting

Nevada sports books are prepping for their first venture into Olympic betting for the first time in more than a decade. Their expectations for making big bucks, however, are pretty low. Olympic betting is hardly new and has been offered in practically every country except the United States for a very long time. Even the…