Legal
June 18, 2024
North Carolina Casino Project Implicated in Corruption Scandal
A burgeoning corruption scandal in North Carolina has surfaced, linking campaign donations and casino developments to high-ranking state lawmakers and local officials. Former Rockingham County Commissioner Craig Travis filed a lawsuit alleging an intricate web of corruption, political manipulation, and campaign finance violations aimed at securing a casino in Stokesdale. Interested Parties Engaged in Intense […]
Sports
June 18, 2024
Dallas Cowboys Welcome Aristocrat as Official Partner
The Dallas Cowboys have signed a sponsorship agreement with Aristocrat Gaming, a leading slot machine company. This would see the team join Aristocrat’s list of NFL partners, which includes the Oklahoma Raiders, New England Patriots and New Orleans Saints. While slots aren’t legal in the Cowboys’ home state, the partnership seeks to capitalize on the […]
Sports
June 18, 2024
Barstool’s Boss Portnoy Wins $1.6M on Celtics Parlay Bet with DraftKings
Barstool Sports’ boss and passionate bettor, Dave Portnoy, is recognized for his hefty wagers on major sports events. Earlier this year, the seasoned bettor was able to turn a $600,000 wager into a massive $2.76 million win after the UConn Huskies won against the Purdue Boilermakers. Sharing his excitement via X, formerly Twitter, Portnoy wrote […]
Lottery
June 18, 2024
Michigan Lottery Player Follows Father’s Advice, Wins $7 Million
Any lottery win brings excitement for people who enjoy such activities. Yet, winning the lottery after a piece of advice from a friend or a family member undoubtedly creates an even more unique and unforgettable experience. This is exactly the case of a Wayne County, Michigan man who won more than $7 million after buying […]
Business
June 18, 2024
Morgan Stanley Thinks Forecasted Buyback Will Boost DraftKings’ Shares
Earlier in the month, Morgan Stanley‘s analyst, Stephen Grambling, and his colleagues spoke about DraftKings’ impressive market growth and well-balanced promotional environment, giving the US-based vertically integrated sports betting operator a favorable outlook. Now, analysts from the same NYSE-listed leading global financial services firm are projecting a strong rest of the year for the operator, […]
Legal
June 18, 2024
High 5 to Pay Back Millions as WA Deems Its Products Illegal
High 5 Games, a New York-based gaming company, has found itself in hot water as its social casino apps have been labeled as “illegal gambling” in Washington. Western Washington District Court Judge Tiffany Cartwright determined that the company’s products violate the state’s gambling rules, potentially forcing High 5 to pay back the money it took […]
Industry
June 18, 2024
NJ Casino Revenue Soared in May, Betting GGR Declined
The New Jersey Division of Gaming Enforcement published its report about the gaming industry’s performance in May, highlighting increases across the casino and iGaming sector amid a monthly decline in sports betting. The total gaming revenue reported by casinos, racetracks and their partners stood at $510 million for May 2024, up 8.3% year-on-year. The state’s […]
Legal
June 18, 2024
Florida’s 2021 Gambling Compact with Seminole Tribe Upheld by Supreme Court
The Supreme Court of the United States denied hearing an appeal against Florida’s agreement giving exclusive control over online sports betting to the Seminole Tribe. The expectations are that this move will boost the state’s gambling revenue. The Supreme Court’s Decision Paves the Way for Expanded Earnings On June 17, the Supreme Court rejected West […]
Industry
June 18, 2024
JMP: DraftKings Cannibalized Fanatics’ Market Share in May
Equity research specialist JMP Securities has published its US sports betting report for May, outlining slight market changes. According to the firm, DraftKings’ market share soared that month, although the company was still unable to surpass FanDuel. As data from Indiana, Iowa, Maine, Maryland, New Jersey, New York and Kansas shows, operators recorded a 72% […]
Sports
June 17, 2024
MLB Umpire Opts to Appeal Betting-Related Discipline
Major League Baseball (MLB) announced that it has penalized umpire Pat Hoberg over a gambling violation. According to the league, Hoberg opted to appeal the discipline. The MLB is yet to announce the exact nature of the alleged breach but clarified that it has represented a violation of the league’s gambling rules. The irregularity was […]
