Is the $11 Billion Online Sportsbook Bubble About to Burst?
Shohei Ohtani walks up to home plate at New York’s Citi Field, and the L.A. Dodgers fans, who are well in attendance on this Wednesday afternoon, are up on their feet. “So, ideally you get a pop-up, right? You got like five seconds in the air. God forbid the guy drops the ball.” I’m sitting […]
Missouri Sports Betting Passes by Slimmest of Margins
On election night, Missouri became the first – and likely only – state to approve a statewide expansion of gaming in 2024. And it took the electorate, not the legislature, to get the job done. Missouri voters narrowly passed Amendment 2, 50.1 percent-50 percent. In terms of votes, there were 1,468,306 for, and 1,463,940 against, […]
Transparency In Gaming Policy: Looking To Find The Ghost In The Machine
Missouri is the latest in a long line of jurisdictions where a lot of money is flowing into the state from gaming companies over the possible introduction of sports betting. It is presently estimated that approximately $45 million will be spent on Amendment 2 by gaming interests. Amendment 2 would authorize sports betting. There are curiosities about Amendment 2. First, […]
Bloomberg: ‘Sports Betting Apps Are Even More Toxic Than You Thought’
Among the main challenges for a pro bettor is finding places that will take your money. If you show signs of being good, or even just highly methodical, most sportsbooks will drastically limit how much you can wager. But there are ways around this. Sharps, as pros are known, often employ surrogates to place bets […]
On Second Try, Massachusetts Meeting On Bettor Limiting Amplifies Both Sides
Cory Fox, the vice president of product and new market compliance for FanDuel, didn’t choose the ideal wording when he said during Wednesday’s public meeting hosted by the Massachusetts Gaming Commission, “This is a very limited set of users.” The topic of the meeting was the practice of regulated sportsbooks in Massachusetts (and throughout the U.S.) restricting […]