A US citizen who placed $27,000 on Donald Trump to win the 2020 US Presidential Election has demanded a refund of his wager for “election fraud.” The offshore gambling site MyBookie received an email from a customer claiming voter fraud in the US election nullified their bet. The bettor demanded a refund of their $27,000 …
US Man Loses $27,000 Betting on Trump, Demands Refund for “Election Fraud” Read More »
The prestigious gambling brand MGM Resorts has recently announced a $750 million public offering of senior notes due in 2028. The Nevada-based company has made this decision in order to boost its liquidity that was reeling from massive losses this year due to the pandemic. According to MGM’s official statement, “The notes being offered will …
MGM Announces $750M Public Offering of Senior Notes Read More »
5Dimes is walking the road toward the legal sports betting market in the US after announcing a $46 million settlement with the authorities. The settlement clears 5Dimes’ assets of legal restrictions after a year-long federal investigation of the former offshore company. The US authorities had been probing into 5Dimes for its illegal gambling activities, including …
Will 5Dimes be Able to Enter the Legal US Sports Betting Market? Read More »
Indiana sports betting has set a new record, hitting $207.5 million in handle and $14.3 million in revenue in September. The numbers from Indiana and Iowa clearly indicate that the US sports betting industry is eventually returning to normality, with every month bringing more optimism. Both states witnessed record handle in September, thanks to the …
Indiana Sports Betting Hits Record $207 Million in September Read More »
Illinois casinos have reportedly seen a drastic revenue drop of 30% in 2020 compared to the last fiscal year. The sudden plunge in revenue over the past eight months was defined and dominated by the coronavirus pandemic. The pandemic-driven lockdown measures have particularly dented the state lawmaker’s attempts to expand the state’s gambling industry. Although …
This November’s general election will be something special for the state of Louisiana as they will be doing more than just electing political leaders; Louisiana voters will have the power whether or not to ‘elect’ legalized sports betting within the state. Voters will also decide whether any or all of the parishes should allow sports …
Louisiana Voters to ‘Elect’ or ‘Reject’ Sports Betting in November Read More »
More than $25 billion has been legally wagered in the US sports betting since 2018 following the Supreme Court ruling against PASPA. The Professional and Amateur Sports Protection Act of 1992, also known as PASPA, was struck down by the Supreme Court in 2018, after which each state could legislate its sports own betting. However, …
US Sports Betting Crosses $25bn Handle Since PASPA Read More »
DraftKings sportsbook has recently announced a sports betting partnership deal with another NFL team, the Philadelphia Eagles. According to this new deal, DraftKings will serve as the official betting and daily fantasy sports partner for the professional football team. The multi-year deal also entails some exciting aspects for the sportsbook, the team, and the fanbase. …
DraftKings-Philadelphia Eagles Deal: Another NFL Team Joins The Club Read More »
Residents in Maryland will have a kingmaking role in deciding whether or not the state should go ahead with sports betting legislation. This coming November, people will be asked Maryland’s Question 2 to determine whether residents want to see legalized sports betting in the state. The state’s racetracks and casinos had been looking forward to …
Maryland Voters Play Kingmakers in Sports Betting Legislation Read More »
The Tennessee Titans have become the first sports team in the state to announce sports betting deal with the betting operator BetMGM. This comes as a part of a chain reaction that has already seen many sports teams forging an alliance with a sportsbook. However, this news is more exciting than any usual partnership between …
