Archive for the ‘News’ Category

A new analysis released today by Legal Sports Report, in partnership with the Sports Betting Alliance (SBA), forecasts that $1.71 billion will be legally wagered on Super Bowl 60 nationwide, demonstrating the continued growth of regulated sports betting markets across the United States and the popularity of one of the globe’s most-watched televised events. Legal Sports Report provided the underlying research and analysis used to develop the forecast.

The launch builds on the proven success of FanDuel’s Responsible Gaming program, which reached a milestone last year as responsible gaming tool usage increased 41% year over year—achieving the highest participation rate in company history.

IGB October data shows second consecutive month of 15% decline in bets.

The Sports Betting Alliance announced Joe Maloney will serve as the organization’s president and CEO. Current SBA President Jeremy Kudon will assume the role of Chairman.

Many sites do not have strong identity verification and are able to advertise on social media with little oversight. Tech-savvy young people in the United States can gamble on them using false identities and readily available software to mask their locations, often unbeknownst to their parents.

By last year, [Pennsylvania] was collecting $1.05 billion in taxes from digital casinos, compared with $188 million from sportsbook apps. The revenue from casino games is significant: Pennsylvania’s entire state budget is about $50 billion.