A special legislative session called by Nebraska Governor Jim Pillen could bolster the state’s chances of legalizing mobile sports betting, while an ancillary benefit would also allow retail and online sports bettors to wager on in-state college events and college player props.
Category:
Industry News
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In a highly anticipated earnings call, Peter Jackson, CEO of Flutter, the parent company of U.S. sports betting industry leader FanDuel, said his company would not follow DraftKings’ lead and impose a surcharge on winning tickets in high tax states.
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Brandon Montgomery of Florida has filed a class action lawsuit against Hard Rock Sportsbook, alleging its “No Regret First Bet” promotion misled customers. He argues that the promotion implied a risk-free experience, while in reality, losing bets resulted in financial losses, sparking legal action.
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A survey of U.S. sports bettors found that 33.9% still use offshore sportsbooks, even in states with legal options. Despite efforts to curb this trend, including cease-and-desist orders, the offshore market remains a significant challenge for the American sports betting industry and state regulators.
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Endeavor is set to sell its technology assets, OpenBet and IMG Arena, while preparing for a take-private deal with Silver Lake. Despite the changes, OpenBet will continue operating and remains a strong asset with significant industry partnerships and innovations.
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Commodities futures contracts exclude trading contracts on elections, awards, and sporting events but the sports betting industry would like that changed and is hoping it can convince the Commodity Futures Trading Commission.
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The Ohio Casino Control Commission and Ohio Lottery issued its June report which revealed sportsbooks generated a combined $530.6 million handle which was up a whopping 46% from June 2023.
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PrizePicks has ended its hunt for a new CEO after announcing former Blizzard Entertainment president, Mike Ybarra, has accepted the position, allowing current CEO and co-founder, Adam Wexler, to ascend as the company’s executive chairman.
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Bet365 has been ordered to pay $519,000 for changing odds on 199 bets without New Jersey DGE approval. A recent audit uncovered technical errors and regulatory breaches. Bet365 must rectify its systems and procedures to prevent future violations and ensure fair wagering practices.
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Rush Street Interactive (RSI), the parent company of BetRivers, has announced it will not impose a surcharge on winning bets, taking a stand against DraftKings’ recent decision. This move emphasizes RSI’s commitment to customer satisfaction and could set a new industry standard. Learn more about this strategic decision and its potential impact on the sports betting market.
