The American Gaming Association urges regulators to scrutinize online sweepstakes operators that evade U.S. regulations. These operators, using virtual currency, lack the protections and tax contributions of licensed U.S. gaming firms, posing risks to consumers and undermining legal gaming markets.
United States
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The NFL has intensified its mandatory gambling education, requiring in-person training for all teams to maintain game integrity. With strict rules against betting and partnerships with problem gambling organizations, the league aims to prevent gambling infractions and protect its players and personnel.
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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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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.
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Industry News
Bookie of Ohtani’s Former Interpreter Agrees to Plead Guilty in Illegal Bookmaking Rap
Mathew Bowyer, bookmaker to Shohei Ohtani’s former interpreter, Ippei Mizuhara, pleads guilty to illegal gambling, money laundering, and tax fraud. Bowyer will forfeit $250,000 and cooperate with investigators. Mizuhara, facing sentencing for related charges, could see up to 33 years in prison.
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The Massachusetts Gaming Commission examines the issue of sportsbooks restricting bettors. Learn about the potential effects on honest players and the integrity of the betting market.
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DraftKings has sold VSiN back to its original founders, Musburger Media, after acquiring it in 2021. Despite the sale, DraftKings will maintain an advertising relationship with the sports betting network. The move reflects shifting strategies in the evolving U.S. sports betting market.
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Penn Entertainment announces layoffs and a strategic shift towards ESPN BET as the football season approaches. Facing investor unrest and costly decisions, the company aims to streamline operations and capture a larger share of the online sports betting market. Explore the impact and future outlook of Penn’s bold moves.
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BetMGM’s partnership with the New York Yankees promises exclusive VIP experiences for MGM Rewards members, including batting practice views and ceremonial first pitches. The collaboration enhances BetMGM’s visibility and offers unprecedented access to Yankees’ fan experiences.