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Category Archives: Sports Betting
Sports Betting is coming to NC in one month – WWAY NewsChannel 3
Posted: February 13, 2024 at 3:44 am
Sports Betting is coming to NC in one month WWAY NewsChannel 3
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$3.5 million wagered across Maine in first Super Bowl since launch of online sports betting – Maine Public
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$3.5 million wagered across Maine in first Super Bowl since launch of online sports betting Maine Public
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Sports Betting Bill Clears Another Missouri House Committee – Covers
Posted: at 3:44 am
But making progress in the Missouri House has never been that big of a problem for legal sports betting legislation.
Last Updated: Feb 12, 2024 5:10 PM ET Read Time: 4 min
Sometimes you need to savor the small victories, which is what supporters of legalizing sports betting in the Show-Me State got on Monday in the Missouri House of Representatives.
According to the legislature's website, the Missouri Houses rules committee for administrative oversight passed House Bill 2331 after meeting in an executive session not open to the public.
The bill, sponsored by longstanding sports betting supporter Rep. Dan Houx, would authorize event wagering at the states casinos and over the Internet via apps and sites. It was already passed by the House's public policy committee in late January.
H.B. 2331 states that casinos could have in-person wagering and three mobile betting skins apiece, which could be operated by entities such as DraftKings or FanDuel. The states professional sports teams could also have one mobile skin.
The casinos would pay an application fee of no more than $100,000 for a sports betting license and an annual renewal fee of no more than $50,000. An online sports betting operator would have to pay an application fee of no more than $150,000 and an annual renewal fee of no more than $325,000.
Sports betting revenue would be taxed at a 10% rate, and money raised by the newly legalized wagering activity would go to fund education. The entire cost of bonus bets and free play provided to customers in year one could be deducted from taxable revenue, but that deduction limit drops by 25% a year until it hits zero for year five.
Bettors would have to be 21 or older under H.B. 2331 as well. Wagering on college player props in a game involving a Missouri school would be forbidden.
A full House vote on H.B. 2331 awaits. But making progress in the Missouri House has never been that big of a problem for legal sports betting legislation. Its the Senate where bills have gone to die, and barring a change of heart in the chamber, the odds of H.B. 2331 becoming law remain long.
The lack of legislative success has prompted Missouris six professional sports franchises to try an end-around and propose the legalization of sports betting directly to voters. The campaign, called Winning for Missouri Education, is collecting signatures to place a sports betting measure on Novembers election ballot that envisions a similar setup to the one proposed by H.B. 2331.
A recent poll conducted by FOX4 and Emerson College suggests the ballot measure could find success with the public.
The survey found 62.3% of respondents supportive of a Missouri sports betting initiative that helps fund education, compared to 37.7% who voiced opposition to such a measure.
Republicans, Democrats, Independents, and Missourians in every corner of the state want to bring those economic impacts back to the Show Me State to help strengthen our communities and provide tens of millions to education each year, Winning for Missouri Education Jack Cardetti said in a statement.
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Sports Betting Bill Clears Another Missouri House Committee - Covers
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I-TEAM: Sports Betting/Online Gambling Addictions growing on CT college campuses – Eyewitness News 3
Posted: at 3:44 am
I-TEAM: Sports Betting/Online Gambling Addictions growing on CT college campuses Eyewitness News 3
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Ohio gamblers place more than $7.6B in bets in first year – Dayton Daily News
Posted: at 3:44 am
ExploreSports gambling addiction is up in Ohio since legalization; nonprofit focuses on those who need help
The first years earning resulted in $133.1 million in tax revenue, with 98% of that used to fund Ohio public education and 2% is set aside for problems sports gambling services. That was helped, in part, by lawmakers in July deciding to double the taxes, which increased withholdings from 10% to 20%.
Sports betting in Ohio started Jan. 1, making the state the 32nd one to allow live sports betting. Now, there are 38 states, plus Washington, D.C., engaging in sports betting, according to the American Gaming Association. Ohio has both online betting and brick-and-mortar betting, while other states have one or the other.
Based on total betting handle the amount of money wagered by people using online devices, such as desktops, laptops or mobile phones Ohio was the nations sixth-largest sports betting market, outpaced by only New York, New Jersey, Illinois, Nevada and Pennsylvania, according to PlayOhio, which reports on Ohio online gambling information.
The state was just barely behind Nevada and Pennsylvania and because an increase is expected, Ohio can vault itself to the fourth-largest market by the end of 2024, according to PlayOhio.
From the commissions perspective, we had a pretty smooth year, said OCCC spokeswoman Jessica Franks. Obviously, we did have some issues right at the beginning of the year, with some operators running afoul of our advertising rules, but once we got those addressed, weve seen much better compliance across the industry and havent really seen any issues arise since then.
Those issues include MGM, DraftKings and Caesars running ads without including messages about responsible gambling, Franks confirmed.
Franks cautioned against putting too much stock into Ohio almost tripling the initial earnings forecast for the state.
The thing we have to remember is most of those, when those estimates were made, we had no idea how many operators would launch, she said. When we first started (discussing sports betting), we did not have a start date. There were just a lot of unknowns. There probably were folks that were making estimates based on Ohios population or the fact that we have a lot of professional sports teams.
Sports bets also can be made through kiosks at bars, restaurants, bowling alleys, grocery stores and other establishments. Consumers in Ohio spent more than $13.2 million at lottery kiosks in 2023, according to Ohio Lottery Commission reports. That meant $303,589 for the state, reports show.
About 97% of revenue accrued in Ohio via sports gambling was via 20 authorized web- or app-based sports gambling vendors with the remainder wagered via 17 brick-and-mortar sportsbooks or gaming kiosks.
Ohioans placed the most bets in January 2023 when sports gambling was new, betting a total of $1.1 billion in that month alone. Only March, with its NCCA March Madness tournament, came close to that amount, with gamblers placing $737 million in bets. The slowest month was June with only $362 million bets placed.
Warren Countys Miami Valley Gaming is pleased with the results of the first year of sports gambling, with October as its top earning month, followed by December, according to Gary DeWitt, senior director of operations.
What were seeing is kind of like what we had expected, your fall (months) primarily driven driven by, of course, NFL and the NCAA, he said. We did see some real strong results in December, which was nice to see, particularly from a playoff perspective.
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Ohio gamblers place more than $7.6B in bets in first year - Dayton Daily News
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Sports betting in Minnesota: What are the odds it becomes legal? – KARE11.com
Posted: at 3:44 am
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The Department of Revenue projects sports betting could bring $400 million in revenue within about three years.
Author: kare11.com
Published: 6:53 PM CST February 12, 2024
Updated: 7:18 PM CST February 12, 2024
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Will Kentucky cover the spread vs. Ole Miss? Betting Trends, Record ATS – WYMT
Posted: at 3:44 am
The No. 22 Kentucky Wildcats (16-7, 6-4 SEC) are 8.5-point favorites as they attempt to end a three-game home losing streak when they host the Ole Miss Rebels (18-5, 5-5 SEC) on Tuesday, February 13, 2024 at Rupp Arena. The matchup airs at 9:00 PM ET on ESPN. The over/under in the matchup is set at 164.5.
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Will Kentucky cover the spread vs. Ole Miss? Betting Trends, Record ATS - WYMT
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NFL Playoffs Fuel Record-Breaking Contributions From Maryland’s Sports Betting – Bay Net
Posted: at 3:44 am
BALTIMORE Fueled by the NFL playoffs, Marylands sports wagering market generated $8,246,847 in contributions to the state from a handle of $544,971,369 during January 2024. Contributions to the state from sports wagering go to the Blueprint for Marylands Future Fund, which supports public education programs.
The $8.2 million contribution to the state surpassed the previous single-month high of $6.5 million in December 2023, and was nearly four times more than the January 2023 total of $2,114,613.The January 2024 handle was a 23.4% increase compared to January 2023.
The calendar is always the driving force in sports wagering, and the football playoffs in January reliably produce strong numbers, said Maryland Lottery and Gaming Director John Martin. The AFC Championship game didnt go the way Ravens fans were hoping or expecting, which may have contributed to the results we saw. Its a reminder that unforeseen outcomes happen, so its always best for anyone who wagers to set a budget, have a plan and stick to it, and keep the focus on having fun.
Sports wagering data is tracked and reported based on the State of Marylands fiscal year, which runs from July 1 through June 30. During the first seven months of Fiscal Year 2024 (July 2023 through January 2024), sports wagering has contributed $32,840,755 to the state. February totals, which will include wagers on the Super Bowl, will be reported on March 11.
A detailed summary of the January 2024 results for Marylands 13 retail and 12 mobile sportsbooks, including handle, hold percentage, prizes paid, promotional play, taxable win, and contribution to the state, along with a summary of statewide handle and hold by sport is included in the attached chart and available for download atmdgaming.com.
Here are the statewide totals for January 2024:
Handle (Amount players wagered, including free promotional wagers)
Retail: $17,192,740 (includes $8,028 in free promotional wagers)
Mobile: $527,778,629 (includes $22,381,924 in free promotional wagers)
Combined: $544,971,369
Prizes (Winnings paid to players)
Retail: $15,464,968
Mobile: $449,505,750
Combined: $464,970,718
Hold (Handle less prizes paid)
Retail: $1,727,772 (10.0%)
Mobile: $78,272,879 (14.8%)
Combined: $80,000,652 (14.7%)
Taxable Win (Amount remaining after deducting prizes, promotional wagers and other amounts)
Retail: $1,691,417
Mobile: $53,287,561
Combined: $54,978,978
Sports Wagering Tax (15% of the Taxable Win)
Retail: $253,713
Mobile: $7,993,134
Combined: $8,246,847
Since the inception of Marylands sports wagering program in December 2021:
Cumulative contribution to the Blueprint for Marylands Future Fund: $60,982,459
Cumulative expired prizes contributed to the Problem Gambling Fund: $2,797,966
About Maryland Lottery and Gaming
Maryland Lottery and Gaming operates the Maryland Lottery and is responsible for regulatory oversight of the states casinos and sports wagering program. In its regulatory role, the agency provides direction and guidance to casino and sports wagering operators on financial, security, regulatory and licensing procedures. To keep Marylanders informed and to maintain transparency of casino and sports wagering operations, monthly financial reports are posted onmdgaming.com. Maryland Lottery and Gaming strongly encourages responsible play. Maryland residents can obtain confidential help with a gambling problem at no cost by calling 1-800-GAMBLER or visitingmdgamblinghelp.org.
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NFL Playoffs Fuel Record-Breaking Contributions From Maryland's Sports Betting - Bay Net
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Will Louisville cover the spread vs. Boston College? Betting Trends, Record ATS – WYMT
Posted: at 3:44 am
The Louisville Cardinals (8-16, 3-10 ACC) visit the Boston College Eagles (13-10, 4-8 ACC) after losing four road games in a row. The Eagles are favored by 8.5 points in the contest, which begins at 9:00 PM ET on Tuesday, February 13, 2024. The over/under in the matchup is 148.5.
Place your bets on any college basketball matchup at BetMGM, and sign up with our link for a first-time deposit bonus!
Catch college basketball action all season long on Fubo!
Click Here for the Best Sportsbook Promo Codes in Kentucky & Sports Betting FAQ
Get tickets for any college basketball game this season at Ticketmaster!
Bet on this or any college basketball matchup at BetMGM
Rep your team with officially licensed college basketball gear! Head to Fanatics to find jerseys, shirts, and much more.
Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER.
2023 Data Skrive. All rights reserved.
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Will Louisville cover the spread vs. Boston College? Betting Trends, Record ATS - WYMT
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