#Legal Sports Report

ALBANY - It's been a year since New York first allowed mobile sports betting and the results have exceeded expectations. Bettors put up more than $16 billion since the practice was first authorized on Jan. 8, 2022. That's resulted in more than $709.2 million in taxes, which exceeded early estimates that mobile sports betting would bring in about…

B aseball's all-time hits leader, Pete Rose, has a new hustle-legal sports betting. On New Year's Day, the Cincinnati Reds legend, who was permanently banned from baseball in 1989 for gambling on the game while he was manager of the team, placed the first legal sports wager in Ohio. True to form, Rose put action on the Reds to win the 2023 World…

In the US, several major states seem on the verge of legalizing sports betting in 2023. [Image: Shutterstock.com] As the chiming of the clock signals a new year, it brings with it fresh hope for sports betting backers in the US. Since the repeal of the Professional and Amateur Sports Protection Act in 2018, states have fallen like dominos in…

Maryland will be the latest state to allow online sports betting, joining more than two dozen states that have already legalized it or will be doing so in the next few months. Maryland will have a full launch Wednesday, Nov. 23, which is the day before Thanksgiving. On Nov. 16, Maryland's Sports Wagering Application Review Commission unanimously…

Across the country, fans attending professional sports games can expect to see something new inside their stadiums and arenas: the sportsbook. It can look like a typical sports bar that's been dipped in the brand of a sports gambling conglomerate such as Caesars Entertainment, DraftKings or FanDuel. With televisions displaying half a dozen…

Last Friday, as the September jobs report dealt a blow to the broader stock market, shares of sports betting site DraftKings (DKNG (opens in new tab), $13.49) jumped more than 3%. Why? Reports surfaced over a potential partnership with Walt Disney's (DIS (opens in new tab)) ESPN. The speculation dates back to summer of 2021, when The Wall Street…

Like their best customers, professional gambling operations know when to fold. Major sports betting apps like DraftKings, FanDuel, and BetMGM are pulling back on broadcast advertisements supporting Proposition 27, a ballot measure that would legalize online sports betting in the Golden State, The Wall Street Journal reported Monday. With polls…

The ability for bettors to sell their online sports bets with PropSwap is one step closer following a new partnership announced Tuesday. PropSwap is partnering with SB22, a Belgrade -based technology company that is building a sportsbook platform designed for the US market. SB22 plans to go live with its first mobile sports betting clients after…

BetMGM was not the only sportsbook interested in filling the hole left by PointsBet as the sports betting odds sponsor of NBC's Football Night In America. NBC had conversations with multiple potential partners for the available Sunday Night Football pregame partnership, said Danielle Cranin, NBC Sports Next's director of content integration &…

The opening weekend of the 2022-2023 National Football League season brought New York its best week for legal online sports bets since last spring. That's not surprising, since the NFL is the most bet-on sport in the country. It may also help that the Buffalo Bills are among the favorites to win this year's Super Bowl. For New York state, the…