Not everything will be better about this year’s upcoming Las Vegas F1 race. While construction issues have been greatly reduced, and the process of preparing for the crowds has gone much more smoothly, the financial return for MGM Resorts and Caesars Entertainment is expected to be much less than the inaugural event. During quarterly earnings calls, executives from MGM and Caesars each expressed concerns about the financial returns for this years race to investors and analysts. With expectations of returns for the 2024 Las Vegas F1 race so negative, both companies are now projecting multi-million dollar declines. Despite this, both…

Americans love to gamble, but for years a line has been drawn around betting on US elections. That was until the New York-based startup Kalshi sued the Commodities and Futures Trading Commission over the issue. And in early September, a Judge agreed with the company and overturned the Commission’s prohibition on the activity. Kalshi then began offering election bets before the CFTC  appealed the courts decision. Now the whole matter of betting on US elections is up in the air again, as the federal appeals court heard the case but has yet to make a decision on the issue. However,…

Back in June of this year we published a video with details on a federal sports betting bill being proposed here in America. The Supporting Affordability and Fairness with Every Bet Act, or as it has become know The SAFE Bet Act, is now getting some less than enthusiastic reactions from the likes of the NFL and NBA, who are concerned that the advertising restrictions put forth on the bill would cut into their profits. The SAFE Bet Act would introduce several measures to limit sportsbook advertising, prohibiting it from 8 a.m. to 10 p.m. and during live sports events….

Ten years ago, sports leagues hated gambling. Five years ago, leagues embraced gambling Now, DraftKings and FanDuel are being sued by one of the leagues players union. Strange days indeed, as John Lennon once wrote. So what’s the issue? As is the case so many times it all boils down to money. Not so peculiar, mama. Major League Baseball’s players union filed a lawsuit in federal and state courts, accusing both DraftKings and FanDuel of using images of nearly all active MLB players on their websites and mobile apps without obtaining permission. The players are seeking both compensatory and punitive…

It has been announced that Caesars Sportsbook will soon expand in Washington, DC, bringing self-service kiosks to 53 small businesses. These wagering kiosks will replace the GambetDC sports wagering kiosks currently in place at OLG-licensed sports betting retail locations. In addition to wagering, the kiosks will accept cash deposits to Caesars mobile accounts. With thousands of markets and lightning-fast functionality, Caesars Sportsbook betting kiosks will provide the gold-standard sports wagering experience sports fans are familiar with on the mobile app. Every wager placed with their sportsbook, whether at a kiosk, in-person at Capital One Arena, or on the mobile app,…

Everything is bigger in the Lone Star State, except that there is no Texas sports betting. A mess of political crap mixed with special interests and lobbying efforts have the whole issue wrapped up in a convoluted mess. Now, estimates are that betting on sports in the state may not happen for several years. Texas and California are two potentially huge markets for sports wagers. But recent reports from a California consultancy specializing in gaming says that Texas sports betting is no longer considered a reality before 2025. Their report cites the growing clout of anti-gaming advocates and the those…

The opening week of the American football season is in the books, and betting on NFL games is off to a good start as well. This year, our friends at the American Gaming Association forecast that American sports bettors will place about $35 billion in wagers with legal sportsbooks. “With the excitement of another NFL season upon us, Americans are placing their bets with the confidence that the legal sports betting market is prioritizing consumer protection and responsibility” said AGA President and CEO, Bill Miller. The expansion and growth of the legal betting on NFL games across the country is…

It’s almost “go time” for the 2024 professional football season! And MGM Resorts sportsbooks, along with the BetMGM NFL betting app, have gone through some changes for this year which players will appreciate. These updates are designed to simplify the sports betting process and expand the options available to bettors. And at the heart of these improvements are exclusive markets driven by Entain’s advanced betting modeling. That new play-by-play simulation-based pricing models, which were first introduced during the 2024 baseball season, are now being utilized for BetMGM NFL betting. This includes a wider array of football betting markets than ever…