Professional sports teams in the Lone Star State have been in a spiral dive for a while. And hope for regulated Texas sports betting does not look much better for the immediate future. Despite all the hope and rhetoric, several things would need to happen before any sports wagering legislation would pass. First, the state would have to amend its constitution to allow for the betting on sporting events. At this point, there doesn’t seem to be enough political support to make that happen. Second, there are competing interests between sports teams and casinos… not to mention opposition from religious…

It wasn’t that long ago that sports betting in Washington State was passed. That legislation, however, restricts the activity to Tribal casinos. Now, the push is on to expand the activity to card rooms in the state… a move that supporters say will add jobs and tax revenue. The bill has come out of the state Senate and is backed by the Nevada-based Maverick Gaming. They are the same company that backed a similar bill last year. That legislation ultimately came up short of their goal, however. Tribal gaming interests in the state are naturally opposed to expanding sports wagers…

Sure, you can bet on sports in the Empire State… but only in person at a brick & mortar casinos. Now New York mobile sports betting has the support of the Governor’s office… if only that were enough. Casino gambling was passed many years ago after it was determined that the activity is allowed under the New York Constitution. Some would argue that since sports betting takes place at state casinos, it would be a simple matter to allow online or mobile betting. But it’s not that simple. You see, the gambling is permissible under the constitution at “…no more…

Records are made to be broken, and New Jersey online gambling has done just that. Recently, they surpassed Nevada to take the sports betting lead in America. And now they are the first state to surpass $100 million in online gambling revenue in a month. Sports betting in the state set a new record high of $82 million, a 54% jump from January of last year. Gamblers bet over $945 million on sporting events for the month, down from the previous record $996 million in December of 2020. Online casino revenue reached a record high for the month with a…

Latvia has a rich history of being associated with football with the first-ever recorded match dating back to 1906 in Riga during a sports festival organized by the local Keizarmežs sporting union. Football is the third most popular game in the country after ice hockey and basketball. The Latvian Football Federation is the governing body and is in charge of the Latvian National Football Team. Although the side has never qualified for a World Cup, they played the European Championship in 2004. Despite the seemingly lacklustre performance on a global level, football continues to be extremely popular in Latvia. It’s…

Last year, BetMGM began by operating in just three states. And despite the challenges of a pandemic (or perhaps helped by the pandemic keeping people home) they had grown to operating in ten states. The money was better than expected, too. Bringing in over $178 million in net revenue, significantly beating their target of $150 million. The real profits still lie ahead, however, as the company fully expects to make over $350 million this year… and they are off to a nice start. January numbers are in, and the company has already seen well over $40 million in net revenue….

It was only January when Virginia sports betting made it’s debut, becoming the 20th state to regulate the activity. And now, industry representatives believe the market could grow into one of the biggest in America. The PlayVirginia website recently speculated that the state could generate over $5 billion in wagers annually.  Such a number would translate to about $60 million each year in state taxes. “Virginia is well-positioned, not only because it is a relatively large market, but because it will likely capitalize on Washington D.C., a legal market that has left some bettors frustrated,” said Eric Ramsey of the…

The big game last Sunday was interrupted by a semi-nude man running onto the field. The Super Bowl streaker, later identified as Yuri Andrade, was arrested and later bonded out for $1,000. But that was only the beginning of the story. It turns out that Mr. Andrade had actually placed a Proposition bet (or a “prop bet”) on the Super Bowl for $1,000. He bet that a streaker would make it on to the field, and then he guaranteed his win by streaking himself. It cost Andrade and a friend $25,000 each for tickets to the game, but the win…