Penn Entertainment has just reached a 10-year agreement to license ESPN Bet here in America. Under the agreement, Penn will rebrand Barstool Sportsbook into the ESPN Bet brand this fall. The deal strengthens ESPN’s ties to the gambling industry, which may seem odd given that their parent company, Disney, had seemed to oppose gambling expansion over the years. However, Disney acquired a stake in DraftKings via Fox Entertainment assets back in 2019. In order to make the ESPN Bet deal work, Penn will pay ESPN $1.5 billion in cash over the course of the ten-year term. Additionally, they have agreed…

Baseball fans in Ohio have plenty of reasons to be excited as the MLB season is finally here! And with it comes a great opportunity for all sports betting enthusiasts to place their bets on some of the best teams in the league. Luckily, there are various online sportsbooks available that offer competitive odds and lines for all kinds of major sporting events, including baseball games. Whether you’re looking for an easy way to bet on your favorite team or just want to try out something new, the Ohio sportsbooks list for the MLB will help you decide. Many of…

Last week, NFL owners voted to allow betting on NFL games at sports books located inside of stadiums, while the game is being played. This change is expected to go into effect at the beginning of next season. Currently, the Washington Commanders are the only NFL team with a physical sportsbook located within their stadium premises. The Arizona Cardinals, New York Giants, and New York Jets all have sportsbook  located just outside of their stadiums gates. Now, the changes to the rules could prompt teams such as the Cleveland Browns to switch their focus from betting lounges to an on-site…

This week’s gambling news finds that more people will place March Madness bets this year than on the Super Bowl! And the continued growth of sports betting is pushing those numbers higher all the time! We discuss this trend and gambling news from New Jersey and Nevada! Hello friends! And welcome to This Week in Gambling, where the NCAA basketball tournament is well underway, and wow! Purdue: Gone! Virginia: Gone! Kansas and Arizona: Gone! It’s Madness, I tell you! Madness! This week’s big story finds several major upsets as we reach the Sweet 16. And whether or not that’s a…

When sports betting in New York was passed with a 51% tax rate, we knew it would lead to problems. Now, both DraftKings and FanDuel New York are saying they could abandon the market if that tax rate isn’t lowered to something more realistic. The CEO of DraftKings, Jason Robins, described the situation as “unsustainable” while speaking at a recent joint legislative hearing. He pointed out that while the tax rate is already the highest in the nation, it’s even worse than it appears since fees and licensing make the state’s effective tax more than 70%. The President of FanDuel,…

Sports betting has only been up and running in the state since January 1st, but already we’ve seen huge fines for DraftKings and Barstool Sports in Ohio. All together, the Ohio Casino Control Commission has collected $900,000 in fines just this year for a variety of violations. First, the fines for DraftKings stem from a direct mail campaign in the state which ended up being sent to some young adults under the legal gambling age. It seems that some of those on the list were not yet 21 years old. There were also violations for not including a problem gambling…