SportsHandle and friends deliver another round-up of the week’s big developments in US sports betting.
California Wagering Initiatives Made The Worst Kind Of History
Like a lot of political observers on the left coast, West Hollywood resident Rob Pyers was floored by the epic margin by which Proposition 27 was voted down in California last week.
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Monthly Stock Watch: Books Remain Focused On Reaching Profitability By Late 2023
Despite Wall Street forecasts of a likely economic downturn over the next 12 months, prominent sports betting companies are still laser-focused on attaining profitability by late 2023.
Several top sportsbook operators are facing intense pressure from investors to break even by next year’s final quarter. Over the last several weeks, the topic dominated conversation on quarterly earnings calls, as leading sportsbooks remain in the red.
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Mobile Sportsbooks Will Go Live In Maryland On Wednesday, Lottery Announces
Legal mobile sportsbooks will launch in Maryland next week, the Maryland Lottery announced Thursday. The official mobile sports betting launch will occur on Wednesday, Nov. 23, although the exact time of day that bets will start being accepted has yet to be determined.
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Texas Senator Introduces Resolution To Allow Sports Wagering, Casino Gambling
On the heels of sports wagering’s crushing defeat at the California polls, a legislative push has been launched in Texas to give voters a say on whether they want to legalize sports betting and casino gaming in that enormous state.
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More Than 20 Million Americans Expected To Wager On Second Post-PASPA World Cup
The last time the FIFA World Cup was contested, in June and July of 2018, three U.S. states offered legal sports betting, to a grand total of about 10 million adult residents.
When the 2022 edition of the tournament for international soccer bragging rights kicks off in Qatar on Sunday, an estimated 132 million Americans in 31 states plus Washington, D.C., will have legal access to betting. Accordingly, a new survey from the American Gaming Association projects massive wagering numbers on the World Cup, with the majority — but not all, of course — of that gambling being done legally.
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J.J. Watt Coming Through For Sports Bettor Who Lost On Bad Call
Toward the end of the first half of the Rams-Cardinals game on Sunday, J.J. Watt appeared positioned for a scoop-and-score touchdown — if the officials called the play correctly. Rams quarterback John Wolford was hit and coughed up the ball, but a ref’s whistle blew it dead, ruling it an incomplete pass, before Watt could run the ball into the end zone.
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PA Gaming Board Campaign Targets Gamblers Who Leave Kids Behind
The Pennsylvania Gaming Control Board voted Wednesday to ban from the state’s casinos eight more adults who abandoned their kids to gamble — as the regulator had done 147 times previously — but it took an additional step to address the problem more directly than it ever has.
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Fanatics, SPIRE Institute Among New Ohio Wagering Licensees
The Ohio Casino Control Commission on Wednesday approved 14 new sports betting licensees, among them Geneva Sports, which operates a sports academy, and Fanatics, the sports merchandise company that is planning a move into sports betting. The OCCC also discussed its bet menu, which it released late Wednesday.
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New Jersey Residents Say Smoke ‘Em If You Got ‘Em In Atlantic City
While New Jersey legislators supposedly have the votes to ban smoking inside of Atlantic City’s casinos — and Gov. Phil Murphy said he’d sign that bill should it reach his desk — New Jersey voters might prefer that lawmakers instead just pass the ashtray.
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