SportsHandle: the week that was in US sports betting

SportsHandle and friends deliver another round-up of the week’s big developments in US sports betting
Image: Shutterstock

SportsHandle and friends deliver another round-up of the week’s big developments in US sports betting.

Rubin Believes Fanatics Can Hang With Sports Betting Giants As App Launch Nears

Before Fanatics Sportsbook launches its highly anticipated mobile sports betting app in the coming months, Michael Rubin provided a sneak peak on Tuesday in Los Angeles.

Perched on a white leather chair, the vibrant Fanatics CEO addressed an audience inside the J.W. Marriott’s Diamond Ballroom at the CAA World Congress of Sports. Hours earlier, NBA Commissioner Adam Silver conducted a fireside chat on the same stage at an event regarded annually as one of the nation’s most prestigious sports business conferences.

Read the full story here

Criminal Intent: How Bonus Abuse Is Identified And Investigated

When you think about sports betting, the words “ringleader,” “dark web,” or “fraudsters” don’t necessarily come to mind. But those words offer a window into bonus abuse, an identity-theft type of fraud unique to the digital world.

Read the full story here

Could Chinese Basketball Fiasco Impact U.S. Sports Betting?

In the Chinese Basketball Association last Friday, the Jiangsu Dragons led the Shanghai Sharks by a score of 100-96 with 1:36 left to play in a decisive Game 3 of their playoff series.

A four-point lead with that much time on the clock is hardly iron-clad, but what happened over the next minute was nevertheless peculiar. The Dragons proceeded to turn the ball over on five consecutive possessions — and not necessarily because of stellar defense. As a result, a 10-0 Shanghai run ensued, and the Sharks punched their ticket to the CBA quarterfinals.

Or so they thought.

Read the full story here

What’s The Difference Between A Legal Wagering Age Of 18 Versus 21?

When Gov. Andy Beshear signed sports betting into law on March 31, he made Kentucky the biggest U.S. jurisdiction by population to adopt a legal wagering age of 18. Of the 26 legal digital states plus Washington, D.C., and Puerto Rico, only six currently allow betting at 18, and four of those — Montana, New Hampshire, Rhode Island, and Washington, D.C. — are regulated by state lotteries.

Read the full story here

Operators Starting To Grow Their In-House Casino Games

Right now, only six states allow legal online casino gamblingNew Jersey, PennsylvaniaMichiganWest VirginiaConnecticut, and Delaware. 

Clearly, there is plenty of room for the industry to grow, and it’s not exactly a trade secret to note America’s sportsbooks and casino operators are looking to a future where more and more states legalize iGaming.

But even with a mere six states live, operators are doing plenty of experimenting when it comes to their online casinos. This was highlighted in the March 2023 Eilers-Fantini Online Game Performance Database report, which showed internal games — those are casino games produced by the operators themselves — now account for nearly 8% of the gross gaming revenue in the U.S. market.

Read the full story here