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Daily Archives: October 3, 2024

October 3, 2024

Jontay Porter co-conspirator pleads guilty

Former professional poker player Long Phi Pham, who conspired with ex-NBA player Jontay Porter and two others in a sports betting scam, on Wednesday (2 October) agreed to plead guilty to one charge of conspiracy to commit wire fraud.
Pham appeared in the US District Court for the Eastern District of New York. He was released on a bond of $750,000 (£571,450/ €680,062) and will be sentenced 25 April 2025. Pham, Jontay Porter and two others were set to win more than $1m total after the Toronto Raptors player agreed to remove himself early from two games earlier this year. But DraftKings flagged the outsized player-prop bets, and an investigation ensued.

NBA commissioner Adam Silver in April banned Porter for life. Three months later, he pleaded guilty to conspiracy to commit wire fraud in July and is awaiting sentencing. Federal prosecutors recommended a sentence of 41-51 months in jail. Porter was released on $250,000 bond and his sentencing is set for 18 December.

Porter’s brother, ..

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October 3, 2024

FanDuel holds off DraftKings challenge to lead Ohio betting market in August

Flutter Entertainment-owned FanDuel remained the frontrunner in the Ohio sports betting market in August – a month in which the Buckeye State saw revenue drop to a calendar year-low
According to the Ohio Casino Control Commission report that dropped on Tuesday (1 October), total player spend in Ohio for August was $547.9m (£417.6m/€496.2m). This is 44.6% ahead of last year and 14.9% more than July of this year.

Consumers wagered $539.9m on sports online during the month, while a further $13.0m was bet at retail sportsbooks.

In terms of taxable revenue, this amounted to $48.8m, the lowest monthly total so far for 2024. The August figure was 19.6% more than the same month last year but 8.8% behind July’s $55.3m haul.

Online sports betting generated $46.6m in revenue, while retail sportsbooks contributed $2.0m to the monthly total. Total taxable revenue for the year-to-date in Ohio stands at $541.5m.

As for hold, this hit 8.91% for the state as a whole in August. Online hold was 8.63%..

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October 3, 2024

Gambling advertising laws tightened in New York

The bill ensures all forms of wagering, including online, will carry responsible gambling messaging.
In a move aimed at addressing the growing concerns over gambling addiction, New York’s governor, Kathy Hochul, signed into law new legislation that mandates stronger warnings in gambling and sports betting advertisements. The legislation, S1550/A1118, requires all gambling-related advertisements, including those for mobile sports wagering, to include clear warnings about the potentially harmful and addictive effects of gambling.

This move expands on previous regulations. New York previously required only the display of a problem gambling hotline number and didn’t cover online gambling.

The legislation also mandates that the New York State Gaming Commission collaborate with the Commissioner of Addiction Services and Supports to ensure that all gaming-related advertisements prominently display a hotline for problem-gambling assistance.

“I want New Yorkers to be able to safely enjoy the..

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