October 31, 2024 – Bookielink

October 31, 2024

Bettor who stood to win $1 million in Jontay Porter betting scam pleads guilty

On Wednesday (30 October) Mahmud Mollah became the third person in the Jontay Porter sports betting scandal to plead guilty to wire fraud conspiracy.

Mollah is the gambler who placed bets that would have won $1 million (£776,609/€920,850) on the performance of then two-way NBA player Jontay Porter. Porter, who was playing for the Toronto Raptors on a 10-day contract, removed himself early from games on 26 January and 20 March so he and the gamblers could win “under” bets.

Earlier this month, NBA betting partners, including BetMGM, DraftKings and FanDuel, announced they would stop taking bets on the league’s lowest-paid players, according to The Athletic. No “under” bets will be available on two-way players or players on 10-day contracts. Porter was set to earn $56,000 from his short-term contract with the Raptors and the NBA believes these players are most at risk for being corrupted by bettors.

Mollah pleaded in the the US District Court for the Eastern District of New York. Port..

October 31, 2024

US September round-up: Sports betting in Colorado, New Hampshire and Rhode Island

Analysing some of the latest monthly sports betting reports in the US, iGB takes a look at how Colorado, New Hampshire and Rhode Island performed in September.

Colorado scores year-on-year growth in September

Starting in Colorado, the Colorado Department of Revenue this week reported total handle across online and retail in September hit $562.9 million (£433.0 million/€518.5 million). This beats last year by 9.8% and also surpasses August’s total by 51.2%, according to the Colorado Department of Revenue.

Of all wagers placed during September, $558.1 million was online and $4.8 million at retail sportsbooks.

Betting volume was helped by the start of the NFL season. Some $173.1 million was bet on American professional football in September, far more than any other sport. Baseball betting topped $69.0 million and college football $42.3 million.

Gross gaming revenue for September was $55.1 million, up 21.6% from last year and 66.0% more than August. Online contributed $54.6 million to..

October 31, 2024

This weekend’s Breeder’s Cup truly a global event; Japan enters a record 19 horses

In the mid-1980s, Kentucky horseman John Gaines established the Breeder’s Cup as an international thoroughbred race. More than 40 years later, the event is living up to the vision.

Horses from nine countries and five continents will compete in the Breeder’s Cup, 1-2 November, at Del Mar in California. Horses and trainers from Argentina, Canada, Chile, France, Ireland, Japan, the UK and US all return. South Africa will compete for the first time.

But Japan dominates the field, with a total of 19 entrants. Forever Young from Hokkaido’s Northern Farm is among the contenders to win Saturday’s $7 million (£5.4 million/€6.4 million) Longines Classic, along with Irish-trained City of Troy and US favourites Fierceness and Next.

Japan contingent “exceeded expectations”

In 2021, Japan sent eight horses to Del Mar and came away with two trophies: Loves Only You in the Filly & Mare Turf and Marche Lorraine in the Distaff. That momentum is now a tsunami.

The volume and diversity of Japanese en..

October 31, 2024

Former Brazil finance ministry advisor warns against banning online betting

José Francisco Manssur, former special secretary of the Brazil ministry of finance, has cautioned that a ban on online betting would be a backwards step for the country.

On 21 October, Senator Sérgio Petecão proposed Bill 4,031/2024 to ban online betting in Brazil over concerns it is driving fiscal debt and gambling addiction.

The bill is the latest in a string of initiatives by politicians to restrict online betting in Brazil, which is set to launch its legal market on 1 January 2025.

Manssur played a key role in Brazil passing its online betting legislation over the line, before he left his position as an advisor in February of this year, subsequently becoming a partner at law firm CSMV Advogados.

With 269 companies having so far applied for a betting licence ahead of the January launch, Manssur says there is clear evidence the industry supports the Secretariat of Prizes and Bets’ (SPA) regulations and deems them sufficient in protecting players.

In an op-ed for Poder 360 dat..

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Daily Archives: October 31, 2024