Tag: Online sports betting

Players in New York spent $1.96bn (£1.56bn/€1.82bn) betting on sports online in April, one of the highest monthly figures since the state’s legal market launched in January 2022.

Handle is 27.3% higher than $1.54bn in April last year and 6.0% up from $1.85bn in March of this year. It is also the fifth highest monthly spend total on record in New York.

As for gross gaming revenue from sports wagering, April’s total hit $183.8m. This is 32.4% up from $138.8m in April 2023 and 21.2% ahead of March’s $151.7m haul.

The all-time monthly revenue record in New York stands at $211.5m, set in January this year. As for handle, players bet an all-time high of $2.11bn in November 2023.

FanDuel still the one to beat

Flutter Entertainment-owned FanDuel continues to hold a healthy lead in New York. During April, the operator posted $91.0m in revenue off $780.5m, both some way clear of the chasing pack.

DraftKings remains FanDuel’s closest challenger, reporting revenue of $63.2m and a $737.0m ha..

Shohei Ohtani's former interpreter Ippei Mizuhara Wednesday (8 May) agreed to plead guilty to two US federal charges–one count of bank fraud and one count of filing a false tax return–surrounding his theft of nearly $17m from the Japanese baseball star.

According to a US Attorney’s office press release, Mizuhara will plead guilty to both counts at a 14 May arraignment. The arraignment in US District Court for the Central District of California was initially scheduled for Thursday (9 May), but was postponed Wednesday (8 May).

The announcement of the plea deal came two hours ahead of Scott Sibella’s sentencing hearing. Sibella is the former Resorts World and MGM Grand executive who pled guilty in another tentacle of the federal investigation surrounding the Wayne Nix illegal gambling ring.

Mizuhara could face up to 33 years in prison for both charges in addition to fines up to $1.25m. The plea agreement said that prosecutors will advocate for a lesser sentence. By pleading, ..

On Tuesday (7 May) the PGA Championship became the first major golf tournament to make a deal with a wagering company. ESPN Bet parent company Penn Entertainment announced the deal.

Under the terms of the deal, ESPN Bet becomes the “official sports betting partner” of the PGA Championship.

The tournament will be held at Valhalla Golf Club in Louisville between 16-19 May. Because the PGA Championship changes venues each year, no brick-and-mortar sportsbook will be associated with the deal.

Next week, ESPN Bet will have a members lounge set up adjacent to the green on the 13th hole. ESPN Bet customers will be able to use the lounge.

Inside the lounge, ESPN Bet account holders will find beverages and covered seating and will also get special betting offers. The lounge will have a view of the par-4 13th hole.

“The added onsite presence of ESPN Bet as well as broadcast and content offerings will provide spectators with exciting new ways to enjoy and engage with all of the action du..

The DC Council's first hearing on a bill that would create an open, competitive sports betting marketing wasn't without rancour or criticism. And while there were some insights, there wasn't a vote or a clear plan for what happens next.

On Monday (6 May) Councilman Kenyan McDuffie chaired a three-hour hearing in the business and economic development committee exploring an open DC market.

Representatives from BetMGM, Caesars Sportsbook, DraftKings and Fanatics Betting & Gaming testified in favour.

The committee also heard heated opposing testimony from representatives of the small business community. And McDuffie and DC Lottery chief Frank Suarez revisited an earlier combative discussion about why change has taken so long.

On the financial side, a new bill would increase the tax rate for retail sportsbooks and reinstate funding for problem and responsible gaming initiatives. It would also allow seven professional sports franchises and teams to partner with sportsboo..