Sports Betting & Gambling News for July 2024

Where are college player prop bets allowed, restricted, or banned? Check the status of each state here.

The Chicago Bears have the highest expectations for this year’s NFL Draft, while the Carolina Panthers’ fanbase is the most skeptical.

DraftKings, a sports betting operator, has been fined by New Jersey regulators for inaccurately reporting financial data.

A New Jersey assemblyman is advocating for the legalization of betting on local college teams.

Rep. Edgar Gonzalez Jr. remains steadfast in his commitment to pushing forward with his efforts to pass an iGaming bill in Illinois, despite previous setbacks.

In 2024, Caesars Entertainment was awarded the prestigious title of Casino Operator of the Year at the EGR Awards, marking the first new winner in this category since 2020.

BetMGM and Newcastle United have renewed their partnership until the 2024-25 season, with a focus on analyzing the agreement and its effects on both entities.

Stake is exploring opportunities in regulated markets, such as Canada, and we are outlining the strategies being implemented by the sportsbook and casino operator to achieve this goal.

The licensing process for downstate New York casinos has been established, with a slight delay from the initial date, more than ten years after the launch of upstate casinos.

The 2025 budget approved by the Michigan Legislature allocates funds specifically designated to promote responsible gambling within the state.

A fresh Betway advertisement for Wimbledon hints at the comeback of tennis icon Andy Roddick, who vows to claim victory at Wimbledon in 2024.

The Governor’s unexpected choices for the Minnesota Racing Commission have caused some controversy, but he stands by his appointments.

The initial legal sports betting exchange between peers in the United States is shutting down in New Jersey.

The DC Council has approved the FY2025 budget and introduced a new category of betting licenses, potentially increasing the number of operators accessible to residents.

Although there is not strong polling support for a Missouri legal sports betting platform, there are potentially enough signatures to secure a spot on the November ballot.

Boyd Gaming, a gambling operator based in Las Vegas, has reportedly reached out to rival Penn Entertainment to explore the possibility of acquiring the company.

Several government ministers in Alberta have recently discussed the potential legalization of a sports betting platform in the province.

The Baltimore Ravens and Fanatics have entered into a more extensive merchandise partnership, with all the information and statements from both sides available.

888casino and 888poker have officially left the New Jersey market, two weeks later than originally expected.

Governor Kathy Hochul of New York is considering holding a special session to discuss the potential addition of casinos to the existing legal sports betting landscape in the Empire State.

Thunderkick, a slot developer, further expanded its presence in North America by debuting in Ontario.

FanDuel issued a warning about potential termination of operations in Washington, D.C. following a decision by the city council.

New Hampshire bettors have been enthusiastically wagering on the NBA playoffs, betting a total of $8.5 million on the Boston Celtics as they make their way towards the championship.

Last week, Lotto.com expanded to Arizona, becoming the 10th state in the U.S. lottery courier market for the growing business.

FanDuel achieved record-breaking sports betting numbers in Washington, D.C. during its first month of operation, but there are potential challenges ahead for the partnership.

The Ohio Casino Control Commission has published its financial report for May 2024, showing a robust performance for both slot machines and table games in Ohio.

Virginia’s May 2024 sports betting financial report reveals a significant year-over-year increase in handle for Old Dominion.

The NIGC report for the fiscal year 2023 has been released, revealing sustained impressive expansion in Tribal-owned and operated gaming.

In May 2024, Nevada experienced a significant decrease in its sports betting handles, dropping out of the top five jurisdictions and declining from the previous year.

Zach Edey’s week has been full of surprises, as he went from being underestimated as a lottery pick to being selected in the top 10 of the draft and emerging as the favorite among bettors for NBA Rookie of the Year.

In May 2024, Colorado achieved its second-highest hold rate since legalization, and we have all the information on the state’s sports betting finances.

Despite not meeting its original goal, Bally Bet is now on track to launch in Massachusetts, possibly as soon as Monday.

Circa Sports secures second NHL jersey patch partnership with Chicago Blackhawks, complete with agreement specifics.

LeoVegas, a subsidiary of MGM Resorts, has completed the acquisition of Tipcio. We have the specifics of the transaction and insights into LeoVegas’ strategies for their latest addition.

Louisiana has released its sports betting financials for May 2024, revealing how the sportsbook once again outperformed the public.

Regulators in Michigan and Colorado have sent cease-and-desist letters to Bovada, a popular unlicensed sports betting operator in the United States. We have information on how Bovada has responded to these actions.

Simplebet continues to demonstrate the vitality of microbetting with another successful NBA season.

Although Maryland has a well-established sports betting market, Betfred has decided to exit the state due to its inability to compete with larger competitors.

Caesars Entertainment has finalized its acquisition of WynnBET’s iGaming market access in Michigan.

In May 2024, Pennsylvania sports betting achieved two significant milestones by reaching $30 billion in handle and $2.5 billion in revenues, placing it among a select group of states.

The financial report for Massachusetts’ sports betting operations in May 2024 has been published, revealing a solid month of activity.

The U.S. Supreme Court declined to hear an appeal regarding the Florida sports betting compact with the Seminole Tribe, potentially bringing an end to the lengthy legal battle.

Betr has officially entered into an agreement with Betting Ladies, and we have obtained all the specifics of the deal between the microbetting platform and the enthusiastic female sports bettors.

BetMGM has recently announced the exciting news of several significant Casino jackpot winners, one of whom struck it rich in Michigan. Stay tuned for more information on these lucky individuals.

Last month, the Ontario government announced plans to expand alcohol sales to corner and “big-box” stores. As a result, some are wondering if sports betting could be available at The Beer Store in the future.

Despite facing losses and declining stock prices, which led to pushback from shareholders, PENN Entertainment has approved executive compensation packages and re-elected board members.

Baseball is facing yet another gambling controversy as umpire Pat Hoberg is now facing disciplinary action.

NCAA president Charlie Baker has remained outspoken in his opposition to prop betting.