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No longer conducted in smoky backrooms by colorful and shady characters straight from a Damon Runyon novel, sports betting is a multi-billion-dollar global gaming enterprise legitimately conducted by some of the world’s most respected sports wagering and gaming companies.
The U.S. Supreme Court’s ruling to overturn a federal ban on sports betting meant that each state can self-determine legislation permitting sports betting. With only eight states currently permitting sports betting, you could be forgiven for assuming that some of the wind has been taken out of the industry’s sails.
Although the U.S. sports betting market is soon to be up and running in 10 states, it’s still very early in the game… states still have plenty of time to get it right, and they’ll need it
It has been said that sports betting is a low-hold business and that it’s easy to oversell its revenue potential. Both of those statements are true, but there’s also a strong argument that legal and regulated sports betting is the most dramatic development to hit the American gaming industry in decades.
Highlighting sports betting industry products from NOVOMATIC, SG Digital, Gary Platt Manufacturing, International Game Technology, Betgenius, and Gaming Innovation Group.
November was a very good month for New Jersey’s online and retail sportsbooks. Since sports betting was legalized in June 2018, the Garden State’s sportsbooks have combined to generate a respectable $928 million in wagers.
NASCAR has signed a multi-year partnership with Sportradar’s Integrity Services, a leading supplier of sports betting-related monitoring, education, investigation and consultancy services.
MGM Resorts International has retained TFA Capital Partners to assist the company in identifying opportunities for sports betting partnerships with tribal nations throughout the U.S.
The PGA TOUR announced that IMG Arena, IMG’s leading sports betting service and content hub, will distribute official PGA TOUR scoring data for media usage and sports betting purposes.
The National Basketball Association (NBA) and The Stars Group recently entered into a new multiyear partnership that will make The Stars Group an authorized gaming operator of the NBA in the U.S.
MGM Resorts International and Caesars Entertainment are among a group of companies that have banded together to form the Sports Wagering Integrity Monitoring Association, a new national non-profit organization to help monitor integrity and fight fraud as the country's new sports wagering market expands.
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