Virginia Mobile Sports Betting Handle Nears $1 Billion

Mobile Betting

The Virginia sports betting market surpasses $865 million in wagers for its first four months. Mobile and online betting dominated the market. The commonwealth saw $3.2 million in sports betting revenue in the first four months. RICHMOND, Va. – The Virginia sports betting market has seen major success in its young life, surpassing $865 million … Read more

Future Of Legal Online Sports Betting, Will It See A Second Wave?

Westgate Sportsbook App

The future of online sports betting in the United States will only grow larger in the years to come according to studies by the American Gaming Association (AGA) that have been done on the topic. Other countries around the globe are also considering legislation for internet sports betting platforms as they are reeling to come … Read more

Online Sportsbooks Report Spike In NFL Wagers

Online Sportsbooks Report Spike In NFL Wagers

The NFL is the most bet on sport for any sports bettor. Dramatic increases in wagers were seen for Week 1 in the NFL. Sportsbooks would not divulge exact numbers, but the popularity for sports betting has clearly exploded. NEW YORK – Both FanDuel and DraftKings reported better opening NFL season numbers than last year’s … Read more

Parallels Between The Legal Sports Betting, Marijuana, And Alcohol Industries

The Legal Sports Betting, Marijuana, And Alcohol Industries

Legal sports betting is now offered in 13 states and 17 states in total have legalized the activity since the repeal of PASPA. There are a total of 10 states that have legalized recreational marijuana and 33 that have legalized the drug for medical use. The market value of alcoholic drinks is expected to reach … Read more

Is It Time For The NCAA To Embrace Sports Betting?

Is It Time For The NCAA To Embrace Sports Betting?

The NCAA will see their TV ratings increase from legalized sports betting, immediately offering a kickback to the league. With the addition of sponsorships or mandated injury-reports, the NCAA could further benefit from legal sports betting. Though the NCAA “opposes all forms of legal and illegal sports wagering”, they would be foolish not to reconsider. … Read more