Casino Losses Pegged at $40 Billion Worldwide
Covid-19 will strip the world’s casinos of 25 percent of their gaming revenue by the time 2020 draws to close—a sum exceeding $40 billion in U.S. dollars. And the money won’t be coming back any time soon. Research compiled by U.K.-based Global Betting and Gaming Consultants (GBGC) for the latest edition of the firm’s annual […]
NHL’s Back On Ice—Will the Shutdown Affect Performance?
Starting Saturday, August 1, the National Hockey League is back. A playoff-type tournament will determine the Stanley Cup champion by early October. PlaySugarHouse.com has the Boston Bruins and Tampa Bay Lightning co-favored at +650 to win it all. The Vegas Golden Knights are +800 and the Colorado Avalanche are +900, among the leaders. There will […]
Will the Orlando Magic Rediscover Its Defense?
The Orlando Magic was quietly one of the stronger defensive teams in the NBA this season. It allowed the fewest points per game off turnovers in the league, and surrendered the second-fewest second-chance points and third-fewest fastbreak points per game. Orlando gave up the fourth fewest points per game and ranked 10th in defensive efficiency […]
There’s A Reason More Bettors Prefer Legal Sportsbooks (Like Knowing You’ll Get Paid!)
U.S. sports bettors are getting the message that legal, regulated sports betting providers trump illegal bookies, for a number of important reasons—including the guarantee that if they win, they’ll get paid. New research from the American Gaming Association (AGA) shows that, in states with legal sports betting states, illegal bookies took in 25% less percent […]
Surprise! Simulation Model Says This Team Will Dominate in the MLB Season
A BetQL model simulated every game in the shortened Major League Baseball season 10,000 times and gave the Atlanta Braves a 93.82% chance to make the playoffs (-1515 implied odds) and a 69.31% chance to win the NL East (-226 implied odds). BetMGM.com has Atlanta listed at -120 (54.55% implied probability) to make the playoffs […]
Virginia Lottery Moves on Sports Betting Rules
The Virginia Lottery is expected to unveil proposed sports betting regulations at its July 15 meeting, and then vote on the regulations 60 days later. That timeline could set the stage for sports betting in the state by early next year. Virginia lawmakers approved sports wagering in April, with the law taking effect July 1. […]
Churchill Downs Partners with Kambi, GAN
Churchill Downs is partnering with platform supplier GAN and sportsbook technology supplier Kambi in developing an online sportsbook under the operator’s BetAmerica brand in New Jersey and Pennsylvania. The operator has used the SBTech platform and sportsbook for its BetAmerica brand in the past, but the BetAmerica brand “has made relatively limited headway to date […]
Major League Soccer Goes for Sports Bets
Major League Soccer has a new wrinkle in its match schedule for its tournament: gambling odds from BetMGM. On the rolling schedule ticker atop MLSsoccer.com, BetMGM’s odds on a wager to win for each team are included in every listing for the first 12 group games of the competition. For example, Orlando City is listed […]
DraftKings Opens Colorado Sportsbook
On July 10, DraftKings Inc. and Twin River Worldwide Holdings (TRWH) debuted a temporary retail sportsbook at the Mardi Gras Casino in Black Hawk, Colorado. The temporary sportsbook, located on the first floor of the casino, will feature eight self-service betting kiosks, a cashier window and several large flat screened TVs throughout the space. “As […]
California Tribes Get OK To Pursue Sports Betting Vote
A California tribal gaming coalition is moving quickly to gather enough signatures to qualify a sports-betting measure for the ballot. Before the Covid-19 pandemic took hold, the coalition of 25 gaming tribes and racinos was on the verge of collecting the 1 million-plus signatures required by the state (of 1,096,853 signatures, it had collected 971,373). […]
Coronavirus Spike: Bars Close in Vegas
Experts say the recent surge in new coronavirus cases across much of the U.S. will likely induce more gamblers to stay close to home, hampering Las Vegas’ chances of an early recovery. Southern California, which alone accounts for around 20 percent of visitors to the casino mecca, has recently seen a big jump in infections, […]
Massachusetts Casinos Reopen
Plainridge Park Casino was the first casino to open in the Bay State, five years ago, and it was also the first to reopen on July 8. But the Encore Boston Harbor and MGM Springfield won’t be far behind: with the Encore opening July 12 and the MGM on July 13. At first they will […]
