For Bettors, Bookies, a Super Sleeper

Forecasts called for heavy action on the first Super Bowl since the U.S. Supreme Court opened the floodgates to legal sports betting nationwide. The reality didn’t quite measure up. Sports books in Nevada won more than expected, but the first Super Bowl in New Jersey was less than successful, as they dropped $4.6 million. FanDuel, which dominates the N.J. market along with DraftKings, took a loss of $5 million on its own.

States Blast DOJ Wire Act Ruling

New Jersey Attorney General Gurbir Grewal (l.) is criticizing the federal Department of Justice’s reversal on its interpretation on the federal Wire Act and openly questioning whether Las Vegas Sands owner Sheldon Adelson is behind it.

AGA: Half of U.S. States Will Turn to Sports Betting in 2019

The American Gaming Association estimates that by the end of this year, half of the 50 states in the U.S., will either have legalized sports betting or will be considering doing so. AGA Senior VP Sara Slane (l.) says more money was wagered on betting than spent on pizza and chicken wings.

Report: U.S./China Trade War Hurting LVS Shares

A report from Roth Capital Partners estimates that the trade war between the U.S. and China may be hurting the share price of Las Vegas Sands. Some experts believe that the relationship between LVS Chairman Sheldon Adelson and President Donald Trump exacerbates the damage.

Maryland Lawmakers Consider Esports

A bill has been introduced in the Maryland legislature that would provide for the addition of esports into the permissible offerings of the state’s casino and lottery industries.

D.C. Council Rejects Sports Betting Bids

The District of Columbia council is pushing ahead with a controversial bill allowing it to avoid taking bids for a sports betting vendor. It also extends the contract with the current D.C. Lottery vendor, Intralot. Executive Director Beth Bresnahan (l.) said an open-bid process would take at least 27 months and cost millions of dollars.

Report: Ladbrokes Pushing Online Accounts in Face of Shop Closures

UK bookmaker Ladbrokes is telling employees to push online account sign-ups to avoid being part of 5,000 planned layoffs as it closes about 1,000 retail betting shops, according to a report in the UK paper the Guardian. The company plans to close the shops as the UK drops the maximum bet on fixed odds betting terminals to £2. Redundancies to decide which shops close will be done through a ranking system. Part of the ranking system will involve how many new sign-ups an employee brings in, the paper said.

A Banner 2018 for Nevada Gaming

The $11.9 billion in win was the state’s third-best annual total ever. The Las Vegas Strip was up 2 percent to $6.56 billion. Reno was up 4 percent to $636.9 million. Sports books handled more wagers than ever, $5 billion worth, and won a record $301 million.

Casino Bill Moves To Virginia House

In a 28-12 vote, a casino bill passed from the Virginia Senate to the House for the first time in the state’s history. It would allow casino referendums in Bristol, Danville and Portsmouth, but not before 2020. The delay would allow a comprehensive study of the state’s gambling industry, due by January 1, 2020. Senator Tommy Norment (l.) wants a tax rate between 13 percent and 15 percent.

Bridgeport Officials Renew Calls for Casino

Officials of Bridgeport, Connecticut and the city’s delegation to the legislation are renewing calls for a casino in the city. MGM has proposed a casino in Bridgeport (l.). The only thing standing in the way is the existing gaming tribes.