While the rest of Week 5 action may be uncertain due to the return of COVID-19, tonight’s Thursday Night Football (TNF) for the NFL will move forward as planned. The Tampa Bay Buccaneers and the Chicago Bears will meet on the gridiron, pitting two 3-1 teams against each other in a battle between the North and South
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NFL bettors were handed a reminder as to just how quickly a pandemic can alter the sports landscape after two COVID-19-related postponements made for a lighter Sunday schedule last weekend. The effects will reverberate into Week 5 according to analysts for TheLines, which tracks odds in the US regulated sports betting markets.
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U.S. sports betting stocks Penn National Gaming, Inc (NASDAQ: PENN) and DraftKings Inc (NASDAQ: DKNG) have been on fire so far in 2020. However, one analyst says sports betting is among the "hidden assets" that hold tremendous value for Fox Corp (NASDAQ: FOX) (NASDAQ: FOXA).
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Overall, gambling tax revenue for the state fell by 13.4% to $1.2 billion last fiscal year. Officials will look to legal sports betting and other gaming revenue streams to help recover from pandemic losses.
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Late last month, Barstool Sportsbook, a product from Penn National Gaming, posted a photoshopped image of a young child holding a sign that read: “Daddy I need -3.5.” The caption said, “Do it for the children.” The content was later deleted from the sportsbook’s Instagram account.
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Gregory Emmett Paloian is a figure in the Chicago underworld who was already sent away for over three years for illegal gambling almost two decades ago. The 66-year-old, who is said to be linked up with a notorious Chicago mob, is now looking at a return to his home away from home for a second time after being brought up on charges of returning to his old habits.
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Two popular and highly regarded restaurants in Atlantic City will remain closed permanently, victims of the coronavirus and the restrictions that came with it. Philadelphia restaurateur Stephen Starr told The Associated Press on Tuesday that Buddakan and The Continental, which have been closed since mid-March, will not reopen.
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Game Account Network has been selected by casino developer and operator Wynn Resorts to be the enterprise software platform for the firm’s impending launch in Michigan. The ten-year partnership will see the launch of igaming and online sports betting alongside the first regulated online gambling operators in November 2020, subject to all regulatory approvals.
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The U.S. gambling landscape is rapidly changing and British bookmakers are bringing their successful UK sports betting model to America.
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Gambling on election-related activities is prohibited in most jurisdictions in the U.S., making the Super Six a gambling/not gambling option for the elections. Being free-to-play, it is able to skirt many of the anti-gambling laws, and it continues to gather a significant amount of interest.
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Tennessee Action 24/7 drew approval from the Tennessee Lottery’s Sports Wagering Committee, joining FanDuel, BetMGM and DraftKings.
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The contract between Colorado and PointsBet is believed to be the first high-profile sports gambling deal in major college athletics. It is not without controversy. SI has obtained a copy of the contract.
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