Sports Betting Updates Weekly: Continuous Developments in Betting Markets on a Global Scale
Keepin' It Sassy:Hey there, sports fans! Time to catch up on the week's top stories in the wild world of sports betting, gaming, and more. Whether you're recoverying from the Thanksgiving feast, caught in the shopping frenzy, or glued to college football, here's your rundown without wasting a minute.
The Week's Hot Spots:
1) Rhode Island is finally gearing up for sports betting launch at the Twin River Casino in Lincoln, slated for Monday (y'all should cancel your plans for some good ol' sports action).
2) Virginia, with zilch casinos and only a few racetracks, tossed a bill into the ring for 2019. This bill gives the state lottery the authority to license up to five sportsbooks, allowing them to decide if they'll roll out online-only operators or brick-and-mortar as well. Keep your eyes peeled for more action down South.
3) Mississippi shuffled its cards in October, reporting a static betting handle at around $32.8 million but a drop in hold to 3.59% due to heavy football losses.
4) DraftKings ran into Town with two new sportsbooks, opening a brick-and-mortar spot in Mississippi (near Biloxi) and Resorts Casino in Atlantic City (leaving New Jersey's online sportsbook handle and revenue in awe).
5) Delaware's October handle took a dip, giving us a hint that they might consider allowing patrons to make wagers via mobile devices or the web instead of in-person.
More Top Stories in Sports Betting and Gaming:
THE HARDEST GRIND: New York casinos await sports betting for a revenue boost [D&C]
ON A ROLL: Nevada Senate to consider legislation that monitors sports tout services [Sports Biz]
COMING BACK STRONG: Harrah's Casino, the pioneer in Vegas, is making a comeback [Forbes]
PEAKS AND VALLEYS: NJ operators confess to struggling through October: 'Everything is just so volatile' [NJOG]
PAIN IS TEMPORARY: Chiefs-Rams MNF pointsplosion resulted in Vegas books taking a 'healthy seven-figure loss' [CBS Sports]
THREE'S A CROWD: William Hill cuts the ribbon for its sportsbook at the Mountaineer Casino [WV Metro]
OPEN SEASON: Daily fantasy sports contests take charge in New York [Buffalo News]
UP NORTH: Washington's horse-racing industry braces for potential sports-betting regulations [Wash Wire]
Don't miss the NFL Week 12 'Pro Football Handle' Podcast.
Enjoy your weekend, sports fanatics!
- On Wednesday, the volatile developments in sports-betting continue with the line between online-only sportsbooks and brick-and-mortar establishments becoming increasingly blurred in Virginia, as lawmakers consider authorizing up to five sportsbooks.
- In the footnote of this week's sports-betting news, DraftKings doubled down on its sports-betting expansion, opening two new sportsbooks in Mississippi and New Jersey, potentially disrupting the current market and candidate mobile sports-betting ventures in Delaware.
- Sports analysts suggest that Rhode Island's launch of sports betting at the Twin River Casino on Monday might go down as one of the line-changing events in the world of sports-betting, marking a new era for sports-betting in the region.
- As the NFL Week 12 approaches, the Volatility of the pro football handle is at an all-time high, with New York casinos still waiting for sports betting to bring in a revenue boost and Chiefs-Rams MNF pointsplosion resulting in a heavy seven-figure loss for Vegas books.
- In sports-analysis circles, the NJ operators' struggles in October, as described in the NJOG, emphasize the need for adaptability in the sports-betting market, as everything seems to be just so volatile.
