It’s March Madness and more people than ever can legally bet on basketball games

It’s March Madness and more people than ever can legally bet on basketball games

People in North Carolina may have a little more riding on this year’s NCAA men’s and women’s basketball tournaments, as they will be able to legally bet on the games through their smartphone apps and computers for the first time. For the sixth straight year, the number of states allowing legal sports betting has expanded … Read more

Florida rivals ask courts to stop online sports gambling off tribal lands

Florida rivals ask courts to stop online sports gambling off tribal lands

ORLANDO, Fla. — The state of Florida and the Seminole Tribe of Florida will be raking in hundreds of millions of dollars from online sports betting this decade, thanks to a compact between the tribe and Gov. Ron DeSantis that gave the tribe exclusive rights to run sports wagers as well as casino gambling on … Read more

Panel says the next generation of online gambling will be more social, engaged and targeted

Panel says the next generation of online gambling will be more social, engaged and targeted

NEW YORK — The future of online gambling will be more social, more engaged with players and more targeted to their individual interests, an industry panel said Thursday. Speaking at the Next.io conference on internet gambling and sports betting, panelists said online gambling — which is still in its infancy after a decade — already … Read more

New Jersey gambling regulator who advised nation on integrity and oversight retires

New Jersey gambling regulator who advised nation on integrity and oversight retires

ATLANTIC CITY, N.J. — David Rebuck, who oversaw New Jersey’s development of nation-leading internet gambling and sports betting industries and advised more than two dozen states on setting up and regulating their own gambling operations, retired Friday after 13 years as one of America’s most influential gambling regulators. Rebuck, 71, stepped down as director of … Read more

DraftKings posts 44% revenue growth, but falls short of estimates

DraftKings posts 44% revenue growth, but falls short of estimates

In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%. Here’s what DraftKings reported compared with what Wall Street … Read more

Super Bowl bets placed online surged this year, verification company says

Super Bowl bets placed online surged this year, verification company says

ATLANTIC CITY, N.J. — Online betting on the Super Bowl surged this year, with many gamblers waiting until right before the kickoff to place their wagers, according to a company that tracks the location of internet gamblers. Data released Monday from GeoComply shows that the number of verification checks it carried out over the weekend … Read more

Here’s how to bet legally on the Super Bowl

Here’s how to bet legally on the Super Bowl

ATLANTIC CITY, N.J. — ATLANTIC CITY, N.J. (AP) — More people in the U.S. than ever before are expected to bet on this year’s Super Bowl, including novice bettors attracted to the game due to the possible attendance of pop star Taylor Swift, whose boyfriend Travis Kelce will be among the players. With sports betting … Read more

Betting on the Super Bowl? Be sure to report your wins to the IRS

Betting on the Super Bowl? Be sure to report your wins to the IRS

Travis Kelce of the Kansas City Chiefs, left, and George Kittle of the San Francisco 49ers stand on stage during the NFL’s Super Bowl Opening Night show at Allegiant Stadium in Las Vegas, Feb. 5, 2024. Chris Unger | Getty Images Sport | Getty Images Sunday’s Super Bowl between the NFL’s San Francisco 49ers and … Read more

Wynn nearly back in Macao, Vegas strong ahead of Super Bowl, Chinese New Year

Wynn nearly back in Macao, Vegas strong ahead of Super Bowl, Chinese New Year

Wynn Resorts posted beats on its top and bottom lines in the fourth quarter. In results released after the closing bell Wednesday, both Macao locations and Las Vegas were strong while Boston Harbor was essentially in line with expectations. The Club stock moved higher in after-hours trading. Operating revenue for the three months ended Dec. … Read more

Virginia considers a major expansion of gambling by legalizing ‘skill games’

Virginia considers a major expansion of gambling by legalizing ‘skill games’

RICHMOND, Va. — Dueling legislative proposals in Virginia backed by different gambling companies would open the door for an expansion of slot-like betting machines in businesses such as truck stops, restaurants and convenience stores. At the center of the debate are “gray machines,” arcade-style games that look similar to slot machines but involve an element … Read more