Latest NFL season highlights financial risks for sports betting companies when so many favorites win
3 days, 13 hours ago

Latest NFL season highlights financial risks for sports betting companies when so many favorites win

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Flutter Entertainment, which operates FanDuel and dominates the sports betting industry with a market value of $45 billion, said the latest NFL season has been “the most customer-friendly” with the highest rate of favorites winning in 20 years. Commercial sports betting revenue in the U.S. surged 27% to just under $11.1 billion through October in 2024, compared with the same 10-month period in 2023, according to the American Gaming Association. The organization had previously forecast that American adults would bet $35 billion with legal sports books throughout the National Football League's current season. That’s a sharp reversal from less than a decade ago, when sports betting was relegated to official sports books in Las Vegas and in more shadowy betting markets.

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History of this topic

NFL Underdogs Shine Again: Five Teams Cover Spread in Second Week of Betting Success
2 months, 3 weeks ago

NFL Underdogs Shine Again: Five Teams Cover Spread in Second Week of Betting Success

Associated Press  

Many bettors found success at the BetMGM sportsbook this week, with several teams and college football games exceeding expectations. The Philadelphia Eagles emerged as the biggest winners, covering the spread in multiple games. Other notable winners included the Washington Commanders, Carolina Panthers, and Kansas City Chiefs. In the NBA, the New York Liberty secured a victory against the Minnesota Lynx …

The best NFL betting sites in the UK for 2024
2 months, 3 weeks ago

The best NFL betting sites in the UK for 2024

The Independent  

A large section of UK sports fans has fallen head over heels with the NFL and what the Americans call football. Best NFL betting sites UK NFL betting site Best feature Betway Free bets Kwiff Odds boosts NetBet Bet builders Unibet Live streaming Bet365 Player props Ladbrokes NFL betting app BoyleSports NFL accumulators Here are our picks for the best …

Sports betting roundup: College football, NFL, WNBA provide plenty of excitement
3 months, 3 weeks ago

Sports betting roundup: College football, NFL, WNBA provide plenty of excitement

Associated Press  

Exciting games in college football, another slate of games in the NFL, the start of the WNBA playoffs and baseball nearing the end of its season all made for a big week in sports betting. In NFL betting, like in Week 2, there were a number of upsets, including to some of the most-bet teams at the BetMGM online sportsbook. …

Sports betting roundup: Close games and upsets highlight Week 2 of the NFL season
3 months, 4 weeks ago

Sports betting roundup: Close games and upsets highlight Week 2 of the NFL season

Associated Press  

A crazy Week 2 in the NFL was highlighted by a number of close games coming down to the final seconds and a few big upsets along the way. Trends of the Week Trailing the Houston Texans 19-10 with 2:51 remaining on Sunday Night Football, Chicago Bears kicker Cairo Santos booted a 54-yard field goal to make it a 19-13 …

How ESPN Bet Is Trying to Catch Up to FanDuel and DraftKings
4 months, 4 weeks ago

How ESPN Bet Is Trying to Catch Up to FanDuel and DraftKings

Bloomberg  

In the summer of 2023, ESPN Inc. and casino operator Penn Entertainment Inc. announced a 10-year, $2 billion deal. Penn, which was in a partnership with media company Barstool Sports Inc., had bolted for the self-proclaimed “Worldwide Leader in Sports.” On a call with analysts, Penn Chief Executive Officer Jay Snowden said, “We think we’re going to be a major …

The Golden Age of Sports Betting Is Over
5 months ago

The Golden Age of Sports Betting Is Over

Slate  

These past few years have been a great time to bet on sports. Now the sportsbooks have decided they’d like to actually make some money, and they have pared back their promotional offerings to spend less on “customer acquisition.” The little carrots designed to make betting a friendly financial proposition are dulling or just going away, and they’ll only come …

There are 4.8 billion reasons why other leagues are watching the fallout from ‘Sunday Ticket’ case
6 months, 2 weeks ago

There are 4.8 billion reasons why other leagues are watching the fallout from ‘Sunday Ticket’ case

Associated Press  

LOS ANGELES — Professional sports leagues have 4.8 billion reasons to review how they distribute out-of-market broadcasts after Thursday’s judgement against the NFL in the “Sunday Ticket” case in U.S. District Court. The MLB, NHL and NBA packages also come in at a lower subscriber fee than “NFL Sunday Ticket” despite having longer seasons. The price point that they were …

Betting on the Super Bowl was brisk at sportsbooks in big U.S. markets
10 months, 4 weeks ago

Betting on the Super Bowl was brisk at sportsbooks in big U.S. markets

Associated Press  

ATLANTIC CITY, N.J. — With this year’s Super Bowl being played in Las Vegas, the nation’s gambling capital, there was little doubt that betting on the big game would be huge. The total amount of bets at Nevada’s 182 sportsbooks broke the previous record of $179.8 million from the 2022 Super Bowl between the Los Angeles Rams and the Cincinnati …

Super Bowl is expected to smash betting records. 68M US adults set to wager legally or otherwise
11 months, 1 week ago

Super Bowl is expected to smash betting records. 68M US adults set to wager legally or otherwise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sports betting is legal in 38 states plus Washington, …

The Super Bowl is expected to smash betting records. Nearly 68M US adults plan to wager
11 months, 1 week ago

The Super Bowl is expected to smash betting records. Nearly 68M US adults plan to wager

Associated Press  

ATLANTIC CITY, N.J. — Nearly 68 million American adults — about 1 in 4 — plan to bet on this year’s Super Bowl, setting a record by a wide margin, according to the gambling industry’s national trade association. Sports betting is legal in 38 states plus Washington, D.C. “There’s a good chance that every Super Bowl for the next ten …

Online bets on NFL games surged in Week 1 as legal sports betting continues to grow
1 year, 4 months ago

Online bets on NFL games surged in Week 1 as legal sports betting continues to grow

Associated Press  

ATLANTIC CITY, N.J. — A company that most of the legal U.S. sports betting industry uses to verify that its customers are where they say they are is reporting a record number of transactions over the first weekend of the NFL season. GeoComply Solutions, the Vancouver, Canada-based tech company, said Wednesday it recorded 242.3 million geolocation transactions from customers of …

Sports Betting And The NFL Are Profitable Partners, But Controversies Continue : Consider This from NPR
1 year, 4 months ago

Sports Betting And The NFL Are Profitable Partners, But Controversies Continue : Consider This from NPR

NPR  

Sports Betting And The NFL Are Profitable Partners, But Controversies Continue Enlarge this image toggle caption iStockphoto.com iStockphoto.com The National Football League's regular season is finally underway. But even if you're just a casual viewer of football, or really any network television program, you've probably seen the star-studded ads for a related business: sports betting. The league's partnership with major …

Americans bet $220B on sports in 5 years since legalization
1 year, 8 months ago

Americans bet $220B on sports in 5 years since legalization

Associated Press  

ATLANTIC CITY, N.J. — Americans have bet over $220 billion on sports with legal gambling outlets in the five years since the U.S. Supreme Court cleared the way for all 50 states to offer it, and the industry shows few signs of slowing despite some recent scandals that have put a spotlight on wagering safeguards. When Sunday’s anniversary of the …

Is NFL hypocritical or hypervigilant in betting punishment?
1 year, 8 months ago

Is NFL hypocritical or hypervigilant in betting punishment?

Associated Press  

Sixty years after Paul Hornung and Alex Karras were suspended a full season for wagering on football games, gambling is now as much a part of the NFL spectacle as mock drafts, tailgating and Super Bowl halftime shows. They have seminars and stuff up in the locker room to educate them.” The NFL suspended five players last week for violating …

Analysis: NFL players aware of risks of betting on football
1 year, 8 months ago

Analysis: NFL players aware of risks of betting on football

Associated Press  

NFL players aren’t permitted to bet on football despite the league embracing gambling and capitalizing on a multibillion-dollar industry through partnerships with casinos and sportsbooks. It’s also included in player manuals, and there are signs in every locker room reminding players and staff that no personnel may bet on NFL games. “The NFL has always maintained a robust integrity and …

Super Bowl LVII is expected to set a betting record
1 year, 11 months ago

Super Bowl LVII is expected to set a betting record

NPR  

Super Bowl LVII is expected to set a betting record Enlarge this image toggle caption Wayne Parry/AP Wayne Parry/AP The annual Super Bowl is the world's biggest one-day sporting event. "We've seen remarkable growth in the sports betting market since the Supreme Court invalidated the federal prohibition on sports betting in 2018," says Casey Clark, senior vice president at AGA. …

Once forbidden, gambling now embraced by NFL
2 years, 1 month ago

Once forbidden, gambling now embraced by NFL

Associated Press  

Gambling has gone from the forbidden topic in the NFL to a key part of the league’s present and future. With a team playing in Las Vegas just a short walk from the casinos on The Strip, sponsorship deals with gambling companies who pay millions for in-game “The NFL has evolved quickly with the growing importance of sports betting on …

Analysis: NFL’s monitoring of betting must never fall short
2 years, 10 months ago

Analysis: NFL’s monitoring of betting must never fall short

Associated Press  

The NFL spends multimillion dollars protecting the integrity of the game as it relates to gambling. While the league has been criticized for embracing legalized betting, partnering with casinos and many wagering outlets, those agreements actually helped track down Ridley’s bets — and likely would do so if others involved in the league place money on games. Because Ridley used …

31.4 million Americans are expected to bet $7.6 billion dollars on the Super Bowl
2 years, 11 months ago

31.4 million Americans are expected to bet $7.6 billion dollars on the Super Bowl

NPR  

31.4 million Americans are expected to bet $7.6 billion dollars on the Super Bowl KELSEY SNELL, HOST: Later today, millions will watch the Los Angeles Rams face the Cincinnati Bengals in the Super Bowl. SNELL: More than 30 million Americans are expected to bet over $7 billion on today's game, all thanks to a Supreme Court decision that completely upended …

Online betting companies are kicking off a Super Bowl ad blitz
2 years, 11 months ago

Online betting companies are kicking off a Super Bowl ad blitz

NPR  

Online betting companies are kicking off a Super Bowl ad blitz Enlarge this image toggle caption Matt Rourke/AP Matt Rourke/AP It's not just the office pool anymore. Sponsor Message "TV sportsbook advertising has grown exponentially this year and in the last couple of years overall," Adam Candee, managing editor of the trade publication Legal Sports Report, told NPR. On Thursday, …

Arizona sports betting revenue off to soft start
3 years ago

Arizona sports betting revenue off to soft start

Associated Press  

PHOENIX — Arizona’s general fund collected just over $1.3 million in taxes during the first two months of legalized sports betting, far below the high expectations set by Gov. Credit a lot of free bets on sporting events with erasing what would have been a much bigger take, add in an immature market that just launched fantasy sports betting in …

NFL’s best and worst pocketbook values based on fan game day costs, winning
3 years, 2 months ago

NFL’s best and worst pocketbook values based on fan game day costs, winning

New York Times  

The Cincinnati Bengals sit at 5-3 and may be a legitimate deep-run playoff contender — Sunday’s loss to the J-E-T-S sparks a little concern. It costs $437.30 to take a family or group of four to a Bengals game at Paul Brown Stadium, and that’s the cheapest among the NFL’s 32 teams, per a new analysis of ballpark pricing from …

NFL is kicking off $6.2M responsible betting campaign
3 years, 2 months ago

NFL is kicking off $6.2M responsible betting campaign

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Sports betting is supposed to be fun," said Christopher …

Half of US offers legal sports betting as NFL season begins
3 years, 4 months ago

Half of US offers legal sports betting as NFL season begins

Associated Press  

EAST RUTHERFORD, N.J. — More than half of the United States now offers legal sports betting, just three years after it was allowed by the U.S. Supreme Court. That’s up from 18 states with legal sports betting at the start of last year’s football season. “A lot of people still don’t want to travel and be in crowds, and sports …

James Holzhauer: Finding an edge, understanding key numbers, half points and mispriced markets in NFL and college football
3 years, 4 months ago

James Holzhauer: Finding an edge, understanding key numbers, half points and mispriced markets in NFL and college football

New York Times  

You open a sportsbook app looking to bet on the Broncos, thinking they should be a 5.5 point underdog. If you insist on betting teasers, make sure you are capturing the full value of these key numbers, and never, EVER tease through zero — you’re wasting two expensive half points on an infrequent outcome. Sportsbooks don’t pay as much attention …

DraftKings hopes to cash in at the Super Bowl – and on Wall Street
4 years, 11 months ago

DraftKings hopes to cash in at the Super Bowl – and on Wall Street

CNN  

New York CNN Business — Will the Kansas City Chiefs beat the San Francisco 49ers in the Super Bowl to capture their first NFL championship in a half century? Robins told CNN Business that legal sports betting will amount to about $200 million for this year’s Super Bowl, and he hopes that DraftKings can get a big chunk of that …

Sports media is betting on gambling
5 years, 8 months ago

Sports media is betting on gambling

CNN  

New York CNN Business — First it was Turner Sports, then Fox Sports and now it’s ESPN’s turn. “The sports betting landscape has changed, and fans are coming to us for this kind of information more than ever before,” Mike Morrison, ESPN’s vice president of business development said in a statement. Darren Rovell, who worked at ESPN for nearly 13 …

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