The Phillies are slowly falling apart, but fortunately, the rest of the NL East isn’t all that much better, so they are actually still in the playoff race.
At 5.5 games behind the Atlanta Braves, the Philadelphia Phillies are taking on the worst team in baseball in the second game of a 4-game series after yesterday’s loss. The Fightins are now 0-4 this season vs an Arizona team with a putrid 43-85 record.
If they can’t take advantage of the remaining three games against one of the worst road teams in baseball, then they might as well call it a season.
MLB Superboost +250 – Phillies vs Diamondbacks
- Phillies Win by 4 or More Runs vs Diamondbacks on Aug. 27 – Click here for odds BOOSTED to +250
There’s also a boosted parlay the Phillies were added to…
Imagine winning $3 million in a casino only to find out that they’re not going to pay you out. That’s the story for one woman as the casino is currently refusing to give her the winnings.
There’s more to the story, though, so read below for all of the details as we start this gambling websites news.
MGM Grand Detroit Sued By Michigan Woman After $3 Million Glitch
It’s been a rollercoaster of a week for Detroit native Jacqueline Davis. She entered the MGM Grand Detroit with $50 and after playing the Luck O’Roulette for five consecutive days, Lady Luck was on her side. She was up nearly $11 million dollars but kept going, and eventually tumbled down to $3 million in winnings. That’s still not bad, though, as she still ended up being a multimillionaire…or so she thought.
Davis picked up $100,000 to start collecting on her winnings, but when she went to pick up the rest the next day, she was told that a glitch caused all of her winnings and that she wouldn’t get anything. She claims that she kept winning and had no idea the machine was malfunctioning because she was there to do exactly that: to win.
Typically, casinos win these cases as there are loopholes for software glitches but there is a catch here. According to the license, the casino has the opportunity to check the machine every 24 hours to make sure there are no problems and in some cases, the license even requires a check. Davis played for five days straight, so the casino had ample time to make changes if they thought something was wrong.
We’ll see if anything comes of it but for now, Davis has done well to flip her $50 bet into $100,000.
Gaming Payments Processor Paysafe Reaches Several Partnerships
Paysafe, a payment processor for sportsbooks, has made a number of strategic partnerships that should allow making a deposit even easier for potential bettors. Not only have they partnered with FOX to make things smoother for their customers, they have also reached a deal with Microsoft, which will allow anyone using an Xbox in 22 different countries to make a deposit. On top of that, the payments processing company is planning to offer a digital wallet for sports bettors in the state of Michigan as well.
Paysafe makes these moves at a tremendous time, given how the sports betting market alongside the esports market is hitting new highs. It was reported that $58.7 billion in bets have been made since 2018 while video game spending is up to $56.9 billion according to 2020 numbers.
Paysafecard vouchers will be coming sooner rather than later to a state near you (that has legal and licensed sportsbooks) and will provide gamblers the option to transfer funds. Bettors will be able to find these vouchers at a few places, including CVS, Fred Meyers and even Krogers.
At the end of the day, more onboarding methods for consumers is great both for bettors who want to play and for the companies that are running the operations. The more the merrier.
Connecticut Law Causes A Few Fantasy Sports Sites To Freeze Operations
There have been quite a few smaller fantasy sports sites choosing to stop their operations on account of the brand new Connecticut laws. However, the two biggest sports gaming companies, DraftKings and FanDuel, have decided to go in a different direction and continue to keep going for the time being.
The new law requires all real-money operators to have a license, which is why DraftKings and FanDuel are still operational because they were given provisional licenses. Although the law also allows the Connecticut lottery, the Mashantucket Pequot Tribe and the Mohegan Tribe to offer both retail and online sports gambling, these provisional licenses are set to expire on September 30th, so they will need to battle through the licensing process to operate in the state full time.
This type of issue has happened before with the most recent coming in the state of Florida. Though their laws ended up being pushed back, meaning the situation is likely to pick back up sometime in 2022.
This week’s Gambling News Flash starts us off with FanDuel Sportsbook, which reportedly has the biggest share of action in the sports betting market. The data shows they continue to grow too, so let’s start off with that report. Also, NY sports betting could be right around the corner, but the state wants operators to pay BIG money.
FanDuel Controls 50 Percent Of All US Sports Betting
If you’re wondering who runs the show in sports betting in the United States, it appears to be FanDuel. The sports betting giant is living up to its nickname as FanDuel currently controls the largest chunk of the US online sports betting market.
- The news comes from data content provider Gambling Compliance, who has reported that FanDuel’s market share in the U.S. hit 50% in May, which was a jump over 36% in the first quarter of the year and 39% in 2020.
One of the reasons FanDuel has such a strong market share of the audience is because of their mobile app. Customers have consistently given them high grades but so have the experts.
Eilers & Krejcik tested 31 different apps and came out with the conclusion that FanDuel’s did everything at a high level, making it the best of the bunch by far.
Couple that amazing mobile app with a fast-growing market and Flutter, the parent company of FanDuel, could end up becoming one of the highest valued sportsbook operators in the world. In stock market circles, DraftKings Sportsbook tends to get more attention but FanDuel could change that over time.
New York Opens Up Sports Betting RFA, Aims For 50% Revenue
The New York State Gaming Commission finally released the applications for mobile NY sports betting after tons of bettors continue to hammer away and request it. However, sportsbook operators aren’t going to be happy with what’s come back as the state continues to deliver unreasonable expectations.
New York is reportedly looking for half of the gross gaming revenue of any operator who signs up, alongside the $25 million fees just to get a license in the state. Few operators will be able to foot that bill as the margins are not that good to afford such a demand.
New York also insists that sportsbook operators who get a license must create a platform that accepts all types of wagers, maintains records, makes state-required reports, and generates electronic receipts for all bets. That might require some software and platform changes, which won’t be easy.
- As of right now, all applications from operators must be sent through before August 9th of 2021.
- The Gaming Commission will then have until early December to decide who will be selected as a finalist for the license.
- Those finalists will then have to make another application before the Commission hands out each license.
Advent International Joins Bidding War For William Hill Assets
Apollo Global Management probably isn’t happy that Advent International has jumped in on their bidding for the non-US assets from William Hill.
Apollo has been the frontrunner for these assets for quite a while now, as they hope to pick up both the European online gaming business as well as some other betting shops. Although, a wrench was just thrown into their plans with Advent joining the bidding war.
It was very unexpected but then again, they are one of the few companies who could afford the tremendous asking price. Apollo is the fourth-largest private equity shop while Advent is right behind them at No. 6, making for an entertaining auction of sorts.
Currently, Apollo, Advent, and 888 are the only bidders for the assets, but then again, the auction is in the early stages of development right now. Some rumors have bounced around that Entain Plc could join the mix, though it could be a longshot. Betfred has also been connected to this bidding war but has yet to make any official move yet, it is purely speculation.
Another week, another set of new partnerships for sportsbooks. The landscape in the United States – and New Jersey especially – is as competitive as ever and now another contender is making headlines after striking a big deal. That’s where we’ll start this week’s casino news.
888, Sports Illustrated New Partnership
Despite what many expected, 888 Holdings was very cautious when it came to the sports betting market. They were one of the first companies that burst onto the gambling scene in the U.S. but haven’t made as much noise lately even though many states are starting to legalize sports betting. It appears they have waited long enough, though, as they’ve struck a major deal with one of the biggest brands in sports media.
The company has partnered with Sports Illustrated in what they call a “smart and selective” partnership. That will all 888 to be featured on all of Sports Illustrated’s products, including the website, video content as well as the magazine.
As part of the deal, Sports Illustrated will now have a partial ownership stake in 888 Holdings and the current plan is to launch a Sports Illustrated sportsbook towards the end of 2021. That will be powered by 888’s platform. It’ll be interesting to see what impact this has as a number of big partnerships like this are taking place, including SportsBetting.com partnering with Maxim.
Chicago Bears Agree To Partner With Rivers Casino
Speaking of big sports partnerships, the Chicago Bears have decided to jump right into the gambling world with a brand-new sponsorship deal with Rivers Casino. This casino happens to be located in Des Plaines and is now going to be the official casino of the Bears organization. BetRivers is also going to be the exclusive sportsbook of the team as well, so look for their patch on the gear as well as many other areas where the two can have synergy.
Chicago has recognized the changing times around all major sporting leagues and chose to jump right alongside them. We’ve seen a sportsbook open up at the Washington Nationals stadium and a number of other companies are looking to do the same. The Bears are just one of many sports franchises that have now joined forces with a sportsbook.
Although the exclusive sportsbook and primary casino aren’t the only things that the Rivers Casino gets out of this deal. They will have “digital, social and print assets” in the Chicago Bears stadium as well. That information was revealed during one of their recent press conferences.
Startup That Allows You To Trade Sporting Events Grows Rapidly
There’s a new way to bet on sports and given the innovation, it could stand out from a very crowded field.
Sporttrade is a new sport betting exchange where all users are able to swap sports bets just like they would with stocks. The app tries to mix things up a small bit than most traditional sportsbooks. Instead of each player going up against the house, they are instead lined up against one another. While this isn’t new to the offshore market or in the United Kingdom, this type of betting exchange would be one of the first in the United States. Investors are interested as the early numbers that they have been able to reel in have been announced and they are pretty phenomenal.
Sporttrade was able to raise $36 million, with huge contributions from Jump Capital and NASDAQ Ventures. The company is now planning on creating an official website and expanding into New Jersey during the summer of 2021.
The company also has high hopes of expanding into other states as well, but they want to handle things one at a time first. Their founder, Alex Kane, stated that “We’re turning sporting events into the next major asset class.” Sporttrade is something that hasn’t ever been done before and it could continue to grow rapidly over the next few years.
This week’s casino news starts us off in the NJ gambling website’s poker realm. Interstate poker could be coming to a place near you, which is a big win for the player.
Interstate Online Poker Legal? YUP
It has been a very long journey for online poker to cross interstate lines but it seems that the day they’ve been working for is right around the corner. The U.S. Department of Justice was unable to appeal the long-standing lawsuit against the New Hampshire Lottery, which basically legalizes interstate online poker. Originally, the DOJ had filed this lawsuit because they felt that any type of interstate gambling was illegal and the group was fighting very hard to keep it that way.
States have slowly been allowing interstate online poker over the years, with Delaware and Nevada legalizing it back in 2014. New Jersey hopped onto that trend just a few years later. However, the only licensed website in all three of those states is WSOP.com as other companies like PokerStars are yet to be licensed across those three areas.
Now that the ongoing legal battle is coming to an end, the expansion of online poker is a serious possibility in Michigan. There has already been some legislation making the rounds that would allow interstate online player pools, which improves the chances that we see everything start to come together.
What this means for players is bigger tournaments and bigger prize pools. For example, in New Jersey, instead of only playing against players in the Garden State, they can now engage in tournaments with players from multiple states. More players involved in each event means bigger tournament guarantees and bigger prize pools. In the end, this is great news for customers.
DraftKings On Track To Top Their Second Quarter Revenue Estimates
The second quarter of 2021 has ended and we’re seeing a lot of various revenue numbers reported. For DraftKingsSportsbook, the final tally ended up being more successful than were imagining. There have been reports stating that the massive sportsbook operator is on track to top their current estimates for revenue in the second quarter, which is April through June.
Some analysts had believed that DraftKings would fall nearly 23 percent during this quarter mostly because there, of course, was no NFL action. However, the NBA was in their postseason as was the NHL, and as a result, DraftKings only dipped 11 percent through that time. Proving the estimations wrong is big on Wall Street and should help their stock.
DraftKings has quite a large reach in the United States as they operate in a number of different states. They have online sports betting in New Jersey, New Hampshire, Tennessee, West Virginia, Virginia and Colorado, among many other states. They are also functioning in Iowa, Michigan, Indiana, Illinois and Pennsylvania. DraftKings doesn’t seem to be too worried about revenue dips at the moment despite the dog days of summer coming up.
Caesars Entertainment Holds Onto Horseshoe Hammond
Caesars Entertainment has been hit pretty hard in Indiana, as the Indiana Gaming Commission was requiring the company to sell a third casino inside the state. That’s because of their merger with El Dorado as the industry is trying to prevent a monopoly.
It appears that the burden was eased a little bit as Caesars will reportedly be holding onto Horseshoe Hammond alongside Harrah’s Hoosier Park. Caesars also owns three different off-track gambling spots in the state and they will not have to let go of those either.
Tom Reeg, the CEO of Caesars Entertainment, talked about how much potential Horseshoe Hammond has in the state and that it would be in their best interest to keep it. In the end, they got their wish.
Caesars has been making a flurry of moves so far in 2021. They are expected to lock down the sale of Caesars Southern Indiana later in the year and have already closed in on Tropicana Evansville.
This week’s gambling news starts off with an ESPN analyst fired over Tweets and ends with a cautionary tale as to how many times Americans could be exposed to gaming ads in the near future. We’ll start there as we recap this week’s gambling news.
ESPN Betting Analyst Fired Over Tweets
Recently hired gambling analyst Kelly Stewart didn’t end up lasting very long with ESPN.
It was just one month after her official hire when she was let go over old Twitter messages. It was reported that ESPN got their hands on old messages from Stewart back in 2012 that were since deleted.
Some of those tweets had anti-gay slurs.
Stewart apologized after being terminated, stating that she understands how hurtful some of her words were and that it was a lapse in judgment on her end. Though she closed her statement by saying how she wouldn’t apologize for standing up to attacks that she and other popular females face on a daily basis.
Stewart was scheduled to take part in ESPN’s Daily Wager podcast along with a number of other projects that they were working on. She had a reputation for being a top handicapper in the ever-growing betting industry as well.
Jon Rahm Situation Leads To BetMGM, Other Books Paying Out Bets
Anybody who wanted to place a bet on the Memorial Tournament, specifically Jon Rahm, was hit with a hard loss recently.
Rahm was leading the tournament after three rounds but immediately after he finished the round and held his six-stroke lead, officials approached him and let him know he tested positive for COVID-19. As a result, he had to withdraw.
Online sportsbooks handled this in a really positive way as BetMGM and a number of other companies actually paid out all of the wagers as winners.
Rahm not only was the defending champion of this tournament but he was also six strokes under par by the time round three ended. At that point, it looked like it was just a matter of time before Rahm would be able to win the tournament once again.
In the end, Patrick Cantlay ended up emerging victorious at the Memorial Tournament. Had Rahm been healthy, he would have likely won but books like BetMGM Sportsbook ended up paying both as it wasn’t a huge liability.
A couple of other sportsbooks simply voided the bet, which – for the most part – made more sense.
Documentary Shows That Gambling Logos Pop Up 700 Times In One Soccer Match
As sportsbooks in the state of New Jersey buy up ad space virtually everywhere, a new study just how much we can expect to see online gaming promotion in the near future.
Former Scottish Conservative leader Ruth Davidson lets loose on sports gambling during a documentary that showed gambling logos can appear up to 700 times in one soccer game broadcast.
Davidson claims that the industry needs a “radical rethink” and that it is a “parasite that’s taking over the host.”
Davidson’s comments come at a time where the government is reviewing certain betting laws in the United Kingdom while the companies in the United States scoop up every little bit of airspace.
Davidson went further to talk about “cross-selling”, which is when gambling companies hook sports fans on other products like casino games and really rack up the profits.
The Gambling Commission also sent out a report that downplayed the idea that there was a problem. The spokesperson for the Betting & Gaming Council said that “one problem gambler is one too many” and that they are going to keep trying to promote safer gambling and limit the amount of exposure that is on every match.
However, Americans have to be conscious of this as we get more and more exposure to gaming brands.
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Chiefs Money line 25/1 Odds Boost – 10/19/2020
FanDuel is offering new users the boosted odds of 25/1 on Chiefs Moneyline bet, when they take on the Buffalo Bills.
- Event: Chiefs vs Bills 10/19
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New users will need to register and make their first deposit using this exclusive link.
Find the Chiefs vs Bill matchup after your deposit goes through.
- This will also be the top market when users sign into the app.
- For Desktop users, there will be a post-registration interstitial that pops up instructing users to download the app to claim their offer.
Since sports betting became legal in New Jersey over 18 months ago, the question for many in South Jersey was whether a book would come to the former Garden State Park complex in Cherry Hill. A Cherry Hill sportsbook? Sure, why not.
Those visions came closer to fruition earlier this month, as the township’s planning board approved an off-track betting (OTB) facility built on a tract of land that was part of the old racecourse.
Penn National Gaming plans to build a 30,000-square-foot restaurant and betting facility open seven days a week. This would return horse racing action to the site of a former track that drew families and fans for generations along Route 70.
While the OTB “Favorites” could bring jobs and patrons to the massive shopping complex (might be a good escape for those who aren’t big fans of hitting up all those stores or the nearby mall), there’s still one major hurdle to overcome to bring a Cherry Hill sportsbook online. That involves a company known for running OTBs across Delaware.
A decision in the fall maintained that former owner Greenwood Gaming maintains the sole rights to offer sports betting at the facility. The company operates Parx Casino, along with two Turf Club locations that offer horse racing and sports action. They have long opposed efforts to bring live betting to Cherry Hill.
Does New Jersey need another live location?
New Jersey has become a template of legal on-site and NJ online sports betting apps, challenging Nevada for top spot in handle monthly now. This fall, the state saw action eclipse $500 million for multiple consecutive months.
The state has shown legal betting works. However, a lot of it has worked because of the ease of online access, which has now taken up around 90 percent of the market.
Retail locations haven’t been uniformly successful in New Jersey. In fact, multiple casinos in AC often lose money in the winter months at their live books.
Could Penn National do better?
They have seen what it takes to stay afloat, as the books at the Meadowlands and Monmouth Park usually do brisk business. Unlike Atlantic City, there’s a strong local popular from which they can draw, either in South Jersey or coming over from Philadelphia.
We don’t know the timeline of a potential appeal of the decision. However, breaking ground on the OTB could certainly speed up the process and create another element for the new judge to consider.
What a year. Here were some of the 2019 sports betting trends that caught our attention.
FanDuel sportsbook logged an array of milestones, large bets, and phenomenal payouts, taking its place as a premier gambling establishment in 2019.
Here are some facts, figures, oohs and ahs from its version of a championship season.
2019 Year in Review
Mattress Mack’s $1.5 million online wagers on the Astros to win the World Series was 2019’s largest single bet of the year at the FanDuel Sportsbook.
It also generated enormous publicity and, significantly for FanDuel, did not have to be paid out, because the Washington Nationals won their first-ever championship.
11/25 marked the FanDuel Sportsbook’s largest parlay payout of 2019. A Customer placed $200 on a 15-leg parlay across NFL/ NBA and NHL Money Lines, which paid $229,276.50.
2019 Sports Betting Trends
- The New York Yankees were the most popular team in 2019.
- They were the most popular by bet count and handle.
- The New York Yankees had nearly 90,000 more bets than any other team
- The Super Bowl was the most popular single game by bet count and handle in 2019
November 3, December 1 and November 24 are the three largest days of the year by bet count and handle in 2019.
NFL Sundays are extremely popular and as we moved closer to the end of the year, PA, WV and IN opened to online sports betting gave the book more customers to place bets.
- Biggest day for Customers winning in 2019 was on Sunday, October 27, 2019
- This was the day of the Sports Equinox when all major sports played on the same day
- The Golden State Warriors were the most popular NBA Team by handle in 2019
- The Philadelphia 76ers were the most popular NBA Team by bet count in 2019
- The Boston Bruins were the most popular NHL Team by handle in 2019
- The Philadelphia Flyers were the most popular team by bet count in 2019
- The New England Patriots were the most popular NFL team by handle in 2019
- The Philadelphia Eagles were the most popular NFL team by bet count
- NBA Finals Game 6 (Raptors @ Warriors on 6/13) was the most popular NBA game by handle
- World Series Game 6 (Nationals @ Astros on 10/29) was the most popular MLB Game by handle
- Game 7 of the Stanley Cup (Blues @ Bruins on 6/12) was the most popular NHL Game by handle
Is there an encore for 2020?
Current NBA Championship Odds 2019-2020
I can’t remember the last time a league’s preseason brought as much action and content as the 2019 offseason for the NBA. The current NBA Championship odds for this year are all over the place when it comes to the best NJ online sports betting apps.
Yes, as a Philadelphia Sixers fan I have tried to erase everything that happened after that ball bounced FOUR TIMES and then my +514 bet on the Warriors to beat the Raptors for the title went down like that Kawhi buzzer-beater.
Alas, here we are, with days to go before the curtain rises on the 2019-20 NBA season. Kawhi Leonard is now on the Clippers with Paul George, Lebron has The Brow, and the Sixers starting line-up is longer than rush hour on the Schuylkill Expressway.
So enough of the geopolitical saber-rattling or who said what on which social media outlet (LOL, that’s gonna follow us into the regular season and playoffs).
Time to tip-off!
Best NBA Championship Prices at NJ Sportsbooks
Philadelphia 76ers NBA Odds
The 76ers had a busy offseason which will lead to a longer line-up (no one shorter than 6’6 starting) and some questions about the offense.
However, videos of Ben Simmons draining 3’s and J’s in the offseason and preseason have sets hearts aflutter across the Delaware Valley. Philly is fourth-choice at most books…
Although DraftKings reports they’ve gotten the second-most handle at 24 percent, just behind the Lakers’ 26 percent in this futures market.
- The best price is with William Hill at +800
LA Clippers odds for 2020
Ever since they moved up the coast from San Diego, the Clippers have been the little brother in LA’s basketball family. Added to a city that houses the most glamorous pro franchise (the Lakers) and college’s historic powerhouse with superstars for decades (the UCLA Bruins), it can be tough to sport the red white and blue in Tinseltown.
Yet a new day dawns for Billy Crystal, Bill Simmons, and all those long suffering Clips fans. When the season stars, PG13, the Klaw, and their teammates will be the top choice to win the NBA Finals in June.
Across the board, they are the lowest price on the boards.
Los Angelos Lakers Current NBA Championship Odds
The second choice among the oddsmakers is the Clippers’ co-tenants at the Staples Center, the Lakers. LeBron James has another young team at his command, led by newly acquired Anthony Davis in the middle.
Can they keep his attention away from Taco Tuesdays and wading into civil liberty battles overseas (remember, LeBron skipped college)?
The books think so.
Milwaukee Bucks Current NBA Championship Odds
Milwaukee, the runners-up in the East last season, has entrenched themselves in third place among the favorites to win the Larry O’Brien trophy. Giannis has another year of experience under his belt and leads a deep team that can be a matchup nightmare to anyone.
While they’re a co-second choice at PointsBet with the Lakers…
Houston Rockets Best NBA Futures Odds
The Houston Rockets round out the top 5 in betting favorites. Russell Westbrook joins longtime rival James Harden in H-Town with a deep roster that can dominate the Southwest division. Can the duo overcome their longtime postseason struggles? Might be worth a small bet.
Currently the best price is +900 at Pointsbet
Best NBA MVP Odds 2020
The NBA has been a star league even before since kids started wanted to “Be Like Mike.” This group is international, diverse, and really exciting to watch over what can be the grind of an 82-game regular season.
The consensus favorite is Giannis Antetokounmpo. The Greek Freak has been frustrating defenses (and PA announcers) with the Bucks and turned the franchise into a contender while winning MVP last season.
- Giannis has the best NBA MVP 2020 odds, with the best price at William Hill at +300
- 2nd is Stephen Curry at +500 at FanDuel, FoxBet, & PointsBet
The books don’t have much faith outside of the top two…
- Harden and Davis are third and fourth (both +800 at William Hill)
- LeBron and Kawhi are the only ones higher than +1000 at the major NJ sportsbooks
If you Trust the Process, Joel Embiid is getting more love from the oddsmakers than his teammate Ben Simmons.
The Sixers center is in the second tier of choices…
- With the highest price +1600 at Hill and FanDuel
- Simmons is no better than 50-1 at most NJ sports betting outlets