The NBA Regular Season is About to Get Underway

October 23, 2023 Category :General Off

Tomorrow starts the beginning of the 2023-2024 NBA regular season. It is exciting times for those who love basketball. After a long offseason our favorite teams are about to hoop it up.

If you are a fan of the Memphis Grizzlies you have just received some bad news. Starting center Steven Adams will miss the entire season while recovering from knee surgery. Adams, who is 30 years old, missed the last 40 games of last season with a sprained PCL in his right knee. He did not undergo surgery at the time. During preseason Adams appeared in 2 games, but did not return to his old form. The Grizzlies and Adams determined that knee surgery is the best way to go.

Wynn Resorts and officials in Everett, Mass. are reworking their pitch to state lawmakers to rezone land near the Encore Boston Harbor to allow for the construction of a Major League Soccer (MLS) stadium. The 45 acre site is across from the Encore Boston Harbor casino resort. Since it opened in 2019 the casino has generated gross gaming revenue of more than $2.57 billion, resulting in state gaming taxes of over $643.7 million. The casino has also paid many more millions in local taxes and share assessments to Everett and its surrounding communities.

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Patrick Mahomes, Tua Tagovailoa in Close NFL MVP Race

October 12, 2023 Category :General Off

The National Football League has now completed 5 weeks of their schedule. And as usual there are plenty of things to talk about. One such thing is the MVP race currently going on between Patrick Mahomes and Tua Tagovailoa. Mahomes is the quarterback for the Kansas City Chiefs and Tagovailoa for the Miami Dolphins. Mahomes’s odds are currently sitting at +450 while Tagovailoa’s are sitting at +475. The quarterbacks have the top 5 favorites with Brock Purdy, Josh Allen, and Jalen Hurts rounding out the top 5. Christian McCaffrey is the first non-quarterback. He is 6th favorite with odds of +1400.

The Atlanta Falcons have acquired Van Jefferson from the Los Angeles Rams in a trade. The Falcons also get a 7th round pick while the Rams get a 6th round pick. Van Jefferson is a wide receiver. The NFL trade deadline is October 31. During his 4 year tenure with the Rams, Jefferson had 101 receptions for 1499 yards and 10 touchdowns.

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Genius Sports Incorporates Betting Into NFL Live Stream

September 27, 2023 Category :General Off

Sports betting continues to grow like we’ve never seen it before in the United States. More and more states are legalizing it as they see how much potential tax revenue is possible. Its funny that for years and years states said no to betting on sports, but now that they see how much money they stand to make it is all of a sudden a great idea. Genius Sports is now taking sports betting to the next level. Genius Sports possesses exclusive rights to the NFL Official League Data for the sports betting industry through the pro football league’s proprietary Next Gen Stats distribution network.

Genius Sports is a sportsbook partner that provides live, real time statistics that oddsmakers use to set lines. Genius Sports expanded on its NFL offering this week by announcing that bettors can now wager while watching the live video stream. The product, called BetVision, enables sportsbook customers on certain apps to place bets within the live video player for the first time.

Several key starters went down with injuries in week 3 including Michael Williams of the Los Angeles Chargers. It is expected that Chargers wide receiver Joshua Palmer will see more targets now that Williams is out for the season. One wide receiver who may still be available on your waiver wire is Houston Texan’s wide receiver Tank Dell. Dell has 15 receptions, 251 yards, and 2 touchdowns through his first 3 games of the 2023 NFL season.

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MGM Cyberattack Likely Costing Millions of Dollars a Day

September 20, 2023 Category :General Off

The MGM cyberattack that began on Sunday, September 10, may be costing the casino giant millions of dollars a day. The cyberattack continues to linger on as MGM is doing everything they can to end it. MGM’s casino resort websites were restored last week, online room reservations remain on hold. Guests are having to wait in long lines when checking in. Self service gaming cashier kiosks are not working so a floor attendant must manually pay out the winnings at each machine. This cyberattack could be costing around $8.4 million a day in lost revenue.

It was a tough week in the NFL once again when it comes to injuries. Two running backs, Saquon Barkley and Nick Chubb, both suffered injuries this past weekend. Chubb, the Cleveland Browns running back got the worst of it. He suffered a season ending knee injury. Barkley, the New York Giants running back stands to miss multiple weeks with an ankle sprain. Ironically the Giants erased a 21 point deficit against the Arizona Cardinals in the game Barkley got hurt. Cleveland were not as fortunate as they lost on Monday night football to the Pittsburgh Steelers 26-22.

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DraftKings Reignmakes Seen Boosting Profits, Revenue

September 4, 2023 Category :General Off

DraftKings Reignmakers is a fantasy sports game played with NFTs. If you are not familiar with NFTs they are non fungible tokens. Its a big thing these days that we won’t get into in this article. Reignmakes is a prime example of blockchain gaming and could be accretive to the operator’s top and bottom lines.

Just over two years ago, the Boston based sportsbook operator announced plans for DraftKings marketplace, democratizing access to NFTs in the process. Through reignmakers users accumulate collections of gamified NFT cards. They then use these cards to play in contests on DraftKings for real money.¬†They estimate that over the next four quarters, the NFT based fantasy game will drive revenue north of $70 million, or more than 3% of DraftKings total, while accounting for as much as 5% of the gaming company’s profits.

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Atlantic City Casino Profits Tumble 20%, Still In The Black

August 22, 2023 Category :General Off

Even though profits tumbled 20% all nine Atlantic City casinos were still profitable. This is for the second quarter compared to a year ago. The New Jersey Division of Gaming Enforcement released the second quarter profit reports for the nine casinos on Tuesday. Gross operating profits crashed nearly 20% to $138 million even though net revenue for the April through June period climbed nearly 1% to $793.7 million.

One reason cited by the casinos was significant higher costs. Most goods remain costlier than they were even a few years ago because of the inflation experienced in 2021 and 2022. The casinos also say labor costs are higher as they compete for employees. The casinos are attracting more visitors as their guest rooms were occupied 70% of the time through the first half of the year. The casinos have a combined 15,518 guest rooms. Thanks to Ocean Casino they have 418 more rooms today than they did a year ago.

In other news, Kentucky approved sportsbook operators with betting weeks away. Kentucky regulators approved temporary licenses for racetracks and mobile sportsbooks to begin accepting wagers next month. This means they will be ready in time for the opening weekend of the NFL. Brick and Mortar sportsbooks will be open September 7th, while mobile wagering will be available September 28th.

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DraftKings Notches First Profitable Qtr. as a Public Company

August 5, 2023 Category :General Off

Shares of DraftKings spiked in Thursday’s after hour trading session after the online sportsbook operator delivered its first profitable quarter as a public company. DraftKings, which is based in Boston, said its non-general accepted accounting principles earnings per share in the second quarter were 14 cents. This was well ahead of the 14 cent loss analysts predicted. DraftKings generated positive adjusted earnings in the June quarter as revenue surged 88% to $875 million. Analysts had estimated just under $773 million. The strong showing appears to be setting the stage for more of the same later this year, in 2024, and beyond.

When it comes to live or in game betting in the US, 3 sportsbook operators are separating themselves from the others. They are FanDuel, DraftKings, and Bet365. That’s according to new rankings released by research firm Eilers & Krejcik Gaming. FanDuel top the ranks scoring 17.0 out of a possible 20 points. DraftKings came in second scoring 16.4 points while the global in play betting leader, Bet365, came in third with a score of 16.0 points. FanDuel, which is 95% owned by Dublin based Flutter entertainment, and Bet365 may have organic live betting advantages over US based betting competitors because in game wagering has long been popular in Europe.

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BetOnline also has live dealers for many of their table games. Live dealers has become very popular lately with the gambling community. One reason is that the minimum bets are really small. For example, you can play roulette for as little as 50 cents. This will not happen at your local brick and mortar casino. And that’s if you are lucky enough to live near a casino.

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Tennessee Titans Making News This NFL Offseason

July 18, 2023 Category :Games Off

The Tennessee Titans are making a splash in the NFL free agent market. They are set to sign All-Pro wide receiver DeAndre Hopkins. Hopkins becomes the first big free agent signing this offseason. Ian Rappaport from the NFL Network reported that the Titans will offer Hopkins a two year contract that could be worth $32 million with incentives. Hopkins will earn $12 as a base salary in 2023, plus up to $3 million in incentives. Hopkins in 31 years old and earned 5 all pro honors as a member of the Texans. He has also been named to the pro bowl 5 times in his career.

In other news: Colorado online casino talks have begun. Legal online casinos in Colorado are on the table. The conversation has officially started. Colorado could join the other states that are getting in on the online casino action. Just last month Rhode Island become just the seventh state in the US to offer iGaming. The first six states in the online casino market reported revenue of more than $500 million in May 2023.

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News Corp Nearing Do or Die Date on Fox Bet

July 10, 2023 Category :General Off

News Corp (NASDAQ: NWSA) is nearing an important decision on Fox Bet. This decision could potentially determine the future of the online sportsbook. Come August, a decision will have to be made by Flutter Entertainment. They can leave Fox Bet on the curb which will essentially force News Corp to take control of the gaming entity or let it go by the wayside. Flutter hasn’t said what they will do. Here’s the thing. Flutter owns 95% of FanDuel which is the largest online sportsbook operator in the United States.

The 2023 Major League Baseball Home Run Derby is tonight. It will take place at T-Mobile Park in Seattle. New York Mets slugger Pete Alonso is the betting favorite to win the 2023 MLB Home Run Derby at +320. Alonso Seeks his third Home Run Derby crown after winning the contest in 2019 and 2021. Alonso’s main competition according to the odds is Vlad Guerrero Jr. at +370. Julio Rodrigues is third at +450 with Luis Robert fourth +500 and Alolis Garcia at +700. The contest takes place tonight and can been seen on ESPN at 8 pm EST.

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Multiple Las Vegas Casinos Ripped Off By Sophisticated Scammers

July 2, 2023 Category :General Off

For as many years as there has been casinos, there have been people trying to scam or rob them. On June 26, 2023, it was reported Circa had been robbed of $1.2 million. This wasn’t your old fashioned robbery with guns or knives. This was something much different than that. A casino employee, it was reported, delivered the cash to the crooks, voluntarily. The con artist impersonated the owner of the casino and instructed the employee to do so. There was an arrest and $850,000 of the cash was recovered.

The story gets much bigger and more detailed. Basically, she was told to deliver $320,000 for an emergency payment to the fire department. The employee was a cage supervisor and not part of the scam. She also brought three additional payments of $314,000, $350,000, and $500,000 to a person she believed was the lawyer of the owner. Circa’s security team realized there was something going on and got law enforcements involved. $850,000 of the cash was recovered.

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If you haven’t bet on sports in a while you may not know about live betting. Gone are the days where you had to place your bet on a game before it started or you were shut out. Now you can literally place hundreds of bets on a game while it is being played. Check it out and let us know what you think.