Search

Search for news stories tagged with the keyword you specify

See all tags:
TagResults 1 - 10 of 49 for sports betting. (0.01 seconds)

Nearly 68 million US adults plan to wager on Super Bowl
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. Figures released Tuesday by the American Gaming Association include bets placed with legal outlets, as well as with illegal bookies and online operations in other countries. The volume of betting participation is projected to be 35% higher than last year, which was the previous record. Bettors plan to
Feb 10, 2024, 7:50 pm - Lottery News

Sports betting legalized in Kentucky
Kentucky becomes 38th state to legalize sports betting By Kate Northrop A bill supporting legalized sports betting in Kentucky has passed and is estimated to generate an additional $23 million in revenue for the state per year. As of Friday, sports betting is set to have an official spot among legal gaming avenues in the state of Kentucky. The new law is expected to add to the state's economic momentum, boost tourism, and keep more gambling revenue in Kentucky. Governor Andy
Apr 3, 2023, 12:30 pm - Lottery News

Americans gamble over half a trillion dollars illegally each year, AGA Report says
Illegal operators capture a third of all gambling revenue, according to study By Kate Northrop According to a report published by the American Gaming Association (AGA), Americans gamble an estimated $511 billion every year through unregulated sportsbooks and websites. Last week, AGA released a report on money spent in the unregulated sports betting and gaming market, which found that Americans spend more than half a trillion dollars on illegal gambling each year. The findings are
Dec 5, 2022, 2:22 pm - Lottery News

Widowed father of six to put $100,000 lottery prize to good use
Ontario family is one happy bunch By Kate Northrop A recently widowed father of six is elated after winning a prize worth $100,000 from a sports-themed Ontario Lottery game. Neng Chao of Newmarket is celebrating a $100,000 win from the Point Spread sports game, and he's ready to put the newly acquired funds to good use. I felt like my wife who recently passed away was there helping me with this win, Chao told the Lottery. I loved her so much. Each and every one of his six
Feb 2, 2022, 9:13 pm - Lottery News

U.S. gaming industry hanging hopes on stimulus package
Hit hard by the coronavirus pandemic, the American gaming industry, including the expanding legal sports betting market, is optimistic the federal relief bill signed into law Friday by President Donald Trump will help its recovery. The $2 trillion CARES Act provides emergency liquidity, tax relief and additional support for small businesses, among other measures that could benefit the gaming industry. The funds will be allocated to states then apportioned to individual industries based on eco
Mar 31, 2020, 8:47 am - Lottery News

Oregon Lottery will lose money on sports betting this year
Agency cites higher start-up costs, lower margins and less betting activity than it expected Oregon Lottery Director Barry Pack will present some unwelcome news at the Lottery Commission's monthly meeting on Feb. 28. Scoreboard, the agency's new mobile sports betting app, will lose money for the fiscal year that ends June 30. Lottery will have a loss of $5.3 [million] from the program for the first nine months of FY '20, Pack said in a memo prepared for that meeting. Prior to launching
Feb 25, 2020, 7:17 am - Lottery News

Questions surround D.C. lottery and gambling contract, but high-level D.C. staffer says it's fine
Several D.C. Council members are asking whether the $215 million lottery and sports gambling contract the council approved this summer fulfills local business subcontracting requirements. This week, they got an answer from a high-level District staffer: Everything's fine. Yes, the contract is compliant with D.C. law requiring companies with large public contracts to subcontract some of the work to local businesses, Kristi Whitfield, director of the department responsible for monitoring compl
Sep 18, 2019, 9:54 am - Lottery News

The little firm that got a big chunk of D.C.'s lottery and sports gambling contract has no employees
The Greek company Intralot, which last month received a $215 million contract to bring sports gambling to the nation's capital and to continue running its lottery, says more than half the work will go to a small D.C. firm a condition that helped the gaming giant win the no-bid contract. The firm, Veterans Services Corp., will perform the ENTIRE subcontract with its own organization and resources, according to a document signed this summer by a top Intralot executive. District law requires
Sep 2, 2019, 6:36 am - Lottery News

Wisconsin man wins $1.19M on his first sports bet
James Adducci flew to Las Vegas from his home in Wisconsin on April 9 with the notion of placing an $85,000 wager on golfer Tiger Woods to win the Masters. Woods had not won one of the four PGA major tournaments since 2008 and was at 14-to-1 odds when the bet was placed at the William Hill US sportsbook inside the SLS Las Vegas. Adducci admitted his first-ever sports bet was a longshot. Golf was so special for my dad and me, Adducci said. We know how it ended. Woods' historic victor
Apr 16, 2019, 10:28 am - Lottery News

Sports betting at Yankee Stadium? It could happen under New York legislation
A sponsor of sports betting legislation in New York said the bill likely would allow for in-person wagering at places like Yankee Stadium and Madison Square Garden. Assemblyman Gary Pretlow said Friday the legislation he announced this week is being tweaked and will have that provision unless he receives strong opposition. That is one of the changes, that we would open it up to have affiliates such as Madison Square Garden, which has expressed an interest in doing this, the Westchester Co
Mar 4, 2019, 9:03 am - Lottery News

Page 1 of 5