Happy Monday, everyone. Sports betting news was mostly dominated by legislative updates and state reports last week, which is typical for this time of year.
- Nevada Sports Betting Online Ag
- Can You Bet Online In Nevada
- Nevada Sports Betting Online 2020
- Is Sports Betting Legal In Nevada
Top States with Online Sports Betting Nevada Online Sports Betting. Sports betting is thriving in Nevada. Players can bet offline at one of the many casinos in the state or online at some of the best sports betting sites. Bettors must be within the state lines to wager at online sportsbooks. New Jersey Online Sports Betting. Feb 22, 2021 Full Canada sports betting inches forward. One of last week's top sports betting stories was news from our northern neighbor. A bill that would remove a federal ban on single-game sports betting in Canada progressed through its second hearing vote last week by a significant 303-15 margin Wednesday. Jul 31, 2018 US Online Sports Betting and Mobile Betting Apps Reviewing the top sports betting apps, where to bet online and legal betting sites Legal US sports betting is quickly coming to much of the country, after decades of Nevada having a near monopoly. Feb 09, 2021 MGM Resorts sportsbook in Nevada couldn't offer live in-game betting due to system failures. Barstool Sportsbook, FanDuel, BetMGM, and DraftKings all saw technical issues during the game. – Sports bettors were active during Super Bowl 55 to the point that several sportsbooks saw major technical difficulties.
Nevada Sports Betting Online Ag
The LSR Podcast broke down some of those biggest state reports and looked at a recap of reported Super Bowl 55 handle so far.
The state legislative updates will be coming fast and furiously through early summer at this point. Make sure to follow @LSPReport on Twitter to get those updates as we cover them.
Top sports betting news: Michigan quick off online start line
Sports betting in Michigan launched last March just before the coronavirus pandemic, but that was only retail. Everyone knew the true test of the market would come once online went live.
Michigan certainly didn't disappoint with $115.2 million bet online in the first 10 days. That led to $13.3 million in gross sports betting revenue, which drastically dropped to a loss of $5.2 million once promos were deducted. No doubt the market was spurred by the simultaneous launch of online casino gaming, which had $29.4 million in gross revenue during those 10 days.
Even more telling than the total handle was who took those bets. While there were 11 sportsbooks live in those 10 days, four showed early potential to become a market leader.
FanDuel Sportsbook, DraftKings Sportsbook, Barstool Sportsbook and BetMGM combined for 96.4% of total handle and 93.2% of total gross revenue.
IL, NJ, PA release latest numbers too
We also saw sports betting revenue reports out of three of the top US sports betting jurisdictions last week:
- Illinois‘ gaming regulators finally graced all of us with their December report, which showed a new record of $492 million bet. Hold dropped to 5.7% from 8.2% in November, though, which meant IL sports betting revenue fell to $28.4 million.
- New Jersey sports betting set a new revenue record with $82.6 million in January while handle fell 4% from December to $958.7 million.
- Pennsylvania sportsbooks took a record $615.3 million in bets last month, which was up 12.2% from its previous record set in December.
Full Canada sports betting inches forward
One of last week's top sports betting stories was news from our northern neighbor.
A bill that would remove a federal ban on single-game sports betting in Canada progressed through its second hearing vote last week by a significant 303-15 margin Wednesday.
The bill now moves to the Justice Committee where it gets a third hearing this week. A vote on that hearing has not yet been scheduled.
Virginia sports betting bills head to conference again
Virginia‘s two legislative chambers just cannot agree on VA sports betting details.
Just like last year, both chambers insisted on their version of bills that would tweak the state's sports betting law. What's potentially frustrating for those sponsors is the bills are simply cleaning up language from last year's enabling legislation.
The proposal, which could see final approval this week if the conference works quickly, would exempt mobile sports betting licenses connected with casinos in the state from the maximum cap of 12 mobile-only licenses. Betting on the Olympics and more would also be approved through the legislation.
Good sportsbooks steal trademarks, great sportsbooks register them?
Barstool Sportsbook is accused of stealing content by a competitor.
Portnoy tweeted a letter sent from Westgate Superbook ordering the brand to stop using its trademarked 'Good teams win, great teams cover' phrase.
Portnoy said there's no chance Westgate invented the saying, which might be true. That has nothing to do with infringing on a trademark, of course, that Westgate successfully registered in 2012.
Vermont tries again for legal sports betting
The latest effort to legalize sports betting in Vermont is now live in the state legislature.
This year's bill would authorize up to six mobile sportsbooks as well as retail betting through the state lottery.
The state needs to do something soon if it wants to stay ahead of local competition. Vermont has four borders – Massachusetts, New Hampshire, New York and the province of Quebec in Canada – that could all have legal single-game mobile betting by the end of this year.
BetMGM sports betting partnership with Topgolf
A new partnership between BetMGM and Topgolf Entertainment will see the two collaborate on marketing and promotional offers.
The agreement includes select Topgolf locations where sports betting is legal and within online golf game WGT.
Can You Bet Online In Nevada
Locations where the partnership will first launch include Denver, Detroit, Indianapolis, Las Vegas, Nashville and Virginia Beach.
WynnBET partners with Genius Sports
The expanding WynnBET-branded interactive segment of Wynn Resorts will now get its data from Genius Sports.
The agreement includes data for NASCAR, the English Premier League and hundreds of other sports organizations.
The deal spans multiple states, beginning with WynnBET's live operations in Colorado, Michigan and New Jersey with more states to follow.
Wynn is working toward more state launches before the NFL season kicks off later this year.
- Multiple regulated sportsbooks either crashed or saw technical difficulties during Super Bowl 55 due to heavy traffic.
- MGM Resorts sportsbook in Nevada couldn't offer live in-game betting due to system failures.
- Barstool Sportsbook, FanDuel, BetMGM, and DraftKings all saw technical issues during the game.
TAMPA, Fla. – Sports bettors were active during Super Bowl 55 to the point that several sportsbooks saw major technical difficulties.
Michigan certainly didn't disappoint with $115.2 million bet online in the first 10 days. That led to $13.3 million in gross sports betting revenue, which drastically dropped to a loss of $5.2 million once promos were deducted. No doubt the market was spurred by the simultaneous launch of online casino gaming, which had $29.4 million in gross revenue during those 10 days.
Even more telling than the total handle was who took those bets. While there were 11 sportsbooks live in those 10 days, four showed early potential to become a market leader.
FanDuel Sportsbook, DraftKings Sportsbook, Barstool Sportsbook and BetMGM combined for 96.4% of total handle and 93.2% of total gross revenue.
IL, NJ, PA release latest numbers too
We also saw sports betting revenue reports out of three of the top US sports betting jurisdictions last week:
- Illinois‘ gaming regulators finally graced all of us with their December report, which showed a new record of $492 million bet. Hold dropped to 5.7% from 8.2% in November, though, which meant IL sports betting revenue fell to $28.4 million.
- New Jersey sports betting set a new revenue record with $82.6 million in January while handle fell 4% from December to $958.7 million.
- Pennsylvania sportsbooks took a record $615.3 million in bets last month, which was up 12.2% from its previous record set in December.
Full Canada sports betting inches forward
One of last week's top sports betting stories was news from our northern neighbor.
A bill that would remove a federal ban on single-game sports betting in Canada progressed through its second hearing vote last week by a significant 303-15 margin Wednesday.
The bill now moves to the Justice Committee where it gets a third hearing this week. A vote on that hearing has not yet been scheduled.
Virginia sports betting bills head to conference again
Virginia‘s two legislative chambers just cannot agree on VA sports betting details.
Just like last year, both chambers insisted on their version of bills that would tweak the state's sports betting law. What's potentially frustrating for those sponsors is the bills are simply cleaning up language from last year's enabling legislation.
The proposal, which could see final approval this week if the conference works quickly, would exempt mobile sports betting licenses connected with casinos in the state from the maximum cap of 12 mobile-only licenses. Betting on the Olympics and more would also be approved through the legislation.
Good sportsbooks steal trademarks, great sportsbooks register them?
Barstool Sportsbook is accused of stealing content by a competitor.
Portnoy tweeted a letter sent from Westgate Superbook ordering the brand to stop using its trademarked 'Good teams win, great teams cover' phrase.
Portnoy said there's no chance Westgate invented the saying, which might be true. That has nothing to do with infringing on a trademark, of course, that Westgate successfully registered in 2012.
Vermont tries again for legal sports betting
The latest effort to legalize sports betting in Vermont is now live in the state legislature.
This year's bill would authorize up to six mobile sportsbooks as well as retail betting through the state lottery.
The state needs to do something soon if it wants to stay ahead of local competition. Vermont has four borders – Massachusetts, New Hampshire, New York and the province of Quebec in Canada – that could all have legal single-game mobile betting by the end of this year.
BetMGM sports betting partnership with Topgolf
A new partnership between BetMGM and Topgolf Entertainment will see the two collaborate on marketing and promotional offers.
The agreement includes select Topgolf locations where sports betting is legal and within online golf game WGT.
Can You Bet Online In Nevada
Locations where the partnership will first launch include Denver, Detroit, Indianapolis, Las Vegas, Nashville and Virginia Beach.
WynnBET partners with Genius Sports
The expanding WynnBET-branded interactive segment of Wynn Resorts will now get its data from Genius Sports.
The agreement includes data for NASCAR, the English Premier League and hundreds of other sports organizations.
The deal spans multiple states, beginning with WynnBET's live operations in Colorado, Michigan and New Jersey with more states to follow.
Wynn is working toward more state launches before the NFL season kicks off later this year.
- Multiple regulated sportsbooks either crashed or saw technical difficulties during Super Bowl 55 due to heavy traffic.
- MGM Resorts sportsbook in Nevada couldn't offer live in-game betting due to system failures.
- Barstool Sportsbook, FanDuel, BetMGM, and DraftKings all saw technical issues during the game.
TAMPA, Fla. – Sports bettors were active during Super Bowl 55 to the point that several sportsbooks saw major technical difficulties.
The issues were caused by heavy traffic and wagers on specific bets. This caused sites to crash and systems to be unable to accept bets.
While many sports bettors were rightfully upset over the technical issues, this is an example of how popular legal sports betting has become that current servers aren't enough to handle major sporting events like the Super Bowl.
All MGM books down in Vegas ! Not good for the middle of the super bowl pic.twitter.com/RwTfzMdY8d
— tyler toney (@tylertoney3244) February 8, 2021
The BetMGM sportsbook in Nevada was incapable of hosting live in-game betting due to heavy traffic hurting affecting the servers. Sports bettors bet on the Super Bowl to such a high degree that the MGM Resorts had to shut everything down.
Mobile betting apps also saw major issues. Barstool Sportsbook, BetMGM, DraftKings, and FanDuel all saw technical difficulties that caused their apps to crash, bets to not go through, and overall lag on the sites.
'It appears this outage was caused by a surge in traffic that caused problems for our backend provider,' saidDraftKings in a statement on the technical difficulties. 'Our DFS (Daily Fantasy Sports) and pools products, supported by in-house technology, are functioning without issue. This incident is why we believe owning our own technology is important.'
Many frustrated NFL bettors publicly voiced their anguish via social media. FanDuel Sportsbook received a lot of criticism as the popular betting provider advertised its sportsbook leading up to the game.
This was the most wagered on Super Bowl in history. There were several new markets that launched in 2020 and 2021, which means all new players were able to legally bet on The Big Game. Even with that knowledge, it seems sportsbooks weren't expecting the amount of traffic they received.
More states are expected to launch their own legal sports betting markets before the next Super Bowl. In addition, current legal states may launch more sportsbooks within their markets. The next Super Bowl may even be bigger than this past year in terms of legal sports betting which means these platforms can't be surprised for Super Bowl 56.
Nevada Sports Betting Online 2020
News tags: Barstool Sportsbook | BetMGM | DraftKings | FanDuel | Florida | Kansas City Chiefs | Las Vegas | MGM Resorts | SB 55 | SB LV | Super Bowl 55 | Super Bowl LV | Tampa | Tampa Bay Buccaneers
Is Sports Betting Legal In Nevada
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he's not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.
