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Phil Mickelson Could Testify in Sports Bettor Billy Walters’ Insider-Trading Trial

Phil Mickelson insider trading Billy Walters

Phil Mickelson is known as a risk-taker on the golf course, but his penchant for hazardous opportunity extends beyond the game that’s made him a millionaire 300 times over. Few golfers are more loved in America than “Lefty,” but outside the ropes, Mickelson runs with a crowd that doesn’t necessarily adhere to the same well-mannered ways….Read More

Vegas Shows No Favorite, But Usual Suspects are Top Choices in NCAA Tournament

NCAA Tournament

While the NCAA Tournament selection committee likes Villanova to repeat as champions, several Las Vegas oddsmakers have a different opinion. The Sportsbooks look at this as a wide-open tournament, unusual from past championships that have one or two teams as a favorite. The facility at Red Rock Resort in Las Vegas has seen several teams…Read More

UK Bookies Hope Cheltenham Festival Will Break “Right” Kind of Records This Year

Thistlecrack missing from Cheltenham

UK bookies are expecting a record Cheltenham Festival this week, as the country’s biggest horse racing meet gets underway on Tuesday and continues through Friday. The kind of record they’re hoping for, though, will the exact opposite of last year’s, when they suffered record-breaking losses, the “worst in living memory,” according to one. It was…Read More

Vegas NASCAR Race Provides Last-Lap Drama and Physical Confrontation

NASCAR Las Vegas Kyle Busch

The Vegas NASCAR event on Sunday was a yawner of a race throughout much of the 400 miles, but a last-lap incident between hometown boy Kyle Busch and Joey Logano provided plenty of excitement that ended up in the two drivers exchanging blows. The Kobalt 400, Las Vegas’ annual NASCAR race, was deemed a dreadfully…Read More

DraftKings Raises $100 Million in Funding, while Minnesota Tackles DFS Regulation

Toddy Beohly leads DraftKings funding round

DraftKings has raised $100 million in a new round of funding, led by Eldridge Industries, the company owned by Los Angeles Dodgers part-owner Todd Boehly. DraftKings Chief Executive Officer, Jason Robins, confirmed rumors of the funding to Bloomberg via email this week. He said his company had looked for a funding partner that could bring…Read More

Barcelona Comeback Sends Bookies Reeling

Sergi Roberto scores winning goal against PSG

Barcelona’s victory against Paris St Germain in European soccer’s Champions League last-16 on Wednesday night is being hailed as one of the greatest comebacks of all time, perhaps greater even than the New England Patriot’s against the Atlanta Falcons in Super Bowl LI. The only people who weren’t cheering were the bookies who have paid…Read More

Las Vegas Stadium Authority Board Meets, but Raiders a No-Show

Las Vegas Stadium Authority Oakland Raiders

The Las Vegas Stadium Authority (LVSA) met this week to continue discussing the potential lease agreement between the $1.9 billion football stadium and the NFL’s Oakland Raiders, but representatives for the team opted to sit on the sidelines and not attend. The nine-member board was formed through the passage of Senate Bill 1, legislation that…Read More

NASCAR Races Into Las Vegas This Weekend, Books Second Stop for 2018

NASCAR Las Vegas Motor Speedway

NASCAR is in Las Vegas for the annual Monster Energy Cup Series event, and this week racing’s premiere circuit provided fans in Nevada with some added reason for excitement. Yesterday, NASCAR (National Association for Stock Car Auto Racing) announced that beginning in 2018 the Cup Series will make two trips to the Mojave Desert on an…Read More

NBA MVP Race Dishes Up Excitement at Online Sportsbooks

NBA MVP sportsbook odds Russell Westbrook

The NBA MVP race is closer than ever, as numerous players are putting up big numbers. Sportswriters and broadcasters who determine the outcome will have a difficult decision to make come June, and that’s good for online sportsbooks taking bets on the winner. Oklahoma City Thunder guard Russell Westbrook is averaging astonishing figures. The colorful…Read More

Paddy Power Betfair Revenues Soar But Merger Costs Hurt Bottom Line

Breon Corcoran reports Paddy Power Betfair Revenue

Paddy Power Betfair on Monday reported revenues were up by 89 percent during its first year as a merged company, despite costs associated with the merger that ultimately dragged down its bottom line. While revenues soared to £1.5 billion ($1.83 billion) in 2016, these figures were tempered by one-off merger-related payments of £116 million ($141…Read More

New York State Makes $3 Million From DFS in Months Since Regulation

Daniel Barbarisi, Dueling with Kings author

New York State is reaping the benefits of DFS regulation, according to figures newly released by its gaming commission. The state’s first five months of licensed and legal DFS contests brought in $3 million in tax revenue, which will go, in its entirety, into the New York Lottery fund, and be used to fund education…Read More

Sportsbooks Offer Prop Bets for Vegas Golden Knights Before Signing First Player

Vegas Golden Knights

While the NHL’s newest expansion team just signed its first player a day after making its final payment to the league, oddsmakers have been busy offering a variety of prop bets on the Vegas Golden Knights. Sportsbooks in Sin City, as well as online gambling sites, have taken action on everything from what the team…Read More

Vegas NFL Stadium Bankrolled by Bank of America, as Mark Davis Continues Efforts Minus Sheldon Adelson

Vegas NFL stadium Oakland Raiders

The Vegas NFL stadium project that billionaire Sheldon Adelson bailed on in late January has found a new backer in Bank of America. The financial institution has reportedly agreed to cover the hundreds of millions of dollars in outstanding funding to make sure the $1.9 billion, 65,000-seat domed stadium has the capital to move forward. Oakland…Read More

Adam Meyer, “Celebrity Tipster,” Sentenced to Eight Years For Fraud, Extortion and Racketeering

Tipster Adam Meyer gets eight years in prison

Adam Meyer, once the self-proclaimed “sports consultant to the stars,” has been sentenced to eight years in prison for charges including fraud, extortion, racketeering and brandishing a firearm. Meyer’s case was bizarre. Here was a high-rolling handicapper, who once boasted that his client list “reads like the front page of Variety,” accused of impersonating a…Read More

India Contemplates Legal Casinos and Sports Betting, $60 Billion at Stake

India gambling

India is the latest country to examine the possibility for legalizing gambling, and appears open to changing existing statues. The Law Commission, the country’s top law panel, is reviewing the feasibility of making sports betting and casinos legal, as well as other forms of wagering. The motivation is financial. The Indian gambling market, both legal and…Read More