Three weeks ago this site ran a piece arguing that the World Cup broke American betting records and the books came out ahead anyway. Every figure in it came from operators talking to reporters, and the post said so plainly: nobody had filed financials yet, and press quotes get picked by the people they flatter. … Read more
A federal judge in Utah ruled Tuesday that the state’s ban on gambling reaches Kalshi’s sports event contracts. Four days earlier, New York sued the company for running what its attorney general describes as an unlicensed gambling operation. The Kalshi lawsuit docket now covers most of the country. Nothing about it points one way. What … Read more
Nevada’s Super Bowl Handle Just Hit a 10-Year Low. Where Did the Money Go? The Nevada Gaming Control Board released its Super Bowl LX wagering figures on Monday, and the headline number stunned the industry. Nevada’s 186 sportsbooks handled $133.8 million on the Seahawks’ 29-13 win over the Patriots. That’s the lowest Super Bowl handle … Read more