Posts for Sports Gambling Category

Bet365 Is Coming To The US

Kyle Scott - July 5, 2018

Big news. Bet365, the dominant player in UK betting, has reportedly inked a deal with the new Hard Rock Casino in Atlantic City to power their online sportsbook.

The New Jersey Department of Gaming Enforcement, or the DGE, issued a letter approving the agreement between the two companies. The relationship has been approved until only July 31, which indicates that Bet365 has already applied for its ancillary gaming license which will allow it to potentially be the betting platform for Hard Rock in New Jersey.

This is a big deal as the likes of DraftKings, FanDuel – which will be called FanDuel Group after being bought out by Betfair – William Hill, Bet 888 and others have all moved to enter the NJ market. Bet365 would add yet another power player in the legal sports betting space.

To learn more about sports betting sites in New Jersey, check out our New Jersey sports betting guide.

FanDuel CEO Matt King Is The New CEO of FanDuel Group

Kyle Scott - July 5, 2018

FanDuel CEO Matt King has been named the new CEO of Betfair’s US based operations, according to EGR Global.

The combined firm will be named FanDuel Group.

Last month, it was announced that Betfair, a European sports gambling company, would take a controlling stake in FanDuel and use them as their US brand.

This comes as no surprise since FanDuel is already one of the leading daily fantasy sites.

They have already unveiled their FanDuel Sportsbook and indicate it will be available by the start of football season.

In New Jersey, FanDuel Group is partnered with The Meadowlands, which plans on backing the consumer-facing sports betting app in New Jersey. Obviously, this will be just the start of the company’s efforts.

Everything You Need To Know About Legal Sports Betting in Pennsylvania, New Jersey and Delaware

Kyle Scott - June 15, 2018

I spent the past two days at Harrah’s in Atlantic City, where the top brass in the legal sports betting industry were all present for the East Coast Gaming Congress.

The annual event is a meeting of the minds for all forms of gaming, from slots to casino hospitality, most of which doesn’t interest me even a little bit. But this year the focus was almost exclusively on sports gambling. It’s perhaps only a coincidence that Monmouth Park and the Borgata, a 17-minute walk from Harrah’s (speaking from experience), started taking bets during day two of the conference, just hours before Governor Phil Murphy addressed attendees.

Why did I go? Two reasons, to be honest:

  1. To learn about where the industry is headed and pass along those findings to you, specifically because Philly is at the epicenter of the shift toward legal sports betting since Pennsylvania, New Jersey and Delaware will likely be the first three states to allow it following the Supreme Court’s ruling last month.
  2. Business interests, Holmes.

Right now, things are confusing to consumers and would-be bettors. When can I bet? How? Where? And beyond that, just have pervasive and what forms will sports betting take in the US?

I’m here to summarize the event and answer your questions. Continue Reading

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Crossing Broadcast: The Future of Sports Gambling

JoyOnBroad - June 15, 2018

Kyle and Russ cover Kyle’s recent trip to a sports gambling conference in New Jersey, the future of sports gambling in Pennsylvania, the technology barrier to narrow bets, and more. Also discussed: the Eagles Super Bowl rings, World Cup, and a delicious Gordon Ramsay meal.

Please subscribe to the show, leave a 5 star review, and follow us on Twitter: @CrossingBroad @JoyOnBroad

[iTunes] [Google Play] [Stitcher] [RSS]

Audio after the jump:

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Sports Betting Is Now Fully Legal In New Jersey

Kyle Scott - June 11, 2018

That there is New Jersey governor Phil Murphy signing into law the sports betting bill.

It passed last week and was just waiting to be signed by the gov. Under the law, sports betting will now be fully legal in New Jersey, both at casinos and racetracks, and online, the latter of which can go live in as little as 30 days (in other words, in time for football season).

Monmouth Park plans to go live on Thursday morning.

Online sports betting in New Jersey: you’ll have to be in the state to place a bet. Sites and apps will use geofencing, similar to how they do with daily fantasy sports, to determine if you are in-state.

DraftKings and William Hill are already positioned to be players here. They’ve partnered with Resorts and Monmouth Park, respectively. Online sportsbooks, like the ones we expect to see from DraftKings and William Hill, will have to be backed by licensed operations, so it remains to be seen how these sites and will look and feel. William Hill already has a live app in Nevada, but DraftKings has no sports betting platform yet, so it could be subset of its current platform, a separate app, or a co-branded experience with Resorts.

Here’s the full text of the bill:

new jersey sports betting bill

We’ve put together a full New Jersey sports betting guide listing which platforms have partnered with which casinos. Check it out to figure out where, when and how you can bet. You can also sign up for our email list to get developments on where you can bet in New Jersey:

A Guide to Sports Betting in New Jersey and Delaware

Kyle Scott - June 8, 2018

Legal sports betting began this week in Delaware, where in-person, casino-based gambling is now available.

Yesterday, the NJ senate approved a regulation to allow casino and online sports gambling. The bill is just waiting to be signed into law my Governor Phil Murphy, who today said he won’t sit on it for too long. From NJ.com:

“I want sports betting,” Murphy said during a news conference in New Brunswick. “Believe me a I want to place the first bet in New Jersey if I can. But we want to make sure we do it right. We just got the bill. We’re going through it, and we’re not gonna sit on it.

Asked if he will take the entire 45 days he has to take action on the bill, Murphy said: “I sure as heck would hope not.”

The remarks come a day after both houses of the state Legislature voted overwhelmingly to pass the bill, which would regulate and tax such wagering online and in person at the Garden State’s casinos and racetracks.

It’s unclear why he appears to be stalling, but sports betting is coming to New Jersey very, very soon, likely within just days.

With Pennsylvania perhaps next up to legalize sports betting, Philly is at the MF-ing epicenter of this movement. We’re putting together a series of pages showing where, when and how you can bet in each of the three states. Thanks to our friend Mike Lyon, a local attorney, who has helped us put together both the legal sports betting overview and the New Jersey sports betting page. We also have one for Delaware, and a how-to bet on sports guide for beginners.

You can check out each of those pages here:

New Jersey sports betting guide

Delaware sports betting guide

How to bet on sports

Delaware Will Offer Legalized Sports Betting Starting Tuesday

BWanksCB - June 1, 2018

Delaware has always been ahead of the game. It was, of course, the first state to ratify the United States Constitution in 1787. Fast forward 231 years and it will become next week the first new state to offer legalized sports betting after the Supreme Court’s decision last month clearing individual states to offer wide-ranging sports wagering options.

Ironically, I have always heard that it is absolutely delightful in Delaware this time of year. I think I’ll make a visit on Tuesday at 1:30 pm, which just so happens to when the state’s books will go live.

“Delaware has all necessary legal and regulatory authority to move forward with a full-scale sports gaming operation, and we look forward to next week’s launch,” Delaware Governor John Carney said in a press release issued yesterday. “We’re hopeful that this will bring even more visitors into Delaware to see firsthand what our state has to offer.”

A new state marketing campaign in the works? I think so!

Come for the Christiana Mall, stay to satisfy your legal compulsive gambling habits. #Delaware

SportsPick, the product that will operate the state’s betting action, will be available at Dover Downs Hotel & Casino, Delaware Park, and Harrington Raceway & Casino.

And what this does is offer the average bettor options. You can head to one of these locations and do it the clean way. No more visiting a guy named Rocco behind a 7-11 to hand off an envelope stuffed with your hard-earned money, misery, and regret. Just give it to the state instead. Think of it as a “fun tax.” Just know, however, that any winnings over $600 are considered reportable winnings. Also know that winnings over $5000 requires federal tax withholdings of 24%.

The Delaware Lottery has published a comprehensive guide designed to answer questions about betting terms, procedures, rules, and regulations, but may I suggest you start with try the Crossing Broad sports betting FAQ instead.

A Beginner’s Guide to Sports Gambling

BWanksCB - May 25, 2018

For some, the legalization of sports gambling won’t change much. There will be those who abstain from the temptation, those who occasionally dabble, and then there will be those who hate themselves late on a Sunday night as they try to figure out which credit card is going to pay the Comcast bill. Still, the world of sports gambling is foreign to many, and it is likely the U.S. Supreme Court’s recent landmark decision that allows individual states to govern its legality will bring a significant part of the fan population into the fray.

 

Why should I bet on sports?

Because it’s awesome, that’s why. Yes, there is a pretty good chance that you may piss away your hard-earned money. Yes, you may ultimately develop a crippling addiction that forces you to irrationally justify your losses by telling yourself lies such as, “I don’t need a savings,” or, “If I just eat Ramen Noodles for next five weeks and buy off-brand toothpaste, it will be like all of this never happened.” Yes, you may also run the risk of alienating yourself from friends and incensing your significant other when you are out to dinner by compulsively checking to see if the Raptors beat the Pistons by six points. But you could also WIN—and winning is fun. Nailing a game to validate your sports acumen while also putting money in your pocket that you didn’t really earn is a magical feeling. I’m not sure that there’s anything better.

From a practical standpoint, a diligent and disciplined bettor who understands trends, traps, and contextual factors can make money, but it’s easier said than done. For the average fan, sports wagering provides a form of convenient entertainment, and it can spice up a rather ordinary sporting event. Don’t care about the Angels and Astros game on Sunday Night Baseball? Now you do!

 

What can I bet on?

EVERYTHING! Well, almost everything. Bettors have several wagering options at their disposal—point spreads, moneylines, totals, and varying prop bets depending on the sport and the overall significance of the bet. Betting options aren’t limited to the four major American sports leagues. If it’s a regulated and sanctioned athletic event, it is probably on the board. Have a good feeling about Juan Martin del Potro at Wimbledon, or the Minnesota Lynx over the New York Liberty? Hammer that shit. Continue Reading

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