Get A Grip — The Week In Sports Betting: The Times They Are A-Changin’

The post Get A Grip — The Week In Sports Betting: The Times They Are A-Changin’ appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad). Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top U.S. sports betting stories, highlighting some fresh news, and rounding up key stories. 

Top stories around our network this week

The happenings this week may not end up being a bellwether for the sports betting industry, but it sure feels like there is a shift in enthusiasm in our sphere of the world. Maybe that will all change when the next state opens up and the euphoria will be extended, but the realities and repercussions of the sports betting business aren’t going away.

Caesars plans to reduce sports betting marketing expenses significantly

Why are DraftKings execs not buying their own stock at bargain-basement prices?

TwinSpires to discontinue online sports betting, iGaming

A big week for Churchill Downs

KHRC disqualifies Medina Spirit from Kentucky Derby, suspends Baffert

CDI to purchase Colonial Downs, Virginia HHR facilities, New York casino

Wooo pig

Arkansas mobile sports betting poised to launch in early March

Still work to do…

Another attempt to legalize sports betting introduced in Kentucky Senate

Alabama lawmaker proposes legal sports betting in one county

Missouri House committee debates sports betting bills

PA governor still opposed on third try to divert slots funds from horse racing

… and much to learn

New study suggests Canadians need sports betting education

Expansion plans

Online casino games viewed as possible New York gambling expansion

Sporttrade extends its exchange reach into Indiana and Louisiana

Least shocking news of the week

Hockey, curling most popular Olympic events at Canadian online sportsbooks

Come together, right now

Arizona legislation could roll three agencies into a new state gaming commission

Second Arizona bill seeks to consolidate gambling regulators

You win some, you lose some

FanDuel, BetMGM, and Barstool are dominating the Michigan market

BetMGM reports two months of net revenue loss in Pennsylvania

Revenue reports

New Yorkers continue robust online sports betting in Super Bowl’s wake

Nevada posts record $1.1 billion sports betting handle for January

Louisiana generates $40 million in mobile handle from first four days

Illinois casino and VGT revenue drops sharply to start 2022

Dispatches from fantasy land

Dave Portnoy: DraftKings and Penn National should merge sportsbooks

Enough, already

The most annoying, overused types of sportsbook tweets

PointsBet’s tactics are angering bettors

New Hampshire joins $1 billion club

New Hampshire has become the 15th state to surpass $1 billion in all-time sports wagering handle in the post-PASPA era, with the state lottery reporting a record $99.5 million in wagers for January.

The Granite State reached the milestone in just more than 25 months of wagering, having taken its first bets shortly before the start of 2020. It also set an all-time monthly record for operator revenue in January, as the DraftKings-powered sportsbook claimed more than $8 million to open 2022. Overall, New Hampshire is just shy of $1.1 billion handle, with DraftKings claiming nearly $74.9 million in revenue and the state receiving close to $35 million in tax receipts.

— Chris Altruda

Baffert denied stay of suspension

Four days after the Kentucky Horse Racing Commission disqualified Medina Spirit and suspended Bob Baffert for 90 days for a positive drug test for the corticosteroid betamethasone, a request from the trainer to stay the suspension was denied Friday, according to the Louisville Courier Journal.

KHRC Executive Director Marc Guilfoil, according to the Courier Journal report, denied the request because he could not find “good cause” to delay the suspension, which is set to begin March 8.

According to one of Baffert’s attorneys, a pursuit of a remedy in court could be the next step.

“We will appeal and file a motion with the court if necessary,” Baffert’s attorney, Craig Robertson, told the Courier Journal. “The KHRC denial of the request for a stay is unprecedented in my experience. Stays are routinely granted pending an appeal. This is because it is manifestly unfair to force a trainer to serve a suspension now when the penalty imposing that suspension is subject to being reversed.”

More of the most important, interesting stories

LEGALIZE IT: Majority of California voters support legalizing sports betting [Los Angeles Times]

PROGRESS: Oklahoma sports betting bill advances out of House committee [FOX23]

ALASKA HEATS UP: Alaska bill seeks to legalize mobile gaming [Law360]

KEEP YOUR HEAD UP: A note to DraftKings CEO Jason Robbins [GGB News]

STEP BACK: Sports wagering still restricted to Deadwood, as SD kills ballot proposal [Argus Leader]

ATTENTION TO DETAIL: Sports betting brings more attention to NBA stat corrections [ESPN]

CALL FOR HELP: Michigan gambling helpline calls tripled in 2021 [Newsweek]

LONE STAR CASH: Las Vegas Sands launches $2 million PAC to legalize casinos in Texas [Texas Tribune]

PARTNERS: Buffalo Sabres, FanDuel reach partnership deal [PR Newswire]

The post Get A Grip — The Week In Sports Betting: The Times They Are A-Changin’ appeared first on SportsHandle.

Read More

Author: Micheal May