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Michael Savio

By: Michael SavioUS Sports Betting Handle Surpasses $400 Billion After Strong September
September revenue numbers show that the US has now seen over $400 billion in sports betting wagers since PASPA was overturned by the US Supreme Court in 2018. New Jersey has the highest handle, though New York has quickly closed the gap.

By: Michael SavioHard Rock Considering Allowing Industry Rivals into Florida Market
Hard Rock has confirmed that it has begun talks with FanDuel and DraftKings about entering the Florida market, over which the operator currently has sole control. A partnership would involve the industry leaders paying Hard Rock a monthly percentage.

By: Michael SavioMaine Sets Record With Impressive September Handle
Maine is reporting a sports betting handle of $51 million for September. This impressive result is a 45% increase from August, thanks largely to the start of the football season. DraftKings led the way, accounting for $46 million of the handle.

By: Michael SavioDraftKings Donates $5 Million to Support Missouri Sports Betting Ballot Initiative
DraftKings has donated another $5 million to Winning for Missouri Education, a group campaigning to get voters to legalize sports betting in November. The money will be used to generate ads and awareness ahead of the upcoming election.

By: Michael SavioKentucky Revenue Numbers Exceeding Exceptions After One Year
Kentucky’s strong August sports betting revenue numbers have pushed their total handle up to $2.4 billion, far exceeding even the most liberal projections. DraftKings Sportsbook is leading the market, followed closely by FanDuel, and bet365 in a distant third.

By: Michael SavioMassachusetts Sends Cease & Desist Letter to Bovada Sportsbook
Massachusetts sent a cease-and-desist letter to offshore sportsbook Bovada, demanding it shutter its platform in the state. In addition to not paying tax on the revenue generated, the state accuses the operator of misleading customers into thinking the platform is based in the US.

By: Michael SavioNew York Makes Significant Change to Sports Betting Advertising Rules
New York Governor Kathy Hochul has signed a new bill into law that will require warnings about addiction in all gambling-related advertising in the state. The message must talk about the dangers and possible consequences of problem gambling.

By: Michael SavioJags Employee Fired Over Stolen Funds Sues FanDuel Sportsbook
Ex-Jags employee Amit Patel is suing FanDuel for $250 million, claiming the company exploited his gambling addiction that led to him stealing $22 million from the team. The lawsuit alleges the company flooded him with messages tempting him to continue gambling.

By: Michael SavioNorth Carolina Sports Betting Market Surpassing Revenue Projections
The North Carolina Lottery Commission reports that the state has received $61 million in tax revenue over the first six months, beating the annual projection of $36.1 million. The regulator also approved rules for retail sports betting, meaning that it could go live soon.

By: Michael SavioMichigan Bettor Charged After Making Fake Deposits at Caesars
A Michigan bettor has been arrested after being charged with defrauding Caesars Sportsbook by exploiting a system vulnerability on their online platform. The bettor is alleged to have stolen over $500,00 after making a fake $2 million deposit.