SportsHandle: That was the week that was in US sports betting

SportsHandle and friends deliver another round-up of the week’s big developments in US sports betting.
Image source: ​​Luciano Mortula - LGM/Shutterstock

SportsHandle and friends deliver another round-up of the week’s big developments in US sports betting.

NY Meets Target Of Launching By Super Bowl As Four Sportsbooks Get Green Light

Shortly after New York Gov. Kathy Hochul delivered her State of the State address earlier this week, the New York Gaming Commission confirmed Thursday that four mobile sports betting operators will be authorized to begin accepting wagers this week.

The four sportsbooks, Caesars, DraftKings, FanDuel, and Rush Street Interactive, have been approved to commence online sports wagering operations in New York as soon as 9 a.m. ET Saturday, the commission said in a statement. Those four satisfied all statutory and regulatory requirements necessary to accept and process mobile sports wagering activity, the commission noted.

Full story here.

NY Commission Announces Online Sports Gambling Can Start Saturday

The New York Gaming Commission announced Thursday that four mobile sports wagering operators have been approved to start offering online wagers as soon as Saturday morning.

Caesars, DraftKings, FanDuel, and Rush Street Interactive all cleared their statutory and regulatory requirements, the commission said, and can begin taking bets as of 9 a.m. ET Saturday. Based on the rollout of online gambling in other states, it’s expected wagering will be available before the kickoff of NFL games on Saturday, comfortably meeting New York’s stated goal of launching sometime before the Super Bowl.

Full story here.

It All Adds Up: The NFL Fires The Sports Betting Money Cannon

Dollar, dollar bill y’all.

With many apologies for stepping on Wyclef Jean’s “Sweetest Girl,” that lyric can best sum up sports betting in the United States for September and October. This is also where I passive-aggressively note that I’m doubling up this edition because the Arizona Department of Gaming did not release its first two monthly reports — September’s being more than four weeks later than the state’s self-announced timeline — until an unannounced news dump on New Year’s Eve.

Full story here.

Monthly Stock Watch: Will Top Sports Betting Stocks Rebound After Down Year In 2021?

Each month, our stock watch series will examine recent trends in sports betting equities across Wall Street and outside the U.S. on top global exchanges. The red-hot U.S. sports betting market is now expected to grow to nearly $40 billion in annual revenue by 2033, according to Goldman Sachs. One prominent investment manager, Cathie Wood of Ark Invest, has taken a large position in DraftKings. She is not alone, as a wide range of institutional investors are bullish on sports betting.

Full story here.

Sports Betting Operators Claim New High Of $36.9M In Revenue In November

The second year of sports betting in Tennessee kicked off in grand style — for operators.

Continuing the nationwide trend that has seen state after state post record levels of operator revenue, Tennessee added itself to that lengthy list Tuesday by reporting $36.9 million in gross revenue from November, according to figures provided by the Sports Wagering Advisory Council.

Full story here.

COVID’s Omicron Variant Intensifies Battle Between Bettors, Bookmakers

Is he playing or not?

It’s not like this is a new consideration for sports bettors and bookmakers alike. Athletes are subject to injury, and certain injuries cause certain athletes to miss action. Oftentimes, this means having to keep a close eye on a player’s status right up until kickoff/tipoff.

Such calculations have long been part of the cat and mouse game between the parties on either side of the wagering window (or, increasingly, the phone screen). But COVID’s highly contagious — but probably not as dangerous — Omicron variant has thrown things into utter chaos, especially as professional sports leagues relax or retool regulations on the fly.

Full story here.