Author: Andy Nelson

The following is an excerpt from the new book The Logic of Sports Betting by Ed Miller and Matthew Davidow. So far, the betting markets I’ve talked about are pregame markets. The main three markets — spread, moneyline, and total — and the derivative markets — first half spread, moneyline, and total — they are all offered before the game starts. Once the game begins,…

Months of whittling down multiple options for Illinois sports betting culminate this week with Rep. Mike Zalewski planning to unveil one last-ditch amendment. The House will try to push it forward in the final days of the legislative session. Zalewski, who chairs the Revenue and Finance Committee, said the amendment will include the lottery, mandate the use of official league data for in-play wagers, and lower the fees and…

The long wait for a sports betting bill in Michigan is about to end. Legal Sports Report obtained a draft of a bill being prepared by Rep. Brandt Iden, which he intends to introduce next week. While it took a few months longer than anticipated to work out the details, Iden's proposal is mostly reasonable compared to the borderline outlandish provisions appearing in some nearby states.…

Last week's cycle of sports betting headlines featured one of the biggest pieces of news the industry has seen in quite some time. By now you've probably heard that Fox Sports announced its entry into the gambling business via a landmark deal with The Stars Group. The duo plans to offer both a free contest and real-money sports betting in eligible states via a…

FanDuel Sportsbook continues to dominate the New Jersey online sports betting market as the April revenue numbers came out. And DraftKings Sportsbook is still the dominant No. 2 sports betting app in NJ. That leaves everyone else basically competing for leftovers as the state generated $313 million in total wagering handle and more than $21 million in revenue in April 2019. It's down from…

Mobile NY sports betting took a small bite from the Big Apple on Monday. The New York Senate Racing, Gaming and Wagering Committee advanced sports betting bill S 17 through the committee on a unanimous vote. The bill advances to the Senate Finance Committee. Exclusion of horse racing concerns committee The comprehensive sports betting bill authorizes mobile NY sports betting at commercial and tribal casinos, expanding…

ALBANY, N.Y. — Gambling stakeholders gathered in the New York capitol Wednesday morning for a public hearing on legal sports betting. Sen. Joseph Addabbo presided over the discussion, acting as the chair of the Racing, Gaming, and Wagering Committee and the captain of an effort to legalize online betting. He was joined in the spotlight by his equal and co-sponsor in the lower chamber, Assemblyman Gary Pretlow. As…

It appears NH sports betting is on its way to legislative approval after a key senator backed down from a game of chicken to attach a doomed casino expansion to the proposal. With the House once again shooting down his proposal to add casinos in New Hampshire — which this time included language to authorize legal sports betting — Sen. Lou D’Allesandro tells Legal Sports Report he…

Rep. Michael Zalewski filed two amendments to Illinois sports betting legislation ahead of Wednesday's subcommittee hearing. The amendments, which replace the five proposals previously discussed in the state, would establish licensing and tax fees unprecedented in the US sports betting market. While H 3308 served as Zalewski's sports betting bill in earlier discussions, the amendments shift the focus to H 1260. This week, Zalewski took…

Indiana sports betting is on the way. Hoosier Bookie Choices – #1 MyBookie.ag [affiliates_list num=”4″ cat=”sports” sort=”date” columns=”2″] Gov. Eric Holcomb signed IN sports betting bill H 1015 into law Wednesday afternoon, making it the second state to legalize wagering this year. Montana legalized single-game wagering via the state lottery last week. The Indiana Legislature approved the bill April 25 and today was Holcomb’s…