Sports betting has an undeniable grip on the sports industry. ESPN reported that sports betting generated over $10.92 billion in 2023 alone. Currently, 38 states and Washington, D.C. have legalized sports betting, including Florida, which legalized it in November 2023. However, sports betting isn’t the only industry that has seen a boost. The entire American […]
Tag: Sports Betting
Young men face high risk for gambling addiction as sports betting fire rages. (Op-Ed)
Sports betting apps have become all the rage, allowing bets to be placed anytime, anywhere, and with little warning about financial consequences. The Supreme Court allowed for legalized sports betting in most states in 2018, and there has been a surge in gambling addictions ever since. According to a new Siena College poll, the majority […]
Apple Sports will fuel the sports betting fire. (Op-Ed)
Apple has unveiled a new app for iPhone users that will provide “real-time scores, stats, and more, all designed for speed and simplicity.” The app provides information for all leagues that are currently in season. The MLS, NBA, NCAA Basketball (men’s and women’s), NHL, and many more are currently supported with the MLB, NFL, NCAAF, […]
ESPN ventures into sports betting with PENN Entertainment partnership
ESPN partners with PENN Entertainment to launch ESPN Bet, a groundbreaking move into sports betting, raising both opportunities and challenges in the dynamic world of sports entertainment.
Sports Betting Legalized In Massachusetts Ahead Of NFL Season
Since 2018, 30 states and the District of Columbia offer various forms of legal sports betting, and now the state of Massachusetts has joined on the wagering train just in time for New England Patriots fans to bet on their team in September. While legalizing sports betting can be a dangerous game and lead to a massive loss of income for die-hard sports fans, Massachusetts Senators and Representatives came to the conclusion that passing a bill set to “legalize betting on professional and college sports” will overall benefit the economy of the Old Bay State. Senator Eric Lesser shared that approximately $65 million will now be earned annually through this industry, which is major revenue in the medium-sized state of about 7 million residents.
