ian-valentino Page 3 - Sports News, Headlines & Highlights
DraftKings Stock Falls to Three-Year Low as Market Concerns Mount
DraftKings shares fell to their lowest level in more than three years on Oct. 1, extending a difficult stretch for the online sportsbook operator and reflecting broader concerns across the sports betting sector. The company's stock dropped as low as $18.58 during trading after closing the previous day at $19. According to industry reports, that marked the stock's lowest closing ...
New Pennsylvania Gaming Measure Targets Sweepstakes Platforms Alongside Skill Games
Pennsylvania lawmakers are considering a broad gaming measure that would not only establish a regulatory framework for skill-game machines but also prohibit sweepstakes casino-style platforms operating in the state. House Bill 2801 was introduced as part of a wider effort to address the future of skill games following a recent Pennsylvania Supreme Court ruling. While much of the discussion surrounding ...
Illinois Sports Betting Extends Billion-Dollar Run as World Cup Fuels July Growth
Illinois sportsbooks continued a lengthy streak of strong wagering activity in July, surpassing the $1 billion handle mark for the 12th consecutive month. According to figures released by the Illinois Gaming Board, bettors wagered approximately $1.05 billion during the month, representing a 21.7% increase compared to July 2025. The latest results demonstrate the continued strength of one of the largest ...
Florida Presses Tech Platforms Over Sweepstakes Casino Promotions
Florida's efforts against sweepstakes casinos are moving into a new phase as state officials turn their attention toward the online advertisements that help those platforms reach consumers. After filing legal actions against several sweepstakes casino operators and related payment processors, Florida Attorney General James Uthmeier is now seeking assurances from major technology and social media companies that they are not ...
Flutter’s Challenges Deepen As FanDuel Parent Reaches New Stock Low
FanDuel parent Flutter Entertainment is facing mounting pressure after its stock fell to a record low, highlighting concerns about the company's global growth strategy and challenges in the U.S. market. The decline follows a series of regulatory setbacks overseas, increased spending tied to customer acquisition, and growing competition within sports wagering. While FanDuel remains the dominant sportsbook operator in the ...
Social Casino Operator Playstudios Resolves Class Action Over Virtual Chips
Social casino operator Playstudios has agreed to a $3 million class action settlement that resolves allegations its virtual-chip sales violated gambling laws in six states. The agreement affects players in Alabama, Ohio, New Jersey, Massachusetts, Tennessee and Kentucky who spent money on virtual chips in several Playstudios-operated casino-style games. The settlement stems from litigation filed in Alabama that challenged the ...
National Problem Gambling Council Faces Another Leadership Change Amid Industry Tensions
The National Council on Problem Gambling (NCPG) is once again searching for a new leader after Executive Director Heather Maurer resigned less than a year after taking the position. The organization confirmed that Maurer will remain in the role through Oct. 16 while a search for her successor gets underway. Maurer's departure marks another leadership transition for the nonprofit at ...
New York Sports Betting Posts Fourth-Best Week Ever as NFL Action Fuels $611M Handle
New York's online sports betting market recorded its fourth-largest weekly handle ever during NFL Week 2, continuing a strong start to the football season. According to figures released by the New York State Gaming Commission, bettors wagered $611.1 million during the week ending Sept. 20. The total represented a 2.8% increase from the opening week of the 2026 NFL season ...
Nevada Exit Shrinks ClubWPT Gold’s U.S. Footprint
ClubWPT Gold, the sweepstakes poker platform associated with the World Poker Tour, has officially ended its Nevada operations after facing increasing regulatory scrutiny in the state. The move became effective over the weekend and reduces the platform's availability from 42 states to 41. The departure adds another example to the growing list of sweepstakes-based gaming operators that have either restricted ...
The Win Zone Sets Final Redemption Deadline as Operations Wind Down
The Win Zone, a sweepstakes casino backed by social gaming company PLAYSTUDIOS, is officially shutting down after operating for a little more than a year. The closure marks the end of one of the more notable entries into the sweepstakes casino market because it came from an established gaming company rather than a startup operator. Purchases have already been disabled, ...
Massachusetts Gaming Commission Opens Review Of AI Use Across Sportsbooks
Massachusetts regulators are preparing to take a closer look at how sports betting operators use artificial intelligence after reports raised questions about the technology's role in customer targeting. The move could place additional focus on how operators deploy machine learning and automated systems for marketing, player engagement, and responsible gaming initiatives. The Massachusetts Gaming Commission announced it plans to examine ...
Ohio House Bill 298 Renews Debate Over Sweepstakes Casino Future
Ohio lawmakers are considering legislation that could significantly change the state's online gaming landscape. House Bill 298 would establish a regulated online casino market while also prohibiting many sweepstakes-style gaming platforms that currently operate throughout the state. The proposal reflects a growing trend seen in several states where lawmakers are weighing the expansion of regulated internet gambling against the continued ...
North Carolina Regulators Target Underdog, bet365 Over Separate Compliance Lapses
North Carolina regulators have issued financial penalties to two licensed sports betting operators after separate compliance failures tied to player protection requirements. The actions involve Underdog Sports and bet365, with the operators collectively facing $250,000 in fines following investigations by state regulators. The penalties underscore the growing focus on compliance and consumer safeguards in North Carolina's legal sports betting market. ...
Texas Gambling Discussions Focus Elsewhere as Sweepstakes Casinos Avoid Scrutiny
Texas lawmakers are beginning to shape conversations around potential gambling policy changes, but sweepstakes casinos do not appear to be a central focus of the latest discussions. Recent reports indicate that Texas officials examining so-called gambling loopholes are directing more attention toward other areas of the gaming sector, including prediction markets and broader wagering concerns. While sweepstakes casinos have faced ...
Michigan Sportsbooks See Year-Over-Year Decline in August Handle
Michigan’s online sports betting market cooled slightly in August, with new figures showing both wagering activity and operator revenue declined compared to the same month last year. Data released by the Michigan Gaming Control Board showed sportsbooks accepted $330.5 million in wagers during August, a 2.5% decrease from August 2025 and the lowest monthly handle recorded since July 2025. While ...
Gavin Newsom Signs AB 831, Reshaping California’s Sweepstakes Casino Market
California has officially joined a growing list of states taking action against the sweepstakes casino industry. Gov. Gavin Newsom signed Assembly Bill 831 into law, creating a statewide ban on online sweepstakes casinos that use dual-currency systems allowing players to redeem prizes with real-world value. The legislation marks one of the most significant regulatory developments for the sweepstakes gaming sector ...
State Leaders Detail the Challenges Behind Expanding iGaming
The debate over legalized online casino gaming continues to gain momentum across the United States, but concerns about its broader impact remain a significant obstacle. During a recent industry panel, lawmakers from Ohio, Virginia, and Massachusetts shared their perspectives on the challenges facing iGaming legislation, including the possibility that online casinos could reduce revenue at traditional brick-and-mortar gaming venues. While ...
Ninth Circuit Kalshi Ruling Adds New Dimension to Sweepstakes Casino Debate
A recent federal appeals court decision involving prediction market operator Kalshi is drawing attention beyond the sports prediction space. While the case does not directly involve sweepstakes casinos, legal observers note that some of the court's reasoning overlaps with arguments currently being used in several ongoing sweepstakes-related disputes. The ruling stems from a challenge brought by two California tribal nations ...
Ohio Lawmakers Revisit iGaming With New Focus on Retail Casinos
Ohio lawmakers are again considering online casino legalization, but a newly discussed proposal takes a different approach than many existing iGaming markets. Rather than allowing operators to offer digital bonus credits and promotions directly through online casino platforms, the measure would encourage incentives that bring players into physical gaming properties. Supporters of the concept argue it could help address concerns ...
Connecticut’s Prediction Market Crackdown Raises New Questions for Sweepstakes Casinos
Connecticut’s recent enforcement action against prediction market operators is drawing attention beyond that sector, with some legal analysts suggesting the move could signal increased scrutiny of sweepstakes casinos in the state. The development comes as regulators across the country continue examining alternative gaming models that operate outside traditional casino and sportsbook frameworks. While Connecticut has not announced any direct action ...