Sports

Paddy Power’s land-based sports betting operations are shrinking. As more bettors choose online platforms for placing wagers, the Flutter Entertainment-owned company will shutter at least 13 shops in Ireland.

In new, sweeping coverage of gaming equities, JMP Securities analyst Jordan Bender highlights downtrodden DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) as two of the stocks offering investors significant upside potential.

Maryland online sports betting won’t likely begin in time for the kickoff of the 2022-23 NFL and college football seasons. That’s the latest from the state agency handling the application and licensing process regarding mobile sportsbooks.

The NBA-to-Las Vegas rumor mill may be poised for closure, and a lengthy one at that, as Commissioner Adam Silver refuted the notion the league will be expanding over the next several years.

A legislative effort to bring regulated sports wagering to Kansas hit an unexpected roadblock Tuesday. That’s when a lottery-related amendment failed on two occasions.

Last year, BetMGM took a small amount of wagers on New Jersey college basketball teams. But the state prohibits bets on games involving local universities, leading to a fine for the gaming operator.

Tiger Woods and Phil Mickelson have eight green jackets between the two of them, so the betting enthusiasm behind the two World Golf Hall of Fame members for next month’s Masters isn’t exactly surprising. What is surprising is that substantial wagers continue to roll in on the two, despite little chance of either teeing it up April 7-10 at August National.

New York’s top gaming lawmakers are teaming up for a proposal that would greatly overhaul how mobile sports betting operates in the state. Not only do they want to expand the number of operators, but they also want to reduce taxes, allow write-offs, and include more minority representation in the industry.

On Monday, the NFL announced Atlanta Falcons wide receiver Calvin Ridley is suspended for at least the 2022 season for placing wagers on league games, including at least one involving his team. In the aftermath of that news, it appears both a data provider and a gaming company played parts in assisting the NFL in its investigation.