SportsHandle: That was the week in US sports betting

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SportsHandle and friends provide another roundup of the week’s big developments in US sports betting.

California poll shows strong support for the operators’ sports betting initiative

Results of a summer poll in support of California’s newest sports betting initiative show broad – albeit partisan – support for the California Solutions to Homelessness and Mental Health Support Act, which is backed by a group of seven major betting or sports betting companies .

According to the David Binder Research poll, 62% of voters polled July 14-22 said they would support the initiative, while 25% said they would oppose it. The rest are undecided. In California, an initiative only takes a simple majority.

The whole story here.

Underdog Fantasy aims to turn the sports betting industry upside down

Jeremy Levine founded StarStreet, a daily fantasy site that was quickly devoured by DraftKings and then put to the pasture. Levine then started a second daily fantasy site – DRAFT – and that was eventually bought by Paddy Power Betfair who then bought FanDuel who then merged DRAFT with Fanduel before finally coming out from behind the woodshed.

But Levine wasn’t done yet and launched Underdog Fantasy in February 2020 with much of the same team that first launched DRAFT. And Underdog started this year with Best Ball tournaments at the top.

The whole story here.

DraftKings makes a $ 20 billion proposal to acquire UK company Entain

DraftKings has submitted a cash and share proposal to take over Enttain plc, the Entain board of directors confirmed on Tuesday.

While Entain’s board of directors confirmed that the proposal included a combination of DraftKings stock and cash, Enttain did not disclose any financial terms of the proposal. According to CNBC, which first covered the news Tuesday morning, it is a $ 20 billion proposal from DraftKings for the British gambling company.

The news comes after Entain rejected an attempt in January to acquire all of MGM Resorts’ shares, which valued the company at $ 11 billion. Entain, which has a 50 percent stake in BetMGM, a sports betting and online gaming joint venture with MGM Resorts, said in January that the offering was “significantly undervalued”[d] the company and its prospects. “

The whole story here.

Flutter’s Limiting Under-25 Betting in the UK and Ireland. Could this happen here?

I’m embarrassed to say that there was a bit of Martingale involved, but you know this: I was playing at full speed the other day and playing online casino games – which I usually only play for promotional money and the like – and I ended up losing a little more than 1% of my sports betting and DFS bankroll.

Ruinous? Barely. But today, 72 hours later, it still pisses me off. Not that I lost; that I can deal with. That’s how I lost.

The whole story here.

Michigan Bettor raked in $ 133,000 for failed 16-team parlay despite losing Lions

A sports bettor who needed the Detroit Lions to beat the Green Bay Packers on Monday Night Football to hit a mammoth 16-team game that eventually paid off the bet.

After mastering the first 15 legs of the massive parlay, the Michigan bettor pocketed $ 726,959 for the $ 25 risk-free bet after the Lions gained the upper hand at Lambeau Field on Monday night. As a token of goodwill, BetMGM decided to reward the bettor with a pre-tax payout of $ 133,000. BetMGM released the parlay on Monday after the Ravens rallied to defeat the Chiefs 36-35 in Sunday Night Football.

The whole story here.

A few words of caution as the sports media are all pushing for sports betting

What four years ago was taboo for most mainstream sports media or banned into coded language and off-Broadway programming is now so integral to sports discourse that major players have to learn the language – without delay.

That is the essence of the “embarrassing” social media admission that ESPN personality Sarah Spain, co-host of the national radio show Spain, and Fitz, a SportsCenter reporter and columnist for espnW, made on Tuesday. Spain has been a fixture on ESPN radio since 2015 with a handful of co-pilots and also announced that it has joined the Diversity, Equity & Inclusion Committee of PointsBet Sportsbook, run by ex-golfer and broadcaster Notah Begay.

The whole story here.

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