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Gambling

Online sports betting operators form organization to promote responsible gambling

by Savannah Maher
Mar 28, 2024
Sports betting has had a surge of popularity in the U.S., even as star athletes have been implicated in gambling scandals.
Seven of the largest U.S. sportsbooks, including DraftKings, are forming the Responsible Online Gaming Association to share best practices for sports betting.
Justin Sullivan/Getty Images
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Sports betting is booming. So are calls to gambling addiction helplines.

by Henry Epp
Jan 23, 2024
Some advocates are calling for federal support to treat gambling addiction — and to enact limits on wagering apps.
Some fear an expansion of online sports betting is fueling gambling addiction.
George Rose/Getty Images
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In sale of Mavericks, Mark Cuban pushes for legalized gambling in Texas

by Elizabeth Trovall
Dec 5, 2023
The Texas legislature has kept sports betting illegal for now, but there's a massive amount of revenue to be made in the state.
Mark Cuban has expressed interest in a new stadium and casino in Dallas — but gambling is still illegal in Texas.
Lisa O'Connor/AFP via Getty Images
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Brick-and-mortar casinos set another quarterly revenue record

by Henry Epp
May 18, 2023
Sports wagering revenue is also up 70%, a sign of the gambling industry's strength.
The roulette wheel spins at Caesars Atlantic City in Atlantic City, New Jersey. The gambling industry raked in record profits last quarter, according to new data.
William Thomas Cain/Getty Images
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California voters will soon weigh in on sports betting

by Megan Jamerson
Nov 1, 2022
Several tribes are asking voters to pass a measure that would allow sports gambling on tribal lands and race tracks. Opponents say it could hurt card rooms.
The Gardens Casino is the economic engine of the city of Hawaiian Gardens in Los Angeles County. Some cities that rely on card room revenue are opposed to proposition 26.
Megan Jamerson
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Tax revenue vs. temptation: Legalized online sports betting creates a dilemma for problem gamblers

by Andy Uhler
Sep 6, 2022
Where mobile betting is legal, it accounts for 90% of all wagers, one expert says. Do the pros outweigh the cons?
“Americans have always bet on sports," says John Holden of Oklahoma State University.
Roslan Rahman/AFP via Getty Images
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The tribal gaming industry is bouncing back after pandemic closures

by Savannah Maher
Aug 11, 2022
Tribal casinos brought in a record $39 billion in 2021, a 40% increase from 2020. That will pay for government operations and social services in tribal communities.
Fresh demand for recreation and gaming, pent up during the pandemic, has helped casinos rebound.
Mario Tama/Getty Images
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Is the "hot hand" phenomenon all in our heads?

by David Brancaccio , Chris Farrell , Erika Soderstrom and Jarrett Dang
Mar 17, 2022
From basketball to investing, does success beget success?
From basketball to investing, does success beget success?
Lisa Blumenfeld/Getty Images
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COVID-19

One way for college athletics departments to make up for lost income: gambling partnerships

by Andy Uhler
Dec 16, 2020
It's an attractive — if contentious — revenue stream for schools.
A USC Trojan celebrates a sack of the ASU Wildcat quarterback in a nearly empty stadium on Nov. 14.
Christian Petersen/Getty Images
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Atlantic City benefits from early wager on legal sports betting

by Miles Bryan
Jul 29, 2019
Total gaming revenue at Atlantic City’s casinos is up about 20% on last year, but the city is now starting competition from neighboring states.
Bruce DeFino came from Long Island to place sports bets in Atlantic City.
Miles Bryan
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