Weekly Sports Betting News Roundup: New York Booms With March Madness  

A detailed view of the March Madness logo. Emilee Chinn/Getty Images/AFP.

Since January, avid wagering geeks have eagerly waited for the New York State Gaming Commission’s weekly report on the mobile New York sports betting report released every Friday. 

However, last Friday’s recap was prolonged until Monday of this week. It showed a sports betting handle incline of 5.3% ($428m) for the week ending March 20. The report incorporated the first 7 days of March Madness wagers, it wasn’t a massive rise, but the previous week additionally involved upheaved college basketball betting with conference tournaments. 

FanDuel revealed its handle had doubled the overall handle throughout the first two rounds of the NCAA tournament compared to the Super Bowl. 

Operators Make Final Move for Ontario License Before Launch 

Certain sportsbook operators are still awaiting their licenses before Ontario officially launches its online sports betting on April 4. 

Numerous licenses were granted last week. BetMGM received an operating permit as well as a supplier for Kambi. Penn National’s theScore Bet additionally began the pre-registration process. 

Google LLC started providing advertisements for sportsbooks that are already regulated throughout Canada. 

New Jersey Betting Ban Scolds BetMGM 

BetMGM suffered from the in-state college betting ban for New Jersey bookmakers during March. New Jersey owns some of the most stringent laws on in-state events, banning wagers involving the NJ-based colleges and all the college games inside the state. 

A meeting in Atlantic City was available to bet on for around 40 minutes. The game was indexed with a neutral venue, and the automatic checking system failed to pick up on this error. 

Elsewhere, a trader from Australia built a parlay with Rutgers as one of the legs – he did not know the college was in NJ – and he was removed from the company. 

BetMGM accepted a $25k fine. 

California Sports Wagering Campaign Heats Up 

California will have one option to assist the legalization of sports wagering on the November ballot, and still, cardrooms are battling to ensure it doesn’t pass. 

The cardrooms present a valid argument, stating that legal sports betting would put more than 30,000 people out of their job, and an impact of $5 billion on the economy would follow. 

However, the fight isn’t solely based on sports betting. The initiative would allow the tribes of California to seek legal action against the cardrooms that offer certain types of card games. 

Multiple tribes are funding advertisement campaigns to battle the operator-supported online sports betting initiative.