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    Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta.Paul R. Giunta | Invision | AP Sports e-commerce company Fanatics is growing quickly, but it's still nowhere near where it aims to be. Recently, the company said, it reached a $27 billion valuation and it wants to grow into a $100 billion empire over the next 10 years. Its recent funding round, which included $320 million from the NFL, is making its investors optimistic. The NFL, MLB, NBA, NHL, MLS and various players unions have a combined stake in Fanatics worth $5 billion, according to people familiar with knowledge of the company's business. The people spoke to CNBC about the company on condition of anonymity, as Fanatics doesn't publicly discuss its finances. Fanatics is a major hub for sports merchandise such as jerseys and other apparel, as well as sports-themed home, office and automotive consumer products. It could get a boost as governments lift Covid restrictions and allow more fans to attend games. The company is expanding into online sports betting, too. CEO...
    DENVER (CBS4) – Colorado continues to see record numbers from sports gambling as the emerging industry starts its second football season. “What’s clear to me is that the market hasn’t plateaued yet and so I keep waiting for the numbers to sort of balance out, but they haven’t yet,” said Rep. Alec Garnett, the Speaker of the House, and legislator who helped lead the bipartisan sports gambling law in 2019. READ MORE: Wildfire Sparks In Ptarmigan Wilderness Above Town Of Silverthorne While taxes have been generated from the $3 billion wagered since betting went live in May of 2020, Garnett says other benefits have come to the state. (credit: iStock/Getty Images) “Over 1,000 jobs because of a couple of companies that have moved here and decided to open up shop here in Colorado. For the most part I think Coloradans should feel good about where this is at,” Garnett said. On Monday, the state announced nearly $212 million was wagered in August. Huge increases from the previous month and the same time a year before. Experts say the money wagered...
    BOSTON (CBS) – A joint committee will hold a virtual hearing Thursday on 19 different bills related to sports betting in Massachusetts. Governor Charlie Baker first introduced a bill more than two years ago for a plan that would raise an estimated $35 million in local aid and does not allow for college sports betting. READ MORE: Global Internet Outage Linked To Cambridge-Based Akamai The U.S. Supreme Court ruled that states can legalize sports betting back in 2018, but Massachusetts has not yet joined neighboring New Hampshire or Rhode Island in allowing it. READ MORE: Coronavirus In Massachusetts: Todays Developments The latest step comes Thursday in a virtual hearing at 10 a.m. at the State House, where there will be a joint committee hearing on several “Sports Wagering Bills,” including the one put forward by Baker. MORE NEWS: It Happens Here: Audubon Nature Center In Mattapan Offers Chance For Kids To Learn And Play According to a recent poll that was commissioned by Plainridge Park Casino and Encore Boston Harbor, 61 percent of the state strongly or somewhat supports legalized...
                        Sports betting in Virginia launched January 21, and Virginians have already wagered $865 million, according to press releases from the Virginia Lottery. In April, Virginians wagered $236.43 million according to a May 28 press release. “Virginia is actually on pace to be the fastest state to reach $1 billion in sports betting handle. Tennessee is the current record holder and needed six months to reach the milestone. But Virginia will need just about four months to eclipse the 10-figure mark. It’s a real testament to the vitality of the market,” PlayVirginia.com Site Runner Dann Stupp told The Virginia Star. April’s numbers are down 22 percent from March’s $304 million, numbers driven in part by college basketball “March Madness,” according to the Virginia Lottery press release. In April, Virginians won $216.99 million and Virginia collected $1.65 million in taxes. 97.5 percent of the taxes go to Virginia’s General Fund and 2.5 percent go into the Problem Gambling Treatment and Support fund. Stupp said college basketball and the Super Bowl...
    We’ve taken the past two weeks off in the Tuley’s Takes home office as we spent spring break with the kids and, well, doing some spring cleaning. If you follow me on Twitter @ViewFromVegas or my daily betting recaps that are posted in VSiN’s daily newsletter, you know that I’ve still been keeping up on everything in the world of sports despite being on vacation. I almost returned last week when Bill Adee sent out a message early in the week asking for “what we’ve learned so far in the baseball season,” but I didn’t feel I had anything worth sharing. Then underdogs went 10-6 straight up last Tuesday with one game (A’s-Diamondbacks) closing pick ’em. That was followed by underdogs going 11-3 SU on Wednesday for a two-day run of 21-9 for 70 percent! Even more impressively, that made favorites and ’dogs 84-84 SU on the season with six games closing pick ’em. I always try to remind readers that they might see slightly different ATS betting results elsewhere but that mine are compiled from the average closing...
    MINNEAPOLIS (WCCO) — Two Minnesota lawmakers will introduce a bill this week to legalize sports betting. Gambling on games is currently legal in almost half of the United States, including Iowa and South Dakota. Republican Rep. Patrick Garofalo, who is co-sponsoring the bill with Democratic Sen. Karla Bigham, says if Iowa can do it, why can’t Minnesota? “Allow consumers to have a safe experience, have good consumer protections, and at the same time defunding some organized crime that might be taking place with that money,” Garofalo said. He says revenue isn’t a primary motivator for legalizing, but he estimates sports gambling could bring in $40 million to $50 million a year to the state. (credit: CBS) “Americans like to bet, Americans like sports,” Garofalo said. “You combine them together, it’s a natural activity.” At Mac’s Industrial Sports Bar in Minneapolis on Sunday, football fans expressed their support of the idea. “Sometimes I go to the casino and bet on cards, so what’s the difference between betting on cards and betting on players?” said Sawyer Merry of Minneapolis. Terrance Lynch of...
    VIDEO6:0406:04Caesars Entertainment CEO discusses ESPN partnershipClosing Bell Caesars Entertainment CEO Tom Reeg told CNBC on Monday that the further legalization of sports betting is one of the biggest growth opportunities for the gaming industry in perhaps over two decades.  "This is an enormous opportunity. I'd liken it to when states outside of Nevada and New Jersey started to legalize riverboat casinos in the '90s," he said "Closing Bell." Reeg's comments came shortly after Disney-owned ESPN announced it had struck an agreement that makes Caesars, through its sports betting partner, William Hill, a co-exclusive a partner for gambling link-outs from ESPN. Shares of Caesars, which have been hurt in 2020 as a result of the coronavirus pandemic, closed higher by more than 10% Monday to $55.39 each.  "We think there's a lot of money to be made here over time, and we're seeing a lot of interest from non-gaming operators," Reeg said of legalized sports betting. "This ESPN agreement being the latest evidence of that."  As part of Monday's multi-year deal, Caesars Sportsbook by William Hill also becomes a sponsor of ESPN's fantasy sports...
    CICERO, Ill. (WLS) -- Illinois' oldest horse racing track is now poised to become the first track to have a casino.On Thursday, Hawthorne Race Course cleared a critical hurdle with the Illinois Gaming Board while also being approved for sports betting.The decision by the Illinois Gaming board breeding more than just goodwill at Hawthorne Race Course this afternoon."It's a great day for Illinois horsemen, breeders, owners, trainers, everyone involved in this business, and thoroughbreds as well. It's a fantastic day," said Angie Coleman, a trainer.By finding the course owners "suitable" the Gaming Board effectively gave them approval to build a casino.The goal is to be up and running by the end of 2021."We'll have a full blown casino- I mean it's slots, it's table games, we'll have dining amenities featuring some of Chicago's, you know, well known culinary brands. Plus racing which no other casino has. So, we're really excited for the first racing casino," said Dakota Schultz, the Director of Communications at the Hawthorne Race Course.Under Illinois Law about 18% of the casino's revenue will be go directly into...
    Applications for sports betting licenses are expected to start being accepted in October and licensed mobile platforms could start offering the first legal wagers on sports in Virginia in January 2021. Members of Virginia’s Lottery Board, which was assigned regulatory responsibility for expanded gaming by the 2020 General Assembly, were briefed at a virtual public meeting Wednesday on the initial draft regulations for online sports betting. Proposed licensing and consumer protection regulations were posted Wednesday on the Virginia Lottery website, with rules governing operational matters to be released in August. Those interested in submitting feedback on the regulations before the close of the public comment period in September can do so through the Lottery General Notice board online. The sports betting legislation requires the state Lottery Board to adopt an initial regulatory framework for sports wagering by Sept. 15. “The General Assembly was clear in its expectations for the Lottery to build a regulatory framework around sports betting on an expedited timeline, and we are committed to adopting responsible rules of the road in a timely and transparent way,” said...
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