Sports betting has “serious consequences” for Pro Players

“As a growing number of the various states move toward adopting legalized gambling, the sports leagues have concerns. The players associations do, too.

There are serious consequences, particularly for the athletes,” NFL Players Association V.P. for business and legal affairs Casey Schwab told David Purdum of ESPN.com. “Because of those consequences, the athlete’s voice must be heard, particularly as we contemplate sports betting in the country.”

The athlete’s voice can be heard, but the entities setting up the wagering programs don’t necessarily have to listen. For years, don’t-call-it-gambling-gambling on fantasy football has existed, with individual player performance residing at the heart of the process. And the athlete’s voice hasn’t been heard…”

Source: NFLPA exec: Sports betting has “serious consequences” for players

New Sports Show to Air on TVG

The Barstool Sports Advisors to Debut this Sunday

TVG, America’s national horse racing network and an affiliate of FanDuel Group, announced the launch of its first ever live, integrated Sunday morning sports betting pregame show, More Ways to Win, and the premiere of Barstool Sports new syndicated program, The Barstool Sports Advisors.

“The expansion of our Sunday morning programming, including our partnership with Barstool Sports, will bring a whole new audience to our network for a mix of sports betting, news and daily fantasy content that’s relevant to their interests,” said Kip Levin, CEO of TVG Network and COO of FanDuel Group. “Our Sunday morning programming will now offer up-to-the-minute sports betting information, football news, and expert opinions and insights to complement our customary coverage of the best in live horse racing from around the world. The integration of fantasy and sports betting content into our television assets provides a unique, unmatched marketing platform for the FanDuel Group.”

Beginning at 10 AM ET on Sunday, September 9, TVG will debut The Barstool Sports Advisors, a look at the Sunday slates in a way that only Barstool Sports can deliver. The show will be hosted by Barstool Sports personalities Daniel “Big Cat” Katz, Stu “The Source” Feiner, PFT Commenter, and Barstool Sports founder, Dave Portnoy. The thirty-minute syndicated program will be followed by a separate thirty-minute show exclusive to TVG.

“I’ve been a fan of TVG forever and I’m excited to bring Barstool Sports to the network,” said Dave Portnoy, founder of Barstool Sports.

Skill or Chance fantasy sports

DALLAS – DEC 14: Taken in Texas Stadium on Sunday, December 14, 2008. Dallas Cowboys Quarterback Tony Romo waits for the snap from the center.

The Barstool Sports Advisors will lead in to TVG’s newest studio show, More Ways to Win, which will premiere Sunday, September 9 at 11 AM ET. The live two-hour studio show, hosted by former ESPN and SportsCenter anchor Lisa Kerney, will prepare viewers for Sunday’s games and races with a mix of football news, sports betting information, fantasy news, and live data integration all in one program. More Ways to Win will translate the news of the day into actionable items for sports betting and fantasy consumers. In another groundbreaking move, More Ways to Win will feature live reports from the FanDuel Sportsbook at the Meadowlands Racetrack in New Jersey, putting viewers at the center of the action at the only US sportsbook next to a professional football stadium. Additionally, the show will include horse racing from the biggest tracks in the United States, with TVG experts providing commentary.

Kerney will host More Ways to Win, quarterbacking an experienced team of sports experts. Dani Klupenger, a seasoned football host and sideline reporter, will keep viewers up to date on the latest news and Fox Sports 1’s Jason McIntyre will provide analysis and sports betting information that every sports fan will need for the day. TVG’s Dave Weaver will report live from the FanDuel Sportsbook at the Meadowlands Racetrack, and Brandon Funston of The Athletic will provide fantasy news and insights.
“Our goal is that More Ways to Win will revolutionize sports betting news and information in the same way CNBC changed television coverage of the stock market,” said Kevin Grigsby, Executive Producer of More Ways to Win and Senior Vice President of Content Development at TVG. “TVG’s proven experience with live sports programming, along with our world-class cast of talent will make More Ways to Win an innovative Sunday offering for any sports fan waiting for kickoff.”

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Available in a combined 60 million homes, More Ways to Win, The Barstool Sports Advisors, and all of TVG and TVG2’s content is available on Apple TV, Amazon Fire, and Roku via the new Watch TVG App. The international racing programming previously shown in the Sunday 11 AM ET timeslot on TVG will now be available on TVG2.

New TVG Lineup on Sundays

The Barstool Sports Advisors 10:00 AM ET
The Barstool Sports Advisors After Show 10:30 AM ET
More Ways to Win 11:00 AM ET
TVG Horse Racing 1:00 PM ET
More information on More Ways To Win hosts:

Lisa Kerney is formally a sports anchor and reporter at ESPN. Lisa anchored SportsCenter, Fantasy Football Now during the professionall football season and hosted ESPN’s first-ever internal podcast called “Stay Curious with Lisa Kerney.” Kerney joined ESPN in February 2014 as a studio anchor, appearing on various shows across several ESPN platforms.

Fox Sports 1’s Jason McIntyre is a TV host on FS1’s “Speak for Yourself” and hosts a Fox Sports Radio Show on Saturdays at 10 am. He is the founder of The Big Lead, a sports website that was acquired by Fantasy Sports Ventures in 2011. Previously, he was an award-winning writer at the Bergen Record (NJ), and a reporter and editor at Us Weekly.

Dave Weaver is a television host, reporter and analyst for TVG, America’s horse racing network, since 1999. Dave has covered major events such as the Preakness Stakes, Belmont Stakes, Breeders Cup World Championships and Hambletonian. Professional handicapper and part-owner of 3-time Breeders Cup participant War Story, which won $2.6M in earnings.

Dani Klupenger is a reporter for both professional and college football. She currently covers the Seattle Seahawks for NBC Sports Northwest and the college sidelines for Stadium Network. She previously was the team reporter for the Los Angeles Rams, preseason sideline reporter for CBS-LA and co-hosted “What The Hekk” on ESPN Los Angeles radio. A former Division-1 basketball player, Klupenger also has contributed as an analyst and reporter for various networks such as the SEC Network and ESPN3.

Brandon Funston is a fantasy expert/editor for The Athletic. One of the original online “faces of fantasy sports,” Funston has been working with leaders in the industry for more than 20 years – formerly with ESPN and Yahoo. In 2011, his work was recognized with induction into the Fantasy Sports Writer’s Hall of Fame. Funston, who also produces The Fantasy Record podcast and co-hosts a weekly fantasy football show on Sirius XM radio, resides in the Pacific Northwest with his wife and two kids.

*The debut of The Barstool Sports Advisors is subject to pending regulatory approval.

The Future Of Kentucky Sports Betting Legislation Is Underway

The Future Of Kentucky Sports Betting Legislation Is Underway Legal Sports Report

Source: The Future Of Kentucky Sports Betting Legislation Is Underway

Sports Wagering and Impact on Horse Racing symposium at Keeneland

Sports Wagering and Impact on Horse Racing symposium this Thursday

BloodHorse and Breeders’ Cup Ltd. announced today that they will present a “Sports Wagering and Impact on Horse Racing” symposium on Thursday, September 6, in the Keeneland Sales Pavilion in Lexington, Ky. Other sponsors of the symposium include Keeneland, the Kentucky Thoroughbred Association, Sportech, Equibase, and the Thoroughbred Owners and Breeders Association. Additional promotional support is provided by the National Thoroughbred Racing Association (NTRA), American Quarter Horse Association, United States Trotting Association, National Horsemen’s Benevolent and Protective Association, and TVG.

The symposium will take place from 3 – 6 p.m. and is free to the public. Those who would like to attend must register at bit.ly/BH_SWS. Space is limited, so register quickly.

In May, the United States Supreme Court overturned the Professional and Amateur Sports Protection Act, thus allowing for sports betting to be legalized in states across the country. Since the ruling, racetracks in New Jersey and Delaware have begun accepting sports wagers, and other states and racetracks are looking to adopt sports betting in the near future. According to a 2018 report by McKinsey & Company, wagers from sports betting could exceed $120 billion by 2023.

The symposium will be organized in a town hall format with sessions focused on economics, politics, and the consumer. Each session will feature a moderator and experts in the field. Confirmed speakers include:

· Alpine Group – Greg Means, Principal and Lobbyist for the NTRA

· FanDuel / TVG – John Hindman, General Counsel

· Monmouth Park – Bill Knauf, Vice President of Business Operations

· Sportech – Victor Bigio, Consultant, Sports Betting Business Development

· The Stronach Group – Ed Hannah, Vice Chairman

· William Hill – Daniel Shapiro, Vice President of Strategy and Business Development

· National Basketball Association – Dan Spillane, Senior Vice President, League Governance and Policy

· Senator Damon Thayer (R-KY)

“In keeping with our dedication to Thoroughbred breeding and racing, we are delighted to be partnering with Breeders’ Cup and Keeneland to provide the most up-to-date insights on the opportunities and challenges relating to sports wagering and its impact on the Thoroughbred industry,” said John K. Keitt Jr., CEO, publisher, and editorial director of BloodHorse.

“We are very pleased to join the BloodHorse in presenting this symposium on the emerging legalized sports wagering phenomenon,” said Craig Fravel, Breeders’ Cup president and CEO. “As an industry, we are keenly aware of the potential expansion of sports betting in the gaming marketplace and look forward to the public gaining insights from our distinguished panel of speakers at Keeneland in September.”

Press Release

Huge July 2018 for Sportsbook Betting in New Jersey

New Jersey’s sportsbooks did not disappoint in their first full month of operation, increasing wagers dramatically in June while nearly doubling the number of open sportsbooks to five. Such an increase was to be expected and a sign of what lies ahead, according to analysts for PlayNJ.com.

“Considering the rate at which sportsbooks are opening in New Jersey, it is certainly not surprising to see a steep increase in revenue and the amount of money wagered,” said Dustin Gouker, lead sports betting analyst for PlayNJ.com. “The underlying data points are impressive, though. And it’s important to remember that this is the industry’s infancy. A mature, fully established New Jersey sports betting market could field billions of dollars in annual wagers.”

New Jersey’s sportsbooks generated $3.8 million in gross revenue on $40.7 million in wagers in July, according official reporting released Tuesday. Both metrics are up from the $3.5 million in gross revenue generated in June on $16.4 million in wagers completed.

The first full month of operation for Monmouth Park, Borgata, and Ocean Resort Casino — which all opened June 14 or later — and the addition of two new sportsbooks in July were the key drivers to the growth.

FanDuel Sportsbook at Meadowlands Racetrack opened on July 14, placing a legal sportsbook on the doorstep of New York City. Caesar’s Entertainment opened the sportsbook at Bally’s Atlantic City on July 30, and later opened the book at Harrah’s Atlantic City on Aug. 1.

Of the existing books, Ocean Resort led the way with $1.03 million in gross revenue by generating $33,444 per day. Ocean Resort opened June 28. Monmouth Park tallied $856,280 in July gross revenue, generating $27,622 per day. That was down from $142,448 per day in June and $2.3 million in gross revenue in 16 days of operation. Borgata tallied $562,280 in July revenue, up from $986,831 in June, and $18,138 per day.

“Revenue growth slowed at the existing books, but we expect it to hasten once football begins later this month,” Gouker said. “August will be fun to watch, as it will give us our first full month-over-month comparisons.”

The new sportsbooks fared well. FanDuel Sportsbook posted $1.35 million in July gross revenue, leading all books by generating $43,790 per day. Bally’s AC generated $17,788.

The addition of legal sportsbooks should only continue. Resorts is expected to open its sportsbook in days, and at least three more are in either the planning or construction phases. In addition, DraftKings became the first operational online sportsbook earlier this month.

“By the end of the year, New Jersey should have perhaps as many as a dozen online sportsbooks,” Gouker said. “With football season coming soon, we expect the pace of conventional and online sportsbooks entering the market to only increase.”

LEGAL ONLINE GAMBLING

New Jersey’s legal online gambling industry continued its winning streak, too, generating a record $25.9 million in gross revenue in July, up 14.2 percent from $22.7 million in June. A 25.8 percent increase from $20.6 million in July 2017, July 2018 marks the 45th consecutive time that monthly gross revenue has increased year-over-year.

Legal online gambling has generated an average of $23.6 million a month and $165.4 million in annual revenue so far this year, putting the industry on pace to shatter the $245.6 million annual revenue mark set just last year. And with online sports betting set to take off in August, the rate of growth should only increase.

This has proven to be critical to once struggling Atlantic City.

“Atlantic City casinos cracked 30,000 employees for the first time since 2014, proving once again that online gambling hasn’t cannibalized New Jersey’s land-based casinos,” said Steve Ruddock, lead online gambling analyst for PlayNJ.com. “Add more than $155 million in additional tax revenue that online gambling has generated since it began in 2013, and online gambling has proven to be an unqualified success.”

Some other important online gambling metrics from the July report:

With July’s collection of $4.5 million in tax revenue, online casinos have now generated $155.4 million for New Jersey since the industry was born in November 2013.

Now with $887.9 million in lifetime revenue, the industry could hit the $1 billion mark by the end of the year.

The industry generated $835,404 per day in the 31 days in July, up from the 756,136 per day in the 30 days in June.

Market leader Golden Nugget — home to the Golden Nugget, Betfair, and SugarHouse online casino brands — generated a record $9.3 million in July, up from the $8.4 million gathered in June.

Online casino games generated $24.04 million in July, up from $20.9 million in May. Online poker hit $1.9 million in June, up from $1.8 million in June

Newcomers Hard Rock Rock Atlantic City generated $329,650 and Ocean Resort Casino tallied $249,805 in July.

For more information and analysis on regulated online gaming in New Jersey, visitPlayNJ.com.

source: Press Release

How daily fantasy sites FanDuel and DraftKings are taking aim at world of sports gambling

How daily fantasy sites FanDuel and DraftKings are taking aim at world of sports gambling

Hastings Tribune Full coverage

Source: How daily fantasy sites FanDuel and DraftKings are taking aim at world of sports gambling

Sports Betting May Not Happen Quickly Despite SCOTUS Ruling

Sports bettingDespite the state Legislature paving the way for sports gambling almost five years ago, regulators in New York tasked with implementing a framework for the industry appear to be in a holding pattern following a decision by the U.S. Supreme Court to strike down a limit on the states that can offer sports gambling.

Source: Sports gambling maybe not imminent despite SCOTUS ruling

NJ horse racing group sues major sports leagues over bet losses

The action filed by the New Jersey Thoroughbred Horsemen’s Association claims the leagues acted in bad faith when they sought a restraining order in 2014 to block Monmouth Park Racetrack from offering sports betting, because the pro leagues were actively promoting and endorsing businesses that made millions from fantasy sports games that rely on …

Source: NJ horse racing group sues major sports leagues over bet losses

A Study to Prove Daily Fantasy Sports is a Game of Skill?

Daily Fantasy Sports is a Skill Game, We Have a Study to Prove It

“Now we have proof – real analytical, data-driven, published proof – that DFS is indeed a game of skill.  This study states that it’s backed by arguments and logic used in basic statistics and probability theory….”

JD Supra (press release) Full coverage

Source: Daily Fantasy Sports is a Skill Game, We Have a Study to Prove It

Justify’s Win Illustrates a Major Problem in Horse Racing

By Charles Simon

Justify ran his eyeballs out in winning the Preakness and, truly, he has done some amazing things by being pushed to the limit in a modern racing world where risk taking is seemingly a foreign concept. He is headed to Belmont with a chance to win a quite unique version of the Triple Crown. However, one of the biggest underlying issues of horse racing is being exposed during this fantastic and rapid ascent by Justify.

The very top of racing is polluted with conflicts of interest, with too few horsemen training all the best horses for a narrow group of very wealthy people that have increasingly chosen to join together rather than compete against each other. When Triple Crown-runs and our most important races are now potentially compromised because of that situation, how much longer until the validity of the results of the sport are questioned?

Derby144 workout Justify at Santa AnitaAx Man won the Sir Barton over the same track as Justify did on Saturday with a better speed figure (99 to 97). Does that mean he would have won Preakness or is better than Justify? Absolutely not, but it does mean that him not participating in the Belmont Stakes because his trainer is shooting for a Triple Crown with a different horse is a little unsettling. I completely understand why they wouldn’t run, but it’s still an uncomfortable situation to try to explain away.

Audible might have won the Preakness considering the 1/2 length margin that Justify won by over clearly inferior horses with running styles very similar to Audible’s running style. If Audible who is owned by the same group that owns Justify doesn’t run in the Belmont and goes on to be the best three year old post-Triple Crown season, it could be the first modern day Triple Crown that comes with an asterisk.

Sure, Justify is a great horse who will have earned it if he completes the Triple Crown with a Belmont win but having potentially two of the arguably top five, healthy three year olds not competing because everyone seems to be on the same team… well, to be kind, it is not a ‘good look.’ We have no idea if they could beat him but the whole idea of racing is to race to see if they can.

These are our very best and most important races, and they are increasingly fraught with conflict of interest which are more readily apparent because of the spotlight focused on the Triple Crown. Think about how compromised our regular graded stakes can be affected in a similar though more subtle manner? We won’t even go into regular overnight races and the issues created there.

The entire premise of the sport of horse racing is competition. “My horse is better than yours. Let’s prove it on the track”. The more bastardized the top of the sport becomes, the more the foundation of the entire game is weakened. If this past week’s white-hot debate over the ‘future of racing in a sports betting legalized world’ doesn’t make this situation even more troubling, you just aren’t paying attention.

Imagine if the owners of the Golden State Warriors bought a 20-percent stake in the Houston Rockets before the Western Conference Finals? How do you think that would go over with sports fans? And our sport is supported by people BETTING on it!

 

  • Charles Simon is a successful, veteran trainer based out of South Florida.

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