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?»?The Week In Sports Betting News: VA Sportsbooks Continue Piecemeal Rollout.
Happy Monday , everyone. There was plenty of interesting sports betting news last week despite GameStop and retail stock market investors dominating headlines.
The latest LSR Podcast discussed the two recent US sports betting launches in Michigan and Virginia . The team also discussed the recent trend of buying daily fantasy sports companies.
Make sure you??™re following @LSPReport on Twitter as well for breaking news updates.
Top sports betting story: Virginia sports betting continues slow rollout.
Sports betting in Virginia launched Jan. 21, but there still are just four operators live.
BetMGM and BetRivers joined FanDuel Sportsbook and DraftKings Sportsbook in the market last week. BetMGM received an untethered mobile license while BetRivers launched under Rush Street ??™s eventual casino license.
It would appear William Hill is next in line, with Caesars Virginia receiving its permit Wednesday. After that, who knows when we??™ll get the next bit of sports betting news from the state: The Virginia Lottery is keeping the process very secretive with licensee information only available as its website updates.
Tennessee gets two more sportsbooks as well.
It??™s go time for William Hill and WynnBET in the hot Tennessee sports betting market ??“ but not until after the Super Bowl .
Both operators received approval at Friday??™s Tennessee Education Lottery special meeting but have more to do before they can launch. Tennessee is also still waiting for Churchill Downs ??? TwinSpire to join the market.
The four launched sportsbooks ??“ Action 24/7 , BetMGM, DraftKings and FanDuel ??“ are likely thrilled to be the only operators so far. Tennessee??™s online-only market set a launch record with $131.4 million in handle in November followed by $180.9 million in December .
Those two months combined for $27.1 million in operator revenue.
Northeast states staying busy on sports betting.
Maybe there??™s something more to the water in the Northeast than just making perfect bagels and rolls.
Connecticut and Massachusetts are both trying to legalize sports betting while New York is taking a step forward and back simultaneously.
Sports betting in Connecticut is a bit tricky because of the gaming exclusivity granted long ago to the Mashantucket Pequot and Mohegan tribes. All sides called for compromise at a hearing last Tuesday, but no one seems ready to make a sacrifice first.
Massachusetts sports betting is again supported by Sen. Brendan Crighton , who reconfigured his 2020 bill with higher upfront fees that would generate tens of millions for the state.
And then there??™s New York. Sports betting in New York is already legal, but only through retail casinos. For questionable reasons, Gov. Andrew Cuomo and his team think the best option is to limit the market to potentially just one mobile operator.
Nevada sports betting handle falls in 2020.
Fewer people traveling and an upended sports calendar because of the coronavirus handed Nevada ???s sportsbooks a 20% dip in annual revenue and 19% decrease for handle.
Revenue for the full year was $262.8 million , about $7 million behind the leader, Pennsylvania . Handle was $4.3 billion.
Part of the decline can be blamed on Nevada??™s market since it requires in-person registration for mobile wagering accounts.
Investor Ader talks gaming SPACS.
Jason Ader called FanDuel and PokerStars parent company Flutter the potential Tesla of the gaming industry, and detailed some of his potential SPAC targets in an LSR Q+A .
Ader, who had two SPACs more than a decade ago and recently raised $275 million through Capital 26 , is currently considering four targets.
Ader also touched on why he thinks MGM Resorts will eventually buy its BetMGM partner, Entain , and likened some current SPAC management teams to old Fords instead of Ferraris or Rolls Royces .
Elsewhere, LSR??™s Brad Allen also dove into how mergers and acquisitions could change the shape of US sports betting this year.


Latest Betting News.
We provide daily sports betting news for the United States market. We cover the news relevant to the legality of betting in the United States. We focus on online sports betting , but also cover daily fantasy sports, online casino, online poker, online lottery and horse racing. We provide progress updates on legislation in each state, industry partnership, interviews and more.
We provide opinion pieces and editorial articles on the industry. We cover odds and analysis for the NFL, NBA, MLB, NHL, PGA and a number of other sports. Our latest addition is an eSports news category.


Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
The number of Illinoisans seeking help for problem gambling has almost doubled since legislators approved a massive gambling expansion in 2019. Experts expect that number to keep growing.
Share this story.
Share this on Facebook Share this on Twitter.
Share All sharing options for: Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
A man who requested that he only be identified as Anthony stands by a window in a high-rise condo near Soldier Field on Friday. The Tinley Park man is a recovering sports gambling addict. Tyler LaRiviere/Sun-Times.
Thousands of football fans will be placing their first legal Super Bowl bets in Illinois this weekend, and for most, a little action will make the big game just a bit more entertaining.
But, for some, it might open the door to regular betting, adding a quick dopamine hit to the regular season viewing experience. Maybe they??™ll have to start budgeting for a new habit. Maybe they??™ll have to start borrowing for it.
And, for a select few, it will get worse.
It??™s already gotten worse for hundreds of people statewide since Illinois legislators approved a massive gaming expansion a year and a half ago, introducing legal sports wagering to a state that??™s already packed with more places to gamble than Las Vegas.
The COVID-19 pandemic has made matters even worse, according to Luke, a Chicago-area problem gambler who was able to get out of the game nine years ago. Economic uncertainty and the general malaise of the quarantine lifestyle make gambling all the more enticing.
???It used to be that there was a stigma, and gambling was taboo. It was seedy,??? said Luke, who asked that his full name not be used. ???Now, you can do it on your phone. The companies that are doing it are publicly traded Fortune 500 companies.???
A man who asked that he only be identified as Anthony reads news about the Super Bowl on his phone Friday. Tyler LaRiviere/Sun-Times.
Calls to the state??™s gambling disorder hotline more than doubled from 2019 to 2020, when 13,258 people reached out either there or online for information on a problem that experts say is out of sight but front of mind for a growing number of bettors and their families. The Illinois Department of Human Services, which aims to connect problem gamblers with counseling resources, calls that a ???dramatic increase.???
In 2019, about 580 people received treatment for gambling disorders through state-sponsored programs across Illinois. That figure jumped past 1,000 in 2020, and experts say it doesn??™t even cut the deck as only an estimated 3% of problem gamblers acknowledge they have a problem, and even fewer seek treatment.
Counseling gets boost with Illinois gambling expansion ??” but more addiction is sure to follow.
State??™s all-in gambling expansion offers new temptation for those struggling to stay out.
Hundreds more took the more drastic step of banning themselves from casinos and the smartphone betting apps that have them hooked. About 13,500 people were enrolled in the self-exclusion program maintained by regulators at the Illinois Gaming Board in mid-2019, but that number has since shot past 14,000.
Many of those gamblers cite their temptations as coming from the state??™s 10 casinos, three horse racing tracks and 7,233 bars, restaurants, gas stations and VFW halls that also house slot machines.
But since mobile sports betting launched last summer, Illinoisans can now gamble 24/7 from the comfort of home ??” and they??™ve already lost more than $101 million doing so, according to Gaming Board revenue figures.
Blackhawks analyst Eddie Olczyk placed Illinois first legal sports bet in March 2019. Gamblers across the state have wagered more than $1.4 billion since then ??” and lost $101 million. Ashlee Rezin Garcia/Sun-Times.
As the billion-dollar industry keeps growing, addiction counselors say they??™re hearing more and more from young people glued to the sports betting apps whose ads saturate Illinois airwaves and billboards.
???It??™s in your face all the time,??? said Dr. Teresa Garate of the Gateway Foundation, a network of 16 addiction treatment centers statewide. ???It??™s becoming a part of everyday life. Everyone accepts it, but it??™s a serious trigger for some.???
That??™s the case for Anthony, a 36-year-old recovering problem gambler from southwest suburban Tinley Park, who said he often finds himself changing the station as sports talk radio hosts dissect the latest betting lines.
???It??™ll just be too much, it??™s too close,??? Anthony said. ???Even though I don??™t think it??™ll lead me down there, I know better than to let my mind start thinking like that.???
Anthony reads his favorite passages from ???A Day at a Time??™ a book by Gamblers Anonymous. Tyler LaRiviere/Sun-Times.
Elizabeth Thielen, a senior director at Nicasa Behavioral Health Services, said she??™s seen yearly increases of people seeking help for gambling disorders across Chicago??™s north suburbs, but a ???real burst??? of clients has sought them out in the past nine months.
???The ages we??™re seeing are trending younger, and I think that??™s directly related to sports betting,??? Thielen said. ???At the same time, I feel hopeful because you have young people showing a surprising level of insight to find help.???
Way Back Inn executive director Anita Pindiur is pictured outside the Maywood facility in 2019. Sun-Times file.
While there??™s been an influx of new problem gamblers, the potential for relapse is an equal concern for Dr. Anita Pindiur, executive director of the Way Back Inn, a Maywood treatment center. About 10 former patients have already returned to the Way Back Inn for counseling this football season alone.
???Sometimes, we forget how quickly it can happen,??? Pindiur said. ???These things are advertised in a way that they??™re fun and entertaining, and they should be. But often there is no set of limits or recognition of the limits until we get our credit-card bill, or somebody points it out.???
Illinois sports betting market could rival Nevada??™s, analysts say.
Sports bettors have already wagered $1.4 billion since legal industry launched in Illinois.
COVID-19 puts new Illinois casino licenses on hold.
Besides financial ruin, experts say people who suffer from gambling addiction are more likely to suffer from substance abuse issues, turn to crime or even attempt suicide.
???I was losing everything,??? said Patrick, a 35-year-old Niles man who??™s 13 months removed from his last bet. ???I??™d have a paycheck on a Friday afternoon and it would be gone by Friday night. My relationships with my family and whoever I was dating, it just got out of control. I was lying, I was stealing, I was doing all these crazy things.???
As sports betting has been brought out of the shadows into everyday life, counselors say their challenge now is removing the stigma around seeking treatment for addiction ??” and they say they??™re making progress through increased awareness. That??™s been boosted with the help of $7 million set aside in the state??™s gambling expansion law in grants for treatment centers, which have used a lot of that money to bolster advertising.
The Way Back Inn is one of only a handful of addiction treatment centers in Illinois that provide a gambling-specific program. Sun-Times file.
???One of the biggest barriers to treatment is stigma, especially for gambling,??? said Garate, from the Gateway Foundation. ???People don??™t see it as a real addiction. It is, and help is out there.???
Just how many people need help is unclear. Experts generally estimate that between 2% and 5% of the population deal with gambling disorder, which would project to about 635,000 people across Illinois, including about 136,000 in Chicago.
TO GET HELP.
For more information on problem gambling support, call 1-800-GAMBLER or text ???ILGAMB??? to 53342.
But there??™s been no comprehensive study of the problem in Illinois since 1999, well before video slots dotted the walls at thousands of establishments across the state and sportsbooks were accessible anywhere that had a cellphone signal.
???You have to believe those numbers are different now,??? Thielen said.
The state Department of Human Services is out to find out just how much they??™ve shifted with the onslaught of gambling options. The agency launched a $500,000 study last fall surveying treatment providers, problem gamblers and others to gauge the prevalence of addiction, especially among populations considered vulnerable or marginalized due to race, culture, economic or social disparity.
???We want to know what??™s the challenge, and what should we look for,??? said David Jones, who directs the department??™s Substance Use Prevention and Recovery Division. ???Then, you can start to bring more evidence-based solutions on a size consistent with the scale of the challenge.???


Online sports betting to launch in Michigan this month.
LANSING, Mich. ??” Online sports betting is set to launch throughout Michigan in mid-January.
So far, fifteen sportsbooks have been approved for launch. Two, Fanduel and DraftKings, are already offering pre-registration deals for Michiganders who sign up before actual betting can begin.
As he tells Fox 47, the launch of legal sports gambling means more opportunities to wager.
???For a Michigander that probably means you are going to have more access to legal sports betting with the launch of mobile sports betting,??? said John Holden, an assistant professor of business at Oklahoma State University who studies federal and state regulation of sports gambling.
Mobile sports gambling can be done right from a bettor??™s phone through sportsbook applications that follow location and age verification protocol as defined by the state??™s Gaming and Control Board.
Holden says casinos that introduce their own sportsbooks to the digital landscape could see more engagement as programs begin to launch.
???For the past few months, sports betting has been available in some casinos though, of course, access to those casinos has been limited over the past few months due to the COVID-19 pandemic,??? Holden explained.
State-governed casinos are being hit hard by COVID-19 closures and reduced capacity measures. Table game and slots revenue dropped by over sixty-one percent compared to November 2019.
???I think there??™s some pent-up demand,

3 140

Re : Présentation

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https://i.ibb.co/qxX6sQj/olujak69.png


?»?The Week In Sports Betting News: VA Sportsbooks Continue Piecemeal Rollout.
Happy Monday , everyone. There was plenty of interesting sports betting news last week despite GameStop and retail stock market investors dominating headlines.
The latest LSR Podcast discussed the two recent US sports betting launches in Michigan and Virginia . The team also discussed the recent trend of buying daily fantasy sports companies.
Make sure you??™re following @LSPReport on Twitter as well for breaking news updates.
Top sports betting story: Virginia sports betting continues slow rollout.
Sports betting in Virginia launched Jan. 21, but there still are just four operators live.
BetMGM and BetRivers joined FanDuel Sportsbook and DraftKings Sportsbook in the market last week. BetMGM received an untethered mobile license while BetRivers launched under Rush Street ??™s eventual casino license.
It would appear William Hill is next in line, with Caesars Virginia receiving its permit Wednesday. After that, who knows when we??™ll get the next bit of sports betting news from the state: The Virginia Lottery is keeping the process very secretive with licensee information only available as its website updates.
Tennessee gets two more sportsbooks as well.
It??™s go time for William Hill and WynnBET in the hot Tennessee sports betting market ??“ but not until after the Super Bowl .
Both operators received approval at Friday??™s Tennessee Education Lottery special meeting but have more to do before they can launch. Tennessee is also still waiting for Churchill Downs ??? TwinSpire to join the market.
The four launched sportsbooks ??“ Action 24/7 , BetMGM, DraftKings and FanDuel ??“ are likely thrilled to be the only operators so far. Tennessee??™s online-only market set a launch record with $131.4 million in handle in November followed by $180.9 million in December .
Those two months combined for $27.1 million in operator revenue.
Northeast states staying busy on sports betting.
Maybe there??™s something more to the water in the Northeast than just making perfect bagels and rolls.
Connecticut and Massachusetts are both trying to legalize sports betting while New York is taking a step forward and back simultaneously.
Sports betting in Connecticut is a bit tricky because of the gaming exclusivity granted long ago to the Mashantucket Pequot and Mohegan tribes. All sides called for compromise at a hearing last Tuesday, but no one seems ready to make a sacrifice first.
Massachusetts sports betting is again supported by Sen. Brendan Crighton , who reconfigured his 2020 bill with higher upfront fees that would generate tens of millions for the state.
And then there??™s New York. Sports betting in New York is already legal, but only through retail casinos. For questionable reasons, Gov. Andrew Cuomo and his team think the best option is to limit the market to potentially just one mobile operator.
Nevada sports betting handle falls in 2020.
Fewer people traveling and an upended sports calendar because of the coronavirus handed Nevada ???s sportsbooks a 20% dip in annual revenue and 19% decrease for handle.
Revenue for the full year was $262.8 million , about $7 million behind the leader, Pennsylvania . Handle was $4.3 billion.
Part of the decline can be blamed on Nevada??™s market since it requires in-person registration for mobile wagering accounts.
Investor Ader talks gaming SPACS.
Jason Ader called FanDuel and PokerStars parent company Flutter the potential Tesla of the gaming industry, and detailed some of his potential SPAC targets in an LSR Q+A .
Ader, who had two SPACs more than a decade ago and recently raised $275 million through Capital 26 , is currently considering four targets.
Ader also touched on why he thinks MGM Resorts will eventually buy its BetMGM partner, Entain , and likened some current SPAC management teams to old Fords instead of Ferraris or Rolls Royces .
Elsewhere, LSR??™s Brad Allen also dove into how mergers and acquisitions could change the shape of US sports betting this year.


Latest Betting News.
We provide daily sports betting news for the United States market. We cover the news relevant to the legality of betting in the United States. We focus on online sports betting , but also cover daily fantasy sports, online casino, online poker, online lottery and horse racing. We provide progress updates on legislation in each state, industry partnership, interviews and more.
We provide opinion pieces and editorial articles on the industry. We cover odds and analysis for the NFL, NBA, MLB, NHL, PGA and a number of other sports. Our latest addition is an eSports news category.


Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
The number of Illinoisans seeking help for problem gambling has almost doubled since legislators approved a massive gambling expansion in 2019. Experts expect that number to keep growing.
Share this story.
Share this on Facebook Share this on Twitter.
Share All sharing options for: Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
A man who requested that he only be identified as Anthony stands by a window in a high-rise condo near Soldier Field on Friday. The Tinley Park man is a recovering sports gambling addict. Tyler LaRiviere/Sun-Times.
Thousands of football fans will be placing their first legal Super Bowl bets in Illinois this weekend, and for most, a little action will make the big game just a bit more entertaining.
But, for some, it might open the door to regular betting, adding a quick dopamine hit to the regular season viewing experience. Maybe they??™ll have to start budgeting for a new habit. Maybe they??™ll have to start borrowing for it.
And, for a select few, it will get worse.
It??™s already gotten worse for hundreds of people statewide since Illinois legislators approved a massive gaming expansion a year and a half ago, introducing legal sports wagering to a state that??™s already packed with more places to gamble than Las Vegas.
The COVID-19 pandemic has made matters even worse, according to Luke, a Chicago-area problem gambler who was able to get out of the game nine years ago. Economic uncertainty and the general malaise of the quarantine lifestyle make gambling all the more enticing.
???It used to be that there was a stigma, and gambling was taboo. It was seedy,??? said Luke, who asked that his full name not be used. ???Now, you can do it on your phone. The companies that are doing it are publicly traded Fortune 500 companies.???
A man who asked that he only be identified as Anthony reads news about the Super Bowl on his phone Friday. Tyler LaRiviere/Sun-Times.
Calls to the state??™s gambling disorder hotline more than doubled from 2019 to 2020, when 13,258 people reached out either there or online for information on a problem that experts say is out of sight but front of mind for a growing number of bettors and their families. The Illinois Department of Human Services, which aims to connect problem gamblers with counseling resources, calls that a ???dramatic increase.???
In 2019, about 580 people received treatment for gambling disorders through state-sponsored programs across Illinois. That figure jumped past 1,000 in 2020, and experts say it doesn??™t even cut the deck as only an estimated 3% of problem gamblers acknowledge they have a problem, and even fewer seek treatment.
Counseling gets boost with Illinois gambling expansion ??” but more addiction is sure to follow.
State??™s all-in gambling expansion offers new temptation for those struggling to stay out.
Hundreds more took the more drastic step of banning themselves from casinos and the smartphone betting apps that have them hooked. About 13,500 people were enrolled in the self-exclusion program maintained by regulators at the Illinois Gaming Board in mid-2019, but that number has since shot past 14,000.
Many of those gamblers cite their temptations as coming from the state??™s 10 casinos, three horse racing tracks and 7,233 bars, restaurants, gas stations and VFW halls that also house slot machines.
But since mobile sports betting launched last summer, Illinoisans can now gamble 24/7 from the comfort of home ??” and they??™ve already lost more than $101 million doing so, according to Gaming Board revenue figures.
Blackhawks analyst Eddie Olczyk placed Illinois first legal sports bet in March 2019. Gamblers across the state have wagered more than $1.4 billion since then ??” and lost $101 million. Ashlee Rezin Garcia/Sun-Times.
As the billion-dollar industry keeps growing, addiction counselors say they??™re hearing more and more from young people glued to the sports betting apps whose ads saturate Illinois airwaves and billboards.
???It??™s in your face all the time,??? said Dr. Teresa Garate of the Gateway Foundation, a network of 16 addiction treatment centers statewide. ???It??™s becoming a part of everyday life. Everyone accepts it, but it??™s a serious trigger for some.???
That??™s the case for Anthony, a 36-year-old recovering problem gambler from southwest suburban Tinley Park, who said he often finds himself changing the station as sports talk radio hosts dissect the latest betting lines.
???It??™ll just be too much, it??™s too close,??? Anthony said. ???Even though I don??™t think it??™ll lead me down there, I know better than to let my mind start thinking like that.???
Anthony reads his favorite passages from ???A Day at a Time??™ a book by Gamblers Anonymous. Tyler LaRiviere/Sun-Times.
Elizabeth Thielen, a senior director at Nicasa Behavioral Health Services, said she??™s seen yearly increases of people seeking help for gambling disorders across Chicago??™s north suburbs, but a ???real burst??? of clients has sought them out in the past nine months.
???The ages we??™re seeing are trending younger, and I think that??™s directly related to sports betting,??? Thielen said. ???At the same time, I feel hopeful because you have young people showing a surprising level of insight to find help.???
Way Back Inn executive director Anita Pindiur is pictured outside the Maywood facility in 2019. Sun-Times file.
While there??™s been an influx of new problem gamblers, the potential for relapse is an equal concern for Dr. Anita Pindiur, executive director of the Way Back Inn, a Maywood treatment center. About 10 former patients have already returned to the Way Back Inn for counseling this football season alone.
???Sometimes, we forget how quickly it can happen,??? Pindiur said. ???These things are advertised in a way that they??™re fun and entertaining, and they should be. But often there is no set of limits or recognition of the limits until we get our credit-card bill, or somebody points it out.???
Illinois sports betting market could rival Nevada??™s, analysts say.
Sports bettors have already wagered $1.4 billion since legal industry launched in Illinois.
COVID-19 puts new Illinois casino licenses on hold.
Besides financial ruin, experts say people who suffer from gambling addiction are more likely to suffer from substance abuse issues, turn to crime or even attempt suicide.
???I was losing everything,??? said Patrick, a 35-year-old Niles man who??™s 13 months removed from his last bet. ???I??™d have a paycheck on a Friday afternoon and it would be gone by Friday night. My relationships with my family and whoever I was dating, it just got out of control. I was lying, I was stealing, I was doing all these crazy things.???
As sports betting has been brought out of the shadows into everyday life, counselors say their challenge now is removing the stigma around seeking treatment for addiction ??” and they say they??™re making progress through increased awareness. That??™s been boosted with the help of $7 million set aside in the state??™s gambling expansion law in grants for treatment centers, which have used a lot of that money to bolster advertising.
The Way Back Inn is one of only a handful of addiction treatment centers in Illinois that provide a gambling-specific program. Sun-Times file.
???One of the biggest barriers to treatment is stigma, especially for gambling,??? said Garate, from the Gateway Foundation. ???People don??™t see it as a real addiction. It is, and help is out there.???
Just how many people need help is unclear. Experts generally estimate that between 2% and 5% of the population deal with gambling disorder, which would project to about 635,000 people across Illinois, including about 136,000 in Chicago.
TO GET HELP.
For more information on problem gambling support, call 1-800-GAMBLER or text ???ILGAMB??? to 53342.
But there??™s been no comprehensive study of the problem in Illinois since 1999, well before video slots dotted the walls at thousands of establishments across the state and sportsbooks were accessible anywhere that had a cellphone signal.
???You have to believe those numbers are different now,??? Thielen said.
The state Department of Human Services is out to find out just how much they??™ve shifted with the onslaught of gambling options. The agency launched a $500,000 study last fall surveying treatment providers, problem gamblers and others to gauge the prevalence of addiction, especially among populations considered vulnerable or marginalized due to race, culture, economic or social disparity.
???We want to know what??™s the challenge, and what should we look for,??? said David Jones, who directs the department??™s Substance Use Prevention and Recovery Division. ???Then, you can start to bring more evidence-based solutions on a size consistent with the scale of the challenge.???


Online sports betting to launch in Michigan this month.
LANSING, Mich. ??” Online sports betting is set to launch throughout Michigan in mid-January.
So far, fifteen sportsbooks have been approved for launch. Two, Fanduel and DraftKings, are already offering pre-registration deals for Michiganders who sign up before actual betting can begin.
As he tells Fox 47, the launch of legal sports gambling means more opportunities to wager.
???For a Michigander that probably means you are going to have more access to legal sports betting with the launch of mobile sports betting,??? said John Holden, an assistant professor of business at Oklahoma State University who studies federal and state regulation of sports gambling.
Mobile sports gambling can be done right from a bettor??™s phone through sportsbook applications that follow location and age verification protocol as defined by the state??™s Gaming and Control Board.
Holden says casinos that introduce their own sportsbooks to the digital landscape could see more engagement as programs begin to launch.
???For the past few months, sports betting has been available in some casinos though, of course, access to those casinos has been limited over the past few months due to the COVID-19 pandemic,??? Holden explained.
State-governed casinos are being hit hard by COVID-19 closures and reduced capacity measures. Table game and slots revenue dropped by over sixty-one percent compared to November 2019.
???I think there??™s some pent-up demand," said Richard Kalm, executive director of the Michigan Gaming and Control Board. "The casinos were only open at fifteen percent capacity in October, and November was only half a month because, remember, we had to close because of COVID."
Michigan is the twentieth state to legalize online sports betting. Other states have seen online sports take over the gambling scene in 2020.
???What we have seen is that states that have both brick and mortar sports betting and mobile betting are seeing upwards of 80 percent, 85 percent, New Jersey at one point was at 93 percent of the revenue was coming from mobile betting,??? Holden said.
According to Kalm, the process is now in the hands of casinos and sportsbook applications to make sure they??™re able to launch. To be cleared, these entities must be compliant with safe gambling guidelines laid out by the state.
???At this point, we??™re waiting for the independent test labs that test the software and the types of games and also the geolocation to make sure that they have geolocation properly in place, their internal controls, and their age verification in place,??? Kalm said.
Kalm said he and the control board are keeping safe betting in mind throughout this process. But, as Holden warns, the risk may not be preventable.
???There??™s always risk associated with gambling. However, in a regulated environment like what??™s launching in Michigan soon, those risks can be controlled to some degree.???
FireKeepers Casino in Battle Creek was the first tribal casino in Michigan to implement sports betting back in June. They are expected to embrace digital sports gambling but haven??™t released a launch timeline.
Soaring Eagle Casino near Mount Pleasant announced in November that they would be adding in-person sports betting, but have yet to comment on the possibility of going digital.
Online poker, slots and more casino classics also on their way to Michigan, Kalm said, possibly as soon as February.
Want to see more local news? Visit the FOX47News Website .
Stay in touch with us anytime, anywhere.
Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.




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?»?The Week In Sports Betting News: VA Sportsbooks Continue Piecemeal Rollout.
Happy Monday , everyone. There was plenty of interesting sports betting news last week despite GameStop and retail stock market investors dominating headlines.
The latest LSR Podcast discussed the two recent US sports betting launches in Michigan and Virginia . The team also discussed the recent trend of buying daily fantasy sports companies.
Make sure you??™re following @LSPReport on Twitter as well for breaking news updates.
Top sports betting story: Virginia sports betting continues slow rollout.
Sports betting in Virginia launched Jan. 21, but there still are just four operators live.
BetMGM and BetRivers joined FanDuel Sportsbook and DraftKings Sportsbook in the market last week. BetMGM received an untethered mobile license while BetRivers launched under Rush Street ??™s eventual casino license.
It would appear William Hill is next in line, with Caesars Virginia receiving its permit Wednesday. After that, who knows when we??™ll get the next bit of sports betting news from the state: The Virginia Lottery is keeping the process very secretive with licensee information only available as its website updates.
Tennessee gets two more sportsbooks as well.
It??™s go time for William Hill and WynnBET in the hot Tennessee sports betting market ??“ but not until after the Super Bowl .
Both operators received approval at Friday??™s Tennessee Education Lottery special meeting but have more to do before they can launch. Tennessee is also still waiting for Churchill Downs ??? TwinSpire to join the market.
The four launched sportsbooks ??“ Action 24/7 , BetMGM, DraftKings and FanDuel ??“ are likely thrilled to be the only operators so far. Tennessee??™s online-only market set a launch record with $131.4 million in handle in November followed by $180.9 million in December .
Those two months combined for $27.1 million in operator revenue.
Northeast states staying busy on sports betting.
Maybe there??™s something more to the water in the Northeast than just making perfect bagels and rolls.
Connecticut and Massachusetts are both trying to legalize sports betting while New York is taking a step forward and back simultaneously.
Sports betting in Connecticut is a bit tricky because of the gaming exclusivity granted long ago to the Mashantucket Pequot and Mohegan tribes. All sides called for compromise at a hearing last Tuesday, but no one seems ready to make a sacrifice first.
Massachusetts sports betting is again supported by Sen. Brendan Crighton , who reconfigured his 2020 bill with higher upfront fees that would generate tens of millions for the state.
And then there??™s New York. Sports betting in New York is already legal, but only through retail casinos. For questionable reasons, Gov. Andrew Cuomo and his team think the best option is to limit the market to potentially just one mobile operator.
Nevada sports betting handle falls in 2020.
Fewer people traveling and an upended sports calendar because of the coronavirus handed Nevada ???s sportsbooks a 20% dip in annual revenue and 19% decrease for handle.
Revenue for the full year was $262.8 million , about $7 million behind the leader, Pennsylvania . Handle was $4.3 billion.
Part of the decline can be blamed on Nevada??™s market since it requires in-person registration for mobile wagering accounts.
Investor Ader talks gaming SPACS.
Jason Ader called FanDuel and PokerStars parent company Flutter the potential Tesla of the gaming industry, and detailed some of his potential SPAC targets in an LSR Q+A .
Ader, who had two SPACs more than a decade ago and recently raised $275 million through Capital 26 , is currently considering four targets.
Ader also touched on why he thinks MGM Resorts will eventually buy its BetMGM partner, Entain , and likened some current SPAC management teams to old Fords instead of Ferraris or Rolls Royces .
Elsewhere, LSR??™s Brad Allen also dove into how mergers and acquisitions could change the shape of US sports betting this year.


Latest Betting News.
We provide daily sports betting news for the United States market. We cover the news relevant to the legality of betting in the United States. We focus on online sports betting , but also cover daily fantasy sports, online casino, online poker, online lottery and horse racing. We provide progress updates on legislation in each state, industry partnership, interviews and more.
We provide opinion pieces and editorial articles on the industry. We cover odds and analysis for the NFL, NBA, MLB, NHL, PGA and a number of other sports. Our latest addition is an eSports news category.


Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
The number of Illinoisans seeking help for problem gambling has almost doubled since legislators approved a massive gambling expansion in 2019. Experts expect that number to keep growing.
Share this story.
Share this on Facebook Share this on Twitter.
Share All sharing options for: Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
A man who requested that he only be identified as Anthony stands by a window in a high-rise condo near Soldier Field on Friday. The Tinley Park man is a recovering sports gambling addict. Tyler LaRiviere/Sun-Times.
Thousands of football fans will be placing their first legal Super Bowl bets in Illinois this weekend, and for most, a little action will make the big game just a bit more entertaining.
But, for some, it might open the door to regular betting, adding a quick dopamine hit to the regular season viewing experience. Maybe they??™ll have to start budgeting for a new habit. Maybe they??™ll have to start borrowing for it.
And, for a select few, it will get worse.
It??™s already gotten worse for hundreds of people statewide since Illinois legislators approved a massive gaming expansion a year and a half ago, introducing legal sports wagering to a state that??™s already packed with more places to gamble than Las Vegas.
The COVID-19 pandemic has made matters even worse, according to Luke, a Chicago-area problem gambler who was able to get out of the game nine years ago. Economic uncertainty and the general malaise of the quarantine lifestyle make gambling all the more enticing.
???It used to be that there was a stigma, and gambling was taboo. It was seedy,??? said Luke, who asked that his full name not be used. ???Now, you can do it on your phone. The companies that are doing it are publicly traded Fortune 500 companies.???
A man who asked that he only be identified as Anthony reads news about the Super Bowl on his phone Friday. Tyler LaRiviere/Sun-Times.
Calls to the state??™s gambling disorder hotline more than doubled from 2019 to 2020, when 13,258 people reached out either there or online for information on a problem that experts say is out of sight but front of mind for a growing number of bettors and their families. The Illinois Department of Human Services, which aims to connect problem gamblers with counseling resources, calls that a ???dramatic increase.???
In 2019, about 580 people received treatment for gambling disorders through state-sponsored programs across Illinois. That figure jumped past 1,000 in 2020, and experts say it doesn??™t even cut the deck as only an estimated 3% of problem gamblers acknowledge they have a problem, and even fewer seek treatment.
Counseling gets boost with Illinois gambling expansion ??” but more addiction is sure to follow.
State??™s all-in gambling expansion offers new temptation for those struggling to stay out.
Hundreds more took the more drastic step of banning themselves from casinos and the smartphone betting apps that have them hooked. About 13,500 people were enrolled in the self-exclusion program maintained by regulators at the Illinois Gaming Board in mid-2019, but that number has since shot past 14,000.
Many of those gamblers cite their temptations as coming from the state??™s 10 casinos, three horse racing tracks and 7,233 bars, restaurants, gas stations and VFW halls that also house slot machines.
But since mobile sports betting launched last summer, Illinoisans can now gamble 24/7 from the comfort of home ??” and they??™ve already lost more than $101 million doing so, according to Gaming Board revenue figures.
Blackhawks analyst Eddie Olczyk placed Illinois first legal sports bet in March 2019. Gamblers across the state have wagered more than $1.4 billion since then ??” and lost $101 million. Ashlee Rezin Garcia/Sun-Times.
As the billion-dollar industry keeps growing, addiction counselors say they??™re hearing more and more from young people glued to the sports betting apps whose ads saturate Illinois airwaves and billboards.
???It??™s in your face all the time,??? said Dr. Teresa Garate of the Gateway Foundation, a network of 16 addiction treatment centers statewide. ???It??™s becoming a part of everyday life. Everyone accepts it, but it??™s a serious trigger for some.???
That??™s the case for Anthony, a 36-year-old recovering problem gambler from southwest suburban Tinley Park, who said he often finds himself changing the station as sports talk radio hosts dissect the latest betting lines.
???It??™ll just be too much, it??™s too close,??? Anthony said. ???Even though I don??™t think it??™ll lead me down there, I know better than to let my mind start thinking like that.???
Anthony reads his favorite passages from ???A Day at a Time??™ a book by Gamblers Anonymous. Tyler LaRiviere/Sun-Times.
Elizabeth Thielen, a senior director at Nicasa Behavioral Health Services, said she??™s seen yearly increases of people seeking help for gambling disorders across Chicago??™s north suburbs, but a ???real burst??? of clients has sought them out in the past nine months.
???The ages we??™re seeing are trending younger, and I think that??™s directly related to sports betting,??? Thielen said. ???At the same time, I feel hopeful because you have young people showing a surprising level of insight to find help.???
Way Back Inn executive director Anita Pindiur is pictured outside the Maywood facility in 2019. Sun-Times file.
While there??™s been an influx of new problem gamblers, the potential for relapse is an equal concern for Dr. Anita Pindiur, executive director of the Way Back Inn, a Maywood treatment center. About 10 former patients have already returned to the Way Back Inn for counseling this football season alone.
???Sometimes, we forget how quickly it can happen,??? Pindiur said. ???These things are advertised in a way that they??™re fun and entertaining, and they should be. But often there is no set of limits or recognition of the limits until we get our credit-card bill, or somebody points it out.???
Illinois sports betting market could rival Nevada??™s, analysts say.
Sports bettors have already wagered $1.4 billion since legal industry launched in Illinois.
COVID-19 puts new Illinois casino licenses on hold.
Besides financial ruin, experts say people who suffer from gambling addiction are more likely to suffer from substance abuse issues, turn to crime or even attempt suicide.
???I was losing everything,??? said Patrick, a 35-year-old Niles man who??™s 13 months removed from his last bet. ???I??™d have a paycheck on a Friday afternoon and it would be gone by Friday night. My relationships with my family and whoever I was dating, it just got out of control. I was lying, I was stealing, I was doing all these crazy things.???
As sports betting has been brought out of the shadows into everyday life, counselors say their challenge now is removing the stigma around seeking treatment for addiction ??” and they say they??™re making progress through increased awareness. That??™s been boosted with the help of $7 million set aside in the state??™s gambling expansion law in grants for treatment centers, which have used a lot of that money to bolster advertising.
The Way Back Inn is one of only a handful of addiction treatment centers in Illinois that provide a gambling-specific program. Sun-Times file.
???One of the biggest barriers to treatment is stigma, especially for gambling,??? said Garate, from the Gateway Foundation. ???People don??™t see it as a real addiction. It is, and help is out there.???
Just how many people need help is unclear. Experts generally estimate that between 2% and 5% of the population deal with gambling disorder, which would project to about 635,000 people across Illinois, including about 136,000 in Chicago.
TO GET HELP.
For more information on problem gambling support, call 1-800-GAMBLER or text ???ILGAMB??? to 53342.
But there??™s been no comprehensive study of the problem in Illinois since 1999, well before video slots dotted the walls at thousands of establishments across the state and sportsbooks were accessible anywhere that had a cellphone signal.
???You have to believe those numbers are different now,??? Thielen said.
The state Department of Human Services is out to find out just how much they??™ve shifted with the onslaught of gambling options. The agency launched a $500,000 study last fall surveying treatment providers, problem gamblers and others to gauge the prevalence of addiction, especially among populations considered vulnerable or marginalized due to race, culture, economic or social disparity.
???We want to know what??™s the challenge, and what should we look for,??? said David Jones, who directs the department??™s Substance Use Prevention and Recovery Division. ???Then, you can start to bring more evidence-based solutions on a size consistent with the scale of the challenge.???


Online sports betting to launch in Michigan this month.
LANSING, Mich. ??” Online sports betting is set to launch throughout Michigan in mid-January.
So far, fifteen sportsbooks have been approved for launch. Two, Fanduel and DraftKings, are already offering pre-registration deals for Michiganders who sign up before actual betting can begin.
As he tells Fox 47, the launch of legal sports gambling means more opportunities to wager.
???For a Michigander that probably means you are going to have more access to legal sports betting with the launch of mobile sports betting,??? said John Holden, an assistant professor of business at Oklahoma State University who studies federal and state regulation of sports gambling.
Mobile sports gambling can be done right from a bettor??™s phone through sportsbook applications that follow location and age verification protocol as defined by the state??™s Gaming and Control Board.
Holden says casinos that introduce their own sportsbooks to the digital landscape could see more engagement as programs begin to launch.
???For the past few months, sports betting has been available in some casinos though, of course, access to those casinos has been limited over the past few months due to the COVID-19 pandemic,??? Holden explained.
State-governed casinos are being hit hard by COVID-19 closures and reduced capacity measures. Table game and slots revenue dropped by over sixty-one percent compared to November 2019.
???I think there??™s some pent-up demand," said Richard Kalm, executive director of the Michigan Gaming and Control Board. "The casinos were only open at fifteen percent capacity in October, and November was only half a month because, remember, we had to close because of COVID."
Michigan is the twentieth state to legalize online sports betting. Other states have seen online sports take over the gambling scene in 2020.
???What we have seen is that states that have both brick and mortar sports betting and mobile betting are seeing upwards of 80 percent, 85 percent, New Jersey at one point was at 93 percent of the revenue was coming from mobile betting,??? Holden said.
According to Kalm, the process is now in the hands of casinos and sportsbook applications to make sure they??™re able to launch. To be cleared, these entities must be compliant with safe gambling guidelines laid out by the state.
???At this point, we??™re waiting for the independent test labs that test the software and the types of games and also the geolocation to make sure that they have geolocation properly in place, their internal controls, and their age verification in place,??? Kalm said.
Kalm said he and the control board are keeping safe betting in mind throughout this process. But, as Holden warns, the risk may not be preventable.
???There??™s always risk associated with gambling. However, in a regulated environment like what??™s launching in Michigan soon, those risks can be controlled to some degree.???
FireKeepers Casino in Battle Creek was the first tribal casino in Michigan to implement sports betting back in June. They are expected to embrace digital sports gambling but haven??™t released a launch timeline.
Soaring Eagle Casino near Mount Pleasant announced in November that they would be adding in-person sports betting, but have yet to comment on the possibility of going digital.
Online poker, slots and more casino classics also on their way to Michigan, Kalm said, possibly as soon as February.
Want to see more local news? Visit the FOX47News Website .
Stay in touch with us anytime, anywhere.
Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.




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?»?The Week In Sports Betting News: VA Sportsbooks Continue Piecemeal Rollout.
Happy Monday , everyone. There was plenty of interesting sports betting news last week despite GameStop and retail stock market investors dominating headlines.
The latest LSR Podcast discussed the two recent US sports betting launches in Michigan and Virginia . The team also discussed the recent trend of buying daily fantasy sports companies.
Make sure you??™re following @LSPReport on Twitter as well for breaking news updates.
Top sports betting story: Virginia sports betting continues slow rollout.
Sports betting in Virginia launched Jan. 21, but there still are just four operators live.
BetMGM and BetRivers joined FanDuel Sportsbook and DraftKings Sportsbook in the market last week. BetMGM received an untethered mobile license while BetRivers launched under Rush Street ??™s eventual casino license.
It would appear William Hill is next in line, with Caesars Virginia receiving its permit Wednesday. After that, who knows when we??™ll get the next bit of sports betting news from the state: The Virginia Lottery is keeping the process very secretive with licensee information only available as its website updates.
Tennessee gets two more sportsbooks as well.
It??™s go time for William Hill and WynnBET in the hot Tennessee sports betting market ??“ but not until after the Super Bowl .
Both operators received approval at Friday??™s Tennessee Education Lottery special meeting but have more to do before they can launch. Tennessee is also still waiting for Churchill Downs ??? TwinSpire to join the market.
The four launched sportsbooks ??“ Action 24/7 , BetMGM, DraftKings and FanDuel ??“ are likely thrilled to be the only operators so far. Tennessee??™s online-only market set a launch record with $131.4 million in handle in November followed by $180.9 million in December .
Those two months combined for $27.1 million in operator revenue.
Northeast states staying busy on sports betting.
Maybe there??™s something more to the water in the Northeast than just making perfect bagels and rolls.
Connecticut and Massachusetts are both trying to legalize sports betting while New York is taking a step forward and back simultaneously.
Sports betting in Connecticut is a bit tricky because of the gaming exclusivity granted long ago to the Mashantucket Pequot and Mohegan tribes. All sides called for compromise at a hearing last Tuesday, but no one seems ready to make a sacrifice first.
Massachusetts sports betting is again supported by Sen. Brendan Crighton , who reconfigured his 2020 bill with higher upfront fees that would generate tens of millions for the state.
And then there??™s New York. Sports betting in New York is already legal, but only through retail casinos. For questionable reasons, Gov. Andrew Cuomo and his team think the best option is to limit the market to potentially just one mobile operator.
Nevada sports betting handle falls in 2020.
Fewer people traveling and an upended sports calendar because of the coronavirus handed Nevada ???s sportsbooks a 20% dip in annual revenue and 19% decrease for handle.
Revenue for the full year was $262.8 million , about $7 million behind the leader, Pennsylvania . Handle was $4.3 billion.
Part of the decline can be blamed on Nevada??™s market since it requires in-person registration for mobile wagering accounts.
Investor Ader talks gaming SPACS.
Jason Ader called FanDuel and PokerStars parent company Flutter the potential Tesla of the gaming industry, and detailed some of his potential SPAC targets in an LSR Q+A .
Ader, who had two SPACs more than a decade ago and recently raised $275 million through Capital 26 , is currently considering four targets.
Ader also touched on why he thinks MGM Resorts will eventually buy its BetMGM partner, Entain , and likened some current SPAC management teams to old Fords instead of Ferraris or Rolls Royces .
Elsewhere, LSR??™s Brad Allen also dove into how mergers and acquisitions could change the shape of US sports betting this year.


Latest Betting News.
We provide daily sports betting news for the United States market. We cover the news relevant to the legality of betting in the United States. We focus on online sports betting , but also cover daily fantasy sports, online casino, online poker, online lottery and horse racing. We provide progress updates on legislation in each state, industry partnership, interviews and more.
We provide opinion pieces and editorial articles on the industry. We cover odds and analysis for the NFL, NBA, MLB, NHL, PGA and a number of other sports. Our latest addition is an eSports news category.


Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
The number of Illinoisans seeking help for problem gambling has almost doubled since legislators approved a massive gambling expansion in 2019. Experts expect that number to keep growing.
Share this story.
Share this on Facebook Share this on Twitter.
Share All sharing options for: Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
A man who requested that he only be identified as Anthony stands by a window in a high-rise condo near Soldier Field on Friday. The Tinley Park man is a recovering sports gambling addict. Tyler LaRiviere/Sun-Times.
Thousands of football fans will be placing their first legal Super Bowl bets in Illinois this weekend, and for most, a little action will make the big game just a bit more entertaining.
But, for some, it might open the door to regular betting, adding a quick dopamine hit to the regular season viewing experience. Maybe they??™ll have to start budgeting for a new habit. Maybe they??™ll have to start borrowing for it.
And, for a select few, it will get worse.
It??™s already gotten worse for hundreds of people statewide since Illinois legislators approved a massive gaming expansion a year and a half ago, introducing legal sports wagering to a state that??™s already packed with more places to gamble than Las Vegas.
The COVID-19 pandemic has made matters even worse, according to Luke, a Chicago-area problem gambler who was able to get out of the game nine years ago. Economic uncertainty and the general malaise of the quarantine lifestyle make gambling all the more enticing.
???It used to be that there was a stigma, and gambling was taboo. It was seedy,??? said Luke, who asked that his full name not be used. ???Now, you can do it on your phone. The companies that are doing it are publicly traded Fortune 500 companies.???
A man who asked that he only be identified as Anthony reads news about the Super Bowl on his phone Friday. Tyler LaRiviere/Sun-Times.
Calls to the state??™s gambling disorder hotline more than doubled from 2019 to 2020, when 13,258 people reached out either there or online for information on a problem that experts say is out of sight but front of mind for a growing number of bettors and their families. The Illinois Department of Human Services, which aims to connect problem gamblers with counseling resources, calls that a ???dramatic increase.???
In 2019, about 580 people received treatment for gambling disorders through state-sponsored programs across Illinois. That figure jumped past 1,000 in 2020, and experts say it doesn??™t even cut the deck as only an estimated 3% of problem gamblers acknowledge they have a problem, and even fewer seek treatment.
Counseling gets boost with Illinois gambling expansion ??” but more addiction is sure to follow.
State??™s all-in gambling expansion offers new temptation for those struggling to stay out.
Hundreds more took the more drastic step of banning themselves from casinos and the smartphone betting apps that have them hooked. About 13,500 people were enrolled in the self-exclusion program maintained by regulators at the Illinois Gaming Board in mid-2019, but that number has since shot past 14,000.
Many of those gamblers cite their temptations as coming from the state??™s 10 casinos, three horse racing tracks and 7,233 bars, restaurants, gas stations and VFW halls that also house slot machines.
But since mobile sports betting launched last summer, Illinoisans can now gamble 24/7 from the comfort of home ??” and they??™ve already lost more than $101 million doing so, according to Gaming Board revenue figures.
Blackhawks analyst Eddie Olczyk placed Illinois first legal sports bet in March 2019. Gamblers across the state have wagered more than $1.4 billion since then ??” and lost $101 million. Ashlee Rezin Garcia/Sun-Times.
As the billion-dollar industry keeps growing, addiction counselors say they??™re hearing more and more from young people glued to the sports betting apps whose ads saturate Illinois airwaves and billboards.
???It??™s in your face all the time,??? said Dr. Teresa Garate of the Gateway Foundation, a network of 16 addiction treatment centers statewide. ???It??™s becoming a part of everyday life. Everyone accepts it, but it??™s a serious trigger for some.???
That??™s the case for Anthony, a 36-year-old recovering problem gambler from southwest suburban Tinley Park, who said he often finds himself changing the station as sports talk radio hosts dissect the latest betting lines.
???It??™ll just be too much, it??™s too close,??? Anthony said. ???Even though I don??™t think it??™ll lead me down there, I know better than to let my mind start thinking like that.???
Anthony reads his favorite passages from ???A Day at a Time??™ a book by Gamblers Anonymous. Tyler LaRiviere/Sun-Times.
Elizabeth Thielen, a senior director at Nicasa Behavioral Health Services, said she??™s seen yearly increases of people seeking help for gambling disorders across Chicago??™s north suburbs, but a ???real burst??? of clients has sought them out in the past nine months.
???The ages we??™re seeing are trending younger, and I think that??™s directly related to sports betting,??? Thielen said. ???At the same time, I feel hopeful because you have young people showing a surprising level of insight to find help.???
Way Back Inn executive director Anita Pindiur is pictured outside the Maywood facility in 2019. Sun-Times file.
While there??™s been an influx of new problem gamblers, the potential for relapse is an equal concern for Dr. Anita Pindiur, executive director of the Way Back Inn, a Maywood treatment center. About 10 former patients have already returned to the Way Back Inn for counseling this football season alone.
???Sometimes, we forget how quickly it can happen,??? Pindiur said. ???These things are advertised in a way that they??™re fun and entertaining, and they should be. But often there is no set of limits or recognition of the limits until we get our credit-card bill, or somebody points it out.???
Illinois sports betting market could rival Nevada??™s, analysts say.
Sports bettors have already wagered $1.4 billion since legal industry launched in Illinois.
COVID-19 puts new Illinois casino licenses on hold.
Besides financial ruin, experts say people who suffer from gambling addiction are more likely to suffer from substance abuse issues, turn to crime or even attempt suicide.
???I was losing everything,??? said Patrick, a 35-year-old Niles man who??™s 13 months removed from his last bet. ???I??™d have a paycheck on a Friday afternoon and it would be gone by Friday night. My relationships with my family and whoever I was dating, it just got out of control. I was lying, I was stealing, I was doing all these crazy things.???
As sports betting has been brought out of the shadows into everyday life, counselors say their challenge now is removing the stigma around seeking treatment for addiction ??” and they say they??™re making progress through increased awareness. That??™s been boosted with the help of $7 million set aside in the state??™s gambling expansion law in grants for treatment centers, which have used a lot of that money to bolster advertising.
The Way Back Inn is one of only a handful of addiction treatment centers in Illinois that provide a gambling-specific program. Sun-Times file.
???One of the biggest barriers to treatment is stigma, especially for gambling,??? said Garate, from the Gateway Foundation. ???People don??™t see it as a real addiction. It is, and help is out there.???
Just how many people need help is unclear. Experts generally estimate that between 2% and 5% of the population deal with gambling disorder, which would project to about 635,000 people across Illinois, including about 136,000 in Chicago.
TO GET HELP.
For more information on problem gambling support, call 1-800-GAMBLER or text ???ILGAMB??? to 53342.
But there??™s been no comprehensive study of the problem in Illinois since 1999, well before video slots dotted the walls at thousands of establishments across the state and sportsbooks were accessible anywhere that had a cellphone signal.
???You have to believe those numbers are different now,??? Thielen said.
The state Department of Human Services is out to find out just how much they??™ve shifted with the onslaught of gambling options. The agency launched a $500,000 study last fall surveying treatment providers, problem gamblers and others to gauge the prevalence of addiction, especially among populations considered vulnerable or marginalized due to race, culture, economic or social disparity.
???We want to know what??™s the challenge, and what should we look for,??? said David Jones, who directs the department??™s Substance Use Prevention and Recovery Division. ???Then, you can start to bring more evidence-based solutions on a size consistent with the scale of the challenge.???


Online sports betting to launch in Michigan this month.
LANSING, Mich. ??” Online sports betting is set to launch throughout Michigan in mid-January.
So far, fifteen sportsbooks have been approved for launch. Two, Fanduel and DraftKings, are already offering pre-registration deals for Michiganders who sign up before actual betting can begin.
As he tells Fox 47, the launch of legal sports gambling means more opportunities to wager.
???For a Michigander that probably means you are going to have more access to legal sports betting with the launch of mobile sports betting,??? said John Holden, an assistant professor of business at Oklahoma State University who studies federal and state regulation of sports gambling.
Mobile sports gambling can be done right from a bettor??™s phone through sportsbook applications that follow location and age verification protocol as defined by the state??™s Gaming and Control Board.
Holden says casinos that introduce their own sportsbooks to the digital landscape could see more engagement as programs begin to launch.
???For the past few months, sports betting has been available in some casinos though, of course, access to those casinos has been limited over the past few months due to the COVID-19 pandemic,??? Holden explained.
State-governed casinos are being hit hard by COVID-19 closures and reduced capacity measures. Table game and slots revenue dropped by over sixty-one percent compared to November 2019.
???I think there??™s some pent-up demand," said Richard Kalm, executive director of the Michigan Gaming and Control Board. "The casinos were only open at fifteen percent capacity in October, and November was only half a month because, remember, we had to close because of COVID."
Michigan is the twentieth state to legalize online sports betting. Other states have seen online sports take over the gambling scene in 2020.
???What we have seen is that states that have both brick and mortar sports betting and mobile betting are seeing upwards of 80 percent, 85 percent, New Jersey at one point was at 93 percent of the revenue was coming from mobile betting,??? Holden said.
According to Kalm, the process is now in the hands of casinos and sportsbook applications to make sure they??™re able to launch. To be cleared, these entities must be compliant with safe gambling guidelines laid out by the state.
???At this point, we??™re waiting for the independent test labs that test the software and the types of games and also the geolocation to make sure that they have geolocation properly in place, their internal controls, and their age verification in place,??? Kalm said.
Kalm said he and the control board are keeping safe betting in mind throughout this process. But, as Holden warns, the risk may not be preventable.
???There??™s always risk associated with gambling. However, in a regulated environment like what??™s launching in Michigan soon, those risks can be controlled to some degree.???
FireKeepers Casino in Battle Creek was the first tribal casino in Michigan to implement sports betting back in June. They are expected to embrace digital sports gambling but haven??™t released a launch timeline.
Soaring Eagle Casino near Mount Pleasant announced in November that they would be adding in-person sports betting, but have yet to comment on the possibility of going digital.
Online poker, slots and more casino classics also on their way to Michigan, Kalm said, possibly as soon as February.
Want to see more local news? Visit the FOX47News Website .
Stay in touch with us anytime, anywhere.
Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.




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?»?The Week In Sports Betting News: VA Sportsbooks Continue Piecemeal Rollout.
Happy Monday , everyone. There was plenty of interesting sports betting news last week despite GameStop and retail stock market investors dominating headlines.
The latest LSR Podcast discussed the two recent US sports betting launches in Michigan and Virginia . The team also discussed the recent trend of buying daily fantasy sports companies.
Make sure you??™re following @LSPReport on Twitter as well for breaking news updates.
Top sports betting story: Virginia sports betting continues slow rollout.
Sports betting in Virginia launched Jan. 21, but there still are just four operators live.
BetMGM and BetRivers joined FanDuel Sportsbook and DraftKings Sportsbook in the market last week. BetMGM received an untethered mobile license while BetRivers launched under Rush Street ??™s eventual casino license.
It would appear William Hill is next in line, with Caesars Virginia receiving its permit Wednesday. After that, who knows when we??™ll get the next bit of sports betting news from the state: The Virginia Lottery is keeping the process very secretive with licensee information only available as its website updates.
Tennessee gets two more sportsbooks as well.
It??™s go time for William Hill and WynnBET in the hot Tennessee sports betting market ??“ but not until after the Super Bowl .
Both operators received approval at Friday??™s Tennessee Education Lottery special meeting but have more to do before they can launch. Tennessee is also still waiting for Churchill Downs ??? TwinSpire to join the market.
The four launched sportsbooks ??“ Action 24/7 , BetMGM, DraftKings and FanDuel ??“ are likely thrilled to be the only operators so far. Tennessee??™s online-only market set a launch record with $131.4 million in handle in November followed by $180.9 million in December .
Those two months combined for $27.1 million in operator revenue.
Northeast states staying busy on sports betting.
Maybe there??™s something more to the water in the Northeast than just making perfect bagels and rolls.
Connecticut and Massachusetts are both trying to legalize sports betting while New York is taking a step forward and back simultaneously.
Sports betting in Connecticut is a bit tricky because of the gaming exclusivity granted long ago to the Mashantucket Pequot and Mohegan tribes. All sides called for compromise at a hearing last Tuesday, but no one seems ready to make a sacrifice first.
Massachusetts sports betting is again supported by Sen. Brendan Crighton , who reconfigured his 2020 bill with higher upfront fees that would generate tens of millions for the state.
And then there??™s New York. Sports betting in New York is already legal, but only through retail casinos. For questionable reasons, Gov. Andrew Cuomo and his team think the best option is to limit the market to potentially just one mobile operator.
Nevada sports betting handle falls in 2020.
Fewer people traveling and an upended sports calendar because of the coronavirus handed Nevada ???s sportsbooks a 20% dip in annual revenue and 19% decrease for handle.
Revenue for the full year was $262.8 million , about $7 million behind the leader, Pennsylvania . Handle was $4.3 billion.
Part of the decline can be blamed on Nevada??™s market since it requires in-person registration for mobile wagering accounts.
Investor Ader talks gaming SPACS.
Jason Ader called FanDuel and PokerStars parent company Flutter the potential Tesla of the gaming industry, and detailed some of his potential SPAC targets in an LSR Q+A .
Ader, who had two SPACs more than a decade ago and recently raised $275 million through Capital 26 , is currently considering four targets.
Ader also touched on why he thinks MGM Resorts will eventually buy its BetMGM partner, Entain , and likened some current SPAC management teams to old Fords instead of Ferraris or Rolls Royces .
Elsewhere, LSR??™s Brad Allen also dove into how mergers and acquisitions could change the shape of US sports betting this year.


Latest Betting News.
We provide daily sports betting news for the United States market. We cover the news relevant to the legality of betting in the United States. We focus on online sports betting , but also cover daily fantasy sports, online casino, online poker, online lottery and horse racing. We provide progress updates on legislation in each state, industry partnership, interviews and more.
We provide opinion pieces and editorial articles on the industry. We cover odds and analysis for the NFL, NBA, MLB, NHL, PGA and a number of other sports. Our latest addition is an eSports news category.


Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
The number of Illinoisans seeking help for problem gambling has almost doubled since legislators approved a massive gambling expansion in 2019. Experts expect that number to keep growing.
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Share All sharing options for: Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
A man who requested that he only be identified as Anthony stands by a window in a high-rise condo near Soldier Field on Friday. The Tinley Park man is a recovering sports gambling addict. Tyler LaRiviere/Sun-Times.
Thousands of football fans will be placing their first legal Super Bowl bets in Illinois this weekend, and for most, a little action will make the big game just a bit more entertaining.
But, for some, it might open the door to regular betting, adding a quick dopamine hit to the regular season viewing experience. Maybe they??™ll have to start budgeting for a new habit. Maybe they??™ll have to start borrowing for it.
And, for a select few, it will get worse.
It??™s already gotten worse for hundreds of people statewide since Illinois legislators approved a massive gaming expansion a year and a half ago, introducing legal sports wagering to a state that??™s already packed with more places to gamble than Las Vegas.
The COVID-19 pandemic has made matters even worse, according to Luke, a Chicago-area problem gambler who was able to get out of the game nine years ago. Economic uncertainty and the general malaise of the quarantine lifestyle make gambling all the more enticing.
???It used to be that there was a stigma, and gambling was taboo. It was seedy,??? said Luke, who asked that his full name not be used. ???Now, you can do it on your phone. The companies that are doing it are publicly traded Fortune 500 companies.???
A man who asked that he only be identified as Anthony reads news about the Super Bowl on his phone Friday. Tyler LaRiviere/Sun-Times.
Calls to the state??™s gambling disorder hotline more than doubled from 2019 to 2020, when 13,258 people reached out either there or online for information on a problem that experts say is out of sight but front of mind for a growing number of bettors and their families. The Illinois Department of Human Services, which aims to connect problem gamblers with counseling resources, calls that a ???dramatic increase.???
In 2019, about 580 people received treatment for gambling disorders through state-sponsored programs across Illinois. That figure jumped past 1,000 in 2020, and experts say it doesn??™t even cut the deck as only an estimated 3% of problem gamblers acknowledge they have a problem, and even fewer seek treatment.
Counseling gets boost with Illinois gambling expansion ??” but more addiction is sure to follow.
State??™s all-in gambling expansion offers new temptation for those struggling to stay out.
Hundreds more took the more drastic step of banning themselves from casinos and the smartphone betting apps that have them hooked. About 13,500 people were enrolled in the self-exclusion program maintained by regulators at the Illinois Gaming Board in mid-2019, but that number has since shot past 14,000.
Many of those gamblers cite their temptations as coming from the state??™s 10 casinos, three horse racing tracks and 7,233 bars, restaurants, gas stations and VFW halls that also house slot machines.
But since mobile sports betting launched last summer, Illinoisans can now gamble 24/7 from the comfort of home ??” and they??™ve already lost more than $101 million doing so, according to Gaming Board revenue figures.
Blackhawks analyst Eddie Olczyk placed Illinois first legal sports bet in March 2019. Gamblers across the state have wagered more than $1.4 billion since then ??” and lost $101 million. Ashlee Rezin Garcia/Sun-Times.
As the billion-dollar industry keeps growing, addiction counselors say they??™re hearing more and more from young people glued to the sports betting apps whose ads saturate Illinois airwaves and billboards.
???It??™s in your face all the time,??? said Dr. Teresa Garate of the Gateway Foundation, a network of 16 addiction treatment centers statewide. ???It??™s becoming a part of everyday life. Everyone accepts it, but it??™s a serious trigger for some.???
That??™s the case for Anthony, a 36-year-old recovering problem gambler from southwest suburban Tinley Park, who said he often finds himself changing the station as sports talk radio hosts dissect the latest betting lines.
???It??™ll just be too much, it??™s too close,??? Anthony said. ???Even though I don??™t think it??™ll lead me down there, I know better than to let my mind start thinking like that.???
Anthony reads his favorite passages from ???A Day at a Time??™ a book by Gamblers Anonymous. Tyler LaRiviere/Sun-Times.
Elizabeth Thielen, a senior director at Nicasa Behavioral Health Services, said she??™s seen yearly increases of people seeking help for gambling disorders across Chicago??™s north suburbs, but a ???real burst??? of clients has sought them out in the past nine months.
???The ages we??™re seeing are trending younger, and I think that??™s directly related to sports betting,??? Thielen said. ???At the same time, I feel hopeful because you have young people showing a surprising level of insight to find help.???
Way Back Inn executive director Anita Pindiur is pictured outside the Maywood facility in 2019. Sun-Times file.
While there??™s been an influx of new problem gamblers, the potential for relapse is an equal concern for Dr. Anita Pindiur, executive director of the Way Back Inn, a Maywood treatment center. About 10 former patients have already returned to the Way Back Inn for counseling this football season alone.
???Sometimes, we forget how quickly it can happen,??? Pindiur said. ???These things are advertised in a way that they??™re fun and entertaining, and they should be. But often there is no set of limits or recognition of the limits until we get our credit-card bill, or somebody points it out.???
Illinois sports betting market could rival Nevada??™s, analysts say.
Sports bettors have already wagered $1.4 billion since legal industry launched in Illinois.
COVID-19 puts new Illinois casino licenses on hold.
Besides financial ruin, experts say people who suffer from gambling addiction are more likely to suffer from substance abuse issues, turn to crime or even attempt suicide.
???I was losing everything,??? said Patrick, a 35-year-old Niles man who??™s 13 months removed from his last bet. ???I??™d have a paycheck on a Friday afternoon and it would be gone by Friday night. My relationships with my family and whoever I was dating, it just got out of control. I was lying, I was stealing, I was doing all these crazy things.???
As sports betting has been brought out of the shadows into everyday life, counselors say their challenge now is removing the stigma around seeking treatment for addiction ??” and they say they??™re making progress through increased awareness. That??™s been boosted with the help of $7 million set aside in the state??™s gambling expansion law in grants for treatment centers, which have used a lot of that money to bolster advertising.
The Way Back Inn is one of only a handful of addiction treatment centers in Illinois that provide a gambling-specific program. Sun-Times file.
???One of the biggest barriers to treatment is stigma, especially for gambling,??? said Garate, from the Gateway Foundation. ???People don??™t see it as a real addiction. It is, and help is out there.???
Just how many people need help is unclear. Experts generally estimate that between 2% and 5% of the population deal with gambling disorder, which would project to about 635,000 people across Illinois, including about 136,000 in Chicago.
TO GET HELP.
For more information on problem gambling support, call 1-800-GAMBLER or text ???ILGAMB??? to 53342.
But there??™s been no comprehensive study of the problem in Illinois since 1999, well before video slots dotted the walls at thousands of establishments across the state and sportsbooks were accessible anywhere that had a cellphone signal.
???You have to believe those numbers are different now,??? Thielen said.
The state Department of Human Services is out to find out just how much they??™ve shifted with the onslaught of gambling options. The agency launched a $500,000 study last fall surveying treatment providers, problem gamblers and others to gauge the prevalence of addiction, especially among populations considered vulnerable or marginalized due to race, culture, economic or social disparity.
???We want to know what??™s the challenge, and what should we look for,??? said David Jones, who directs the department??™s Substance Use Prevention and Recovery Division. ???Then, you can start to bring more evidence-based solutions on a size consistent with the scale of the challenge.???


Online sports betting to launch in Michigan this month.
LANSING, Mich. ??” Online sports betting is set to launch throughout Michigan in mid-January.
So far, fifteen sportsbooks have been approved for launch. Two, Fanduel and DraftKings, are already offering pre-registration deals for Michiganders who sign up before actual betting can begin.
As he tells Fox 47, the launch of legal sports gambling means more opportunities to wager.
???For a Michigander that probably means you are going to have more access to legal sports betting with the launch of mobile sports betting,??? said John Holden, an assistant professor of business at Oklahoma State University who studies federal and state regulation of sports gambling.
Mobile sports gambling can be done right from a bettor??™s phone through sportsbook applications that follow location and age verification protocol as defined by the state??™s Gaming and Control Board.
Holden says casinos that introduce their own sportsbooks to the digital landscape could see more engagement as programs begin to launch.
???For the past few months, sports betting has been available in some casinos though, of course, access to those casinos has been limited over the past few months due to the COVID-19 pandemic,??? Holden explained.
State-governed casinos are being hit hard by COVID-19 closures and reduced capacity measures. Table game and slots revenue dropped by over sixty-one percent compared to November 2019.
???I think there??™s some pent-up demand," said Richard Kalm, executive director of the Michigan Gaming and Control Board. "The casinos were only open at fifteen percent capacity in October, and November was only half a month because, remember, we had to close because of COVID."
Michigan is the twentieth state to legalize online sports betting. Other states have seen online sports take over the gambling scene in 2020.
???What we have seen is that states that have both brick and mortar sports betting and mobile betting are seeing upwards of 80 percent, 85 percent, New Jersey at one point was at 93 percent of the revenue was coming from mobile betting,??? Holden said.
According to Kalm, the process is now in the hands of casinos and sportsbook applications to make sure they??™re able to launch. To be cleared, these entities must be compliant with safe gambling guidelines laid out by the state.
???At this point, we??™re waiting for the independent test labs that test the software and the types of games and also the geolocation to make sure that they have geolocation properly in place, their internal controls, and their age verification in place,??? Kalm said.
Kalm said he and the control board are keeping safe betting in mind throughout this process. But, as Holden warns, the risk may not be preventable.
???There??™s always risk associated with gambling. However, in a regulated environment like what??™s launching in Michigan soon, those risks can be controlled to some degree.???
FireKeepers Casino in Battle Creek was the first tribal casino in Michigan to implement sports betting back in June. They are expected to embrace digital sports gambling but haven??™t released a launch timeline.
Soaring Eagle Casino near Mount Pleasant announced in November that they would be adding in-person sports betting, but have yet to comment on the possibility of going digital.
Online poker, slots and more casino classics also on their way to Michigan, Kalm said, possibly as soon as February.
Want to see more local news? Visit the FOX47News Website .
Stay in touch with us anytime, anywhere.
Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.




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?»?The Week In Sports Betting News: VA Sportsbooks Continue Piecemeal Rollout.
Happy Monday , everyone. There was plenty of interesting sports betting news last week despite GameStop and retail stock market investors dominating headlines.
The latest LSR Podcast discussed the two recent US sports betting launches in Michigan and Virginia . The team also discussed the recent trend of buying daily fantasy sports companies.
Make sure you??™re following @LSPReport on Twitter as well for breaking news updates.
Top sports betting story: Virginia sports betting continues slow rollout.
Sports betting in Virginia launched Jan. 21, but there still are just four operators live.
BetMGM and BetRivers joined FanDuel Sportsbook and DraftKings Sportsbook in the market last week. BetMGM received an untethered mobile license while BetRivers launched under Rush Street ??™s eventual casino license.
It would appear William Hill is next in line, with Caesars Virginia receiving its permit Wednesday. After that, who knows when we??™ll get the next bit of sports betting news from the state: The Virginia Lottery is keeping the process very secretive with licensee information only available as its website updates.
Tennessee gets two more sportsbooks as well.
It??™s go time for William Hill and WynnBET in the hot Tennessee sports betting market ??“ but not until after the Super Bowl .
Both operators received approval at Friday??™s Tennessee Education Lottery special meeting but have more to do before they can launch. Tennessee is also still waiting for Churchill Downs ??? TwinSpire to join the market.
The four launched sportsbooks ??“ Action 24/7 , BetMGM, DraftKings and FanDuel ??“ are likely thrilled to be the only operators so far. Tennessee??™s online-only market set a launch record with $131.4 million in handle in November followed by $180.9 million in December .
Those two months combined for $27.1 million in operator revenue.
Northeast states staying busy on sports betting.
Maybe there??™s something more to the water in the Northeast than just making perfect bagels and rolls.
Connecticut and Massachusetts are both trying to legalize sports betting while New York is taking a step forward and back simultaneously.
Sports betting in Connecticut is a bit tricky because of the gaming exclusivity granted long ago to the Mashantucket Pequot and Mohegan tribes. All sides called for compromise at a hearing last Tuesday, but no one seems ready to make a sacrifice first.
Massachusetts sports betting is again supported by Sen. Brendan Crighton , who reconfigured his 2020 bill with higher upfront fees that would generate tens of millions for the state.
And then there??™s New York. Sports betting in New York is already legal, but only through retail casinos. For questionable reasons, Gov. Andrew Cuomo and his team think the best option is to limit the market to potentially just one mobile operator.
Nevada sports betting handle falls in 2020.
Fewer people traveling and an upended sports calendar because of the coronavirus handed Nevada ???s sportsbooks a 20% dip in annual revenue and 19% decrease for handle.
Revenue for the full year was $262.8 million , about $7 million behind the leader, Pennsylvania . Handle was $4.3 billion.
Part of the decline can be blamed on Nevada??™s market since it requires in-person registration for mobile wagering accounts.
Investor Ader talks gaming SPACS.
Jason Ader called FanDuel and PokerStars parent company Flutter the potential Tesla of the gaming industry, and detailed some of his potential SPAC targets in an LSR Q+A .
Ader, who had two SPACs more than a decade ago and recently raised $275 million through Capital 26 , is currently considering four targets.
Ader also touched on why he thinks MGM Resorts will eventually buy its BetMGM partner, Entain , and likened some current SPAC management teams to old Fords instead of Ferraris or Rolls Royces .
Elsewhere, LSR??™s Brad Allen also dove into how mergers and acquisitions could change the shape of US sports betting this year.


Latest Betting News.
We provide daily sports betting news for the United States market. We cover the news relevant to the legality of betting in the United States. We focus on online sports betting , but also cover daily fantasy sports, online casino, online poker, online lottery and horse racing. We provide progress updates on legislation in each state, industry partnership, interviews and more.
We provide opinion pieces and editorial articles on the industry. We cover odds and analysis for the NFL, NBA, MLB, NHL, PGA and a number of other sports. Our latest addition is an eSports news category.


Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
The number of Illinoisans seeking help for problem gambling has almost doubled since legislators approved a massive gambling expansion in 2019. Experts expect that number to keep growing.
Share this story.
Share this on Facebook Share this on Twitter.
Share All sharing options for: Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
A man who requested that he only be identified as Anthony stands by a window in a high-rise condo near Soldier Field on Friday. The Tinley Park man is a recovering sports gambling addict. Tyler LaRiviere/Sun-Times.
Thousands of football fans will be placing their first legal Super Bowl bets in Illinois this weekend, and for most, a little action will make the big game just a bit more entertaining.
But, for some, it might open the door to regular betting, adding a quick dopamine hit to the regular season viewing experience. Maybe they??™ll have to start budgeting for a new habit. Maybe they??™ll have to start borrowing for it.
And, for a select few, it will get worse.
It??™s already gotten worse for hundreds of people statewide since Illinois legislators approved a massive gaming expansion a year and a half ago, introducing legal sports wagering to a state that??™s already packed with more places to gamble than Las Vegas.
The COVID-19 pandemic has made matters even worse, according to Luke, a Chicago-area problem gambler who was able to get out of the game nine years ago. Economic uncertainty and the general malaise of the quarantine lifestyle make gambling all the more enticing.
???It used to be that there was a stigma, and gambling was taboo. It was seedy,??? said Luke, who asked that his full name not be used. ???Now, you can do it on your phone. The companies that are doing it are publicly traded Fortune 500 companies.???
A man who asked that he only be identified as Anthony reads news about the Super Bowl on his phone Friday. Tyler LaRiviere/Sun-Times.
Calls to the state??™s gambling disorder hotline more than doubled from 2019 to 2020, when 13,258 people reached out either there or online for information on a problem that experts say is out of sight but front of mind for a growing number of bettors and their families. The Illinois Department of Human Services, which aims to connect problem gamblers with counseling resources, calls that a ???dramatic increase.???
In 2019, about 580 people received treatment for gambling disorders through state-sponsored programs across Illinois. That figure jumped past 1,000 in 2020, and experts say it doesn??™t even cut the deck as only an estimated 3% of problem gamblers acknowledge they have a problem, and even fewer seek treatment.
Counseling gets boost with Illinois gambling expansion ??” but more addiction is sure to follow.
State??™s all-in gambling expansion offers new temptation for those struggling to stay out.
Hundreds more took the more drastic step of banning themselves from casinos and the smartphone betting apps that have them hooked. About 13,500 people were enrolled in the self-exclusion program maintained by regulators at the Illinois Gaming Board in mid-2019, but that number has since shot past 14,000.
Many of those gamblers cite their temptations as coming from the state??™s 10 casinos, three horse racing tracks and 7,233 bars, restaurants, gas stations and VFW halls that also house slot machines.
But since mobile sports betting launched last summer, Illinoisans can now gamble 24/7 from the comfort of home ??” and they??™ve already lost more than $101 million doing so, according to Gaming Board revenue figures.
Blackhawks analyst Eddie Olczyk placed Illinois first legal sports bet in March 2019. Gamblers across the state have wagered more than $1.4 billion since then ??” and lost $101 million. Ashlee Rezin Garcia/Sun-Times.
As the billion-dollar industry keeps growing, addiction counselors say they??™re hearing more and more from young people glued to the sports betting apps whose ads saturate Illinois airwaves and billboards.
???It??™s in your face all the time,??? said Dr. Teresa Garate of the Gateway Foundation, a network of 16 addiction treatment centers statewide. ???It??™s becoming a part of everyday life. Everyone accepts it, but it??™s a serious trigger for some.???
That??™s the case for Anthony, a 36-year-old recovering problem gambler from southwest suburban Tinley Park, who said he often finds himself changing the station as sports talk radio hosts dissect the latest betting lines.
???It??™ll just be too much, it??™s too close,??? Anthony said. ???Even though I don??™t think it??™ll lead me down there, I know better than to let my mind start thinking like that.???
Anthony reads his favorite passages from ???A Day at a Time??™ a book by Gamblers Anonymous. Tyler LaRiviere/Sun-Times.
Elizabeth Thielen, a senior director at Nicasa Behavioral Health Services, said she??™s seen yearly increases of people seeking help for gambling disorders across Chicago??™s north suburbs, but a ???real burst??? of clients has sought them out in the past nine months.
???The ages we??™re seeing are trending younger, and I think that??™s directly related to sports betting,??? Thielen said. ???At the same time, I feel hopeful because you have young people showing a surprising level of insight to find help.???
Way Back Inn executive director Anita Pindiur is pictured outside the Maywood facility in 2019. Sun-Times file.
While there??™s been an influx of new problem gamblers, the potential for relapse is an equal concern for Dr. Anita Pindiur, executive director of the Way Back Inn, a Maywood treatment center. About 10 former patients have already returned to the Way Back Inn for counseling this football season alone.
???Sometimes, we forget how quickly it can happen,??? Pindiur said. ???These things are advertised in a way that they??™re fun and entertaining, and they should be. But often there is no set of limits or recognition of the limits until we get our credit-card bill, or somebody points it out.???
Illinois sports betting market could rival Nevada??™s, analysts say.
Sports bettors have already wagered $1.4 billion since legal industry launched in Illinois.
COVID-19 puts new Illinois casino licenses on hold.
Besides financial ruin, experts say people who suffer from gambling addiction are more likely to suffer from substance abuse issues, turn to crime or even attempt suicide.
???I was losing everything,??? said Patrick, a 35-year-old Niles man who??™s 13 months removed from his last bet. ???I??™d have a paycheck on a Friday afternoon and it would be gone by Friday night. My relationships with my family and whoever I was dating, it just got out of control. I was lying, I was stealing, I was doing all these crazy things.???
As sports betting has been brought out of the shadows into everyday life, counselors say their challenge now is removing the stigma around seeking treatment for addiction ??” and they say they??™re making progress through increased awareness. That??™s been boosted with the help of $7 million set aside in the state??™s gambling expansion law in grants for treatment centers, which have used a lot of that money to bolster advertising.
The Way Back Inn is one of only a handful of addiction treatment centers in Illinois that provide a gambling-specific program. Sun-Times file.
???One of the biggest barriers to treatment is stigma, especially for gambling,??? said Garate, from the Gateway Foundation. ???People don??™t see it as a real addiction. It is, and help is out there.???
Just how many people need help is unclear. Experts generally estimate that between 2% and 5% of the population deal with gambling disorder, which would project to about 635,000 people across Illinois, including about 136,000 in Chicago.
TO GET HELP.
For more information on problem gambling support, call 1-800-GAMBLER or text ???ILGAMB??? to 53342.
But there??™s been no comprehensive study of the problem in Illinois since 1999, well before video slots dotted the walls at thousands of establishments across the state and sportsbooks were accessible anywhere that had a cellphone signal.
???You have to believe those numbers are different now,??? Thielen said.
The state Department of Human Services is out to find out just how much they??™ve shifted with the onslaught of gambling options. The agency launched a $500,000 study last fall surveying treatment providers, problem gamblers and others to gauge the prevalence of addiction, especially among populations considered vulnerable or marginalized due to race, culture, economic or social disparity.
???We want to know what??™s the challenge, and what should we look for,??? said David Jones, who directs the department??™s Substance Use Prevention and Recovery Division. ???Then, you can start to bring more evidence-based solutions on a size consistent with the scale of the challenge.???


Online sports betting to launch in Michigan this month.
LANSING, Mich. ??” Online sports betting is set to launch throughout Michigan in mid-January.
So far, fifteen sportsbooks have been approved for launch. Two, Fanduel and DraftKings, are already offering pre-registration deals for Michiganders who sign up before actual betting can begin.
As he tells Fox 47, the launch of legal sports gambling means more opportunities to wager.
???For a Michigander that probably means you are going to have more access to legal sports betting with the launch of mobile sports betting,??? said John Holden, an assistant professor of business at Oklahoma State University who studies federal and state regulation of sports gambling.
Mobile sports gambling can be done right from a bettor??™s phone through sportsbook applications that follow location and age verification protocol as defined by the state??™s Gaming and Control Board.
Holden says casinos that introduce their own sportsbooks to the digital landscape could see more engagement as programs begin to launch.
???For the past few months, sports betting has been available in some casinos though, of course, access to those casinos has been limited over the past few months due to the COVID-19 pandemic,??? Holden explained.
State-governed casinos are being hit hard by COVID-19 closures and reduced capacity measures. Table game and slots revenue dropped by over sixty-one percent compared to November 2019.
???I think there??™s some pent-up demand," said Richard Kalm, executive director of the Michigan Gaming and Control Board. "The casinos were only open at fifteen percent capacity in October, and November was only half a month because, remember, we had to close because of COVID."
Michigan is the twentieth state to legalize online sports betting. Other states have seen online sports take over the gambling scene in 2020.
???What we have seen is that states that have both brick and mortar sports betting and mobile betting are seeing upwards of 80 percent, 85 percent, New Jersey at one point was at 93 percent of the revenue was coming from mobile betting,??? Holden said.
According to Kalm, the process is now in the hands of casinos and sportsbook applications to make sure they??™re able to launch. To be cleared, these entities must be compliant with safe gambling guidelines laid out by the state.
???At this point, we??™re waiting for the independent test labs that test the software and the types of games and also the geolocation to make sure that they have geolocation properly in place, their internal controls, and their age verification in place,??? Kalm said.
Kalm said he and the control board are keeping safe betting in mind throughout this process. But, as Holden warns, the risk may not be preventable.
???There??™s always risk associated with gambling. However, in a regulated environment like what??™s launching in Michigan soon, those risks can be controlled to some degree.???
FireKeepers Casino in Battle Creek was the first tribal casino in Michigan to implement sports betting back in June. They are expected to embrace digital sports gambling but haven??™t released a launch timeline.
Soaring Eagle Casino near Mount Pleasant announced in November that they would be adding in-person sports betting, but have yet to comment on the possibility of going digital.
Online poker, slots and more casino classics also on their way to Michigan, Kalm said, possibly as soon as February.
Want to see more local news? Visit the FOX47News Website .
Stay in touch with us anytime, anywhere.
Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.




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?»?The Week In Sports Betting News: VA Sportsbooks Continue Piecemeal Rollout.
Happy Monday , everyone. There was plenty of interesting sports betting news last week despite GameStop and retail stock market investors dominating headlines.
The latest LSR Podcast discussed the two recent US sports betting launches in Michigan and Virginia . The team also discussed the recent trend of buying daily fantasy sports companies.
Make sure you??™re following @LSPReport on Twitter as well for breaking news updates.
Top sports betting story: Virginia sports betting continues slow rollout.
Sports betting in Virginia launched Jan. 21, but there still are just four operators live.
BetMGM and BetRivers joined FanDuel Sportsbook and DraftKings Sportsbook in the market last week. BetMGM received an untethered mobile license while BetRivers launched under Rush Street ??™s eventual casino license.
It would appear William Hill is next in line, with Caesars Virginia receiving its permit Wednesday. After that, who knows when we??™ll get the next bit of sports betting news from the state: The Virginia Lottery is keeping the process very secretive with licensee information only available as its website updates.
Tennessee gets two more sportsbooks as well.
It??™s go time for William Hill and WynnBET in the hot Tennessee sports betting market ??“ but not until after the Super Bowl .
Both operators received approval at Friday??™s Tennessee Education Lottery special meeting but have more to do before they can launch. Tennessee is also still waiting for Churchill Downs ??? TwinSpire to join the market.
The four launched sportsbooks ??“ Action 24/7 , BetMGM, DraftKings and FanDuel ??“ are likely thrilled to be the only operators so far. Tennessee??™s online-only market set a launch record with $131.4 million in handle in November followed by $180.9 million in December .
Those two months combined for $27.1 million in operator revenue.
Northeast states staying busy on sports betting.
Maybe there??™s something more to the water in the Northeast than just making perfect bagels and rolls.
Connecticut and Massachusetts are both trying to legalize sports betting while New York is taking a step forward and back simultaneously.
Sports betting in Connecticut is a bit tricky because of the gaming exclusivity granted long ago to the Mashantucket Pequot and Mohegan tribes. All sides called for compromise at a hearing last Tuesday, but no one seems ready to make a sacrifice first.
Massachusetts sports betting is again supported by Sen. Brendan Crighton , who reconfigured his 2020 bill with higher upfront fees that would generate tens of millions for the state.
And then there??™s New York. Sports betting in New York is already legal, but only through retail casinos. For questionable reasons, Gov. Andrew Cuomo and his team think the best option is to limit the market to potentially just one mobile operator.
Nevada sports betting handle falls in 2020.
Fewer people traveling and an upended sports calendar because of the coronavirus handed Nevada ???s sportsbooks a 20% dip in annual revenue and 19% decrease for handle.
Revenue for the full year was $262.8 million , about $7 million behind the leader, Pennsylvania . Handle was $4.3 billion.
Part of the decline can be blamed on Nevada??™s market since it requires in-person registration for mobile wagering accounts.
Investor Ader talks gaming SPACS.
Jason Ader called FanDuel and PokerStars parent company Flutter the potential Tesla of the gaming industry, and detailed some of his potential SPAC targets in an LSR Q+A .
Ader, who had two SPACs more than a decade ago and recently raised $275 million through Capital 26 , is currently considering four targets.
Ader also touched on why he thinks MGM Resorts will eventually buy its BetMGM partner, Entain , and likened some current SPAC management teams to old Fords instead of Ferraris or Rolls Royces .
Elsewhere, LSR??™s Brad Allen also dove into how mergers and acquisitions could change the shape of US sports betting this year.


Latest Betting News.
We provide daily sports betting news for the United States market. We cover the news relevant to the legality of betting in the United States. We focus on online sports betting , but also cover daily fantasy sports, online casino, online poker, online lottery and horse racing. We provide progress updates on legislation in each state, industry partnership, interviews and more.
We provide opinion pieces and editorial articles on the industry. We cover odds and analysis for the NFL, NBA, MLB, NHL, PGA and a number of other sports. Our latest addition is an eSports news category.


Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
The number of Illinoisans seeking help for problem gambling has almost doubled since legislators approved a massive gambling expansion in 2019. Experts expect that number to keep growing.
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A man who requested that he only be identified as Anthony stands by a window in a high-rise condo near Soldier Field on Friday. The Tinley Park man is a recovering sports gambling addict. Tyler LaRiviere/Sun-Times.
Thousands of football fans will be placing their first legal Super Bowl bets in Illinois this weekend, and for most, a little action will make the big game just a bit more entertaining.
But, for some, it might open the door to regular betting, adding a quick dopamine hit to the regular season viewing experience. Maybe they??™ll have to start budgeting for a new habit. Maybe they??™ll have to start borrowing for it.
And, for a select few, it will get worse.
It??™s already gotten worse for hundreds of people statewide since Illinois legislators approved a massive gaming expansion a year and a half ago, introducing legal sports wagering to a state that??™s already packed with more places to gamble than Las Vegas.
The COVID-19 pandemic has made matters even worse, according to Luke, a Chicago-area problem gambler who was able to get out of the game nine years ago. Economic uncertainty and the general malaise of the quarantine lifestyle make gambling all the more enticing.
???It used to be that there was a stigma, and gambling was taboo. It was seedy,??? said Luke, who asked that his full name not be used. ???Now, you can do it on your phone. The companies that are doing it are publicly traded Fortune 500 companies.???
A man who asked that he only be identified as Anthony reads news about the Super Bowl on his phone Friday. Tyler LaRiviere/Sun-Times.
Calls to the state??™s gambling disorder hotline more than doubled from 2019 to 2020, when 13,258 people reached out either there or online for information on a problem that experts say is out of sight but front of mind for a growing number of bettors and their families. The Illinois Department of Human Services, which aims to connect problem gamblers with counseling resources, calls that a ???dramatic increase.???
In 2019, about 580 people received treatment for gambling disorders through state-sponsored programs across Illinois. That figure jumped past 1,000 in 2020, and experts say it doesn??™t even cut the deck as only an estimated 3% of problem gamblers acknowledge they have a problem, and even fewer seek treatment.
Counseling gets boost with Illinois gambling expansion ??” but more addiction is sure to follow.
State??™s all-in gambling expansion offers new temptation for those struggling to stay out.
Hundreds more took the more drastic step of banning themselves from casinos and the smartphone betting apps that have them hooked. About 13,500 people were enrolled in the self-exclusion program maintained by regulators at the Illinois Gaming Board in mid-2019, but that number has since shot past 14,000.
Many of those gamblers cite their temptations as coming from the state??™s 10 casinos, three horse racing tracks and 7,233 bars, restaurants, gas stations and VFW halls that also house slot machines.
But since mobile sports betting launched last summer, Illinoisans can now gamble 24/7 from the comfort of home ??” and they??™ve already lost more than $101 million doing so, according to Gaming Board revenue figures.
Blackhawks analyst Eddie Olczyk placed Illinois first legal sports bet in March 2019. Gamblers across the state have wagered more than $1.4 billion since then ??” and lost $101 million. Ashlee Rezin Garcia/Sun-Times.
As the billion-dollar industry keeps growing, addiction counselors say they??™re hearing more and more from young people glued to the sports betting apps whose ads saturate Illinois airwaves and billboards.
???It??™s in your face all the time,??? said Dr. Teresa Garate of the Gateway Foundation, a network of 16 addiction treatment centers statewide. ???It??™s becoming a part of everyday life. Everyone accepts it, but it??™s a serious trigger for some.???
That??™s the case for Anthony, a 36-year-old recovering problem gambler from southwest suburban Tinley Park, who said he often finds himself changing the station as sports talk radio hosts dissect the latest betting lines.
???It??™ll just be too much, it??™s too close,??? Anthony said. ???Even though I don??™t think it??™ll lead me down there, I know better than to let my mind start thinking like that.???
Anthony reads his favorite passages from ???A Day at a Time??™ a book by Gamblers Anonymous. Tyler LaRiviere/Sun-Times.
Elizabeth Thielen, a senior director at Nicasa Behavioral Health Services, said she??™s seen yearly increases of people seeking help for gambling disorders across Chicago??™s north suburbs, but a ???real burst??? of clients has sought them out in the past nine months.
???The ages we??™re seeing are trending younger, and I think that??™s directly related to sports betting,??? Thielen said. ???At the same time, I feel hopeful because you have young people showing a surprising level of insight to find help.???
Way Back Inn executive director Anita Pindiur is pictured outside the Maywood facility in 2019. Sun-Times file.
While there??™s been an influx of new problem gamblers, the potential for relapse is an equal concern for Dr. Anita Pindiur, executive director of the Way Back Inn, a Maywood treatment center. About 10 former patients have already returned to the Way Back Inn for counseling this football season alone.
???Sometimes, we forget how quickly it can happen,??? Pindiur said. ???These things are advertised in a way that they??™re fun and entertaining, and they should be. But often there is no set of limits or recognition of the limits until we get our credit-card bill, or somebody points it out.???
Illinois sports betting market could rival Nevada??™s, analysts say.
Sports bettors have already wagered $1.4 billion since legal industry launched in Illinois.
COVID-19 puts new Illinois casino licenses on hold.
Besides financial ruin, experts say people who suffer from gambling addiction are more likely to suffer from substance abuse issues, turn to crime or even attempt suicide.
???I was losing everything,??? said Patrick, a 35-year-old Niles man who??™s 13 months removed from his last bet. ???I??™d have a paycheck on a Friday afternoon and it would be gone by Friday night. My relationships with my family and whoever I was dating, it just got out of control. I was lying, I was stealing, I was doing all these crazy things.???
As sports betting has been brought out of the shadows into everyday life, counselors say their challenge now is removing the stigma around seeking treatment for addiction ??” and they say they??™re making progress through increased awareness. That??™s been boosted with the help of $7 million set aside in the state??™s gambling expansion law in grants for treatment centers, which have used a lot of that money to bolster advertising.
The Way Back Inn is one of only a handful of addiction treatment centers in Illinois that provide a gambling-specific program. Sun-Times file.
???One of the biggest barriers to treatment is stigma, especially for gambling,??? said Garate, from the Gateway Foundation. ???People don??™t see it as a real addiction. It is, and help is out there.???
Just how many people need help is unclear. Experts generally estimate that between 2% and 5% of the population deal with gambling disorder, which would project to about 635,000 people across Illinois, including about 136,000 in Chicago.
TO GET HELP.
For more information on problem gambling support, call 1-800-GAMBLER or text ???ILGAMB??? to 53342.
But there??™s been no comprehensive study of the problem in Illinois since 1999, well before video slots dotted the walls at thousands of establishments across the state and sportsbooks were accessible anywhere that had a cellphone signal.
???You have to believe those numbers are different now,??? Thielen said.
The state Department of Human Services is out to find out just how much they??™ve shifted with the onslaught of gambling options. The agency launched a $500,000 study last fall surveying treatment providers, problem gamblers and others to gauge the prevalence of addiction, especially among populations considered vulnerable or marginalized due to race, culture, economic or social disparity.
???We want to know what??™s the challenge, and what should we look for,??? said David Jones, who directs the department??™s Substance Use Prevention and Recovery Division. ???Then, you can start to bring more evidence-based solutions on a size consistent with the scale of the challenge.???


Online sports betting to launch in Michigan this month.
LANSING, Mich. ??” Online sports betting is set to launch throughout Michigan in mid-January.
So far, fifteen sportsbooks have been approved for launch. Two, Fanduel and DraftKings, are already offering pre-registration deals for Michiganders who sign up before actual betting can begin.
As he tells Fox 47, the launch of legal sports gambling means more opportunities to wager.
???For a Michigander that probably means you are going to have more access to legal sports betting with the launch of mobile sports betting,??? said John Holden, an assistant professor of business at Oklahoma State University who studies federal and state regulation of sports gambling.
Mobile sports gambling can be done right from a bettor??™s phone through sportsbook applications that follow location and age verification protocol as defined by the state??™s Gaming and Control Board.
Holden says casinos that introduce their own sportsbooks to the digital landscape could see more engagement as programs begin to launch.
???For the past few months, sports betting has been available in some casinos though, of course, access to those casinos has been limited over the past few months due to the COVID-19 pandemic,??? Holden explained.
State-governed casinos are being hit hard by COVID-19 closures and reduced capacity measures. Table game and slots revenue dropped by over sixty-one percent compared to November 2019.
???I think there??™s some pent-up demand," said Richard Kalm, executive director of the Michigan Gaming and Control Board. "The casinos were only open at fifteen percent capacity in October, and November was only half a month because, remember, we had to close because of COVID."
Michigan is the twentieth state to legalize online sports betting. Other states have seen online sports take over the gambling scene in 2020.
???What we have seen is that states that have both brick and mortar sports betting and mobile betting are seeing upwards of 80 percent, 85 percent, New Jersey at one point was at 93 percent of the revenue was coming from mobile betting,??? Holden said.
According to Kalm, the process is now in the hands of casinos and sportsbook applications to make sure they??™re able to launch. To be cleared, these entities must be compliant with safe gambling guidelines laid out by the state.
???At this point, we??™re waiting for the independent test labs that test the software and the types of games and also the geolocation to make sure that they have geolocation properly in place, their internal controls, and their age verification in place,??? Kalm said.
Kalm said he and the control board are keeping safe betting in mind throughout this process. But, as Holden warns, the risk may not be preventable.
???There??™s always risk associated with gambling. However, in a regulated environment like what??™s launching in Michigan soon, those risks can be controlled to some degree.???
FireKeepers Casino in Battle Creek was the first tribal casino in Michigan to implement sports betting back in June. They are expected to embrace digital sports gambling but haven??™t released a launch timeline.
Soaring Eagle Casino near Mount Pleasant announced in November that they would be adding in-person sports betting, but have yet to comment on the possibility of going digital.
Online poker, slots and more casino classics also on their way to Michigan, Kalm said, possibly as soon as February.
Want to see more local news? Visit the FOX47News Website .
Stay in touch with us anytime, anywhere.
Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.




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?»?The Week In Sports Betting News: VA Sportsbooks Continue Piecemeal Rollout.
Happy Monday , everyone. There was plenty of interesting sports betting news last week despite GameStop and retail stock market investors dominating headlines.
The latest LSR Podcast discussed the two recent US sports betting launches in Michigan and Virginia . The team also discussed the recent trend of buying daily fantasy sports companies.
Make sure you??™re following @LSPReport on Twitter as well for breaking news updates.
Top sports betting story: Virginia sports betting continues slow rollout.
Sports betting in Virginia launched Jan. 21, but there still are just four operators live.
BetMGM and BetRivers joined FanDuel Sportsbook and DraftKings Sportsbook in the market last week. BetMGM received an untethered mobile license while BetRivers launched under Rush Street ??™s eventual casino license.
It would appear William Hill is next in line, with Caesars Virginia receiving its permit Wednesday. After that, who knows when we??™ll get the next bit of sports betting news from the state: The Virginia Lottery is keeping the process very secretive with licensee information only available as its website updates.
Tennessee gets two more sportsbooks as well.
It??™s go time for William Hill and WynnBET in the hot Tennessee sports betting market ??“ but not until after the Super Bowl .
Both operators received approval at Friday??™s Tennessee Education Lottery special meeting but have more to do before they can launch. Tennessee is also still waiting for Churchill Downs ??? TwinSpire to join the market.
The four launched sportsbooks ??“ Action 24/7 , BetMGM, DraftKings and FanDuel ??“ are likely thrilled to be the only operators so far. Tennessee??™s online-only market set a launch record with $131.4 million in handle in November followed by $180.9 million in December .
Those two months combined for $27.1 million in operator revenue.
Northeast states staying busy on sports betting.
Maybe there??™s something more to the water in the Northeast than just making perfect bagels and rolls.
Connecticut and Massachusetts are both trying to legalize sports betting while New York is taking a step forward and back simultaneously.
Sports betting in Connecticut is a bit tricky because of the gaming exclusivity granted long ago to the Mashantucket Pequot and Mohegan tribes. All sides called for compromise at a hearing last Tuesday, but no one seems ready to make a sacrifice first.
Massachusetts sports betting is again supported by Sen. Brendan Crighton , who reconfigured his 2020 bill with higher upfront fees that would generate tens of millions for the state.
And then there??™s New York. Sports betting in New York is already legal, but only through retail casinos. For questionable reasons, Gov. Andrew Cuomo and his team think the best option is to limit the market to potentially just one mobile operator.
Nevada sports betting handle falls in 2020.
Fewer people traveling and an upended sports calendar because of the coronavirus handed Nevada ???s sportsbooks a 20% dip in annual revenue and 19% decrease for handle.
Revenue for the full year was $262.8 million , about $7 million behind the leader, Pennsylvania . Handle was $4.3 billion.
Part of the decline can be blamed on Nevada??™s market since it requires in-person registration for mobile wagering accounts.
Investor Ader talks gaming SPACS.
Jason Ader called FanDuel and PokerStars parent company Flutter the potential Tesla of the gaming industry, and detailed some of his potential SPAC targets in an LSR Q+A .
Ader, who had two SPACs more than a decade ago and recently raised $275 million through Capital 26 , is currently considering four targets.
Ader also touched on why he thinks MGM Resorts will eventually buy its BetMGM partner, Entain , and likened some current SPAC management teams to old Fords instead of Ferraris or Rolls Royces .
Elsewhere, LSR??™s Brad Allen also dove into how mergers and acquisitions could change the shape of US sports betting this year.


Latest Betting News.
We provide daily sports betting news for the United States market. We cover the news relevant to the legality of betting in the United States. We focus on online sports betting , but also cover daily fantasy sports, online casino, online poker, online lottery and horse racing. We provide progress updates on legislation in each state, industry partnership, interviews and more.
We provide opinion pieces and editorial articles on the industry. We cover odds and analysis for the NFL, NBA, MLB, NHL, PGA and a number of other sports. Our latest addition is an eSports news category.


Big game, big worries? Gambling addiction grows with Illinois??™ booming sports betting industry ??” ???It??™s in your face all the time??™
The number of Illinoisans seeking help for problem gambling has almost doubled since legislators approved a massive gambling expansion in 2019. Experts expect that number to keep growing.
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A man who requested that he only be identified as Anthony stands by a window in a high-rise condo near Soldier Field on Friday. The Tinley Park man is a recovering sports gambling addict. Tyler LaRiviere/Sun-Times.
Thousands of football fans will be placing their first legal Super Bowl bets in Illinois this weekend, and for most, a little action will make the big game just a bit more entertaining.
But, for some, it might open the door to regular betting, adding a quick dopamine hit to the regular season viewing experience. Maybe they??™ll have to start budgeting for a new habit. Maybe they??™ll have to start borrowing for it.
And, for a select few, it will get worse.
It??™s already gotten worse for hundreds of people statewide since Illinois legislators approved a massive gaming expansion a year and a half ago, introducing legal sports wagering to a state that??™s already packed with more places to gamble than Las Vegas.
The COVID-19 pandemic has made matters even worse, according to Luke, a Chicago-area problem gambler who was able to get out of the game nine years ago. Economic uncertainty and the general malaise of the quarantine lifestyle make gambling all the more enticing.
???It used to be that there was a stigma, and gambling was taboo. It was seedy,??? said Luke, who asked that his full name not be used. ???Now, you can do it on your phone. The companies that are doing it are publicly traded Fortune 500 companies.???
A man who asked that he only be identified as Anthony reads news about the Super Bowl on his phone Friday. Tyler LaRiviere/Sun-Times.
Calls to the state??™s gambling disorder hotline more than doubled from 2019 to 2020, when 13,258 people reached out either there or online for information on a problem that experts say is out of sight but front of mind for a growing number of bettors and their families. The Illinois Department of Human Services, which aims to connect problem gamblers with counseling resources, calls that a ???dramatic increase.???
In 2019, about 580 people received treatment for gambling disorders through state-sponsored programs across Illinois. That figure jumped past 1,000 in 2020, and experts say it doesn??™t even cut the deck as only an estimated 3% of problem gamblers acknowledge they have a problem, and even fewer seek treatment.
Counseling gets boost with Illinois gambling expansion ??” but more addiction is sure to follow.
State??™s all-in gambling expansion offers new temptation for those struggling to stay out.
Hundreds more took the more drastic step of banning themselves from casinos and the smartphone betting apps that have them hooked. About 13,500 people were enrolled in the self-exclusion program maintained by regulators at the Illinois Gaming Board in mid-2019, but that number has since shot past 14,000.
Many of those gamblers cite their temptations as coming from the state??™s 10 casinos, three horse racing tracks and 7,233 bars, restaurants, gas stations and VFW halls that also house slot machines.
But since mobile sports betting launched last summer, Illinoisans can now gamble 24/7 from the comfort of home ??” and they??™ve already lost more than $101 million doing so, according to Gaming Board revenue figures.
Blackhawks analyst Eddie Olczyk placed Illinois first legal sports bet in March 2019. Gamblers across the state have wagered more than $1.4 billion since then ??” and lost $101 million. Ashlee Rezin Garcia/Sun-Times.
As the billion-dollar industry keeps growing, addiction counselors say they??™re hearing more and more from young people glued to the sports betting apps whose ads saturate Illinois airwaves and billboards.
???It??™s in your face all the time,??? said Dr. Teresa Garate of the Gateway Foundation, a network of 16 addiction treatment centers statewide. ???It??™s becoming a part of everyday life. Everyone accepts it, but it??™s a serious trigger for some.???
That??™s the case for Anthony, a 36-year-old recovering problem gambler from southwest suburban Tinley Park, who said he often finds himself changing the station as sports talk radio hosts dissect the latest betting lines.
???It??™ll just be too much, it??™s too close,??? Anthony said. ???Even though I don??™t think it??™ll lead me down there, I know better than to let my mind start thinking like that.???
Anthony reads his favorite passages from ???A Day at a Time??™ a book by Gamblers Anonymous. Tyler LaRiviere/Sun-Times.
Elizabeth Thielen, a senior director at Nicasa Behavioral Health Services, said she??™s seen yearly increases of people seeking help for gambling disorders across Chicago??™s north suburbs, but a ???real burst??? of clients has sought them out in the past nine months.
???The ages we??™re seeing are trending younger, and I think that??™s directly related to sports betting,??? Thielen said. ???At the same time, I feel hopeful because you have young people showing a surprising level of insight to find help.???
Way Back Inn executive director Anita Pindiur is pictured outside the Maywood facility in 2019. Sun-Times file.
While there??™s been an influx of new problem gamblers, the potential for relapse is an equal concern for Dr. Anita Pindiur, executive director of the Way Back Inn, a Maywood treatment center. About 10 former patients have already returned to the Way Back Inn for counseling this football season alone.
???Sometimes, we forget how quickly it can happen,??? Pindiur said. ???These things are advertised in a way that they??™re fun and entertaining, and they should be. But often there is no set of limits or recognition of the limits until we get our credit-card bill, or somebody points it out.???
Illinois sports betting market could rival Nevada??™s, analysts say.
Sports bettors have already wagered $1.4 billion since legal industry launched in Illinois.
COVID-19 puts new Illinois casino licenses on hold.
Besides financial ruin, experts say people who suffer from gambling addiction are more likely to suffer from substance abuse issues, turn to crime or even attempt suicide.
???I was losing everything,??? said Patrick, a 35-year-old Niles man who??™s 13 months removed from his last bet. ???I??™d have a paycheck on a Friday afternoon and it would be gone by Friday night. My relationships with my family and whoever I was dating, it just got out of control. I was lying, I was stealing, I was doing all these crazy things.???
As sports betting has been brought out of the shadows into everyday life, counselors say their challenge now is removing the stigma around seeking treatment for addiction ??” and they say they??™re making progress through increased awareness. That??™s been boosted with the help of $7 million set aside in the state??™s gambling expansion law in grants for treatment centers, which have used a lot of that money to bolster advertising.
The Way Back Inn is one of only a handful of addiction treatment centers in Illinois that provide a gambling-specific program. Sun-Times file.
???One of the biggest barriers to treatment is stigma, especially for gambling,??? said Garate, from the Gateway Foundation. ???People don??™t see it as a real addiction. It is, and help is out there.???
Just how many people need help is unclear. Experts generally estimate that between 2% and 5% of the population deal with gambling disorder, which would project to about 635,000 people across Illinois, including about 136,000 in Chicago.
TO GET HELP.
For more information on problem gambling support, call 1-800-GAMBLER or text ???ILGAMB??? to 53342.
But there??™s been no comprehensive study of the problem in Illinois since 1999, well before video slots dotted the walls at thousands of establishments across the state and sportsbooks were accessible anywhere that had a cellphone signal.
???You have to believe those numbers are different now,??? Thielen said.
The state Department of Human Services is out to find out just how much they??™ve shifted with the onslaught of gambling options. The agency launched a $500,000 study last fall surveying treatment providers, problem gamblers and others to gauge the prevalence of addiction, especially among populations considered vulnerable or marginalized due to race, culture, economic or social disparity.
???We want to know what??™s the challenge, and what should we look for,??? said David Jones, who directs the department??™s Substance Use Prevention and Recovery Division. ???Then, you can start to bring more evidence-based solutions on a size consistent with the scale of the challenge.???


Online sports betting to launch in Michigan this month.
LANSING, Mich. ??” Online sports betting is set to launch throughout Michigan in mid-January.
So far, fifteen sportsbooks have been approved for launch. Two, Fanduel and DraftKings, are already offering pre-registration deals for Michiganders who sign up before actual betting can begin.
As he tells Fox 47, the launch of legal sports gambling means more opportunities to wager.
???For a Michigander that probably means you are going to have more access to legal sports betting with the launch of mobile sports betting,??? said John Holden, an assistant professor of business at Oklahoma State University who studies federal and state regulation of sports gambling.
Mobile sports gambling can be done right from a bettor??™s phone through sportsbook applications that follow location and age verification protocol as defined by the state??™s Gaming and Control Board.
Holden says casinos that introduce their own sportsbooks to the digital landscape could see more engagement as programs begin to launch.
???For the past few months, sports betting has been available in some casinos though, of course, access to those casinos has been limited over the past few months due to the COVID-19 pandemic,??? Holden explained.
State-governed casinos are being hit hard by COVID-19 closures and reduced capacity measures. Table game and slots revenue dropped by over sixty-one percent compared to November 2019.
???I think there??™s some pent-up demand," said Richard Kalm, executive director of the Michigan Gaming and Control Board. "The casinos were only open at fifteen percent capacity in October, and November was only half a month because, remember, we had to close because of COVID."
Michigan is the twentieth state to legalize online sports betting. Other states have seen online sports take over the gambling scene in 2020.
???What we have seen is that states that have both brick and mortar sports betting and mobile betting are seeing upwards of 80 percent, 85 percent, New Jersey at one point was at 93 percent of the revenue was coming from mobile betting,??? Holden said.
According to Kalm, the process is now in the hands of casinos and sportsbook applications to make sure they??™re able to launch. To be cleared, these entities must be compliant with safe gambling guidelines laid out by the state.
???At this point, we??™re waiting for the independent test labs that test the software and the types of games and also the geolocation to make sure that they have geolocation properly in place, their internal controls, and their age verification in place,??? Kalm said.
Kalm said he and the control board are keeping safe betting in mind throughout this process. But, as Holden warns, the risk may not be preventable.
???There??™s always risk associated with gambling. However, in a regulated environment like what??™s launching in Michigan soon, those risks can be controlled to some degree.???
FireKeepers Casino in Battle Creek was the first tribal casino in Michigan to implement sports betting back in June. They are expected to embrace digital sports gambling but haven??™t released a launch timeline.
Soaring Eagle Casino near Mount Pleasant announced in November that they would be adding in-person sports betting, but have yet to comment on the possibility of going digital.
Online poker, slots and more casino classics also on their way to Michigan, Kalm said, possibly as soon as February.
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Official website of sports bettor Steve Fezzik!
Celebrating 10 years!
CBB Game of the Week.
Super Bowl package is UP!
Official website of sports bettor Steve Fezzik!
Celebrating 10 years!
CBB Game of the Week.
Super Bowl package is UP!
HOOPS EXPERTS ON FIRE!!
Experts on FIRE!
Check back later.
Pregame Packages WILL NOT Profit Long Term!
Hear it from RJ himself!
Pregame packages WILL NOT profit long term!
I advise my clients to FADE Pregame plays and to PLAY ON my Experts plays!
Free Plays!
About Steve.
Fezzik is famous for his success. Steve has always been a unique guy, an extroverted Math Geek. A Chess Candidate Master (and High School State 2nd place finisher), later a Fellow in the Society Of Actuaries, Steve was a Vice President for a Major Los Angeles Insurance Company 1995-2001.
However, his passion was always getting the edge over the Casinos. Throughout the 1990s Fezzik would travel almost every weekend in the Fall to bet football in Nevada. By the late 1990s he was making more per hour doing this than his regular job, and enjoying it much more.
In 2001, Fezzik moved to Las Vegas and stayed under the radar initially. However, his success in high end sports betting tournaments put an end to that. During the decade Fezzik won six major sports betting tournaments, winning close to a million dollars!
Steve has been featured in numerous Magazines and Newspapers, including an exclusive by the LA Times on him. In 2013 Fezzik appeared in a prominent role in the movie

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Official website of sports bettor Steve Fezzik!
Celebrating 10 years!
CBB Game of the Week.
Super Bowl package is UP!
Official website of sports bettor Steve Fezzik!
Celebrating 10 years!
CBB Game of the Week.
Super Bowl package is UP!
HOOPS EXPERTS ON FIRE!!
Experts on FIRE!
Check back later.
Pregame Packages WILL NOT Profit Long Term!
Hear it from RJ himself!
Pregame packages WILL NOT profit long term!
I advise my clients to FADE Pregame plays and to PLAY ON my Experts plays!
Free Plays!
About Steve.
Fezzik is famous for his success. Steve has always been a unique guy, an extroverted Math Geek. A Chess Candidate Master (and High School State 2nd place finisher), later a Fellow in the Society Of Actuaries, Steve was a Vice President for a Major Los Angeles Insurance Company 1995-2001.
However, his passion was always getting the edge over the Casinos. Throughout the 1990s Fezzik would travel almost every weekend in the Fall to bet football in Nevada. By the late 1990s he was making more per hour doing this than his regular job, and enjoying it much more.
In 2001, Fezzik moved to Las Vegas and stayed under the radar initially. However, his success in high end sports betting tournaments put an end to that. During the decade Fezzik won six major sports betting tournaments, winning close to a million dollars!
Steve has been featured in numerous Magazines and Newspapers, including an exclusive by the LA Times on him. In 2013 Fezzik appeared in a prominent role in the movie "Life On The Line" (in which he was called "the best bettor in the world").
While Fezzik's expertise is sports gambling, he is well versed in all aspects of Advantage Gambling, and his resume includes poker tournament wins and a 3rd place finish in The "Blackjack Ball" THE annual competition of the world's best blackjack players.
Steve is known as an "advantage player", which is a style of wagering that relies heavily upon the use of probability, statistics and other mathematical techniques to maximize the "expected value" of wagers.


Famous Sports Bettors ??“ The Best Minds In The Business.
In the legal sports betting field, there are many major figures who have managed to make a full career out of betting on sports. Many celebrities indulge in sports betting on major events like the Super Bowl or NBA Finals, and some sports bettors make so much money off of a career of betting on sports that they become celebrities in their own right. Sports betting is really a window of opportunity as there are examples of high roller players cashing in big. Major names in the sports betting world all have stories to tell about the good and bad that comes with a professional sports betting life.
Sports bettors like Doc Holliday for example are one of the biggest names in gambling and have become the fixture to the public as the dark side of a career gambler. The professional gambler has seen the best possible outcomes of betting, as well as the fallout that comes with a life of gambling. Holliday has gone through downward-spiraling, the degenerate persona that most aligned itself with the idea of professional gambling ??“ a seedy calling in shady places, the office a smoke-filled den of booze, drugs, and dirty double-dealings. With the life that he has lived, many in the public view sports betting in this dark, underground life.
Of course, that??™s the myth aspect, and it really is just a fun, not so pretty fairy tale. Betting on sports is mainly a passed time done by regular sports fans and professional bettors are, for the most part, doing ok. The most famous bettors ??“ the people who have set the standard in the modern public psyche ??“ are basically just giant math nerds. These guys study the stats, the analytics of every game, team, and player, in order to calculate a prediction that can lead to a major win. If these guys weren??™t betting, they??™d be crunching crazy numbers and running advanced models at some Wall Street firm or yammering endlessly about sabermetrics and comic books on ESPN. Sure, they??™ve got ice in their veins, but for the most part, they??™re just numbers-obsessed adrenaline junkies and sports fans chasing a thrill.
This page will introduce you to some of the biggest and most successful famous sports bettors out there. These bettors have many tips and tricks that could be useful to the everyday bettor and have stories of their consistent wins, as well as losses. It is important to know about the wins and losses so that all sports bettors understand that legal sports betting is a risk-reward system. Higher the risk, the higher the potential reward. These analytical prodigies of luck and perfect timing all encompass the real example of a professional gambler.
What Do All Famous Sports Bettors Have In Common?
Famous sports bettors come from all different walks of life but they do share commonalities that are not just in the realm of winning large sums of money on sporting events. Every single person that??™s made a name for themselves in the sports wagering community, each has experienced trial and error when making their way to the top. No one is just born with the right strategy that works for them. It takes plenty of knowledge to play this game and be a success at it which is what makes gambling on sports a continuous learning experience.
Knowing how to research as well as a familiarity of the games, the numerous factors that go into each sport and the match being wagered on, and being skilled in numbers for both money management and the understanding of odds and bets are all things each famous sports bettor has learned. Of course, they will master these skills further as they gamble more and more but sports betting is really a numbers game. It all comes down to numbers, be it the odds or the money at stake and all bettors need to know these things. They also learn early on or not so early on to gamble conservatively until they find that strategic sweet spot that each one of them stumbles on at one point or another during their careers.
Having the discipline and self-control to bet only on the wagers that make sense for a payout is key. Shopping lines for the best wagers is a common practice among this crowd as well. And knowing that even the best gamblers will lose helps to ease the blow when it happens because each of these famous sports bettors has lost about as many times as they??™ve won, they??™ve just managed their money well enough that they??™re in the green rather than the red and that??™s a place every gambler of the games wants to be.
Ben ???Parlay Patz??? Patz William T. ???Billy??? Walters Haralabos ???Bob??? Voulgaris Jimmy Snyder John Price Marco D??™Angelo Teddy ???Covers??? Servansky Steve Fezzik Zeljko Ranogajec Anthony Grant ???Tony??? ???The Lizard??? Bloom Floyd ???Money??? Mayweather Bill ???KrackMan??? Krackomberger James ???Jeopardy??? Holzhauer Michael Jordan Charles Barkley Pete Rose Ashton Kutcher Gadoon ???Spanky??? Kyrollos.
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Ben ???Parlay Patz??? Patz.
Benjamin Tucker Patz was a rising star on the sports betting scene in 2019 at just the young age of 22. He was always interested in wagering on sporting events, becoming a member of an offshore sportsbook as soon as he was 18. Patz is a fan of mobile sports betting and he took his business out of New York and into New Jersey. Patz made his fame on a handful of parlay bets, which in less than two months??™ time, he managed to make almost $1M in payouts. Patz??™s strategy was to concoct massive 10, 12, even 20 leg parlays that hade huge payouts if hit. He was a phenom in the sports betting world and rose to stardom due to his success and money.
However, 2020 was not been the best of years for Parlay Patz. Ben was charged for threatening the lives of athletes and their family members after an FBI subpoena and warrant found that Patz had made over 300 death threats to professional and collegiate athletes. The transcripts were appalling, as Patz would message young college athletes on social media with death threats following a big loss that hurt Patz??™s bankroll. The investigation and trial are still early on; however, Patz did turn himself in, and has been released on bond awaiting trial. The young bettor known as Parlay Patz went from an amazing high to a great low but more on his story is expected through 2021.
Read how Parlay Patz became a household name, before finding himself behind bars.
William T. ???Billy??? Walters.
If you want to know about famous bettors, you??™ll want to know about Billy Walters. He holds the distinction of having ???bet more money more successfully than anyone in history,??? and he holds it closer to the vest than you might imagine. The glitz-and-glamor world of high stakes betting never seemed to attract Walters ??“ he often had employees, called ???runners,??? post his bets remotely. Yes, this was primarily driven by various real money sportsbooks in Vegas refusing to do business with the guy, but on some level, the isolation made his analysis and computer modeling even better. But nobody will ever know exactly how some alcoholic used car salesman from Kentucky ever broke his underdog mold to own the sports betting world; in the few interviews he??™s given over his 40-year professional life, he??™s never been particularly explicit about his methodologies. Walters is estimated to have earned roughly $300 million by taking on the stock market, real estate risks, and epic sportsbook gambles. Statistically speaking, there??™s no explanation for Walter??™s success. Everyone just assumes he broke science. And everyone knows he broke a heck of a lot better than even. Until recently, at least. Unfortunately, Walters??™ fortunes ran out ??“ at least temporarily ??“ in 2017, when he was convicted of insider trading on Dean Foods stock, fined $10 million, and sentenced to 5 years in the clink. Walters is scheduled for release on February 14, 2022, when he will be 75 years old.
Read Billy Walters??™ sports betting history here.
Haralabos ???Bob??? Voulgaris.
Bob Voulgaris is, by all modern accounts, the most prolific and successful NBA bettor on Earth. In the late 1990s at the age of just 25, Voulgaris was reportedly flipping a million dollars a day on basketball games. His most famous and profitable ???edge??? was in taking advantage of the unsophisticated way NBA bookmakers of the time predicted halftime scores. Since they rarely accounted for the aberrant burst of scoring in the fourth quarters of games, the industry standard was to take the presumed final score and merely cut it in half. That made it easy for Voulgaris to pounce on predictions that were far too high at the half, and it is thought that he made tens of millions of dollars during his peak. (Once the bookies wised up, the cash cow dried up, unfortunately.) Though he also relied on the broader statistical sciences of the times, he was also well-known for seeking out the ???tells??? and tendencies of head coaches Eddie Jordan, Jerry Sloan, and Byron Scott. Unsurprisingly, this style of play lends itself well to poker, where Voulgaris has accumulated almost $2 million in earnings to date.
Unlike the legendary Billy Walters above, Jon Price has a firm background in statistics and a mathematics degree from NYU. While he is noteworthy for a placing (and then winning ??“ we still can??™t believe they didn??™t hand Beast Mode the ball) a million bucks betting on Super Bowl XLIX and picking the Royals to win the World Series before the 2015 season started, Price operates more on the sports handicapping side of the business. He is also a frequent radio guest on sports betting shows throughout the entire country giving free picks and analysis on the week??™s games.


Famous Sports Bettors: Steve Fezzik Bio.
One of the most well-known sports bettors in the world is Steve Fezzik, as his ability to decipher statistical anomalies, especially on NFL wagers, has given him the title of ???The best NFL sports betting tournament player in the world.??? Fezzik was always tuned into sports betting from a young age. With the ability to solve mathematical equations quickly and the desire to know more about sports, he quickly found great success and the key to his gambling strategy.
A graduate of Northwestern University, Fezzik studied actuarial science and became a statistician in the insurance industry after college. Though he had much success in the insurance field, even making it to the level of Vice President of Transamerica Asset Management, Fezzik decided it would be best for him to focus on sports betting full time. He moved out to Las Vegas and immediately made his mark known, as getting banned for winning at a few casinos was just the start of his professional gambling career.
Fezzik Proves His Abilities To Vegas.
Even while employed in the insurance industry, Fezzik would take trips into Nevada to bet on the NFL. It is said that he was making more per hour as famous sports bettor, which was one of the main reasons he decided to leave his job behind. His plan was to just do well enough to get by but not enough that sportsbooks would take notice of him. At first, this plan worked, as he won close to a million dollars in the early 2000s through a variety of tournaments.
However, the ???bad luck??? of being known continued even further, as he won the Las Vegas Hilton SuperContest in 2008. Winning this tournament made Fezzik a face to remember in the gambling community but it wasn??™t long until everyone knew who he was when he repeated the next year, winning the contest again. Fezzik remains the only person to win the event twice and with the rapid expansion of this tournament in recent years, it is likely he will continue to hold this title.
The Use Of Math And Betting Strategy By Steve Fezzik.
Having the actuarial background and also being a high school state chess tournament runner up, the ability to be ahead the of the books has given Steve Fezzik the advantage. By using a variety of outlooks, he was able to confidently place wagers, especially when it came to advantage gambling. He has been on record stating that knowing about football isn??™t important to bet on but rather finding the discrepancies in the odds is crucial.
One of the favorite tactics he likes to use is waiting until right before a football game begins, taking note of the betting line at the opening and at the closing. If the line has moved remarkably in one direction, Fezzik likes to play the line on the opposite side, knowing that the books are only moving the lines to balance their books. Fezzik also claims that if you are engaging in live betting, you without a doubt need to watch the game in standard definition, as the HD feed is delayed anywhere from 5-7 seconds.
He also likes to look into the entirety of a betting line from the game score to the differences throughout each quarter and more. With each game, Fezzik has the ability to find the differences that make minor details stand out and is quick to exploit the ???errors??? by the oddsmakers. But above all, Fezzik states that looking at all 32 NFL teams is a mistake when attempting to wager. It is much better to lock down on 5 teams throughout the course of the season and learn every little detail about them each and every week.
Steve Fezzik??™s Pick Service.
Following Fezzik??™s Twitter account may allow you to have a bone thrown your way from time to time, but you are betting off signing up for his pick subscription services. After being featured in a variety of magazines and newspapers as well as participating in the movie ???Life On The Line???, future sports bettors are very excited to learn from one of the best.
Near the end of the 2000s and beginning of the 2010s, Fezzik sold picks but had a subpar record to his name, losing in three of the four NFL seasons. While still having a positive overall record, he wasn??™t quick to continue the title of best NFL bettors.
Fezzik Takes To The Podcast Realm.
With how things are going now, having a podcast seems to be the movement and Fezzik has followed the movement as well. This is where a lot of bettors would check out to get a lot of betting information on different matchups in all sports. The main thing that this does is help all players and the fact that Fezzick is trying to help others is huge. It is hard to find bettors who will help others be successful but Fezzik is one that doesn??™t mind going on his podcast helping others out to be as successful as he is.




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Official website of sports bettor Steve Fezzik!
Celebrating 10 years!
CBB Game of the Week.
Super Bowl package is UP!
Official website of sports bettor Steve Fezzik!
Celebrating 10 years!
CBB Game of the Week.
Super Bowl package is UP!
HOOPS EXPERTS ON FIRE!!
Experts on FIRE!
Check back later.
Pregame Packages WILL NOT Profit Long Term!
Hear it from RJ himself!
Pregame packages WILL NOT profit long term!
I advise my clients to FADE Pregame plays and to PLAY ON my Experts plays!
Free Plays!
About Steve.
Fezzik is famous for his success. Steve has always been a unique guy, an extroverted Math Geek. A Chess Candidate Master (and High School State 2nd place finisher), later a Fellow in the Society Of Actuaries, Steve was a Vice President for a Major Los Angeles Insurance Company 1995-2001.
However, his passion was always getting the edge over the Casinos. Throughout the 1990s Fezzik would travel almost every weekend in the Fall to bet football in Nevada. By the late 1990s he was making more per hour doing this than his regular job, and enjoying it much more.
In 2001, Fezzik moved to Las Vegas and stayed under the radar initially. However, his success in high end sports betting tournaments put an end to that. During the decade Fezzik won six major sports betting tournaments, winning close to a million dollars!
Steve has been featured in numerous Magazines and Newspapers, including an exclusive by the LA Times on him. In 2013 Fezzik appeared in a prominent role in the movie "Life On The Line" (in which he was called "the best bettor in the world").
While Fezzik's expertise is sports gambling, he is well versed in all aspects of Advantage Gambling, and his resume includes poker tournament wins and a 3rd place finish in The "Blackjack Ball" THE annual competition of the world's best blackjack players.
Steve is known as an "advantage player", which is a style of wagering that relies heavily upon the use of probability, statistics and other mathematical techniques to maximize the "expected value" of wagers.


Famous Sports Bettors ??“ The Best Minds In The Business.
In the legal sports betting field, there are many major figures who have managed to make a full career out of betting on sports. Many celebrities indulge in sports betting on major events like the Super Bowl or NBA Finals, and some sports bettors make so much money off of a career of betting on sports that they become celebrities in their own right. Sports betting is really a window of opportunity as there are examples of high roller players cashing in big. Major names in the sports betting world all have stories to tell about the good and bad that comes with a professional sports betting life.
Sports bettors like Doc Holliday for example are one of the biggest names in gambling and have become the fixture to the public as the dark side of a career gambler. The professional gambler has seen the best possible outcomes of betting, as well as the fallout that comes with a life of gambling. Holliday has gone through downward-spiraling, the degenerate persona that most aligned itself with the idea of professional gambling ??“ a seedy calling in shady places, the office a smoke-filled den of booze, drugs, and dirty double-dealings. With the life that he has lived, many in the public view sports betting in this dark, underground life.
Of course, that??™s the myth aspect, and it really is just a fun, not so pretty fairy tale. Betting on sports is mainly a passed time done by regular sports fans and professional bettors are, for the most part, doing ok. The most famous bettors ??“ the people who have set the standard in the modern public psyche ??“ are basically just giant math nerds. These guys study the stats, the analytics of every game, team, and player, in order to calculate a prediction that can lead to a major win. If these guys weren??™t betting, they??™d be crunching crazy numbers and running advanced models at some Wall Street firm or yammering endlessly about sabermetrics and comic books on ESPN. Sure, they??™ve got ice in their veins, but for the most part, they??™re just numbers-obsessed adrenaline junkies and sports fans chasing a thrill.
This page will introduce you to some of the biggest and most successful famous sports bettors out there. These bettors have many tips and tricks that could be useful to the everyday bettor and have stories of their consistent wins, as well as losses. It is important to know about the wins and losses so that all sports bettors understand that legal sports betting is a risk-reward system. Higher the risk, the higher the potential reward. These analytical prodigies of luck and perfect timing all encompass the real example of a professional gambler.
What Do All Famous Sports Bettors Have In Common?
Famous sports bettors come from all different walks of life but they do share commonalities that are not just in the realm of winning large sums of money on sporting events. Every single person that??™s made a name for themselves in the sports wagering community, each has experienced trial and error when making their way to the top. No one is just born with the right strategy that works for them. It takes plenty of knowledge to play this game and be a success at it which is what makes gambling on sports a continuous learning experience.
Knowing how to research as well as a familiarity of the games, the numerous factors that go into each sport and the match being wagered on, and being skilled in numbers for both money management and the understanding of odds and bets are all things each famous sports bettor has learned. Of course, they will master these skills further as they gamble more and more but sports betting is really a numbers game. It all comes down to numbers, be it the odds or the money at stake and all bettors need to know these things. They also learn early on or not so early on to gamble conservatively until they find that strategic sweet spot that each one of them stumbles on at one point or another during their careers.
Having the discipline and self-control to bet only on the wagers that make sense for a payout is key. Shopping lines for the best wagers is a common practice among this crowd as well. And knowing that even the best gamblers will lose helps to ease the blow when it happens because each of these famous sports bettors has lost about as many times as they??™ve won, they??™ve just managed their money well enough that they??™re in the green rather than the red and that??™s a place every gambler of the games wants to be.
Ben ???Parlay Patz??? Patz William T. ???Billy??? Walters Haralabos ???Bob??? Voulgaris Jimmy Snyder John Price Marco D??™Angelo Teddy ???Covers??? Servansky Steve Fezzik Zeljko Ranogajec Anthony Grant ???Tony??? ???The Lizard??? Bloom Floyd ???Money??? Mayweather Bill ???KrackMan??? Krackomberger James ???Jeopardy??? Holzhauer Michael Jordan Charles Barkley Pete Rose Ashton Kutcher Gadoon ???Spanky??? Kyrollos.
Rank Sportsbook Bonus Offer Play Now 1 50% Up To $250 Read Review Visit Bovada 2 50% New Member Bonus!Read Review Visit Betonline 3 50% Up To $1,000 Read Review Visit MyBookie 4 50% Up To $1,000 Read Review Visit Sportsbetting 5 100% Up To $300Read Review Visit XBet.
Ben ???Parlay Patz??? Patz.
Benjamin Tucker Patz was a rising star on the sports betting scene in 2019 at just the young age of 22. He was always interested in wagering on sporting events, becoming a member of an offshore sportsbook as soon as he was 18. Patz is a fan of mobile sports betting and he took his business out of New York and into New Jersey. Patz made his fame on a handful of parlay bets, which in less than two months??™ time, he managed to make almost $1M in payouts. Patz??™s strategy was to concoct massive 10, 12, even 20 leg parlays that hade huge payouts if hit. He was a phenom in the sports betting world and rose to stardom due to his success and money.
However, 2020 was not been the best of years for Parlay Patz. Ben was charged for threatening the lives of athletes and their family members after an FBI subpoena and warrant found that Patz had made over 300 death threats to professional and collegiate athletes. The transcripts were appalling, as Patz would message young college athletes on social media with death threats following a big loss that hurt Patz??™s bankroll. The investigation and trial are still early on; however, Patz did turn himself in, and has been released on bond awaiting trial. The young bettor known as Parlay Patz went from an amazing high to a great low but more on his story is expected through 2021.
Read how Parlay Patz became a household name, before finding himself behind bars.
William T. ???Billy??? Walters.
If you want to know about famous bettors, you??™ll want to know about Billy Walters. He holds the distinction of having ???bet more money more successfully than anyone in history,??? and he holds it closer to the vest than you might imagine. The glitz-and-glamor world of high stakes betting never seemed to attract Walters ??“ he often had employees, called ???runners,??? post his bets remotely. Yes, this was primarily driven by various real money sportsbooks in Vegas refusing to do business with the guy, but on some level, the isolation made his analysis and computer modeling even better. But nobody will ever know exactly how some alcoholic used car salesman from Kentucky ever broke his underdog mold to own the sports betting world; in the few interviews he??™s given over his 40-year professional life, he??™s never been particularly explicit about his methodologies. Walters is estimated to have earned roughly $300 million by taking on the stock market, real estate risks, and epic sportsbook gambles. Statistically speaking, there??™s no explanation for Walter??™s success. Everyone just assumes he broke science. And everyone knows he broke a heck of a lot better than even. Until recently, at least. Unfortunately, Walters??™ fortunes ran out ??“ at least temporarily ??“ in 2017, when he was convicted of insider trading on Dean Foods stock, fined $10 million, and sentenced to 5 years in the clink. Walters is scheduled for release on February 14, 2022, when he will be 75 years old.
Read Billy Walters??™ sports betting history here.
Haralabos ???Bob??? Voulgaris.
Bob Voulgaris is, by all modern accounts, the most prolific and successful NBA bettor on Earth. In the late 1990s at the age of just 25, Voulgaris was reportedly flipping a million dollars a day on basketball games. His most famous and profitable ???edge??? was in taking advantage of the unsophisticated way NBA bookmakers of the time predicted halftime scores. Since they rarely accounted for the aberrant burst of scoring in the fourth quarters of games, the industry standard was to take the presumed final score and merely cut it in half. That made it easy for Voulgaris to pounce on predictions that were far too high at the half, and it is thought that he made tens of millions of dollars during his peak. (Once the bookies wised up, the cash cow dried up, unfortunately.) Though he also relied on the broader statistical sciences of the times, he was also well-known for seeking out the ???tells??? and tendencies of head coaches Eddie Jordan, Jerry Sloan, and Byron Scott. Unsurprisingly, this style of play lends itself well to poker, where Voulgaris has accumulated almost $2 million in earnings to date.
Unlike the legendary Billy Walters above, Jon Price has a firm background in statistics and a mathematics degree from NYU. While he is noteworthy for a placing (and then winning ??“ we still can??™t believe they didn??™t hand Beast Mode the ball) a million bucks betting on Super Bowl XLIX and picking the Royals to win the World Series before the 2015 season started, Price operates more on the sports handicapping side of the business. He is also a frequent radio guest on sports betting shows throughout the entire country giving free picks and analysis on the week??™s games.


Famous Sports Bettors: Steve Fezzik Bio.
One of the most well-known sports bettors in the world is Steve Fezzik, as his ability to decipher statistical anomalies, especially on NFL wagers, has given him the title of ???The best NFL sports betting tournament player in the world.??? Fezzik was always tuned into sports betting from a young age. With the ability to solve mathematical equations quickly and the desire to know more about sports, he quickly found great success and the key to his gambling strategy.
A graduate of Northwestern University, Fezzik studied actuarial science and became a statistician in the insurance industry after college. Though he had much success in the insurance field, even making it to the level of Vice President of Transamerica Asset Management, Fezzik decided it would be best for him to focus on sports betting full time. He moved out to Las Vegas and immediately made his mark known, as getting banned for winning at a few casinos was just the start of his professional gambling career.
Fezzik Proves His Abilities To Vegas.
Even while employed in the insurance industry, Fezzik would take trips into Nevada to bet on the NFL. It is said that he was making more per hour as famous sports bettor, which was one of the main reasons he decided to leave his job behind. His plan was to just do well enough to get by but not enough that sportsbooks would take notice of him. At first, this plan worked, as he won close to a million dollars in the early 2000s through a variety of tournaments.
However, the ???bad luck??? of being known continued even further, as he won the Las Vegas Hilton SuperContest in 2008. Winning this tournament made Fezzik a face to remember in the gambling community but it wasn??™t long until everyone knew who he was when he repeated the next year, winning the contest again. Fezzik remains the only person to win the event twice and with the rapid expansion of this tournament in recent years, it is likely he will continue to hold this title.
The Use Of Math And Betting Strategy By Steve Fezzik.
Having the actuarial background and also being a high school state chess tournament runner up, the ability to be ahead the of the books has given Steve Fezzik the advantage. By using a variety of outlooks, he was able to confidently place wagers, especially when it came to advantage gambling. He has been on record stating that knowing about football isn??™t important to bet on but rather finding the discrepancies in the odds is crucial.
One of the favorite tactics he likes to use is waiting until right before a football game begins, taking note of the betting line at the opening and at the closing. If the line has moved remarkably in one direction, Fezzik likes to play the line on the opposite side, knowing that the books are only moving the lines to balance their books. Fezzik also claims that if you are engaging in live betting, you without a doubt need to watch the game in standard definition, as the HD feed is delayed anywhere from 5-7 seconds.
He also likes to look into the entirety of a betting line from the game score to the differences throughout each quarter and more. With each game, Fezzik has the ability to find the differences that make minor details stand out and is quick to exploit the ???errors??? by the oddsmakers. But above all, Fezzik states that looking at all 32 NFL teams is a mistake when attempting to wager. It is much better to lock down on 5 teams throughout the course of the season and learn every little detail about them each and every week.
Steve Fezzik??™s Pick Service.
Following Fezzik??™s Twitter account may allow you to have a bone thrown your way from time to time, but you are betting off signing up for his pick subscription services. After being featured in a variety of magazines and newspapers as well as participating in the movie ???Life On The Line???, future sports bettors are very excited to learn from one of the best.
Near the end of the 2000s and beginning of the 2010s, Fezzik sold picks but had a subpar record to his name, losing in three of the four NFL seasons. While still having a positive overall record, he wasn??™t quick to continue the title of best NFL bettors.
Fezzik Takes To The Podcast Realm.
With how things are going now, having a podcast seems to be the movement and Fezzik has followed the movement as well. This is where a lot of bettors would check out to get a lot of betting information on different matchups in all sports. The main thing that this does is help all players and the fact that Fezzick is trying to help others is huge. It is hard to find bettors who will help others be successful but Fezzik is one that doesn??™t mind going on his podcast helping others out to be as successful as he is.




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Official website of sports bettor Steve Fezzik!
Celebrating 10 years!
CBB Game of the Week.
Super Bowl package is UP!
Official website of sports bettor Steve Fezzik!
Celebrating 10 years!
CBB Game of the Week.
Super Bowl package is UP!
HOOPS EXPERTS ON FIRE!!
Experts on FIRE!
Check back later.
Pregame Packages WILL NOT Profit Long Term!
Hear it from RJ himself!
Pregame packages WILL NOT profit long term!
I advise my clients to FADE Pregame plays and to PLAY ON my Experts plays!
Free Plays!
About Steve.
Fezzik is famous for his success. Steve has always been a unique guy, an extroverted Math Geek. A Chess Candidate Master (and High School State 2nd place finisher), later a Fellow in the Society Of Actuaries, Steve was a Vice President for a Major Los Angeles Insurance Company 1995-2001.
However, his passion was always getting the edge over the Casinos. Throughout the 1990s Fezzik would travel almost every weekend in the Fall to bet football in Nevada. By the late 1990s he was making more per hour doing this than his regular job, and enjoying it much more.
In 2001, Fezzik moved to Las Vegas and stayed under the radar initially. However, his success in high end sports betting tournaments put an end to that. During the decade Fezzik won six major sports betting tournaments, winning close to a million dollars!
Steve has been featured in numerous Magazines and Newspapers, including an exclusive by the LA Times on him. In 2013 Fezzik appeared in a prominent role in the movie "Life On The Line" (in which he was called "the best bettor in the world").
While Fezzik's expertise is sports gambling, he is well versed in all aspects of Advantage Gambling, and his resume includes poker tournament wins and a 3rd place finish in The "Blackjack Ball" THE annual competition of the world's best blackjack players.
Steve is known as an "advantage player", which is a style of wagering that relies heavily upon the use of probability, statistics and other mathematical techniques to maximize the "expected value" of wagers.


Famous Sports Bettors ??“ The Best Minds In The Business.
In the legal sports betting field, there are many major figures who have managed to make a full career out of betting on sports. Many celebrities indulge in sports betting on major events like the Super Bowl or NBA Finals, and some sports bettors make so much money off of a career of betting on sports that they become celebrities in their own right. Sports betting is really a window of opportunity as there are examples of high roller players cashing in big. Major names in the sports betting world all have stories to tell about the good and bad that comes with a professional sports betting life.
Sports bettors like Doc Holliday for example are one of the biggest names in gambling and have become the fixture to the public as the dark side of a career gambler. The professional gambler has seen the best possible outcomes of betting, as well as the fallout that comes with a life of gambling. Holliday has gone through downward-spiraling, the degenerate persona that most aligned itself with the idea of professional gambling ??“ a seedy calling in shady places, the office a smoke-filled den of booze, drugs, and dirty double-dealings. With the life that he has lived, many in the public view sports betting in this dark, underground life.
Of course, that??™s the myth aspect, and it really is just a fun, not so pretty fairy tale. Betting on sports is mainly a passed time done by regular sports fans and professional bettors are, for the most part, doing ok. The most famous bettors ??“ the people who have set the standard in the modern public psyche ??“ are basically just giant math nerds. These guys study the stats, the analytics of every game, team, and player, in order to calculate a prediction that can lead to a major win. If these guys weren??™t betting, they??™d be crunching crazy numbers and running advanced models at some Wall Street firm or yammering endlessly about sabermetrics and comic books on ESPN. Sure, they??™ve got ice in their veins, but for the most part, they??™re just numbers-obsessed adrenaline junkies and sports fans chasing a thrill.
This page will introduce you to some of the biggest and most successful famous sports bettors out there. These bettors have many tips and tricks that could be useful to the everyday bettor and have stories of their consistent wins, as well as losses. It is important to know about the wins and losses so that all sports bettors understand that legal sports betting is a risk-reward system. Higher the risk, the higher the potential reward. These analytical prodigies of luck and perfect timing all encompass the real example of a professional gambler.
What Do All Famous Sports Bettors Have In Common?
Famous sports bettors come from all different walks of life but they do share commonalities that are not just in the realm of winning large sums of money on sporting events. Every single person that??™s made a name for themselves in the sports wagering community, each has experienced trial and error when making their way to the top. No one is just born with the right strategy that works for them. It takes plenty of knowledge to play this game and be a success at it which is what makes gambling on sports a continuous learning experience.
Knowing how to research as well as a familiarity of the games, the numerous factors that go into each sport and the match being wagered on, and being skilled in numbers for both money management and the understanding of odds and bets are all things each famous sports bettor has learned. Of course, they will master these skills further as they gamble more and more but sports betting is really a numbers game. It all comes down to numbers, be it the odds or the money at stake and all bettors need to know these things. They also learn early on or not so early on to gamble conservatively until they find that strategic sweet spot that each one of them stumbles on at one point or another during their careers.
Having the discipline and self-control to bet only on the wagers that make sense for a payout is key. Shopping lines for the best wagers is a common practice among this crowd as well. And knowing that even the best gamblers will lose helps to ease the blow when it happens because each of these famous sports bettors has lost about as many times as they??™ve won, they??™ve just managed their money well enough that they??™re in the green rather than the red and that??™s a place every gambler of the games wants to be.
Ben ???Parlay Patz??? Patz William T. ???Billy??? Walters Haralabos ???Bob??? Voulgaris Jimmy Snyder John Price Marco D??™Angelo Teddy ???Covers??? Servansky Steve Fezzik Zeljko Ranogajec Anthony Grant ???Tony??? ???The Lizard??? Bloom Floyd ???Money??? Mayweather Bill ???KrackMan??? Krackomberger James ???Jeopardy??? Holzhauer Michael Jordan Charles Barkley Pete Rose Ashton Kutcher Gadoon ???Spanky??? Kyrollos.
Rank Sportsbook Bonus Offer Play Now 1 50% Up To $250 Read Review Visit Bovada 2 50% New Member Bonus!Read Review Visit Betonline 3 50% Up To $1,000 Read Review Visit MyBookie 4 50% Up To $1,000 Read Review Visit Sportsbetting 5 100% Up To $300Read Review Visit XBet.
Ben ???Parlay Patz??? Patz.
Benjamin Tucker Patz was a rising star on the sports betting scene in 2019 at just the young age of 22. He was always interested in wagering on sporting events, becoming a member of an offshore sportsbook as soon as he was 18. Patz is a fan of mobile sports betting and he took his business out of New York and into New Jersey. Patz made his fame on a handful of parlay bets, which in less than two months??™ time, he managed to make almost $1M in payouts. Patz??™s strategy was to concoct massive 10, 12, even 20 leg parlays that hade huge payouts if hit. He was a phenom in the sports betting world and rose to stardom due to his success and money.
However, 2020 was not been the best of years for Parlay Patz. Ben was charged for threatening the lives of athletes and their family members after an FBI subpoena and warrant found that Patz had made over 300 death threats to professional and collegiate athletes. The transcripts were appalling, as Patz would message young college athletes on social media with death threats following a big loss that hurt Patz??™s bankroll. The investigation and trial are still early on; however, Patz did turn himself in, and has been released on bond awaiting trial. The young bettor known as Parlay Patz went from an amazing high to a great low but more on his story is expected through 2021.
Read how Parlay Patz became a household name, before finding himself behind bars.
William T. ???Billy??? Walters.
If you want to know about famous bettors, you??™ll want to know about Billy Walters. He holds the distinction of having ???bet more money more successfully than anyone in history,??? and he holds it closer to the vest than you might imagine. The glitz-and-glamor world of high stakes betting never seemed to attract Walters ??“ he often had employees, called ???runners,??? post his bets remotely. Yes, this was primarily driven by various real money sportsbooks in Vegas refusing to do business with the guy, but on some level, the isolation made his analysis and computer modeling even better. But nobody will ever know exactly how some alcoholic used car salesman from Kentucky ever broke his underdog mold to own the sports betting world; in the few interviews he??™s given over his 40-year professional life, he??™s never been particularly explicit about his methodologies. Walters is estimated to have earned roughly $300 million by taking on the stock market, real estate risks, and epic sportsbook gambles. Statistically speaking, there??™s no explanation for Walter??™s success. Everyone just assumes he broke science. And everyone knows he broke a heck of a lot better than even. Until recently, at least. Unfortunately, Walters??™ fortunes ran out ??“ at least temporarily ??“ in 2017, when he was convicted of insider trading on Dean Foods stock, fined $10 million, and sentenced to 5 years in the clink. Walters is scheduled for release on February 14, 2022, when he will be 75 years old.
Read Billy Walters??™ sports betting history here.
Haralabos ???Bob??? Voulgaris.
Bob Voulgaris is, by all modern accounts, the most prolific and successful NBA bettor on Earth. In the late 1990s at the age of just 25, Voulgaris was reportedly flipping a million dollars a day on basketball games. His most famous and profitable ???edge??? was in taking advantage of the unsophisticated way NBA bookmakers of the time predicted halftime scores. Since they rarely accounted for the aberrant burst of scoring in the fourth quarters of games, the industry standard was to take the presumed final score and merely cut it in half. That made it easy for Voulgaris to pounce on predictions that were far too high at the half, and it is thought that he made tens of millions of dollars during his peak. (Once the bookies wised up, the cash cow dried up, unfortunately.) Though he also relied on the broader statistical sciences of the times, he was also well-known for seeking out the ???tells??? and tendencies of head coaches Eddie Jordan, Jerry Sloan, and Byron Scott. Unsurprisingly, this style of play lends itself well to poker, where Voulgaris has accumulated almost $2 million in earnings to date.
Unlike the legendary Billy Walters above, Jon Price has a firm background in statistics and a mathematics degree from NYU. While he is noteworthy for a placing (and then winning ??“ we still can??™t believe they didn??™t hand Beast Mode the ball) a million bucks betting on Super Bowl XLIX and picking the Royals to win the World Series before the 2015 season started, Price operates more on the sports handicapping side of the business. He is also a frequent radio guest on sports betting shows throughout the entire country giving free picks and analysis on the week??™s games.


Famous Sports Bettors: Steve Fezzik Bio.
One of the most well-known sports bettors in the world is Steve Fezzik, as his ability to decipher statistical anomalies, especially on NFL wagers, has given him the title of ???The best NFL sports betting tournament player in the world.??? Fezzik was always tuned into sports betting from a young age. With the ability to solve mathematical equations quickly and the desire to know more about sports, he quickly found great success and the key to his gambling strategy.
A graduate of Northwestern University, Fezzik studied actuarial science and became a statistician in the insurance industry after college. Though he had much success in the insurance field, even making it to the level of Vice President of Transamerica Asset Management, Fezzik decided it would be best for him to focus on sports betting full time. He moved out to Las Vegas and immediately made his mark known, as getting banned for winning at a few casinos was just the start of his professional gambling career.
Fezzik Proves His Abilities To Vegas.
Even while employed in the insurance industry, Fezzik would take trips into Nevada to bet on the NFL. It is said that he was making more per hour as famous sports bettor, which was one of the main reasons he decided to leave his job behind. His plan was to just do well enough to get by but not enough that sportsbooks would take notice of him. At first, this plan worked, as he won close to a million dollars in the early 2000s through a variety of tournaments.
However, the ???bad luck??? of being known continued even further, as he won the Las Vegas Hilton SuperContest in 2008. Winning this tournament made Fezzik a face to remember in the gambling community but it wasn??™t long until everyone knew who he was when he repeated the next year, winning the contest again. Fezzik remains the only person to win the event twice and with the rapid expansion of this tournament in recent years, it is likely he will continue to hold this title.
The Use Of Math And Betting Strategy By Steve Fezzik.
Having the actuarial background and also being a high school state chess tournament runner up, the ability to be ahead the of the books has given Steve Fezzik the advantage. By using a variety of outlooks, he was able to confidently place wagers, especially when it came to advantage gambling. He has been on record stating that knowing about football isn??™t important to bet on but rather finding the discrepancies in the odds is crucial.
One of the favorite tactics he likes to use is waiting until right before a football game begins, taking note of the betting line at the opening and at the closing. If the line has moved remarkably in one direction, Fezzik likes to play the line on the opposite side, knowing that the books are only moving the lines to balance their books. Fezzik also claims that if you are engaging in live betting, you without a doubt need to watch the game in standard definition, as the HD feed is delayed anywhere from 5-7 seconds.
He also likes to look into the entirety of a betting line from the game score to the differences throughout each quarter and more. With each game, Fezzik has the ability to find the differences that make minor details stand out and is quick to exploit the ???errors??? by the oddsmakers. But above all, Fezzik states that looking at all 32 NFL teams is a mistake when attempting to wager. It is much better to lock down on 5 teams throughout the course of the season and learn every little detail about them each and every week.
Steve Fezzik??™s Pick Service.
Following Fezzik??™s Twitter account may allow you to have a bone thrown your way from time to time, but you are betting off signing up for his pick subscription services. After being featured in a variety of magazines and newspapers as well as participating in the movie ???Life On The Line???, future sports bettors are very excited to learn from one of the best.
Near the end of the 2000s and beginning of the 2010s, Fezzik sold picks but had a subpar record to his name, losing in three of the four NFL seasons. While still having a positive overall record, he wasn??™t quick to continue the title of best NFL bettors.
Fezzik Takes To The Podcast Realm.
With how things are going now, having a podcast seems to be the movement and Fezzik has followed the movement as well. This is where a lot of bettors would check out to get a lot of betting information on different matchups in all sports. The main thing that this does is help all players and the fact that Fezzick is trying to help others is huge. It is hard to find bettors who will help others be successful but Fezzik is one that doesn??™t mind going on his podcast helping others out to be as successful as he is.




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