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Sports Betting Stocks Drop Despite Legalization in Michigan

Sports Betting Stocks Drop Despite Legalization in MichiganMichigan is the 15th state to legalize sports betting in the United States. However, it failed to stop the sports betting stocks drop on Friday. More states are legalizing sports wagering, but individual states' moves have little impact on the market.

DraftKings shares went down by 1.61 percent to $52.70. Penn National Gaming was down 0.23 percent at $106.94. Also, MGM Resorts International dropped 0.43 percent to $31.67. Although Wynn Resorts has a higher value at $106.88, its value dropped by 2.09 percent.

Despite the drop in the market values, online sports betting remains a fast-growing industry. According to pay per head sportsbook reports, 90 percent of sports wagers made in New Jersey came from online sources.

Sports Betting Stocks Drop

Online bookie software experts said that Michigan has a business-friendly tax rate. Also, the state has competitive licensing fees. Thus, many companies want to know how to become a bookie and start a sportsbook in the state.

Read more: Sports Betting Stocks Drop Despite...

Highest paid athletes of 2020

Highest paid athletes of 2020It has been a wild and crazy year for the whole world and for the sports industry as well, as we all know. The Covid-19 pandemic has turned our “normality” upside down, but little by little, sports prevailed and started coming back, with different measures and procedures, with a few rule changes,

without fans in the stadiums, but they came back, and we got to enjoy many great games and new championships and milestones. No matter how hard this year was, sports helped us keep a bit of perspective and reminded us that everything would be alright.

This is why athletes get paid what they get paid, because of their power to move masses, to influence our society in a positive way. As always, there are a few that lead the records, and according to Forbes magazine, these are 2020’s highest paid athletes:

Read more: Highest paid athletes of 2020

Colorado Casinos Get Higher Betting Limits

Colorado Casinos Get Higher Betting LimitsColorado voters approved Amendment 77 during the November elections. Thus, Colorado casinos will get higher betting limits. Casinos in Black Hawk, Cripple Creek, and Central City can now have limits above the previous cap of $100.

Also, casinos in the three gambling towns can offer new games. However, the Limited Gaming Control Commission needs to allow the games first. Black Hawk City Council didn't want to waste time and voted to approve unlimited single-bet wagers last December 1. The council also allowed casinos to offer keno, baccarat, and pai gow poker. However, the changes would take effect on May 1 due to the amendment's wordings.

According to pay per head solution reports, the amendment allows Colorado to compete with other states with legal casino gambling. Before the amendment, bet limits were only found in Colorado and South Dakota.

Higher Betting Limits in Colorado

Cripple Creek and Central City also passed measures that would allow new games and life wager limits. However, elected officials and casino managers are downplaying Amendment 77's impact on local communities.

Read more: Colorado Casinos Get Higher Betting...

NFL Owners Meet to Discuss Super Bowl and Expanding Next Season

tampa 2963497 640The NFL owners will be having a series of online meeting to discuss various matters relating to the pro football league. Of course, they will be talking about health and safety protocols regarding COVID-19, and the plans for the Super Bowl LV. They will also discuss the possibility of extending the regular season in 2021, something bookies at SportsbookPayPerHead.com would be looking forward to.

One of the concerns of the league is the COVID-19 cases that teams get. So far, for December 6-12, there are 14 cases from players and 31 from staff. Despite the number of cases, this is actually a decline comparing it to previous weeks. The NFL has stricter protocols and strict sanctions to help address the issue of cases in the league.

Read more: NFL Owners Meet to Discuss Super Bowl...

World of sports shocked after death of Diego Armando Maradona

World of sports shocked after death of Diego Armando MaradonaTragic news hit us fresh last week, when Argentinian media announced that soccer superstar and legend, Diego Armando Maradona, died due to heart failure, after having surgery done just a few days back. Considered by many around the whole planet as the greatest footballer to ever live, Maradona had a life full of highs and lows, but what he did inside the pitch was undeniable, and his death has left a void in sports in general, which has been commemorated in many different sports events and leagues in the world in the past few days.

Who was Diego Maradona, the footballer?

Even if you’re not that much into soccer, or into sports in general, you have probably heard about this guy. Like him or not, he was a football hero, idolized not only in Argentina, but by many soccer fans from all over.

Read more: World of sports shocked after death...

Golden State Warriors Trade Options

960x0 2Here at Bet Sports Online, we aim to cover the most exciting sports events, and give you news on pivotal changes on different sports teams across all sports leagues. Now, when we talk about the NBA right now, its all about the draft, and trades. Each team is doing what it can to try and get the best rosters that they can for the upcoming season. They will, have a tight window between trades, the draft, and the beginning of the season. So the considerations that teams may be making this time may be different.

Many pay per head bookies are looking at the Golden State Warriors, and what they plan to do. While Stephen Curry will be back, and will be great at leading the team, they will have to adjust to losing Klay Thompson for this season. This makes things tricky for the Warriors, as they will be needing to climb back up to the top this season.

Read more: Golden State Warriors Trade Options

PPH Services and the essential elements

If you’re looking to get involved in the exciting and profitable world of sports betting, it’s time you get to know what you’re really getting into. There are many ways to run a business, we all know that, and sportsbooks are definitely one of the most profitable out there, without a doubt, but do you know what essential features and tools you need to make your operation work? Are you aware of the many ways in which you can improve your product and increase your profit?

Price per Head and PPH operators like www.RealBookies.com are the answer to all your needs, and that’s why you need to know all about us.

As solid and experienced PPH service providers, we can guarantee that, once you decide to join, you will be able to take your sports betting operation to a whole new level, and you will be able to offer your players a real world-class online wagering experience.

Read more: PPH Services and the essential elements

Oregon Sports Betting Handle Has $29 Million for October

portland 841428 640The Oregon sports betting handle for the month of October is $29.45 million. This is 12.5% higher, or $3.3 million higher, than September’s $26.17 million. The numbers for Oregon are quite good, considering that there is only one sportsbook in the state. This is, of course, could also be a disadvantage if there is no competition. After all, if you look at a bookie pay per head comparison, you can see that different sportsbook offer different products and lines.

Despite many per head sportsbook solution options, some states choose to limit betting activity in the state. In Oregon’s case, it’s the actual number of sportsbooks they are limiting. The Scoreboard app is run by the state lottery, and is the only way that people can place sports wagers in the state.

Read more: Oregon Sports Betting Handle Has $29...

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