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How do you feel about your business? Is there anything you need to improve? Is it just too much sometimes? If you feel like this it is because you’re right. Sports betting is a huge machine that never sleeps, you must be aware at all times, bring your A-game every single day, make sure your lines are sharp, your platform is up and running, and your players are happy.
It’s not easy, as there are games and events to offer each and every day, and at all times of the day. So, how do you do it?
In the grand scheme of things, sports betting in the US is not that big of a deal to those outside of the industry. But because of the pandemic that is causing fiscal problems for states, sports betting is getting more attention than usual. Mostly, because of how the sports betting industry can help states with their fiscal woes. This brings about a good change in legislation, where more and more states are now opening their doors to gambling and sports wagering. Tennessee, for instance, is one state that is getting ready for its launch.
The tentative date for launching sports betting in Tennessee is November 1. So far, the state is currently reviewing the applications of would-be operators in the state. Those who want to bet sports online will be waiting quite a while since these applications need to be approved. The said approvals will be announced by October 5.
Betcris becomes the first NFL Latin American sports betting partner. Thus, it becomes the second international sports betting partner of the National Football League. It joined Tabcorp from Australia.
As part of the deal, Betcris can use the NFL’s logos and branding. Also, it provides brand exposure on the league’s digital assets such as the NFL Fantasy app and NFL.com. It gets access to the football league’s official game data feed.
Betcris becomes the official sponsor of the National Football League International Series Games in 2021. It will take place in Mexico. However, both parties didn’t disclose the terms of the deal.
According to sportsbook PPH reviews and news sites, the NFL’s fanbase is growing in Latin America. The league must find an industry leader within the sports betting industry in the region.
Sports Betting will be available in Virginia pretty soon, assuming that the regulations that the Virginia Lottery will set will be approved. The regulatory and implementing office has a draft of rules and regulations which will be open for public comments. This means that any resident can go to the town hall website and leave their feedback for the next 60 days.
While a simple “yes” or “no” is what most people expect the government to do, there are a lot of details that need to be finalized. We at Bet Sports Online cover a lot of gambling industry news that touches on these details. In this case, the website of the Virginia Lottery will have information on the voluntary exclusion program, a consumer protection program, as well as the whole process for applications for permits. There is also a draft on sports betting regulations.
Online sports betting has been around for a long time, but the industry experienced a surge in popularity. The coronavirus pandemic is keeping people home. Therefore, bettors are looking at online sports betting software sites as a venue for them to place bets. And since sports leagues are slowly resuming their games, there is a lot that people can bet on. For states, they see this as an opportunity to raise money to deal with rising fiscal deficits.
Not all states allow for online sports betting. Some, like Rhode Island, do allow for online sportsbooks, but require people to go to a retail gambling shop to register before they consider placing bets online. And if you know how to run a sportsbook, you know that these policies are very limiting, and can hinder people from joining that particular sportsbook.
New Jersey regulators want FanDuel to pay out on several disputed soccer wagers. They investigated the bets placed in July. Also, it centered on FanDuel’s soccer odds mistake. Also, they tried to determine if the prices published were a mistake made by the sportsbook.
The disputed soccer wagers were from July 12 to July 15. Players in New Jersey wagered on games in the Premier League, Serie A, La Liga, and the MLS. The payout was more than $100,000 for soccer games within four days.
According to the investigators, ten online players and a single retail player placed bets on several soccer games that had terrible odds. Regulators said that FanDuel should pay out the winnings. FanDuel made the mistake of installing a new type of wager that led to erroneous lines.
FanDuel said that it appreciates what the Division of Gaming Enforcement did. Based on sportsbook pay per head reports, the sportsbook company regrets committing the mistake. Also, they believe that it is vital to be transparent about the review process of such errors.