Gambling and Sports Betting News Wire - July 1, 2019
Here are today's headlines in the world of gambling and sports betting as they happen - Monday July 1, 2019.
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No Sure Bet on When Sports Betting is Coming to Illinois
11:46 pm ET - It appears now that the earliest Illinois residents will be able to place bets on sports with in-state bookmakers is going to be towards the end of the upcoming football season.
Want to wager on a Cubs playoff game, if they make it to October? Still too optimistic, some gambling supporters say. December action on the Bulls or Blackhawks looks like a long shot, too, Mitchell Armentrout of the Chicago Sun Times reports.
Rep. Mike Zalewski, one of the architects of Illinois’ massive gambling expansion signed into law last week, says February is more likely…perhaps in time for the Super Bowl.
”It’ll depend largely on [Gov. J.B. Pritzker’s] new Gaming Board, how quickly they can get operational on this topic and decide how fast they issue licenses,” the Riverside Democrat said.
The state’s existing casinos and three horse racing tracks — will be partnering up with sports wagering companies to design in-house sports books, Zalewski said. Professional teams with 17,000-plus capacity stadiums — all the city’s major teams — will be eligible to set up books too.
PointBet, the Australian sports betting firm, has a presence in New Jersey but their marketshare is limited due to the 70% dominance of both Draftkings and FanDuel. Those two are prohibited from entering the Illinois market for up to two years. Both are accused of operating in states where they were prohibited to do so prior to the US Supreme Court ruling that abolished sports betting prohibition last year.
PointsBet executive Rick Martira said they hope to go live at Hawthorne “at some point this NFL season,” with the timing being “a direct result from the Illinois regulations that will get rolled out over the next couple months.”
Here's One Man in the Americas Not Backing Team USA Tuesday
10:26 pm ET - Dave Mason, oddsmaker at BetOnline, tweeted out Monday his book will take quite the hit should Team USA beat Team England in the 2019 Women's World Cup Semi-Final.
Gulp. Have a huge liability for Team USA to win the #WomensWorldCup2019 . USA -175 England +350 Netherlands +450 Sweden +600
Still No NBA Futures at Most Books: Still 16-1 to Win Championship at Some
12:10 pm ET - With confirmation of a blockbuster deal that brings Kyrie Irving and Kevin Durant to the Nets, most books are yet to place updated futures back on the board, including BetOnline.
Some of the European bookmakers were still listing Brooklyn as high as 18-1 to win the Championship.
ESPN.com writes: “Unless free agency guts the Toronto Raptors, the Nets with Durant recovering from an Achilles tear will probably enter next season in the second tier of Eastern Conference playoff teams -- ironically, right next to the Celtics, who pillaged the Nets in that 2013 Paul Pierce/Kevin Garnett trade only to watch Brooklyn swipe a good chunk of their carefully planned rebuild today.”
Our Free Picks Record July 1
2019 MLB Record: 17-12-2 (58.6%) - No Plays Over -160
2018-19 College Basketball Record: 12-9 (57.1%)
2018-19 NBA Record: 7-5 (58%)
2018 MLB Record: 45-35 (56.2%)
2018 NBA Record: 12-4-1 (75%)
