Gambling and Sports Betting News Wire - July 1, 2019

Written by:
C Costigan
Published on:

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. 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%)

Gambling News June 30

Gambling News June 2019

Gambling News

Can I Start an Online Sportsbook From Kentucky?

Can I Start an Online Sportsbook From Kentucky?

The bookies have had the run of Kentucky, but that will change soon as the commonwealth lawmakers just passed through a bill that will legalize mobile sports betting.  That doesn't mean there still won't be opportunities for the local books.

Start a Sportsbook From My State

Below we list all the different US states and the current sports betting climate.  Every state has some opening for the local bookies, whether it be that state regulated books do not permit those under 21 from wagering (bookies often allow anyone 18 and up) or that betting is prohibited on in-state schools. 

How Do I Start a Sportsbook From Illinois?

How Do I Start a Sportsbook From Illinois?

Illinois is an excellent state in which to be a bookie.  Even though the state now allows for betting on home teams like the Fighting Illini and Wildcats, you'll need to wager in person on those teams at a casino.  Not exactly the most convenient.  The local bookie makes things much easier by placing those team bets online using the pay per head software.

How Do I Start a Sportsbook From Iowa?

How Do I Start a Sportsbook From Iowa?

Iowa sports betting is hot as a result of primarily two state teams: The Iowa Hawkeyes and ISU Cyclones.  Both enjoyed some success in the 2023 men's college basketball season.  The Iowa women's college basketball team made it to the Final Four, where they knocked off undefeated South Carolina, the huge favorite to win it all.  And both schools look to do well in the upcoming college football season.