Wynn Resorts to Offer Sports Betting in Massachusetts ....When it is Legalized

Written by:
Aaron Goldstein
Published on:

Wynn Resorts has announced a sports betting partnership with European-based wagering firm BetBull.

It plans to launch a sportsbook in its newly opened Springfield, Massachusetts casino. However, that state is yet to amend its laws allowing sports betting.

In May, the US Supreme Court shot down decades long prohibition of the activity.  Each state now must amend its own laws.  Massachusetts is among those looking to do so.

As part of the deal, Wynn will make a minority equity investment to acquire a 22.5% stake in BetBull.

Wynn has had its name tarnished over the past few months following allegations of sexual harassment against its then CEO and founder Steve Wynn.  He was forced to step down.

- Aaron Goldstein, Gambling911.com


Gambling News

60 Minutes Dives Into MGM, Caesars Ransom Attack of Last Year

A surprisingly young cohort of hackers paralyzed some of Las Vegas’ biggest hotels and casinos last fall, demanding an exorbitant ransom. The FBI and cybersecurity researchers call them “Scattered Spider." Bill Whitaker reported on the story for 60 Minutes Sunday.

Does the IRS Report How Much I Won at DraftKings?

If you won over a certain amount of money betting at DraftKings, the online sportsbook is obligated to report your winnings to the IRS.  DraftKings and other regulated sportsbooks typically require you to provide your social security number during the registration process.