Gossip Archives | CryptoBetting https://cryptobetting.org Fri, 11 Aug 2023 14:22:27 +0000 en-US hourly 1 Hitting the Jackpot: The Biggest Sports Bets with Crypto https://cryptobetting.org/blog/biggest-sports-bets-with-crypto/ Fri, 11 Aug 2023 14:22:25 +0000 https://cryptobetting.org/?p=169806 Today, we’re taking a look at the biggest sports bets with crypto. Who won what, and how did they do it?

Answering any question relating to the biggest sports bet is far from straightforward. After all, not many gamblers are comfortable discussing their wins or losses. Celebrity bettors such as Drake tend to be an exception rather than a rule. Indeed, the ultra-wealthy music superstar is known to have placed various six and seven-figure bets with various outcomes. 

Notably, Drake (according to certain screenshots) placed his bets on Stake.com, a site known for accepting crypto and fiat currencies. For instance, his unsuccessful $1m wager on Argentina to win the World Cup final in normal time happened on Stake, as did his failed $400,000 bet on Jake Paul to KO Tommy Fury (the influencer was beaten rather easily on points). 

It shows that crypto sports betting sites are likelier to accept huge wagers than most fiat counterparts. So, while the biggest bet ever won may have occurred with a ‘traditional’ bookmaker at present, this is likely to change as more punters try their luck with digital currency.

Now, let’s check out both the biggest sports bet win AND the biggest odds bet ever won.

The Biggest Sports Bets with Crypto – It’s All About Hedging!

The gambling world is full of high rollers, and we likely won’t know the full extent of their wins and losses. We know that seven-figure wagers are more commonplace than anyone realizes. Indeed, eight-figure bets are placed at private poker tables worldwide.

In general, some of the biggest bets ever won happened at long odds (which we explore later). For instance, James Adducci won around $1.2m after betting $85,000 on Tiger Woods to win the Masters in 2019. 

“Vegas” Dave Oancea boldly slapped $140,000 on the table as he believed the Kansas City Royals could win the 2015 MLB World Series. Oancea benefitted from a $2.5m payout when the Royals obliged at good odds.

Billy Walters might have thought he held the unofficial record when he bet $3.5m on the New Orlean Saints to win Super Bowl XLIV in 2010. The Saints won by 14 points, ensuring Walters enjoyed a monster payout. However, one gambler we know of has usurped Walters.

The Mattress King of Bettors

Jim McIngvale, better known as Mattress Mack, is a wealthy man. He owns the Gallery Furniture chain and has a bigger bankroll than most, to say the least! McIngvale is also a passionate supporter of the Houston Astros baseball team. 

In 2022, he put his money where his mouth was by placing wagers worth $10m on the Astros to win the World Series. After his beloved Astros succeeded, McIngvale received a reported payout of $75m. Caesars Digital said it paid $30m to the mattress mogul. 

The thing is, the mattress king is no soft touch. Rather than risking the huge sum, he hedges his bets. McIngvale is known for his generous promotions, giving customers their purchases for free if their local teams win championships. Then, he hedges these wagers by betting on those teams to win.

The above example was a win-win since his favorite team won, and he received an eight-figure payout. However, McIngvale would have ended in profit even if the Astros lost.

While the above is perhaps the biggest bet ever won (or close to it), McIngvale regularly places huge wagers. In 2022, he lost an estimated $9.5m backing the Bengals to beat the Rams in the Super Bowl. McIngvale is also known for losing large sums on other wagers, such as betting on the Patriots to win the Super Bowl and the Alabama Crimson Tide winning the college football national title. 

Life-Changing Moments – The Biggest Odds Bet Ever Won

For the most part, the biggest sports bet win in terms of odds relates to accumulators. However, occasionally, an underdog stuns the world by defying huge odds. 

Towards the end of the 2011 MLB season, the St. Louis Cardinals were 999/1 to win the World Series. A stunning recovery ensued, and the Cards lifted the trophy. 

The “Miracle on Ice” performed by the American ice hockey team saw the U.S. win the 1980 Olympic title at pre-tournament odds of 1,000/1. This improbable feat was surpassed in the 2000 Olympics when Rulon Gardner came from nowhere to win the wrestling gold medal at odds of 2,000/1. In the process, he defeated Alexsandr Karelin, the greatest Greco-Roman wrestler of the 20th century. 

In terms of long odds single event bets, though, few things compare to Leicester City’s English Premier League title win in 2016, at odds of 5,000/1. The Foxes pulled off the upset across a long, 38-game season, making their achievement all the more remarkable. 

Big Parlays

Also known as accumulator bets, parlays involve combining several bets into one. If any leg of the wager loses, the entire bet fails. While the odds of winning a large accumulator are long, the payouts can be spectacular.

Mick Gibbs is one of the few bettors known to have won two or more long odds parlays. In 1999, his nine-team accumulator turned £2.50 into approximately £157,000, the win coming at odds of around 62,800/1. 

Incredibly, Gibbs surpassed this feat in 2001. Bayern Munich’s Champions League final victory over Valencia resulted in a £500,000 payout from a £0.30 accumulator wager that featured 14 teams! By the way, Bayern won that match in a penalty shootout! This 1,666,666/1 parlay is likely to be the biggest odds bet ever to win. 

Hope Is Good, But Bet Responsibly!

In gambling, you’re always more likely to hear about successful bets than colossal failures. In reality, for every big win, there are countless losses. So, while it is fun to dream of becoming a millionaire by placing the biggest sports bets with crypto, you should always approach gambling sensibly.

A growing number of bettors are flocking to crypto sports betting sites. They know that, in general, such sportsbooks offer better odds than traditional platforms. Punters also know that reputable crypto betting sites will pay out big wins with minimal fuss. 

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Online Casino Biggest Jackpot Win https://cryptobetting.org/blog/online-casino-biggest-jackpot-win/ Fri, 30 Jun 2023 06:09:57 +0000 https://cryptobetting.org/?p=157032 We’ve all seen headlines where some lucky guy or gal has scooped an online casino biggest jackpot win. The allure of securing a life-changing sum of money has captivated people all over the world for years; ever since the introduction of things like lotteries and progressive jackpot slot games. 

But how many people have actually changed their lives playing these luck-based games? And can you really win that much at an online casino? 

In this article, we delve into the record-breaking triumphs that have shaped the history of online gambling. From staggering sums to astonishing stories, we explore the biggest online casino wins ever recorded.

Mystery Woman Scoops Mega Moolah Jackpot Just Before Dinner

In August 2016, a woman known only as D.P. was playing the progressive jackpot slot Mega Moolah from Microgaming. As she was getting ready to leave her house in the UK, D.P. had a final spin on the safari-themed title. She ended up landing the slot’s jackpot prize: a whopping $11.6 million. 

It’s fair to say she bought dinner that night. 

Skillful Scandinavian Bags Mega Fortune Jackpot 

Another mystery player, this time from Finland. On January 20, 2013 a man from Helsinki placed a €1 wager on the progressive jackpot slot Mega Fortune and landed a record-breaking €17,861,813.00. Not bad for a single euro! 

Choosing to remain anonymous, it’s not clear how this Scandinavian winner celebrated. But we hope it was somewhere a little warmer. 

British Soldier Bags Mega Moolah Millions 

When it comes to the biggest online casino wins ever, Mega Moolah is responsible for the lion’s share of champions. 

In October 2015, Jon Heywood from the UK was playing the famous “millionaire maker” slot for 25p a spin. Suddenly, the jackpot game flashed up on his screen. Before he knew it, the British Army soldier and Afghanistan veteran had scooped an incredible £13.2 million.

Speaking of his amazing win, the soldier said that he would spend the money on his father’s life-saving medical treatment. He also planned on trading his Fiat Punto car for a yellow Bentley Continental GT. 

Kerry Packer Beats the House at MGM Grand Casino

Not an online casino biggest win, but this is such a great story that we thought it deserved a mention. 

While the exact details remain unclear to this day, the record for the largest sum of money taken out of a casino in one night is said to belong to Kerry Packer. He was a renowned businessman and gambler. 

According to accounts, Packer walked into the MGM Grand casino one evening, betting over $250,000 throughout the evening. Ultimately, Packer accumulated a staggering $40 million. 

But although this story sounds like the plot of a great movie, it pays to remember that Packer was already a billionaire with a long history of huge bets, massive wins and catastrophic losses. So all in all, this isn’t exactly a rags-to-riches story for the ages. 

Where to Play the Biggest Jackpot Win Games

If you’re looking to play the games listed today, you’ll be pleased to know that most of them are available at both traditional online casinos, as well as the uber-modern crypto casinos. 

The rise of cryptocurrency has paved the way for players to experience the thrill of online gambling with digital assets. Cryptocurrency casinos offer a secure and transparent platform for players to enjoy their favorite games while having the opportunity to win big, just like their traditional online counterparts.

As far as the games themselves are concerned, the biggest prizes are usually associated with:

  • Mega Moolah from Microgaming 
  • Mega Fortune by NetEnt 
  • Divine Fortune Megaways from NetEnt 

However, always keep in mind that these games are 100% rooted in luck. This means that, although you have just as much chance as anyone else of winning, you also have an equal chance of losing. 

Our advice is to never gamble with money you can’t afford to lose; be it traditional money like USD or GBP, or cryptocurrencies such as Bitcoin or DOGE coins. Remember, responsible gambling is an integral part of enjoying your hobby.

Final Words on Online Casino Biggest Winners

The world of online casinos has witnessed remarkable triumphs that have shattered records and changed lives forever. From the awe-inspiring progressive jackpot slots, to real-life wins at brick-and-mortar establishments, these victories serve as a reminder that fortune favors the bold. 

As players continue to chase the dream of the biggest online casino win ever, the allure of staggering jackpots will persist, creating an exhilarating atmosphere of anticipation and the potential for life-changing riches. 

Just remember that there’s nothing wrong with driving a Fiat Punto. 

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5 Biggest Kentucky Derby Upsets https://cryptobetting.org/blog/5-biggest-kentucky-derby-upsets/ Fri, 09 Jun 2023 12:46:20 +0000 https://cryptobetting.org/?p=151954 In the exciting world of horse racing, there’s one thing you can always count on: unpredictability. 

One race that tends to guarantee a wild ride is the Kentucky Derby. In fact, this racing meet has such a long history of crazy outcomes that “Kentucky Derby upsets” has become an incredibly popular Google search on its own. 

So what is the Kentucky Derby? And why do Kentucky Derby upsets occur year on year? 

Let’s find out!

What is the Kentucky Derby?

Held annually on the first Saturday in May, the Kentucky Derby is an American Grade I stakes race run at Churchill Downs in Louisville. 

The race is 2km long, run by three-year-old thoroughbreds. The Kentucky Derby also goes by the name “The Run for the Roses,” as the winning horse is draped in a blanket of roses. 

Lasting approximately two minutes, the race is sometimes referred to as “The Most Exciting Two Minutes in Sports” or “The Fastest Two Minutes in Sports.” And due its fast pace and the young age of the horses, it holds a reputation as the craziest racing meet in the USA. 

With that in mind, we’re going to take a look at the biggest upset in Kentucky Derby history, along with some other great mishaps that have taken place at this race over its 48-year history. 

What Was the Biggest Upset Ever in the Kentucky Derby?

There are plenty of Kentucky Derby upsets to choose from! But we’re going to start with our favorite and then work our way down. 

So let’s start with the top spot….

Donerail, 1913

In what could be the greatest upset in Kentucky Derby history, Donerail stunned onlookers, and the entire US nation, at the 1913 race. Beating odds of 91-1, Donerail didn’t just win the race, he won it by half a length.

The reason why this particular Kentucky Derby upset was so impressive was because Donerail’s shocking triumph rewarded lucky bettors with a staggering $184.90 payout for a mere $2 wager. Even by today’s standards, that’s quite the payout. It’s also why it’s so important to understand odds when betting on horses. 

In addition, Donerail still holds the title of the longest shot in the history of the Kentucky Derby, cementing his place in the race’s history.

Animal Kingdom, 2011

The day before the 2011 Kentucky Derby, the anticipated favorite, Uncle Mo, withdrew from the race, leaving Dialed In as the lukewarm favorite at 5-1. But it wasn’t Dialed In that wowed the crowds that day, and a great Kentucky Derby horse upset was on its way. 

Animal Kingdom, disregarded at 21-1 odds, was the 11th choice in the lineup. Considered a long shot for good reason, until then he had only competed on turf and synthetic surfaces, with little experience on conventional dirt. However, as the race progressed, it became evident that Animal Kingdom was adapting well to the new terrain.

Apart from the substantial payout at double-digit odds, the real surprise stemmed from Uncle Mo’s withdrawal, which allowed a new champion to seize the spotlight. 

Animal Kingdom’s triumph marked the beginning of a successful career, culminating in a victory at the Dubai World Cup when he turned four.

Go for Gin, 1994

Torrential rain drenched the track before the 1994 Kentucky Derby, turning it into a muddy mess. 

Holy Bull, the favorite, had won eight out of nine starts and appeared poised for victory. However, the unexpected unfolded as Go For Gin reveled in the off-track conditions, stealing the race from the front and triumphing by two lengths at 9-1 odds.

While Holy Bull delivered a rare underwhelming performance, it was Go For Gin’s affinity for the sloppy track that led him to victory and left many scratching their heads. An outstanding upset pick for Kentucky Derby, if you were lucky enough to be there. 

Gato Del Sol, 1982

Gato Del Sol, the third-longest shot on the board at 21-1 odds, flew under everyone’s radar and pulled off a massive upset in the 1982 Kentucky Derby. Coming from last place, he rallied with extraordinary determination to win by 2 ½ lengths.

While Gato Del Sol had previously won the prestigious Del Mar Futurity as a juvenile, his three-year-old season had been less impressive. With no wins from four races and a fourth-place finish in the Santa Anita Derby, doubts loomed over whether his peak performance had passed him by.

Gato Del Sol defied generous odds to triumph, justifying the faith placed in him by trainer Eddie Gregson. As Gregson remarked to The New York Times in 1982, “I never stopped believing in this horse. Sometimes I doubted myself and the jockey, but never the horse.”

Lil E Tee, 1992

Jockey Pat Day was always known for his patience in the saddle, and the 1992 Kentucky Derby was no exception. Overlooked at odds of 17-1, Lil E Tee launched a bold bid from off the pace and won by a length. Behind him through eighth place, the other horses all finished with double-digit odds as well. 

Arazi, who wound up finishing eighth, was heralded as a super-horse in the making, and the betting public viewed him as nearly unbeatable as the odds-on favorite. The horse that seemingly had the potential to be his biggest challenger, A.P. Indy, had to defect from the race earlier in the week. Without that competition, Arazi seemed like a sure thing. 

However, Lil E Tee’s victory stunned the racing world as it watched wonder-horse, Arazi, finish eighth. In the history of Run for the Roses favorites, Arazi was one of the biggest, and he was beaten by what could be described as one of the best upset horse picks of Kentucky Derby.

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Online Casinos in New Jersey Surpass $6 Billion in Lifetime Revenue https://cryptobetting.org/blog/online-casinos-in-new-jersey-surpass-six-billion-dollars-in-lifetime-revenue/ Tue, 23 May 2023 07:17:43 +0000 https://cryptobetting.org/?p=149862 New Jersey online casinos continues their remarkable growth as the industry approaches a decade since legalization. The result is a lifetime revenue exceeding $6 billion to date.

The latest data from the state’s Division of Gaming Enforcement revealed that online casinos in New Jersey generated nearly $158.9 million in revenue during April. This makes April 2023 the second-highest-grossing month in the state’s history, after March’s record-setting $165.7 million.

Compared to April last year, online gambling revenue witnessed a substantial 16.1% increase last month. Year-to-date, the online casino sector has contributed $620.1 million in revenue, reflecting a steady increase of 13.7% per year.

COVID Boosts Online Casino Activity

COVID-19 was a significant driver for the growth of the online casino industry in New Jersey. Despite the reopening of land-based casinos in the summer of 2020, online gambling continued to thrive. In fact, monthly turnover has continued to surpass $100 million since January 2021. The only exception was February the same year.

The pandemic reshaped the gambling landscape forever. While online casinos maintain a substantial market share, physical casinos are still striving to recover from the effects of the 2020 Coronavirus outbreak.

The rise of online casinos was welcomed by New Jersey politicians. This is because the industry’s profits mean increased tax revenue for the state. Online casino takings are taxed at a higher rate of 15% compared to land-based casinos and sports betting.

In April, taxes from online casinos accounted for more than 49% of all gambling-related taxes statewide. This contributed $93 million to state coffers in the first four months of 2023.

New Jersey Continues to Reap the Rewards of Online Gambling

The growing dominance of online casinos is evident in their greater share of New Jersey’s overall gambling revenue.

In 2019, before the pandemic, online casinos represented less than 14% of Atlantic City’s gross gaming revenue. Physical casinos and sports betting held the majority share. However, things took a major turn in 2020 with the arrival of the pandemic.

In 2021, Atlantic City’s slots held the performance top spot, with a share of 39.6%. Online gambling came in at 28.9%, with table games contributing 14.3%

But by April 2023, online casinos accounted for 38% of the monthly reported total, replacing physical slot machines as the star of the gambling show.

New Jersey’s online casinos continue to pull in impressive numbers, with the eight licensed operators in the state regularly bringing in well over $150 million in revenue each month. However, that’s not to say that brick-and-mortar casinos have had their day.

Land-based Casinos Hold Steady During Changing Tides

Even with the success of online casinos, Atlantic City’s physical casinos are still flourishing. In April, The Golden Nugget and Ocean Casino raked in $231.5 million from players, accounting for half of the statewide gaming profit from casinos and sports betting.

Although April saw a slight decrease of 1.6% compared to the previous year, the two casinos are still up more than 4% from last year.

Sports betting also brought impressive numbers to New Jersey’s tax revenue, with a 43.6% year-on-year increase in April.

Sportsbooks earned $72.3 million, supported by over $833.9 million in wagers. The combined turnover of casinos and sportsbooks reached $462.7 million in April. This is an increase of 9.5% from the previous year. The final result is $47.5 million in tax collection for the state.

The continued growth of New Jersey’s online casino market, along with the steady recovery of land-based casinos and the thriving sports betting industry, positions the state’s gambling industry for a potentially record-breaking year.

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Crypto Bets Up 19% in Q1 Reports Softswiss https://cryptobetting.org/blog/crypto-bets-up-nineteen-percent-in-q1-reports-softswiss/ Mon, 22 May 2023 15:04:27 +0000 https://cryptobetting.org/?p=149822 A report recently released by iGaming software developer Softswiss shows a huge 19% rise in crypto bets in the first quarter of 2023.

Red gold Softswiss 2023 crypto results

The report, which analyzes the crypto gaming market, based its findings on data from over 700 brands powered by the Softswiss Game Aggregator, as well as the Softswiss Casino Platform.

Softswiss co-CEO, Andrey Starovoitov, noted that the increase in value of cryptocurrencies as a whole has led to growth in the iGaming market and an increase in bets made by crypto players.

“Despite the global events of 2022, which have undoubtedly caused most digital coins to fall in value, we are now seeing them rise in value again”

Andrey Starovoitov, CO-CEO SOFTSWISS

Starovoitov also expects players to continue using crypto throughout 2023. He sees potential for more growth, if players are effectively retained and the crypto market experiences reduced volatility.

Crypto Bets Join Casino Gaming in iGaming Industry Growth

Q1 2023 showed positive growth in the iGaming market. The total bets indicator increased by 44.66% compared to the same quarter the previous year. And by 2.24 percent compared to the preceding quarter. These figures reflect the increasing popularity of iGaming in general.

The share of bets in cryptocurrency accounted for 30% in this year’s Q1, showing more significant growth at 19% compared to the previous quarter’s 9%.

Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) maintained their positions as the three most used digital coins in Q1 2023. However, their market shares underwent some changes.

Bitcoin’s share increased by 1.9 percentage points at the expense of smaller digital currencies, while Ethereum’s share remained the same.

Looking at a longer time frame, the shares of digital coins experienced more notable changes. From Q1 2022, BTC increased by 3.72 percentage points, whereas ETH lost 5.01 percentage points. The share of LTC, the third leading digital coin, decreased by 1.36 percentage points.

The reported market shares for Q1 2023 has BTC holding the top spot at 76.5%. Bitcoin is followed by ETH at 8.4 percent, with LTC in third place at 5.1 percent.

Tether (USDT) secured a 5.1% share for the first time, while Dogecoin (DOGE) witnessed a one percentage point decrease compared to the previous quarter. DOGE ended Q1 2023 with a 2.5% share.

Other digital coins that experienced an increase in their share of Total Bets included Ripple (XRP), Tron (TRX) and Cardano (ADA).

The Average Crypto Bettor Summed Up

Looking further into Softswiss’ insights, the company outlined the average crypto player portrait based on available player profile data. They revelaed that approximately 65% of crypto bettors are male, and that 44.9% of players are between 31-40 years old.

The report revealed that more than half of the crypto gross gaming revenue in Q1 was generated via mobile devices.

According to experts at Softswiss, there is a high interest in starting crypto projects. This is despite the volatility and unpredictability of the crypto market. Recent statistics suggest that 2023 is showing positive development for projects related to digital coins.

CCO at Softswiss, Max Trafimovich, said there had been a consistent rise in demand for crypto-ready solutions in recent years.

“It’s undeniable that some crypto iGaming operators have drawn much attention and accolades on a global level. Besides crypto, such operators also happen to be at the forefront of various other innovations, those going beyond the payments aspect,” Trafimovich said.

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MGM Springfield Casino Profits Up Despite Online Competition https://cryptobetting.org/blog/mgm-springfield-casino-profits-up-despite-online-competition/ Thu, 18 May 2023 19:44:05 +0000 https://cryptobetting.org/?p=149705 Massachusetts casino giant MGM Springfield continues to maintain its popularity in the face of increasing competition from online and mobile sports betting. This is largely thanks to the casino’s table game and slot machine revenue, which continues to surpass last year’s figures.

MGM Springfield Casino

MGM Springfield reported $23.7 million in gross gambling revenue for April, compared to $22.5 million in the same month the year before. This is according to data released by the Massachusetts Gaming Commission.

The casino resort has continued to outperform its previous records, with March 2023 marking the second busiest month in its five-year history. This March, it reportedly reached $24 million in gross gambling revenue, surpassing all expectations since its opening in August 2018.

It also reported a $1.65 million in-person sports wagering handle for April, showing consistent performance compared to the previous months. However, online and mobile sports betting still dominates the market, with the casino’s online platform boasting an impressive $43 million online handle for the month.

Earlier this year, MGM Resorts International CEO, William J. Hornbuckle, acknowledged that the casino had not met initial goals set before it opened. However, the company remains committed to revitalizing MGM Springfield through strategic initiatives.

Hornbuckle pledged to reopen the Indian Motorcycle shop, introduce new amenities, extend restaurant hours, and enhance entertainment offerings. These efforts aim to bolster the casino’s appeal and further contribute to the local economy.

Old Bay State Enjoys a Big New Betting Boom

The Massachusetts sports betting market as a whole demonstrated robust growth during April, solidifying its position as one of the most lucrative markets in the country.

According to the Massachusetts Gaming Commission, the first full month of mobile sports betting generated a total handle of approximately $579.3 million from three retail and six mobile sites.

The state collected $11.8 million in taxes from over $58.9 million in revenue, indicating a prosperous period for the industry. Compared to the previous month of March, which had only 22 days of betting, the overall handle saw an increase from $548.102 million.

However, per-diem betting numbers declined by approximately 30 percent, falling from $24.913 million in March to $19.308 million in April.

Operators scaled back their marketing spend, reducing the use of Massachusetts promo codes. They also offered less bonus wagers and odds boosts due to potential marketing restrictions imposed by regulators.

Last month presented a wealth of betting opportunities in the state. The regular-season and playoff games of the Boston Celtics and Boston Bruins; the full month of the Boston Red Sox’s regular season; the NCAA men’s basketball championship; the Masters, and the NFL Draft attracted significant interest from bettors, contributing to the revenue growth.

Massachusetts Continues to Embrace Online Gambling

The rapid expansion of the Massachusetts market is evidenced by the growing number of operators.

Betr, co-founded by Jake Paul and Joey Levy, has begun its cash-wagering operations in Massachusetts. This makes it the seventh online wagering operator in the state. Fanatics Sportsbook is also set to join as the eighth mobile operator after receiving its Certificate of Operation.

Since the launch of mobile betting on March 10, over 950,000 new online sports betting accounts have been created. This shows the increasing popularity of sports betting in Massachusetts. Projections indicate that the state could generate between $60 to $70 million annually in tax revenue from sports betting.

Massachusetts ranked fourth in the nation in terms of betting numbers for March, trailing New York, New Jersey, and Pennsylvania. However, when adjusted for population, Massachusetts’ numbers are comparable to those of a well-established market like New Jersey.

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Live Dealer Craps Coming Soon to Michigan After Deal Struck with Evolution https://cryptobetting.org/blog/live-dealer-craps-coming-soon-to-michigan/ Wed, 17 May 2023 14:01:08 +0000 https://cryptobetting.org/?p=149624 Evolution’s Live Dealer Craps is to go live in the Wolverine State after the Michigan Gaming Control Board granted approval.

Craps fans in Michigan can now experience the authentic gaming experience of Live Dealer Craps as multiple online casinos in the state begin launching the popular table game.

“In every state so far, its launch is seen as a true landmark moment because Craps is such an iconic game with a long and colorful history in the U.S.”

Jeff Millar, Evolution North American Chief Commercial Officer

Following its successful introduction in Pennsylvania, New Jersey and West Virginia, Live Dealer Craps is now available in Michigan via some of the biggest names in the casino community.

These operators include both traditional casino websites, as well as the most modern-day crypto live dealer casinos online.

Evolution’s North America CEO also expressed his excitement over this development.

“We’re delighted to bring the excitement of the craps table to the palm of players’ hands – without having to make your way to a physical casino.”

Jacob Claesson, Evolution CEO in North America

Claesson elaborated further that the game will come with ‘Easy Mode’ featuring simplified bet spots and an interactive tutorial — making it a fun and easy way to learn the game.

Michigan’s online casinos have already established themselves as champions of live dealer gaming, with Craps now added to their list of real-world titles.

While ten online casinos in Michigan have already added Live Dealer Craps to their platforms, others are expected to follow suit, partnering with Evolution to bring this popular game to their players.

casino floor with craps table

Evolution Partners with More Software Giants

Earlier this year, Romanian slots game provider Reevo also announced its collaboration with Evolution, enhancing its aggregation platform with a range of top-quality games.

The partnership will see Reevo integrate Evolution’s titles into its platform, offering operators streamlined access to a vast library of games through a single API integration.

Evolution, which acquired NetEnt and Red Tiger in 2020, brings popular titles like Lost Relics, Gonzo’s Quest, Starburst and Knights of Avalon to the collaboration. Additionally, Big Time Gaming (BTG), renowned for the Megaways slots game mechanic, falls under Evolution’s umbrella.

The collaboration with Evolution follows Reevo’s recent partnership with Pragmatic Play, highlighting the platform’s commitment to offering a diverse range of premium content to its operator partners.

With Evolution’s expertise in developing, producing, marketing, and licensing B2B Live Casino solutions, this partnership solidifies Reevo’s position as a leading player in the online gaming industry. The platform’s ongoing efforts to expand its offerings ensure that operators and players alike will benefit from a continually enriched gaming experience.

As Craps continues to maintain popularity among online casino enthusiasts, it is expected that more operators will include it among their live dealer games in the near future.

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Luchamigos: New Play’n GO Slot Game Out May 11 https://cryptobetting.org/blog/luchamigos-playngos-new-slot-game-out-may-eleven/ Tue, 16 May 2023 16:22:18 +0000 https://cryptobetting.org/?p=149533 Gaming pioneer Play’n GO brings you its latest slot game, Luchamigos, which takes you on an adventure into the world of Mexican wrestling.

graphic of Mexican wrestlers and Luchamigos title

Released on May 11, 2023, The 5×4 slot boasts eye-popping visuals, innovative mechanics, and a host of unique features. It also comes with 1024 paylines and an RTP of up to 96.2%.

The Luchamigos slot game is a highly volatile game, which means you can expect your payouts to be larger but less frequent compared to medium or low volatility titles. The jackpot prize is a very generous 10,000x your stake.

Wrestle Your Way to a Win

Luchamigos invites players to dive into the colorful universe of Mexican wrestling. Here you meet three aspiring friends on a quest to become ‘”Luchador”champions.

While they never found the strength to competed at a pro level, their lives take an exciting turn when they stumble upon a mystical chili pepper. This picante little number gives them supernatural powers, transforming the game for them.

Join Gran Chico, Roco Elastico, and Muchos Salvajes as they embark on their journey to conquer their rivals using their newfound spicy magic.

The game showcases vibrant visuals and vivid colors that reflect the energetic atmosphere of “lucha libre”, Mexico’s wrestling tradition.

Luchamigos offers players a fun experience with its array of cool and quirky symbols, complemented by an eye-catching background. As you play the game, more features unlock, giving you fast-paced gameplay and the chance to land some major wins.

Luckily, as this game comes from one of the biggest names in the software developer industry, you can find it at all the leading crypto slots sites, as well as traditional-currency casino sites.

Play’n GO’s head of game retention, George Olekszy, said he was excited for to see the fans’ reaction to the game. He added that Luchamigos “offers players some brilliant bonus features.”

Wilds, Power Chili Spins and the Ultimate Hot Spins

In Luchamigos, the trio of wrestlers serves as wild symbols. When players land at least one of these symbols with a Chili Scatter symbol, the wrestlers bust out their special abilities. These include stacked wild reels, 2×2 Mega Wild symbols, or four random wild symbols appearing on the reels.

These features give you plenty of chances to create winning payline and unlock some pretty big wins. Just remember to always read the terms and conditions before you sign up to a new site and search for this game.

Discover More Play’n GO Releases

Play’n GO has been growing its presence in various markets in recent months. At the same time, they continue to bring out new and exciting titles.

Furthermore, the company recently introduced two new games: Ronin’s Honour and Gerard’s Gambit. Ronin’s Honour is a samurai-themed game with a hero vs. villain type story line. It was released on April 12, 2023. The game offers five reels, a massive 243 payline and a max payout of up to 30,000x.

Meanwhile, Gerard’s Gambit is an educative-adventure slot game, with five reels and a maximum RTP of 96.20 percent. It was released two weeks later on April 27, 2023.

This medium volatility game features ten paylines and a 3,000x maximum payout, with bets ranging from 0.05 to 100.

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Fanatics Gambles on Sports Betting with $150m PointsBet Acquisition https://cryptobetting.org/blog/fanatics-gambles-on-sports-betting-with-150m-pointsbet-acquisition/ Mon, 15 May 2023 14:22:18 +0000 https://cryptobetting.org/?p=149484 iGaming giant, Fanatics, has finalized an agreement to purchase PointsBet’s U.S. assets for approximately $150 million. The move signals a exciting and groundbreaking milestone in the American sports betting landscape.

blue background with Fanatics logo

The deal, confirmed on the fifth anniversary of the U.S. Supreme Court’s PASPA decision, represents one of the biggest American sports betting news stories in recent times, similar to when Caesars Entertainment acquired William Hill in April 2021.

The acquisition primarily centers around market access, with PointsBet operating in 14 states, including key markets such as New York, Illinois, New Jersey, Michigan, and Pennsylvania.

Fanatics had previously narrowly missed out on obtaining an online sports betting license in New York in 2021. The deal positions Fanatics to establish a stronger foothold in the U.S. sports betting market and expand its presence across multiple states.

The sports betting company’s ambitious expansion plans are further evidenced by its intention to enter Massachusetts and Maryland by mid-to-late June.

With aspirations of becoming the nation’s largest sportsbook within a decade, Fanatics is leveraging its extensive customer database of around 95 million users, cultivated through its merchandising, NFTs, and online gaming divisions.

PointsBet will retain its trading businesses in Canada and Australia as part of the agreement, safeguarding its international operations.

Additionally, the company will maintain access to its proprietary sports wagering, racing, and iGaming platform, ensuring the continuation of its core offerings. PointsBet’s agreement with NBCUniversal will be transferred entirely to Fanatics.

The acquisition will be carried out in two parts, with the initial phase expected to conclude around August 31, 2023. Fanatics will acquire the entities responsible for operating PointsBet’s business in at least three states during this phase.

Fanatics will then continue to acquire PointsBet’s entities in three additional states on a rolling basis, gradually expanding its market presence.

Cyberattacks Target PointsBet Customers

PointsBet has just resumed its email marketing operations after a recent cyber attack targeted a third-party provider, resulting in customers receiving cryptocurrency phishing scams in their inboxes.

The scam emails were marked as urgent and inundated with spelling errors, enticing users to send cryptocurrency with the promise of receiving double the amount from PointsBet as part of a purported “record-breaking profits season.”

Promptly responding to the incident, PointsBet took immediate action by halting all customer email marketing activities, including their popular newsletter, the PointsBet Hustle.

Within an hour and a half, another email from the same address cautioned users against engaging in the fraudulent transmission.

“An email was sent this morning by a third-party provider that was NOT an official PointsBet communication in relation to cryptocurrency. Please delete this message and do NOT click or respond in any way,”

Pointsbet

Shortly thereafter, the company provided reassurance that customers’ email addresses remained secure, saying, “Thank you for your patience as we quickly resolved an issue related to a phishing attempt this morning. PointsBet would like to apologize for any inconvenience this may have caused to customers.”

PointsBet confirmed that the phishing attempt targeted their mailing list but reassured users that individual email addresses were not compromised. It also emphasized that there had been no core player account management or internal systems breach.

The company’s shareholders are scheduled to vote on the proposed transaction at a meeting anticipated to be held in late June. If approved, PointsBet’s funding requirement for the U.S. business will be capped at approximately $21 million until the completion of the acquisition.

The deal is subject to regulatory approval from relevant authorities, ensuring compliance with legal and financial regulations governing the sports betting industry.

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Sports Betting in Texas: State Representatives Approve Referendum https://cryptobetting.org/blog/sports-betting-texas-state-representatives-approve-referendum/ Mon, 15 May 2023 13:19:56 +0000 https://cryptobetting.org/?p=149439 Sports betting Texas legislation could be in for a huge change this year, as the House of Representatives approved a referendum which includes an online sports betting question in the upcoming November 2023 general election ballot. This means that Texas voters will decide the future of sports betting in the state.

The referendum, proposed by Rep. Jeff Leach, required at least 100 votes on the third reading to proceed to the Senate.

After two failed attempts, the referendum successfully got the the 101 votes needed on the third push. Therefore, this marks a huge step forward for sports betting law in Texas.

The positive stance towards sports betting within the House is evident. But the path ahead in the Senate poses a bigger challenge. While the House favored Leach’s online sports betting bill, 82-51, the final decision rests with the Senate. It’s here that resistance to sports betting has been stronger.

If both the referendum and the bill receive Senate approval before the legislative session concludes on May 29, Texans will have the chance to shape the fate of sports betting in the state through the November 7 election.

Leach’s bill supports the legalization of online sports betting through Texan professional sports teams. Licenses will be made available to WNBA, MLS, MLB, NBA, NFL and NHL franchises.

Online sports betting would also face a tax rate of 10 percent on adjusted gross sports betting revenue. Each license issued would also carry a cost of $500,000.

Texas Sports Betting Alliance Fights for the Right to Wager on Sports in the State

The Texas Sports Betting Alliance, made up of Texas professional sports franchises, sports leagues, race tracks, and sports betting platforms, has expressed its support for Leach’s bill.

President of the Sports Betting Alliance Jeremy Kudon commended the House for its approval, pointing out the desire of Texans to legally engage in sports betting. He said:

“Texans want and deserve the freedom to safely and legally bet on their favorite teams, and they are one chamber away from getting it.”

Jeremy Kudon, PRESIDENT OF THE SPORTS BETTING ALLIANCE

Senate to Potentially Put an End to House’s Winning Streak

Despite the House’s positive view, how the bill will get through the Senate remains unclear. Lieutenant Gov. Dan Patrick is a major opponent of legalized sports betting and has said that there is not enough support in the Senate for its approval.

He spoke of the need for consensus among Republican Senators. The bill needs around 15 or 16 senators to favor it. Otherwise, Patrick said that he would not bring any bill to the Senate floor for a vote if lacked Republican support.

With 31 members in the Texas Senate, a bill needs 21 votes (two-thirds majority) for approval. While the bill currently enjoys the support of 12 Democrat Senators expected to vote in favor, it still requires more Republican backing to move forward.

The governor’s reluctance to allow a bill to proceed without enough Republican support raises doubts about the fate of sports betting legislation in Texas.

As the referendum and Leach’s bill face the Senate, the future of sports betting in Texas hangs in the balance. While the House has shown its support, the approval of the Senate remains an uphill battle.

In summary, the final decision rests on the shoulders of the Senate. Only time will tell if Texas will join the growing list of states saying yes to sports betting.

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