• Loading stock data...
Monday, April 28, 2025

The Imminent Rise of In-Stadium Betting

DMAC Architecture/Design: Alex Brooks

The Maryland House of Representatives approved a bill this week that, if passed by the Senate, would allow sports betting online, at casinos, and at stadiums for the Baltimore Ravens, Baltimore Orioles, and the Washington Football Team

Maryland expects to make $15-$19 million annually from betting, and would join other states capitalizing on in-stadium wagering.

Illinois and Washington D.C. allow in-person sportsbooks to operate at venues, and legislation in Virginia will allow mobile wagering. Seven other states — including Maryland — have pending bills.

Capital One Arena introduced in-venue betting in August 2020 with William Hill — the first sportsbook inside a U.S. professional sports venue. The temporary setup handled $12.2 million from 113,000 bets in September.

The Pittsburgh Penguins’ PPG Arena announced a partnership with BetRivers last summer as well, and the Chicago Cubs revealed plans for a DraftKings sportsbook near Wrigley Field in 2022. The Washington Nationals and BetMGM are set to open the first onsite sportsbook in an MLB stadium this summer.

Last month, the NFL said it would allow betting lounges at stadiums in states where sports betting is legal, although placing in-person bets in the lounges would still be prohibited.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Shedeur Sanders Prank Call Was Made by Son of Falcons DC Jeff..

Jax Ulbrich located Shedeur Sanders’s draft phone number on an open iPad.

Green Bay NFL Draft Drew Huge Crowds As Well As TV Ratings

The final turnout smashed projections from the Packers and Green Bay officials.
opinion

Mel Kiper Jr.’s Shedeur Sanders Fixation Hurt ESPN Draft Coverage

Kiper called NFL teams “clueless” and said Sanders’s fall was “disgusting.”

Young GM’s Bold Draft Reshapes the Jaguars and Shakes Up the NFL

James Gladstone pulled the trigger on the Draft’s biggest move.

Featured Today

Jun 21, 2024; Boston, MA, USA; Boston Celtics majority owner Wyc Grousbeck holds the Larry O’Brien trophy prior to the Boston Celtics championship parade.

The Celtics Succession Plan Remains Murky

The transfer of power to a private-equity group is still unresolved.
Apr 13, 2025; Tampa, Florida, USA; Tampa Bay Rays center fielder Jake Mangum (28) scores a run against the Atlanta Braves in the sixth inning at George M. Steinbrenner Field.
April 26, 2025

The Rays Groundskeepers Are Adjusting to Life Outside the Dome

After nearly three decades in a dome, Tampa groundskeepers were forced outside.
April 25, 2025

The Former NBA Agent Who Became a Pickleball Deputy Commissioner

Chris Patrick went from representing Jimmy Butler to pickleball deputy commissioner.
Apr 5, 2025; San Antonio, TX, USA; Duke Blue Devils forward Cooper Flagg (2) reacts after a three point basket against the Houston Cougars during the first half in the semifinals of the men's Final Four of the 2025 NCAA Tournament at the Alamodome.
April 21, 2025

Cooper Flagg’s Timing Is Perfect for the NBA and USA Basketball

The projected No. 1 pick just declared for the draft.
Apr 22, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) shoots the ball over Minnesota Timberwolves forward Julius Randle (30) during the third quarter of game two of first round for the 2024 NBA Playoffs at Crypto.com Arena.

Kalshi’s Offensive Blitz Continues With Suit Against Maryland

Kalshi previously sued regulators in Nevada and New Jersey.
April 16, 2025

Sports Prediction Markets Still Face Legal Roadblocks

The Wire Act and tribal sovereignty could be the next legal battlegrounds.
The sun rises behind the New York skyline seen from the Jersey City waterfront on Thursday morning Dec. 10, 2020.
April 22, 2025

N.Y. Sports Betting Faces Major Limits Under New Proposal

Newly proposed legislation would impose daily betting caps and limit advertising.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

This week, Two-time Super Bowl Champion and CBS NFL analyst Logan Ryan joins us to talk the business of sports on our third installment of Portfolio Players.
April 14, 2025

Bank Says Sports Betting Could Weather Tariff Storm

Lower tax revenues could encourage more states to legalize sports betting.
Sports gambling reached an all-time high in 2022.
April 9, 2025

Kalshi Gears Up for Legal Fight With States

Maryland followed at least five other states that have sent cease-and-desist letters.
Potawatomi Sports Book patrons the University of Wisconsin men play UCLA on Friday, March 14, 2025. The venue is open for the first time during March Madness and is expecting to be busy over the next few weeks in Milwaukee.
April 8, 2025

Kalshi Notches Legal Win in Fight With Nevada

Kalshi can keep offering its sports event contracts in Nevada—for now.
Potawatomi Sportsbook patrons watch the University of Wisconsin men play UCLA on Friday, March 14, 2025. The venue is open for the first time during March Madness and is expecting to be busy over the next few weeks in Milwaukee.
April 4, 2025

All Signs Point to Trump Admin OK’ing Kalshi’s Sports Contracts

The federal government appears ready to approve Kalshi’s sports event contracts.