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Caesars, DraftKings partnering on sports betting deal

Caesars Entertainment Corp is buying a stake in DraftKings as the fantasy sports operator looks set to grab significant wagering market share across America.

New Jersey sportsbooks lose $4.6M on $34.9M in Super Bowl bets

New Jersey gambling regulators say its sportsbooks lost $4.6 million on $34.9 million in Super Bowl wagers, the first major sporting event for bettors since sports gambling was legalized in the state last year.

 
Massachusetts governor proposes legalizing sports betting

Gov. Charlie Baker unveiled a proposal on Thursday that would legalize and tax betting on professional sports online and at casinos in Massachusetts.

DOJ issues new opinion on Wire Act

The Department of Justice’s Office of Legal Counsel has issued a replacement for its 2011 opinion, saying that the Wire Act only applies to sports betting.