With sports back after a dry period due to COVID-19, the sports betting industry has been packed with news. There have been various partnerships and launches in the past couple of weeks.
Illinois Stays Remote for Registration
The initial law in Illinois required people to sign up in person for any mobile app. However, COVID-19 made that a little more complicated.
Governor JB Pritzker signed an executive order to allow for online registration for sportsbooks in the state. But it was for a limited period of time, which ended at the end of last week. Sports bettors in the state were waiting to see if he would extend this order, which he ultimately did.
Now, the executive order is extended through at least Oct. 17, which gives DraftKings and FanDuel a little more time to generate a physical presence in Illinois.
The question remains whether this should just be permanent or not. If it is ok now, why should the state return to in-person registration?
Raiders and MGM
The Raiders had their first game at Allegiant Stadium on Monday night, their first home game as the Las Vegas Raiders. It is only appropriate that they made BetMGM the official sports betting partner last week.
“We are pleased to add BetMGM to the MGM Resorts partnership portfolio,” read a press release from Marc Badain, president of the NFL team. “The addition of BetMGM will open new levels of engagement for Raiders fans and guests of Allegiant Stadium.”
BetMGM already has similar deals with the Denver Broncos and Detroit Lions.
Barstool launches in Pennsylvania
Penn National stock has been a hot topic for some time, especially after they paid $163 for a third of Barstool sports. There has been much anticipation of the app’s release, and it was finally available to customers in Pennsylvania just before Week 2 of the NFL.
Penn National has gone on record to say that they wanted to get the sportsbook right before they released it. The company did not want to rush a product that wasn’t ready.
Odds for the Preakness Stakes Released
It has been a strange year for horse racing. The usual Triple Crown schedule was entirely changed due to races being suspended because of COVID-19.
This year, the Belmont Stakes, the usual last leg of the Triple Crown, ran first. After that, it was the Kentucky Derby. With two different winners, there is no longer a possibility of a Triple Crown winner.
However, both of those horses will take part in the Preakness Stakes and are the top favorites.
- Tiz the Law +475
- Authentic +225
- Art Collector +425
- Thousand Words +740
- Ny Traffic +850
- Mr Big News +1400
- Dr Post +1400
- Pneumatic +2000
- Mystic Guide +3000
- Happy Saver +3000
- Liveyourbeastlife +4000
- Swiss Skydiver +1100
Tiz the Law came away with the Belmont, and Authentic won the Kentucky Derby. Will one of them get a second win? Or will we see three different winners in the Triple Crown races in 2020?