Wide World Of Gambling: ‘Parlay Patz’ Receives Probation For Threats, Sportsbooks Balk At Mayweather-Paul, New Jersey Overtakes Nevada

man reads phone

It was another eventful week in the world of gambling.

In this installment of the weekly roundup from US Bets, we’re giving you a rundown of some of the more interesting news nuggets from the world of sports betting and beyond.

Also be sure to check out Sports Handle for its weekly news recap, “Get a Grip.”

Young bettor gets probation over threats to athletes

A sports bettor who made headlines a couple of years ago due to his high-stakes parlay wins received probation this week for sending murderous threats to athletes. The threats were tied to his gambling activity, per authorities. Fortunately for Benjamin “Parlay” Patz, he’ll avoid prison time and hopefully will be able to overcome this chapter in his life. Patz was ordered to stop gambling.

Regulated books balk at Mayweather vs. Paul

This weekend will see undefeated boxing legend Floyd Mayweather enter the ring against YouTuber Logan Paul, not to be confused with younger brother Jake Paul who as of late has been making bigger waves in the sport than his older brother. However, it’s Logan who gets the exhibition bout with one of the greatest to ever compete in boxing. Regulated books in the U.S. have stayed away from the exhibition for traditional wagering. Just this week it was revealed that the fight has truly bizarre rules. There will be no judges, so no winner will be declared if there isn’t a KO/TKO. That’s basically a non-starter for books. DraftKings, a top U.S. sportsbook, is offering a prediction contest for the match in lieu of traditional betting.

Olympics still up in the air for sportsbooks

Regulated sportsbooks in the U.S. would benefit significantly from the Olympics finally being held after the summer games were postponed last year. However, as the days go by more resistance to the games is growing in Japan, due to concerns about another wave of the COVID-19 virus. It’s still a bit too early to tell what will happen, but sportsbooks surely have their fingers crossed.

Florida mayor calls for feds to reject gambling deal

Florida policymakers and gaming interests in the state worked out a deal for online sports betting, but some are calling foul on the entire process and asking the federal government to reject the deal, which requires an OK in Washington, D.C, between the state and the Seminole Tribe of Florida. One component of the massive gambling expansion plan could include a Trump casino in the state, which of course has also raised eyebrows. The Florida online sports betting saga is far from resolved.

Retail-only sports betting to appear on California ballot

California is arguably the most fickle state in the nation when it comes to online gaming. Efforts for online poker in the Golden State lasted about a decade before fizzling out several years ago. Online sports betting has been met with similar issues, but the powerful tribal casino industry in the state is now ready for retail sportsbooks. Voters will get to weigh in on retail sports betting next year.

DraftKings partners with Boost Mobile for gambling

In a first-of-its-kind deal between a state-sanctioned sportsbook and a cellular service carrier, DraftKings and Boost Mobile reached a partnership. The deal includes the DraftKings sports betting app eventually being pre-loaded on Boost devices, along with betting integration with text messaging. The relationship between DraftKings and Boost has raised some responsible gambling concerns.

Largest single-game bet of NBA season comes in

According to VSiN, a $400,000 single-game bet on the Dallas Mavericks in a contest against the Los Angeles Clippers is the largest known NBA bet of its kind so far this year. That doesn’t include futures, which can be much larger. Fortunately for the bettor, they won $1 million on the Mavs.

New Jersey overtakes Nevada in post-PASPA handle

It was only a matter of time. New Jersey has eclipsed Nevada in sports betting handle since May 2018, when the famous U.S. Supreme Court ruling struck down a federal prohibition called the Professional and Amateur Sports Protection Act of 1992. New Jersey had long ago surpassed Nevada in handle on the basis of a particular month, but it took some time for the Garden State to come from behind and become the true leader in post-PASPA handle. New Jersey benefits from a larger population, as well as people being able to register for an online gambling account remotely, unlike in Nevada.


Related Posts

(function ($) { "use strict"; $(window).load(function(){ $('body').on('load', function(){ $(this).addClass('windowLoadFired'); }) }); })(jQuery);