Gambling addiction up 110% as people less likely to invest in stock
Gamblers are dumping stocks to bet on sports. A new study by the Social Science Research Network found that for every dollar spent on the recreational activity, net investments in stocks dropped by $2, and betters were investing 14% less in stocks after these apps became legal.
Increase in sports betting can lead to decrease in investments, study suggests
A recent study implies that some Americans are using money from investment accounts to cover their sports bets.
US Supreme Court refuses to take up challenge to Florida’s online sports betting compact
The U.S. Supreme Court on Monday refused to take up a challenge to an agreement that gave the Seminole Tribe exclusive rights to handle online sports betting in Florida, dealing a blow to the deal’s opponents.
'It is real:' Sports betting leads to increased threats against athletes and coaches
With sports betting now legal in the majority of the United States, there's been a huge spike in gambling. It's up 45% from 2022 to 2023. More than $23 billion was bet on this year's Super Bowl alone, but the problem is not everyone is a winner.
Florida's gambling addiction hotline sees massive increase in calls after state allowed online gambling
Calls to the Florida's gambling addiction hotline have more than doubled since the state began allowing online gambling in late 2023, according to the Florida Council on Compulsive Gambling.
Floridians can place bets on Super Bowl LVIII after state legalizes sports betting
For the first time ever, Floridians will be able to place legal sports bets on the Super Bowl after the state joined 37 others in legalizing sports betting.
Florida Supreme Court to rule on legality of online sports betting in the state
The fate of online sports betting in Florida is now in the hands of the Florida Supreme Court. This week, West Flagler Associates filed their final brief with the court now leaving it up to the seven-judge panel to rule on the issue.
Here’s what to know as the Seminole Tribe launches sports betting, table games in Tampa
On Friday morning, the Seminole Hard Rock Tampa will roll out the red carpet for a star-studded launch of new table games and sports betting. The casino is adding craps and roulette tables, as well as a sportsbook to its gaming line-up.
Hard Rock launches limited rollout of sports betting app in Florida
Mobile sports betting is now available again in the Sunshine State, albeit in a limited fashion.
Sports betting to kick off in-person at all six Seminole casinos in Florida
Get ready to roll the dice, put it all on red or place a wager on your favorite team. Come December, The Seminole Tribe of Florida will begin craps, roulette, and in-person sports betting at all six of its casinos in Florida.
Sports betting plan faces new challenge in Florida
After a federal appeals court ruled against them, two pari-mutuel companies on Tuesday asked the Florida Supreme Court to strike down part of a multibillion-dollar deal that would give the Seminole Tribe control over sports betting throughout the state.
Seminole Tribe gets win in Florida sports betting case
Dealing another victory to the Seminole Tribe of Florida, a federal appeals court has denied a request from pari-mutuel owners for a rehearing after a ruling that upheld a multibillion-dollar deal giving the tribe control over sports betting throughout the state.
2021 Seminole gambling deal decision reversed by federal appeals court
In a move that could remake Florida’s gambling landscape, a federal appeals court on Friday overturned a ruling that blocked a deal giving the Seminole Tribe control over sports betting throughout the state.
Reports: 1 of 2 winning Mega Millions tickets sold in Fort Myers
This weekend's Mega Millions Jackpot wasn't one of the largest in history, but it was a big deal for one ticket-holder who bought the lucky numbers in Florida.
Biden administration urges appeals court to reinstate gambling deal between Florida, Seminole Tribe
The Biden administration is urging an appeals court to reinstate a deal that gave the Seminole Tribe control of sports betting throughout Florida.
Gamblers may be entitled to refunds from Hard Rock Sportsbook app, experts say
The Hard Rock Sportsbook app shut down Saturday, more than a month after a federal court ruling deeming the Seminole Tribe's gaming compact with the state illegal. But there are still many questions about what will happen to the money that was made while the app was in operation.
Seminoles suspend sports betting after court rulings
Gambling on sports is off the table in Florida, at least for now, after the Seminole Tribe suspended its online sports-betting operations Saturday morning.
Court refuses to put Florida gambling ruling on hold
An appeals court rejected the Seminole Tribe's attempt to keep its sports betting app online after a federal judge ruled online betting in the state was not legal.
Sports betting app remains online despite judge's ruling against online betting in Florida
The Seminole Tribe's sports betting app is still live and taking bets, despite a judge's ruling that online sports betting is illegal in Florida. Legal experts say the tribe's attempt to appeal probably won't make much difference.
Tribe asks appeals court for stay in sports betting case
The Seminole Tribe has asked a Washington D.C.-based appeals court for a stay of a ruling that rejected a gambling deal allowing sports betting in Florida.