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U.S. Legal Gambling Boom Expected to Drive Record Betting on Summer Olympics

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U.S. Legal Gambling Boom Expected to Drive Record Betting on Summer Olympics

Paris, France – The upcoming Summer Olympics in Paris, starting July 26, are poised to attract unprecedented levels of betting activity, thanks to the widespread legalization of gambling in the U.S. This will be the first Summer Olympics since legal sports betting became prevalent across the nation, and the gaming industry anticipates a surge in wagers on popular sports like basketball, soccer, and tennis.

Max Bichsel, North America executive vice president at Gambling.com Group, remarked on this significant shift, saying, “The Olympics and gambling, for decades, have looked at each other from afar. This year we’ll see them meld together.”

The timing of the Olympics is particularly favorable for sportsbooks, coinciding with the offseasons of major betting leagues like the NFL and NBA. However, the overall impact on gambling operators remains uncertain. Giants such as FanDuel and DraftKings, which dominate about 80% of the U.S. online gambling market, may see a less pronounced effect compared to smaller players.

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Jordan Bender, a senior equity analyst at Citizens JMP, commented, “If you want to look at this from an annual perspective for a company like DraftKings or FanDuel, it’s still going to have a relatively minor impact. Obviously positive, but it’s not going to be as big as we might think, and a lot of it is going to be largely dependent on viewership.”

FanDuel, owned by Flutter, indicated that the Olympics might not significantly influence their sportsbook operations, while DraftKings did not respond to requests for comment.

The growth of legal gambling in the U.S. has been substantial. Over 30 states now permit some form of sports wagering, with many allowing mobile and online betting. This is a dramatic increase from the last Summer Olympics, held in Tokyo. In 2021, 97 million American adults could place a bet; this year, that number has risen to 164 million, according to the American Gaming Association.

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Brandon Friedman, vice president of operations at PrizePicks, a daily fantasy operator, noted that their platform offered Olympic events during the Tokyo and Beijing games, with a preference among users for summer competitions. “As a result, we are leaning into the Paris 2024 Olympics with a wider offering for our members to enjoy than ever before,” Friedman said.

As the games approach, sportsbooks and fantasy operators are preparing for a significant uptick in engagement, hoping to capitalize on the increased interest and participation in Olympic betting.

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Novak Djokovic Sets Grand Slam Record with Melbourne Victory

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Novak Djokovic Sets Grand Slam Record with Melbourne Victory

Novak Djokovic made history at the Australian Open, surpassing Roger Federer’s record for the most major singles matches played in tennis history. The 37-year-old Serbian star achieved the milestone with a hard-fought win against qualifier Jaime Faria, triumphing 6-1, 6-7 (4-7), 6-3, 6-2 to advance to the tournament’s third round.

With his 430th Grand Slam singles match, Djokovic now holds the all-time record for the most Grand Slam matches played by any tennis player, male or female. He overtakes Federer, whose last Grand Slam match was at Wimbledon in 2021, solidifying his place in tennis history.

Reflecting on his achievement, Djokovic expressed gratitude and passion for the sport:
“I love this sport. I love competition. I try to give my best every single time. It’s been over 20 years that I’ve been competing in Grand Slams at the highest level. Whether I win or lose, I will always leave my heart out on the court. I’m just blessed to be making another record.”

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The victory adds another chapter to Djokovic’s illustrious career, as he continues to push the boundaries of excellence in tennis. With his relentless drive and unmatched consistency, Djokovic remains a dominant force on the court and a source of inspiration to fans around the world.

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Jack Grealish Ends Goal Drought as McAtee’s Hat-Trick Powers Manchester City to FA Cup Rout

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Jack Grealish Ends Goal Drought as McAtee's Hat-Trick Powers Manchester City to FA Cup Rout

Jack Grealish scored his first goal in over a year and James McAtee delivered a stunning second-half hat-trick as Manchester City demolished League Two side Salford City in the FA Cup third round. The 7-0 victory was City’s biggest win since January 2019.

Grealish opened the scoring in the 49th minute with a calm penalty after being fouled, jokingly deferring to usual spot-kick taker Erling Haaland, who was rested on the bench. This marked Grealish’s first goal since December 16, 2023, when he netted against Crystal Palace, ending a prolonged struggle for form.

Twenty minutes later, Grealish passed penalty duties to Belgian winger Jeremy Doku, who confidently converted. Doku, instrumental throughout, set the tone for the dominant performance, helping City capitalize on their first-ever competitive meeting with Salford City, a club owned by Manchester United’s famous “Class of ’92.”

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City’s youth players made the most of their opportunities. Divin Mubama, making his debut, tapped in Matheus Nunes’ precise low cross to claim his first senior goal. Nico O’Reilly also opened his City account, firing a low shot into the far corner from Doku’s cut-back.

The star of the match, however, was James McAtee. The England Under-21 midfielder, often overlooked this season, stole the spotlight with a clinical hat-trick. His first came in the 62nd minute, courtesy of another Doku assist. McAtee completed his treble within 19 minutes, with Phil Foden and Jack Grealish providing the setups for his second and third goals, respectively.

With key players rested, Pep Guardiola’s side showed their depth and quality, dominating possession and dismantling a Salford team that struggled to cope with the Premier League giants’ intensity.

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David Moyes Returns as Everton Manager for Second Stint

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David Moyes Returns as Everton Manager for Second Stint

David Moyes has been reappointed as Everton manager, marking his second tenure at the club. The 61-year-old Scot signed a two-and-a-half-year contract after Sean Dyche was dismissed on Thursday. Everton currently sits 16th in the Premier League, just one point above the relegation zone, with only three wins from 19 matches this season.

Moyes expressed his excitement about returning to Goodison Park:
“I enjoyed 11 wonderful and successful years at Everton and didn’t hesitate when I was offered the opportunity to rejoin this great club. Now we need Goodison and all Evertonians to play their part in getting behind the players this important season so we can move into our fabulous new stadium as a Premier League team.”

Moyes first managed Everton from 2002 to 2013, during which he transformed the club from relegation candidates to regular top-half finishers. His achievements included:

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  • Guiding Everton to the FA Cup final in 2009.
  • Securing a fourth-place finish in 2004-05, leading to Champions League qualification.
  • Developing young talent, including giving Wayne Rooney his professional debut.
  • Signing iconic players like Tim Cahill and Marouane Fellaini.

After leaving Everton to succeed Sir Alex Ferguson at Manchester United in 2013, Moyes managed Real Sociedad, Sunderland, and West Ham United, where he won the Europa Conference League in 2023. Moyes had been out of management since leaving West Ham at the end of the 2022-23 season.

Everton faces significant challenges, but Moyes brings vast experience and a deep understanding of the club’s culture. His goal is to stabilize the team and ensure their place in the Premier League as they prepare to transition to their new stadium.

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