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One interesting development was that retail sports betting handle rose 30.5% in August to just over $7 million, from the $5.38 million in July. Perhaps the Connecticut Sun¡¯s WNBA playoff run had something to do with drawing more wagering at physical sportsbooks. The Sun went to the WNBA Finals before losing the best-of-five series 3-1 to Las Vegas, with the Aces clinching Sunday in Game 4.
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The single biggest bet came in May. McIngvale bet $3 million at Caesars when the Astros had 10-1 odds to win the World Series. He netted $30 million from that wager, which the Las Vegas-based operator said represents the single largest payout in legal sports betting history.
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A government panel recently released a draft that proposes the establishment of a regulatory framework for online gambling in India, according to Reuters. It recommends stricter rules against online gambling.
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