It wasn’t a good weekend for the sports betting industry. On Sunday, DraftKings revealed that hackers stole some $300,000 in customer funds through a series of compromising moves to wagering accounts, which led to unauthorized bank withdrawals. DraftKings is committed to paying customers any money lost in illegal intrusions.

The effort to legalize sports betting in California ran headlong into a typical challenge for competing ballot measures as each was battered in a torrent of negative advertising that doomed both to spectacular failure in the most expensive ballot race in U.S. history.

The effort to legalize sports betting in California ran headlong into a typical challenge for competing ballot measures as they were battered by negative advertising that doomed both to spectacular failure in the most expensive ballot race in U.S. history.

Esports debuted in a traditional online sportsbook back in 2009. Since then, Esports has developed into a billion-dollar industry, thanks to the growth of streamers leading to increased audiences and more sponsorship revenue.

During the height of the COVID-19 pandemic in 2020, the sports wagering world was essentially short-circuited as professional and college sports leagues canceled games. With the notable exceptions of Belarusian soccer and Russian table tennis, actual markets for sporting events were few and far between.

No wagering breakthroughs are expected when esports betting is allowed more frequently at Nevada sportsbooks about a month from now.