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US Sportsbooks Face Losses Amid Record Betting Volumes

2/7/2025

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Summary

Story summary

US sportsbooks are grappling with unexpected losses this season, despite record-high betting volumes, as favored teams dominate. The upcoming Super Bowl LIX presents a glimmer of hope, with balanced bets expected on the Chiefs. New markets in North Carolina and Vermont could invigorate wagering, but regulators are on high alert for potential betting scandals.

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Story summary

US sportsbooks are grappling with unexpected losses this season, despite record-high betting volumes, as favored teams dominate. The upcoming Super Bowl LIX presents a glimmer of hope, with balanced bets expected on the Chiefs. New markets in North Carolina and Vermont could invigorate wagering, but regulators are on high alert for potential betting scandals.