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STATSCORE’s Betting Industry Review 14/03/2022

Abramovich sanctioned by UK authorities, Ukrainian athletes take up arms, MLB lockout ends – here’s the sports business news from STATSCORE.

  1. Roman Abramovich sanctioned by UK authorities
  2. MLB lockout ends as the league and players reach agreement
  3. Oregon online betting handle reaches $39.5m in February
  4. Ukrainian sports stars take up arms to defend their country
  5. NFL salary cap set at $208.2 million

Roman Abramovich sanctioned by UK authorities

The owner of Chelsea FC was one of seven Russian citizens worth up to £15bn who had their assets frozen and were banned from travelling to Britain as part of Britain’s response to Russia’s invasion of Ukraine.

The oligarch had earlier announced that he put Chelsea up for sale — but the asset freeze and sanctions on him halt that process under the terms of the “special licence” granted to the club.

The UK government’s move is intended to stop Abramovich from making money from  Chelsea. Read more 

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MLB lockout ends as the league and players reach agreement

A new collective bargaining agreement was reached by Major League Baseball and the players union. This means that the full 162-game season has been saved.

The whole process took 99 days of discussions, deadlines, and negotiations. Spring training games start March 17. The opening day is scheduled for April 17.

What allowed the sides to come together on a deal? What is the biggest change in the new CBA? Read more

Oregon online betting handle reaches $39.5m in February

Bettors in Oregon wagered $39.5m on sports online during February, while gross gaming revenue from sports betting reached $3.3m for the month.

The amount of money wagered during February was 33.5% higher than in the same month in 2021, but 7.9% behind the record $42.9m set in January of 2022.

The Oregon Lottery, in partnership with DraftKings, is the only licensed operator of online sports betting in the state. Read more

Ukrainian sports stars take up arms to defend their country

A number of famous Ukrainian athletes have decided to sign up to fight against the Russian attack.

Former heavyweight boxing champions Vitali and Wladimir Klitschko are among the most well-known figures taking an active part in the war.

Other successful athletes who took up the arms include Vasiliy Lomachenko (boxer), Oleksandr Usyk (boxer), Sergiy Stakhovsky (tennis player), and Dmytro Mazurchuk (biathlete and skier). Read more

NFL salary cap set at $208.2 million

The league has notified teams that the 2022 salary cap will be $208.2m, which is a record-level figure for the NFL.

The 2022 salary cap marks a significant increase from the 2021 cap, which was set at $182.5 million per team. The growth of the cap is a key indicator of the return to normal operations amid the Covid-19 pandemic. Read more

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