Axios Cleveland

October 27, 2025
Hello, Monday! We're marking the sports equinox with a special newsletter takeover courtesy of our fellow Axios reporter Maxwell Millington.
- This phenomenon dates back to 1971, and this year, sports fans will be treated to games across five major leagues!
Situational awareness: Our Cavaliers are a part of this year's slate. They face the Detroit Pistons tonight.
Today's newsletter is 1,048 words — a 4-minute read.
1 big thing: Gambling's golden season


The sports equinox, a day when games across the four major sports — the NFL, NBA, MLB and NHL — are scheduled, marks the start of the busiest season of the year for gambling.
Why it matters: Casinos are cashing in as more states legalize sports betting.
State of play: Legal Sports Report data shows that bettors across the U.S. wagered a record $16.25 billion in November 2024 — the biggest month yet for legal sports betting.
- Casinos also took in their highest-ever revenue that month — $1.73 billion, a figure they haven't matched so far in 2025 (as of August).
- The sports equinox fell on Oct. 28 last year.
What they're saying: "The zenith for any sports fan, and for us, is late October and early November, when everything is starting or ending," Lamarr Mitchell, director of trading for MGM Resorts, tells Axios.
- "Staff takes [time] off in the summertime because they know it's going to be a lot busier in the fall."
BetMGM tells Axios it saw a 50.2% increase in tickets and a 33.7% increase in handle from the 2023 sports equinox to 2024's sports equinox.
- The casino platform gets 15% more tickets on the sports equinox than on a normal day.
By the numbers: The NFL (38.1%) had the highest percentage of bets placed, despite only having one game on the schedule.
- The league was followed by the NBA (36.2%), MLB (13.8%) and NHL (11.9%), according to BetMGM.
What we're watching: Legal Sports Report projects casinos will reach $17.5 billion in handle and $1.7 billion in revenue this November.
Yes, but: Bets on NBA games could cool, after a major investigation last week netted more than 30 arrests of current and former NBA players and coaches involved in related gambling scandals.
- Among those arrested were former Cavs guard and coach Damon Jones and Ohio native Terry Rozier.
2. Young bettors, big debts
Gen Z and millennials are driving the fastest growth in sports betting, but a decline may be on the horizon, according to TransUnion's latest U.S. gaming report.
Why it matters: The credit bureau says gambling responsibly is "more important than ever" due to economic uncertainty and growing debt obligations for young bettors.
By the numbers: TransUnion found that betting activity rose to 30% of consumers in Q2 2025, up from 25% in Q2 2024.
- Brick-and-mortar casinos remained the top venue in Q2, but online sports betting is a close second with increases in activity from those two generations.
Zoom in: Activity on online sportsbooks has risen 7% year-over-year for both Gen Z and millennial bettors.
- Land sportsbook betting is down 1% for Gen Z, but up 11% for millennials, which suggests a stronger appetite for a variety of betting experiences.
Threat level: The report lists the resumption of federal student loan repayment, trade policy uncertainty and comparatively low income as key factors in what could be a reversal of growth.
- The total monthly debt payment for millennial and Gen Z consumers is up 20% and 27%, respectively, way above the inflation rate (6%) and wage growth (8%).
The bottom line: In a statement, Declan Raines, head of TransUnion's gaming division, said sportsbooks can't ignore that many bettors are financially vulnerable and that they need solid, responsible gaming tools to help keep them safe.
3. The Terminal: Clambake season
🦪 Clammers send more clams to Cleveland in the fall than anywhere else in the world, cementing us as the bona fide "Clambake Capital." (Food & Wine)
🎶 The general manager of Cain Park in Cleveland Heights, who was recently suspended and ordered to take anger management training, is no longer employed by the city. (Cleveland.com)
🏡 A real estate investment firm plans to build and sell 2,000 "panelized homes" — manufactured at a factory off-site with a proprietary concrete mix — across Northeast Ohio in the next five years. (Crain's Cleveland Business 🔒)
⛵️ The city of Aurora broke ground last week at the former SeaWorld Ohio site, with plans to convert the 47 acres into a beachfront public park. (WKYC)
4. This year's equinox


Sports superstars are front and center at this year's sports equinox.
Between the lines: Fans can tune in to Shohei Ohtani at the plate, Patrick Mahomes on the gridiron or Cooper Flagg on the court.
The marquee matchups to watch tonight:
⚾️ World Series Game 3
- The Los Angeles Dodgers try to protect home field as the Toronto Blue Jays stand in their way of winning back-to-back World Series titles.
- How to watch: Fox.
🏀 Dallas Mavericks vs. Oklahoma City Thunder
- Flagg, the No. 1 overall draft pick, will be tested against the best when the Mavs host the defending NBA champions.
- How to watch: Local TV and NBA League Pass.
🏈 Kansas City Chiefs vs. Washington Commanders
- The defending AFC Champions host the Washington Commanders, who are struggling after a deep playoff run last year.
- How to watch: ABC and ESPN.
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5. Fans are feeling the price tag
This year, ticket prices are the second-highest of any sports equinox dating back to 2021, according to exclusive data from SeatGeek.
State of play: The average resale price for the 15-game slate (the MLS was excluded) is $611.
- Resale prices for games in the four major sports this month are averaging $270.
Yes, but: The ticket platform reports demand is down 32% from last year, when prices averaged $905 (the highest since 2021), likely due to a World Series that included two iconic MLB franchises — the New York Yankees and Los Angeles Dodgers.
💸 Troy is keeping with the theme and likes the Cavs straight-up on the money line against the Pistons tonight.
🎰 Sam made one $5 parlay bet the first year of legal sports betting and won $80 at the former Caesars sports book at Rocket Arena. (Thanks for that three-pointer, Isaac Okoro.)
- He's been riding that same $80, in sporadic $1 and $2 FanDuel bets, ever since.
🍿Max plans to celebrate the equinox by watching the World Series on his phone from his seat at the Lakers game.
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