The college football season has started, with the NFL regular season approaching, leading to a projected record $30 billion in wagers this NFL season through legal gambling, an 8.5% increase from last year. Major players like FanDuel and DraftKings face competition from BetMGM and Caesars, with Robinhood entering the game with football prediction markets. However, offshore sportsbooks like Bovada pose a significant threat. Prosecutors are cracking down on illegal gambling operations, with the Los Angeles city attorney filing a lawsuit against Stake.us and other companies, seeking to shut down operations and refund player losses. 50 attorneys general called on the Justice Department to step up enforcement, as states are losing an estimated $4 billion in tax revenue. States actively enforcing against illegal offshore sportsbooks have seen a 10% growth in active players year over year and 38% more new player sign-ups in August.

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1. The U.S. economy added 943,000 jobs in July, beating expectations and marking the strongest hiring month since August 2020.

2. The unemployment rate fell to 5.4% last month, down from 5.9% in June.

3. Average hourly earnings rose by 4% over the past year, indicating a boost in wages for workers.: Americans expected to bet record $30 billion legally