There are currently four sports betting proposals that could end up on the California ballot in 2022. As the most populous US state, it is widely believed that California will be the most profitable betting market. The proposals differ in intent and effect, and each seeks to give a different group control over the nascent … Read more
Flutter, operators of FanDuel, has seen a stock price drop of -23.13% YTD. DraftKings, a top competitor to FanDuel has fallen 12.26% YTD Caesars, on the other hand, is up 44.18% year to date. LAS VEGAS – Online gamblers are known for pouring money into their hobby, so investing in online gambling stocks could be … Read more
Wyoming’s sportsbooks saw $6.2 million in handle in their first month of operation. Due to promotions, the sportsbooks claim to have lost more than $100,000 in that month. They expect revenue to balance out once the major promotional launch deals are done. CHEYENNE, Wyo. – Wyoming’s sports betting is off to a fairly slow start … Read more
Louisiana has licensed four retail locations to open sportsbooks. Retail sportsbooks are launching well before online sportsbooks. Several online sportsbook apps are available, but only to claim promos, not to place wagers. BATON ROUGE, La. – Four retail sports betting licenses have been granted in Louisiana, but online sports betting will likely have to wait. … Read more
FanDuel, Caesars Sportsbook, and DraftKings are expected to bid on NBA live game rights. The live rights take effect in 2025, but negotiations are set to begin in 2022. ESPN/ABC and TNT currently split NBA live game rights. LAS VEGAS – Gambling companies are expected to bid on NBA streaming rights once the current broadcast … Read more
The Pennsylvania gambling industry had its best September to date. Online Pennsylvania gaming in September increased by 74% year-over-year. FanDuel severely outperformed every other Pennsylvania sportsbook for the month. HARRISBURG, Pa. – Pennsylvania’s gaming industry continues to flourish as September‘s gaming revenue breaks $400 million yet again. Pennsylvania Gross September Gaming Revenue Pennsylvania’s gross gaming … Read more
Mobile sportsbooks and casinos are officially live in Connecticut. FanDuel, DraftKings, and Rush Street Interactive’s PlaySugarHouse sportsbooks can be accessed statewide as of Tuesday. These operations are powered through Foxwoods, Mohegan Sun, and the Connecticut Lottery Corporation. HARTFORD, Conn. – Online sportsbooks and online casinos have officially gone live in full-scale fashion in Connecticut. Local … Read more
Scientific Games has sold its sports betting business, OpenBet, to Endeavor Group Holdings. This was a $1.2 billion acquisition. The deal will officially be complete in Q2 of 2022. LAS VEGAS – Scientific Games is moving on from its popular OpenBet sports betting business, selling the product to Endeavor Group Holdings. This purchase will see … Read more
Sportsbooks in Pennsylvania saw $25.3 million in August revenue which is down month-over-month. August’s betting handle had $348.5 million in wagers, up 14.5% from July’s handle. Pennsylvania should see an increase in betting activity in September with the return of college football and the NFL. HARRISBURG, Pa. – Sports betting in Pennsylvania saw an increase … Read more
15 retail gambling operations will be able to launch with mobile sportsbooks also going live. The Connecticut Lottery will launch its mobile sportsbook with Rush Street Interactive (RSI). HARTFORD, Conn. – Sports betting fans in Connecticut are only a few weeks away from seeing its regulated market go live. Lawmakers have set the launch of … Read more