The Week In Sports Betting News: Earnings Season Gets Rolling

Written By Matthew Waters on February 7, 2022
sports betting news

Happy Monday, everyone. There will be no shortage of sports betting news over the next few weeks thanks to Super Bowl LVI.

There is plenty happening outside of Super Bowl betting, though. The LSR Podcast covered many of those topics in its latest episode, including how Florida sports betting failed to make the ballot in November.

Follow @LSPReport for all breaking news updates throughout the week.

Top sports betting news: more earnings calls this week

We are entering the annual extended earnings period that runs from now through May to cover the fourth-quarter 2021 and first-quarter 2022 earnings.

Last week, Penn National reported its interactive US Barstool Sportsbook business will be profitable this year. That news got lost in the headlines, though, as another article about Barstool Sports founder Dave Portnoy and alleged sexual misconduct dropped the same day.

There are two key calls to watch this week (all times Eastern):

  • MGM Resorts, 5 pm ET Wednesday: MGM could offer an update on BetMGM‘s operations in both New York and Louisiana. The company is also one of the biggest retail casino operators in the US, and should give some insight into consumer health and spending trends.
  • Kambi, 2:45 am ET Friday: Kambi is listed in Stockholm so thank goodness for call replays. Kambi always provides a unique look at the business of US sports betting as a leading sportsbook technology provider.

Watching for January revenue reports

There should be at least two states reporting January revenue reports this week, with others expected.

Details on retail Maryland sportsbooks should be released Thursday. That will be followed by the report on Indiana sportsbooks Friday. Reports are also likely from Iowa, Oregon and West Virginia.

Friday, of course, will also bring another weekly update on mobile New York sportsbooks. The market set multiple records in January by topping $1.6 billion in handle and more than $57 million in tax revenue.

The following week will give some insight into how nearby markets fared with New York live. An update on Connecticut sportsbooks is expected Feb. 15 followed by the NJ sports betting report on Feb. 16.

Plenty of legislative sports betting news

February is consistently one of the busiest months in terms of sports betting news. Along with special reports on Super Bowl betting and earnings calls, there’s also always a flurry of legislative action.

Here are just some of the top stories being followed by LSR:

Three thinkpieces worth a read

LSR published three analysis pieces last week that deserve your time:

Other top news at LSR

Matthew Waters Avatar
Written by
Matthew Waters

Matthew Waters is a reporter covering legal sports betting and the gambling industry. Previous stops include Fantini Research and various freelance jobs covering professional and amateur sports in Delaware and the Philadelphia area.

View all posts by Matthew Waters
Privacy Policy