Maine Sports Betting Bill Passes Senate Despite Sponsor U-Turn
Sen. Louis Luchini spoke out against his LD1352 thanks to a tethering clause, but colleagues passed the bill 23 votes to 12. Read More
Posted on: June 17, 2021 |
Pennsylvania Sportsbook Revenue Creeps Upward In May
Pennsylvania sportsbooks took a step back in May, as handle fell around 7% month-on-month to $447 million. Read More
Posted on: June 17, 2021 |
Baseball Bets Propel New Jersey Sportsbooks To Strong May Revenue
NJ sportsbooks saw sports betting handle climb in May despite a slowdown in the sports calendar, with handle up 14% month-on-month. Read More
Posted on: June 16, 2021 |
Are Investors Overreacting To DraftKings Report By Short-Seller?
DraftKings stock dropped Tuesday thanks to a negative report from Hindenburg Research, but are investors overreacting? Read More
Posted on: June 15, 2021 |
Washington Sports Betting On Track For NFL Launch After New Tribal Compacts
The Washington State Gambling Commission approved renegotiated gaming compacts with 15 tribes in the state to include sports betting. Read More
Posted on: June 11, 2021 |
Wall Street Bets: Which Financial Giant Bought Into US-Facing Sportsbook?
Financial trading giant Susquehanna has acquired a minority stake in London-based sports betting company Smarkets. The parties did not share financial details of the deal. The investment marks the Series B round of funding for Smarkets. Where will Susquehanna cash go? Smarkets said it would use the cash to accelerate the rollout of its SBK […] Read More
Posted on: June 9, 2021 |
DraftKings Stock Surge Drove Hundreds Of Millions In Executive Compensation
DraftKings exec's heavy compensation could hinder the company's ’ performance going forward, Morgan Stanley warned in a note this week. Read More
Posted on: June 8, 2021 |
PointsBet Hires Former DFS Exec To Lead Canada Sports Betting Push
PointsBet said it hoped former Monkey Knife Fight (MKF) president Nic Sulsky would be the "first of many hires" for Canada sports betting. Read More
Posted on: June 3, 2021 |
Maine Sports Betting Moves Forward With Tethering Requirement
Maine legislators whittled four sports betting bills down to one last week, potentially paving the way for passage this session. Read More
Posted on: June 1, 2021 |
Lean Dregs And TAM: Why The Addressable US Sports Betting Market Is Bleeding
Legislative movements in the 'Big Four' prospective sports betting states have not been kind to operators in recent weeks. Read More
Posted on: May 27, 2021 |