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.

GambetDC

GambetDC Shifts Blame, Slashes DC Sports Betting Forecast

If you ask the DC Lottery, the biggest problem with its Intralot-powered GambetDC sportsbook is a lack of available customers. The Lottery’s interim executive director Ridgley Bennett blamed the pandemic and a lack of commuters for GambetDC’s underperformance so far in a hearing Wednesday before the DC Council’s Committee on Business and Economic Development. GambetDC […] Read More
Posted on: March 11, 2021 | Sports Betting | Matthew Waters
DraftKings

DraftKings CEO: Illegal Market Sports Bettors ‘Arguably The Most Valuable’

DraftKings now believes it can generate $1.7 billion in annual adjusted EBITDA given its updated expectations for US online gaming. How big players from the offshore market factor into that remains an open question. The forecast, given at a DraftKings investor presentation Tuesday, is up from $1.2 billion last year because of more bullish expectations […] Read More
Posted on: March 10, 2021 | Daily Fantasy Sports Sports Betting | Matthew Waters
DraftKings stock

Revisiting Who Is Open To Selling DraftKings Stock From SEC Filings

There’s been no shortage of DraftKings stock shareholders looking to capitalize on massive gains since its IPO last year. The company recently refiled updated information originally released in May about shareholders willing to sell all or part of their stakes: The Walt Disney Co. Washington Football Team owner Daniel Snyder New England Patriots owner Robert […] Read More
Posted on: March 9, 2021 | Sports Betting | Matthew Waters
Connecticut sports betting

So Who’s Actually Happy About This Connecticut Sports Betting Announcement?

Gov. Ned Lamont took a risk when he announced a Connecticut sports betting agreement with just one tribal partner instead of both. That’s left some key parties pretty upset. Lamont’s office announced an agreement for expanded gaming with the Mohegan Tribe Tuesday. The announcement came after a joint Public Safety and Security Committee hearing where […] Read More
Posted on: March 5, 2021 | Regulation Sports Betting | Matthew Waters
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