Daily Fantasy Sports News

DraftKings Halts Oregon DFS Amid Questions From Sportsbook Talks

DraftKings will no longer accept DFS entries from Oregon as of Monday, according to multiple emails sent to customers. The change seems to stem from negotiations to switch the Oregon Lottery‘s sports betting platform to the DraftKings Sportsbook platform. The Lottery appears to have brought those negotiations back a few years, though, when it called […] Read More

Posted on: July 26, 2021 | | Matthew Waters

Lengthy Louisiana DFS Saga Nears End WIth DraftKings License

Louisiana DFS has its first operator as the LA Gaming Control Board approved DraftKings last week. The DraftKings approval wraps up a long Louisiana daily fantasy sports process that started in 2018 when voters in 47 of the state’s 64 parishes voted to approve it. The license is for three years. “As DraftKings continues our nationwide […] Read More

Posted on: July 19, 2021 | | Pat Evans

Why DraftKings Is Being Sued For Patent Infringement

Toronto-based Engine Media filed a copyright lawsuit against DraftKings on Wednesday for infringing two sports betting patents. Read More

Posted on: July 8, 2021 | | Brad Allen

Opinion: Official League Data Back With Vengeance in Florida DFS Bill

A new DFS bill in Florida demands some closer scrutiny on official league data. While much of the gambling world has focused its attention on the pending compact between the State of Florida and the Seminole Tribe, a fantasy sports bill was placed on the Agenda for the legislature’s special session. While fantasy sports have become […] Read More

Posted on: May 14, 2021 | | John Holden

Louisiana Sports Betting Tax Legislation Gets The Ball Rolling

The Louisiana sports betting legislative process to finish what state voters started is under way. Last week, the House Ways and Means Committee gave a nod of approval to a substitute bill from Rep. John Stefanski for his HB 628, a crucial piece to enact sports betting in Louisiana. The bill became HB 697 with the […] Read More

Posted on: April 28, 2021 | | Pat Evans

Analysis: Is The Sports Betting SPAC Already Dead In The US?

The median SPAC is now trading at a discount to its cash. Should sports betting investors and private companies look elsewhere? Read More

Posted on: March 31, 2021 | | Brad Allen

US Sportsbooks Use Free-to-Play Games To Scout New Bettors In March Madness And Beyond

As sports betting continues to proliferate in the US, free-to-play games are several steps ahead. Sportsbook operators and their partners are teaming up to scout potential bettors with free-to-play options. Whether pick‘em contests or March Madness bracket challenges, consumers seem to be participating. Roughly 36.7 million Americans will fill out a March Madness bracket this […] Read More

Posted on: March 18, 2021 | | Pat Evans

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 | | Matthew Waters

LSR Q+A: Jason Ader On Finding The Tesla Of Online Gambling

Renowned investor Jason Ader takes LSR through the options for his next SPAC and explains why MGM will ultimately end up with Entain. Read More

Posted on: January 29, 2021 | | Brad Allen

Deal Or No Deal: How M&A Could Shape US Sports Betting In 2021

Analysts expect the recent run of transactions in the US sports betting space to continue in 2021, with a "flood of capital" looking to enter the market. Read More

Posted on: January 27, 2021 | | Brad Allen