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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
Bally’s Continues Acquisition Spree With $90 Million Deal For Monkey Knife Fight
Bally's said the all-stock deal makes it the third sports betting operator in the US to own a daily fantasy sports firm after FanDuel and DraftKings. Read More
Posted on: January 25, 2021 |
Spare Change Fantasy Sports App Closes $250,000 Angel Funding Round
A spare change app like Acorn, Hedge aims to provide "the life-changing hope mechanism of the lottery, without the negative financial drawbacks." Read More
Posted on: November 24, 2020 |