Daily Fantasy & Sports Betting Industry News

Draftkings merges with Sbtech goes public

DraftKings Goes Public After Shareholder Approval, Business Combination

The acquisition of DraftKings and SBTech received shareholder approval Wednesday, and DraftKings announced late Thursday that it completed the complex transactions to finish its reverse merger. Read More

Posted on: April 23, 2020 | | Matthew Waters

FanDuel Pulls 2020 Presidential Election Betting In West Virginia Amid Legal Questions

The West Virginia Lottery approved FanDuel Sportsbook to offer 2020 presidential election betting but state law prohibits it and the market was pulled. Read More

Posted on: April 7, 2020 | | Adam Candee

Coronavirus: What You Need To Know About Sports Betting And COVID-19

The effects of the coronavirus (COVID-19) pandemic on the sports world continue to evolve rapidly. Centers For Disease Control (CDC) guidance likely will extend the length of planned shutdowns nationwide, although local and state governments retain the most authority over when sports start again. States such as Florida and Arizona are ready to welcome professional […] Read More

Posted on: March 12, 2020 | | Adam Candee

Mega-Merger Between FanDuel Parent, Stars Group Faces Competition Inquiry

UK competition authorities will review the $6 billion mega-merger between FanDuel owner Flutter Entertainment and Fox Bet owner The Stars Group. Read More

Posted on: February 5, 2020 | | Brad Allen

No Platform Deal Imminent Between FanDuel, Scientific Games Despite Reports

Multiple reports emerged Monday that US market contender FanDuel will move its online betting and casino products onto Scientific Games technology. Read More

Posted on: February 3, 2020 | | Brad Allen

Penn National Buys Stake In Barstool Sports For $163M

Penn National acquires sole rights to use the Barstool Sports brand for its online sports betting and online casino products. Read More

Posted on: January 29, 2020 | | Brad Allen

DraftKings Filings Show You Can’t Make Money Without Spending (A Lot Of) Money

Like any aggressive company in the early days of the sports betting gold rush, DraftKings reasonably could be assumed to be in the red. Read More

Posted on: January 10, 2020 | | Matthew Waters

Pennsylvania Sports Betting Handle Soars Past $300 Million Thanks To Online Success

Pennsylvania‘s surging mobile sports betting market topped $266 million in handle last month, pushing the state total to $316.5 million. Both figures are far and away records for the state. Retail sports betting launched in November 2018 while mobile betting went live in June. The $266.7 million in mobile handle jumped 34.3% over the previous […] Read More

Posted on: December 17, 2019 | | Matthew Waters

The Phialdelphia Stadium District Will Get A FanDuel Sportsbook Thanks To New Deal

The Philadelphia Stadium District Will Get A FanDuel Sportsbook Thanks To New Deal

FanDuel Sportsbook will get major exposure to the Philadelphia sports community with a new casino partner in the Stadium District for Pennsylvania sports betting. Read More

Posted on: December 13, 2019 | | Matthew Waters