Sports Betting Archives - Legal Sports Report

FanDuel Sportsbook Pins NJ Sports Betting Palp On Tech Vendor

New Jersey regulators chose bettor over book this week by requiring FanDuel Sportsbook to pay out on another pricing error. FanDuel Sportsbook again found major media attention after a pricing issue, which was first reported by ESPN. And again, just like in 2018, the country’s two biggest sportsbook operators has to pay up on a […] Read More

Posted on: August 14, 2020 | | Matthew Waters

DraftKings Stock Dips On Mixed Bag Of Q2 Results, With $71 Million In Revenue

DraftKings beat revenue forecasts but posted a worse-than-expected $161 million net loss during the second quarter. Read More

Posted on: August 14, 2020 | | Brad Allen

Betsson Ready To Go Head-to-Head With Kambi For US Sportsbook Deals

Betsson CEO Pontus Lindwall tells LSR how the company aims to build out its B2B profile in the burgeoning US sportsbook market. Read More

Posted on: August 14, 2020 | | Brad Allen

NJ sports betting with MLB and NBA return

NJ Sports Betting Sees $315M In Wagers In July As Major Leagues Return

Unsurprisingly, the return of major sports toward the end of July had a major impact on New Jersey sports betting. Read More

Posted on: August 12, 2020 | | Matthew Waters

What Happened To Illinois Golf Betting Markets?

Illinois golf betting has been down for two weeks as regulators address integrity concerns about players who aren't earning enough to cover tournament expenses. Read More

Posted on: August 12, 2020 | | Brad Allen

Will Caesars Be Part Of Next US Sports Betting Spinoff?

There’s been talk of the combined Caesars and Eldorado company spinning off its sports betting and iGaming business since news of the merger. Now, with the merger complete, it looks like the market will get an answer by the end of the year. New Caesars CEO Tom Reeg addressed the issue on the company’s second-quarter […] Read More

Posted on: August 11, 2020 | | Matthew Waters

Investors: Was Kambi Too Soft On DraftKings Migration Deal?

Kambi and DraftKings recently announced the terms of their termination agreement but some Kambi investors were not happy with the outcome. Read More

Posted on: August 11, 2020 | | Brad Allen

Indiana Sports Betting Hits $1 Billion Wagered In Less Than A Year

After a few months of the coronavirus pandemic interrupting the ramp-up of Indiana sports betting, it looks like the market might be back on track. Handle more than doubled to $70.9 million in July compared to June, according to the state’s report. Revenue also jumped 128% over June to $6.7 million. That brought the total […] Read More

Posted on: August 10, 2020 | | Matthew Waters

This Media Giant Just Made A $1 Billion Bet on MGM’s Online Potential

Nasdaq-listed IAC says MGM is a "once in a decade" investment opportunity thanks to the potential for its nascent online gambling business. Read More

Posted on: August 10, 2020 | | Brad Allen

What The Health? New Pritzker Order Leaves Illinois Sports Betting At Risk

Governor JB Pritzker is placing the health of his residents interested in Illinois sports betting at risk by reinstating the in-person signup requirement. Pritzker issued updated mask requirements throughout the state on Friday. The state reported more than 2,000 new daily coronavirus cases for the first time since May the same day. Not all of […] Read More

Posted on: August 10, 2020 | | Matthew Waters