Sports Betting Archives - Page 3 of 205

PointsBet Launches Sports Betting In Colorado But Who’s Next?

PointsBet is now live in the Colorado sports betting market, a state where the brand made a big impact before taking a legal bet. The mobile app is live through an agreement with Double Eagle in Cripple Creek. A retail sportsbook will open at the casino at a later date. The Australian-born sportsbook made a […] Read More

Posted on: November 17, 2020 | | Matthew Waters

William Hill Continues To Lead DC Sports Betting As GambetDC Stalls

William Hill is still, by far, the Washington DC sports betting leader in the latest non-shocker update out of the nation’s capital. For the third straight month, William Hill’s results were far better than those from the DC Lottery‘s mobile platform. If the success of mobile elsewhere is instructive, the William Hill lead via retail […] Read More

Posted on: November 17, 2020 | | Matthew Waters

FanDuel To Make Major Investment In New IL Sportsbook At Fairmount Park

Fairmount will rebrand to FanDuel Sportsbook and Horse Racing and be fitted out with a sportsbook as part of a “full revitalization” of the property. Read More

Posted on: November 16, 2020 | | Brad Allen

Tennessee Sports Betting Handle Hits $27 Million In First Week

It didn’t take long for the residents of Tennessee to show they’ve been ready and waiting for legal sports betting to begin. Sports bettors wagered nearly $27.4 million in the first week of legal sports betting in Tennessee. That led to $2.5 million in revenue from the mobile-only market, good for 9.3% hold. Those totals […] Read More

Posted on: November 16, 2020 | | Matthew Waters

Mobile Illinois Sports Betting Surges In September Despite Law Crafted Against It

The popularity of mobile Illinois sports betting is not a surprise but its ability to thrive in a market crafted against it bears mention. It took long enough, but we finally know how much was wagered on sports betting in Illinois and the total US in September. Total US sports betting handle was nearly $2.9 […] Read More

Posted on: November 16, 2020 | | Matthew Waters

The Week In Sports Betting News: NJ Again Sets National Record

Happy Monday, everyone. There was plenty of sports betting news for the industry last week, including earnings reports from the two top US sportsbooks. Make sure to follow @LSPReport on Twitter to stay current on all of the latest news coming out of the sports betting world. Top sports betting news: NJ handle again sets […] Read More

Posted on: November 16, 2020 | | Matthew Waters

NJ Sportsbooks Post New Record With $800 Million In Wagers For October

The Meadowlands and its two partners, FanDuel Sportsbook and PointsBet, took the top spot in the market once again, with just under $30 million in revenue. Read More

Posted on: November 13, 2020 | | Brad Allen

Penn National, Wynn Resorts Lobby For Control Of Massachusetts Sports Betting

At least two of the casino operators in Massachusetts are against state politicians simply handing sports betting to any operation but themselves. Leaders of Penn National and Wynn Resorts‘ two casinos in the state penned a joint letter in late October that called for most sports betting licenses to be under their control, according to […] Read More

Posted on: November 12, 2020 | | Matthew Waters

FanDuel Group Adds Nearly Half A Million Users In Q3, On Track For $1.1 Billion In Annual Revenue

FanDuel Group said it expects to lose up to $239 million in FY2020 as it invests in marketing and bonusing to acquire new customers. Read More

Posted on: November 12, 2020 | | Brad Allen

Indiana Sports Betting Still Hitting Records Despite Robust Illinois Market

The sports betting industry wasn’t sure how the Indiana market would hold up whenever Illinois entered the sports betting scene. Illinois appears to be grabbing some share but the Hoosier State is holding on well, though. Sportsbooks saw another record month for both handle and revenue in October. Handle hit $230.9 million with $21.1 million […] Read More

Posted on: November 10, 2020 | | Matthew Waters