Are Investors Overreacting To DraftKings Report By Short-Seller?
DraftKings stock dropped Tuesday thanks to a negative report from Hindenburg Research, but are investors overreacting? Read More
Posted on: June 15, 2021 |
The Week In Sports Betting News: Massachusetts Finally Getting To Work
Happy Monday, everyone. There is still plenty of sports betting news in recent days despite sports itself slowing down with the turn of summer. As usual, the LSR Podcast tackled some of last week’s biggest stories, including the DraftKings Sportsbook exec team scoring big. This week is a big one in particular for multiple important […] Read More
Posted on: June 14, 2021 |
Canada Sports Betting Bill Sponsor ‘Optimistic’ For Passage This Week
The Senate sponsor for a bill to legalize single-game sports betting in Canada is optimistic it will pass its third reading this week. Sen. David Wells told LSR on Friday that bill C-218 should be up for third reading on Tuesday. The bill, which amends the Criminal Code to allow single-game sports betting in Canada, was […] Read More
Posted on: June 14, 2021 |
Iowa Sports Betting Holds Steady With Cooling Sports Schedule
Despite a lighter sports schedule in May, Iowa sports betting kept a steady pace. The state handle was down a modest 2.9% compared to April, with $114.9 million in bets, according to an Iowa Racing and Gaming Commission release last week. Sportsbook operators generated $6.1 million in revenue, good for a 5.3% hold. Iowa sports betting generated […] Read More
Posted on: June 14, 2021 |
BetMGM Brings New Competition To DC Sports Betting
BetMGM is finally live in the DC sports betting market, which is yet another bad sign for Lottery-run GambetDC. It took BetMGM just under four months to go live after submitting its application packet Feb. 12. It’s the third mobile sportsbook app to launch in Washington DC in the year-plus the market has been live. […] Read More
Posted on: June 11, 2021 |
Decision Time: Final CT Sports Betting Skin Bidding Period Closes
The Connecticut Lottery is on the clock as the window to bid for the final CT sports betting skin closed at 2 p.m. Friday. The Lottery received five bids after it formally asked four sportsbooks to submit binding proposals. It received 15 responses during the initial request for qualifications period. There are only three CT […] Read More
Posted on: June 11, 2021 |
New FBI Unit Emerges Targeting Sports Corruption Including Esports
The feds appear to be getting more involved in the type of activity surrounding an interesting esports situation. As part of a still-developing story of match-fixing within esports, details of a new Federal Bureau of Investigation (FBI) unit came out. The exact scope of the new unit is not yet known. However, according to a […] Read More
Posted on: June 11, 2021 |
Massachusetts Sports Betting Bills Finally Get Hearing Next Week
It looks like the legislature is finally ready to act on the multiple bills that would legalize sports betting in Massachusetts. The Joint Committee on Economic Development and Emerging Technologies will meet at 10 a.m. Thursday to discuss MA sports betting proposals. There are 19 bills on the agenda as senators and representatives have continued […] Read More
Posted on: June 11, 2021 |
Washington Sports Betting On Track For NFL Launch After New Tribal Compacts
The Washington State Gambling Commission approved renegotiated gaming compacts with 15 tribes in the state to include sports betting. Read More
Posted on: June 11, 2021 |
Will Ohio Sports Betting Bill Pass By The End Of June?
The Ohio Senate is sticking to its plan to get sports betting in Ohio legalized by the end of this month. Sen. Kirk Schuring, chairman of the Senate Select Committee on Gaming, held a brief meeting Wednesday afternoon to introduce a substitute bill. The committee met again Thursday to hear testimony, mostly from problem gambling […] Read More
Posted on: June 10, 2021 |