News

Arizona Gaming Regulators Still Sifting Through Sportsbook Licenses

Arizona sportsbooks appear to be off to a roaring start, though some have yet to launch. With TwinSpires launching last week, just eight of the possible 18 Arizona online sportsbooks are live. Arizona sports betting opened Sept. 9. The Arizona Department of Gaming is still working to approve the rest of the sportsbook licenses awarded last […] Read More

Posted on: September 22, 2021 | | Pat Evans

How Holding 44 Percent Is Not Enough: Retail NY Sportsbooks Lag

New York‘s gaming regulator finally is giving a clear look at how little business the four commercial NY sportsbooks do. The four sportsbooks did just $4.2 million in handle for the week ended Sept. 12, the first week of NFL regular-season games. Handle was small but an extra-chunky 44.3% hold translated to $1.9 million in […] Read More

Posted on: September 21, 2021 | | Matthew Waters

What We Know About DraftKings’ Reported $22 Billion Bid For Entain

DraftKings has made a $20 billion bid for Entain, CNBC reported on Tuesday, but what is the strategic rationale? Read More

Posted on: September 21, 2021 | | Brad Allen

PA Sportsbooks Report Decreased August Revenue Despite Handle Lift

Pennsylvania sportsbooks chased off the summer handle slowdown felt throughout the US in August, but revenue did not benefit. Sports betting revenue slid for the second straight month, hitting $25.3 million in August. That is good for a 7.3% hold on the $348.5 million wagered for the month, according to the state report. Revenue might […] Read More

Posted on: September 21, 2021 | | Matthew Waters

Boom Entertainment Closes $15 Million Series A Backed By Kraft, Murren

Boom announced a successful Series A funding round on Thursday with a star-studded investor list including Robert Kraft and Jim Murren. Read More

Posted on: September 20, 2021 | | Brad Allen

Analysis: Why Offshore Sportsbooks Are Thriving Despite Regulated Competition

Alternative data suggests the offshore sports betting market is booming despite, or maybe because of, the expansion of the regulated market. Read More

Posted on: September 20, 2021 | | Brad Allen

The Week In Sports Betting News: CT Launching Retail, Online Soon

Happy Monday, everyone. Sports betting news is in the mainstream with the NFL back in full swing and multiple states preparing for launches. The LSR Podcast discussed many of last week’s big stories and touched on the potential issues facing gambling advertising in the US. Make sure to follow @LSPReport on Twitter for the latest […] Read More

Posted on: September 20, 2021 | | Matthew Waters