PointsBet Ramps Up NJ Market Share But Will It Stick?
PointsBet CEO Sam Swanell suggests the operator will deprioritize New Jersey and focus on Illinois and Indiana in its hunt for further growth. Read More
Posted on: July 28, 2020 |
The Week In Sports Betting News: Making A Big Mess Even Bigger And Messier
Happy Monday, everyone. Major sports are back with MLB‘s return last week, but sports betting enthusiasts are waiting impatiently to see what the news of a coronavirus outbreak in the Miami Marlins‘ clubhouse will mean for the season. Last week included a Senate Judiciary Committee hearing featuring some out-of-touch takes on sports betting. Hear more […] Read More
Posted on: July 27, 2020 |
Another SPAC Deal Helps Rush Street Interactive Take BetRivers Public
Another US online gaming brand is going public as BetRivers‘ parent company, Rush Street Interactive, will trade on the New York Stock Exchange. Rush Street confirmed it will be publicly traded under the RSI ticker after it completes its merger with dMY Technology. Bloomberg first reported the likely deal last week. dMY is a special […] Read More
Posted on: July 27, 2020 |
MGM Exec: Esports Betting Upside Uncapped Thanks To Low Competition
Lovell Walker, head of esports at MGM, said esports betting had “unknown upside” because no-one had really taken time to figure out the sector yet. Read More
Posted on: July 27, 2020 |
Springfield Shocker: Illinois Sports Betting Remote Registration Ends Today
Governor J.B. Pritzker abruptly rescinded remote registration for mobile Illinois sports betting accounts as of tomorrow, effectively ending DraftKings‘ plans to launch its app in the state for now. Pritzker issued Friday a new Gubernatorial Disaster Proclamation and he will no longer suspend the state’s in-person registration requirement. He reissued a number of executive orders […] Read More
Posted on: July 26, 2020 |
Massachusetts Sports Betting Gets New Life Through Jobs Package
A late economic development package submitted in Massachusetts could lead to another state legalizing sports betting in 2020. H 4879 from the House Committee on Ways and Means would legalize a number of things in the state, including online and retail MA sports betting. The bill should pass the House but will face more scrutiny […] Read More
Posted on: July 24, 2020 |
Federal Handle Tax Targeted In New Bipartisan House Bill
The co-chairs of the recently-relaunched Congressional Gaming Congress introduced bipartisan legislation Friday to end the federal excise tax on legal sports bets. Rep. Dina Titus (D) of Nevada and Rep. Guy Reschenthaler (R) of Pennsylvania co-sponsored a bill that would repeal the long-standing 0.25% tax paid on the handle for legal wagers. US sports betting […] Read More
Posted on: July 24, 2020 |
Report: Rush Street Interactive Looking At US Public Listing
Rush Street Interactive could become the next US-facing sportsbook operator to list publicly, according to a published report. An article Thursday evening from Bloomberg indicates Rush Street could utilize the same reverse-merger avenue employed earlier this year by DraftKings to go public. The special purpose acquisition company identified by Bloomberg is dMY Technology Group Inc. […] Read More
Posted on: July 23, 2020 |
DraftKings Sportsbook, Kambi To Split By Fall 2021; SBTech Will Be New Platform
DraftKings will officially move to its own platform (SBTech) and end its relationship with Kambi by the end of Q3 in 2021 at the latest. Read More
Posted on: July 23, 2020 |
Rhode To Redemption? Mobile RI Sports Betting Bill Signed
Nearly a year after mobile RI sports betting launched, the state legislature finally righted a major flaw in the law. Rhode Island Gov. Gina Raimondo signed SB 2919 and HB 8097 Thursday to allow potential bettors to complete account registrations without going to a casino. The bills overwhelmingly passed in each chamber. Previously, the registration process […] Read More
Posted on: July 23, 2020 |