Penn Expects To Win Race To Profitability Among US Sportsbooks
Penn Interactive should turn profitable in Q4 this year ahead of key rivals, but its market share remains underwhelming. Read More
Posted on: August 9, 2022 |
New York Short Of $1 Billion Online Sports Betting Handle For First Time
New York monthly online sports betting handle finally fell short of $1 billion. After exceeding $1 billion in handle in each of the first six months since Jan. 8 launch, online NY sports betting operators in the Empire State combined for $800.8 million in July handle. The summer months are slower for sportsbooks, given the […] Read More
Posted on: August 9, 2022 |
Will Regulators Use Carveout To Launch Retail MA Sports Betting?
It could take until next year for mobile MA sports betting to launch. The speed of retail’s rollout, however, depends on state regulators. Retail Massachusetts sportsbooks could launch sooner than mobile through a temporary license provision in H 5164 that allows temporary licenses for the five eligible retail entities. That could lead to legal regular-season NFL […] Read More
Posted on: August 9, 2022 |
Sportsbooks Asked To Pull ‘Despicable’ Ad In CA Sports Betting Battle
A coalition of 50 tribal leaders reacted strongly to a new operator-backed ad that criticised the equality of California tribal gaming. Read More
Posted on: August 9, 2022 |
Five Key Takeaways From Rush Street Interactive Earnings
CEO Richard Schwartz said Thursday that Rush Street Interactive has a market access partner in Massachusetts and will be a profitable company in the second half of next year. The parent company of BetRivers and PlaySugarHouse used its second-quarter earnings call to update stockholders after a busy first half of 2022. Rush Street Interactive provides […] Read More
Posted on: August 9, 2022 |
DraftKings Eyes Parlay Parity With FanDuel: ‘We Continue To Close That Gap’
DraftKings improved its parlay mix by 17 percentage points during the quarter but says it has more work to do to match FanDuel. Read More
Posted on: August 5, 2022 |
Kansas Sports Betting Unlikely To Launch By First NFL Weekend
Kansas sports betting regulators are still hard at work, but a debut by the start of the NFL season might be slipping away. A KS sports betting launch sometime during the football season is likely, but NFL betting on Sept. 8 might be a stretch, said Todd Allen, director of wagering at the Kansas Racing and […] Read More
Posted on: August 5, 2022 |
Oh No Fubo: Streaming Company Backs Off Sports Betting Plans
FuboTV is looking for help to create the future of its Fubo Sportsbook product. A challenging financial market led to FuboTV (FUBO) looking at internal cost-saving measures, which include potentially offloading its sportsbook plans, according to a shareholder letter distributed before Thursday’s second-quarter earnings call. According to the letter, its sports betting business is under strategic review. […] Read More
Posted on: August 5, 2022 |
Retail FanDuel Sportsbook Coming To Las Vegas Boyd Casino
FanDuel is on the agenda for licensure this month in Nevada, but the company is keeping its plans close to the chest. A company spokesperson declined comment on why FanDuel is listed on August’s Nevada Gaming Control Board agenda, which was published Thursday. The first hearing will come next week with the Gaming Commission meeting […] Read More
Posted on: August 5, 2022 |
Bally Bet Product Improvement Still Top Of Mind For Parent Company
Bally’s Corp. is finally ready to start rolling out its new Bally Bet platform, but it will continue to wade slowly into markets. Bally Bet launched its newer sports betting in Arizona and New York, but Bally’s CEO Lee Fenton said on Thursday’s second-quarter earnings call the focus will be on iCasino states moving forward. […] Read More
Posted on: August 5, 2022 |