A North Carolina mobile sports betting bill will start the 2022 session already on the final stretch. The North Carolina General Assembly convenes Wednesday with sports betting legislation already through one chamber. The NC sports betting bill, SB 688, appears it could advance quickly, as it has the backing of House leadership, industry sources told LSR last week. […] Read More
Caesars followed through on its plan to stop sportsbook marketing, cutting a quarter of a billion dollars in spend. What happened to revenues? Read More
Caesars Sportsbook announced Wednesday a multi-year deal to become an official NY sports betting partner of the New York Mets. The deal includes a 13,000-square-foot upscale “sportsbook lounge” that will open this season. The lounge will not include retail NY sports betting on-site but will be a space for fans to enjoy the Caesars Sportsbook […] Read More
The Tennessee Sports Wagering Advisory Council still does not have clear 2021 tax information for at least four TN sportsbooks. Executive Director Mary Beth Thomas told the SWAC about the discrepancies at its February meeting. Thomas confirmed to LSR Wednesday there is still no update on the matter. The tax data the new regulator received […] Read More
Happy Monday, folks. Earnings season is approaching the lull between fourth-quarter and first-quarter but there is still news concerning sports betting bills in multiple legislatures. The LSR Podcast discussed the changing US sports betting industry with all the surprises coming out of earnings calls so far, including Churchill Downs shutting down their sportsbook and Caesars […] Read More
Caesars Sportsbook is partnering with the NBA‘s Cleveland Cavaliers as part of its Ohio sports betting strategy despite another available entry point. The operator last month became the official casino partner, as well as one of the team’s official OH sports betting partners, just like Fubo. The deal made sense for Fubo because it lacked […] Read More
Mobile NY sports betting racked up more than $350 million in handle even in a slow week for major US sports. The seven online NY sportsbooks combined for $353.4 million in handle for the week ending Feb. 20. Operators averaged a 7.2% hold for $25.4 million in sports betting revenue. Thanks to New York’s 51% […] Read More