DraftKings Sportsbook Archives - Legal Sports Report

Analysis: Why DraftKings $22 Billion Bid for Entain Doesn’t Add Up

Does DraftKings hurt it valuation with the acquisition? Do Entain shareholders want to own a combined business. Will MGM give its consent? LSR tries to answer these questions and more. Read More

Posted on: September 27, 2021 | | Brad Allen

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

Michigan sports betting revenue August 2021

Michigan Sports Betting Handle Up Ahead Of First Full Online NFL Season

Michigan sports betting handle improved slightly in August compared to July as sportsbooks rode out the quieter summer months. Read More

Posted on: September 16, 2021 | | Matthew Waters

When Will CT Sports Betting Launch After Key Federal Approval?

The CT sports betting market finally has a target launch date following key federal approvals announced Thursday. CT Gov. Ned Lamont and the state’s two tribes confirmed the US Department of the Interior had approved their revised gaming compacts. That marked the last major hurdle in the way of Connecticut sports betting. The market is […] Read More

Posted on: September 10, 2021 | | Brad Allen

Seven US Sportsbooks Back Another California Sports Betting Initiative

FanDuel, DraftKings and BetMGM were among seven US sportsbooks backing a plan to put CA mobile sports betting on the ballot in 2022. Read More

Posted on: August 31, 2021 | | Brad Allen

Analysis: Five Key Takeaways From A Huge Week In US Sports Betting

LSR picks out five key themes from a frenetic week in US sports betting, including operator focus on product and online casino. Read More

Posted on: August 16, 2021 | | Brad Allen

DraftKings Faces SEC Subpoena And IRS Audit, Documents Show

DraftKings' Q2 earnings results also brought with them two potentially serious issues for one of the leaders in US sports betting. Read More

Posted on: August 6, 2021 | | Dustin Gouker

Does Parlay Betting Pose A Systemic Risk For US Sportsbooks?

Around 40% of all NJ sports betting revenue comes for parlay bets, but is the format a ticking time bomb for the industry? Read More

Posted on: July 27, 2021 | | Brad Allen

How Will Kambi Make Up Major Revenue Hit From DraftKings Exit?

Kambi CFO David Kenyon said the loss of DraftKings would be tough to overcome in the short term, but highlighted to key opportunities in North America. Read More

Posted on: July 23, 2021 | | Brad Allen

FanDuel Sportsbook Still Leads All VA Sportsbooks In Market Share

FanDuel Sportsbook remains the favorite of the seven live online VA sportsbooks, but it no longer takes the majority of action. The Virginia Lottery provided its second sports betting update since sports betting in Virginia launched in mid-January. The top two positions for FanDuel and DraftKings Sportsbook are not exactly surprising considering they were the […] Read More

Posted on: July 21, 2021 | | Matthew Waters