DraftKings

Sports betting news

The Week In Sports Betting News: Cash Rules Everything Around Me

Happy Monday, everyone. Continued positive news around leagues returning to action means sports betting should be ramping up starting next month. Keep up with the biggest sports betting stories by subscribing to the LSR Podcast. Last week’s episode kicked off with one of the biggest stories of the week: the almost-certain death of California‘s sports […] Read More
Posted on: June 29, 2020 | Regulation Sports Betting | Matthew Waters
DraftKings stock

How Many Millions Of DraftKings Stock Shares Just Sold Today?

Remember when DraftKings upsized its stock offering last week? That sale turned out to be even larger than expected. A total of 46 million shares of DraftKings stock were purchased Tuesday as the offering completed. The number of new shares held at 16 million, but shareholders exercised their full option for additional sales, bringing that […] Read More
Posted on: June 23, 2020 | Sports Betting | Adam Candee
PA sports betting

Online PA Sports Betting Points Up As Major Sports Near Return

No one will mistake $78 million in PA sports betting handle for a traditionally good month. In the current environment, however, few likely would complain about nearly doubling April’s total wagered. Pennsylvania sports betting operators took just short of $78 million in wagers last month, generating $4.8 million in revenue. The entirety of that amount […] Read More
Posted on: June 16, 2020 | Regulation Sports Betting | Adam Candee
NJ sports betting

NJ Sports Betting Handle Doubles Up April But Lags Last Year

Doubling handle from the previous month normally shows market strength but May’s NJ sports betting totals present the outlier case. Sportsbooks posted nearly $118 million in handle last month, a notable number in a month with no US pro sports leagues operating. The New Jersey sports betting market registered just more than a third of […] Read More
Posted on: June 12, 2020 | Sports Betting | Adam Candee
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