DraftKings Archives - Legal Sports Report

Michigan Sports Betting Takes Small Step Forward In June

Following a two-month slide, Michigan sports betting took a step forward with its June handle thanks to a jump in retail bets. The state’s sportsbooks took $259.5 million in June bets, up slightly from May’s $257.7 million, according to Michigan Gaming Control Board figures released Monday. May was the lowest handle for Michigan sports betting since […] Read More

Posted on: July 20, 2021 | | Pat Evans

Lengthy Louisiana DFS Saga Nears End WIth DraftKings License

Louisiana DFS has its first operator as the LA Gaming Control Board approved DraftKings last week. The DraftKings approval wraps up a long Louisiana daily fantasy sports process that started in 2018 when voters in 47 of the state’s 64 parishes voted to approve it. The license is for three years. “As DraftKings continues our nationwide […] Read More

Posted on: July 19, 2021 | | Pat Evans

First FL Sports Betting Donations Might Be Chump Change

At first glance, the $10 million donations from DraftKings and FanDuel to support open FL sports betting might seem like a lot. Gaming expansion is always fought hard in Florida,though. That means the $20 million to start the so-called Florida Education Champions is probably nowhere near enough. So far, the two biggest US sports betting […] Read More

Posted on: July 14, 2021 | | Matthew Waters

Why DraftKings Is Being Sued For Patent Infringement

Toronto-based Engine Media filed a copyright lawsuit against DraftKings on Wednesday for infringing two sports betting patents. Read More

Posted on: July 8, 2021 | | Brad Allen

Can Anyone Crack The Social Sports Betting Code In US?

US start-up Wagr is the latest company to try and socialize sports betting. Will it have any more success than its predecessors? Read More

Posted on: July 8, 2021 | | Brad Allen

PAC Filing Shows FanDuel, DraftKings Behind FL Sports Betting Push

The PAC behind the new Florida sports betting ballot initiative lists lists three directors, including one from FanDuel and DraftKings. Read More

Posted on: June 25, 2021 | | Brad Allen

Canada Sports Betting Reactions From Across The Industry

With the Senate of Canada’s passage of C-218 Tuesday, operators are ready for sports betting in Canada. Following three days of debate and proposed amendments, the Senate passed the bill amending the Criminal Code to allow for single-game sports betting in Canada. The bill was passed by the House of Commons in April and began […] Read More

Posted on: June 24, 2021 | | Pat Evans

Analysis: Is The Sticky US Sports Betting Market Changing?

US sports betting operators have talked up strong customer lifetime values. But could those numbers be debunked as the market matures? Read More

Posted on: June 24, 2021 | | Brad Allen

DraftKings Stock Surge Drove Hundreds Of Millions In Executive Compensation

DraftKings exec's heavy compensation could hinder the company's ’ performance going forward, Morgan Stanley warned in a note this week. Read More

Posted on: June 8, 2021 | | Brad Allen

Sports Betting In Connecticut Gains Senate Approval In Late-Night Session

As expected, sports betting in Connecticut moved another step closer to legalization after approval in the Senate. HB 6451 authorizes Gov. Ned Lamont to sign renegotiated gaming compacts with the Mashantucket Pequot and Mohegan Indians. The bill passed the Senate late Tuesday night, 28-6, after a lengthy day of debate. The bill quickly passed the […] Read More

Posted on: May 25, 2021 | | Matthew Waters