Happy Monday, everyone. There was plenty of sports betting news last week as legal states continue to hit new heights while others work toward legalization. The LSR Podcast took a look at the recent US sports betting monthly handle record hit in October (we’ll know the final tally whenever results are available from sports betting […] Read More
Flutter noted the deal gave FanDuel an enterprise value of $11.2 billion, a discount of over 40% compared to the $20.3 billion value of DraftKings. Read More
FanDuel says US players have proven stickier than in other markets and it will be investing in customer acquisition in new states accordingly. Read More
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
UK competition authorities will review the $6 billion mega-merger between FanDuel owner Flutter Entertainment and Fox Bet owner The Stars Group. Read More