Kambi Archives - Legal Sports Report

Who Bid Top Tax Rate For A Mobile NY Sports Betting License?

At least one bid came out swinging for a mobile NY sports betting license by offering unprecedented cash for market access. The final tax rates to be paid by online New York sportsbooks were obtained by Tom Precious of the Buffalo News Tuesday. The highest bid offered 64% of gross gaming revenue for up to five […] Read More

Posted on: October 20, 2021 | | Matthew Waters

Analysis: What To Make Of SEC, IRS Investigations Into DraftKings

Before DraftKings announced its blockbuster acquisition of Golden Nugget Online Gaming, the company released its second-quarter results and mentioned an interesting development in its Securities and Exchange Commission (SEC) filings. Following the earnings release this month, company CEO Jason Robins told Barron’s that the company is on the path to “profitability in a state in […] Read More

Posted on: August 23, 2021 | | John Holden

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

Mohegan Drops Kambi As CT Sports Betting Partner In Amended Deal

A confusing comment from Mohegan Gaming interim CEO Ray Pineault on CT sports betting back in May turns out to be more telling than it appeared. Kambi and Mohegan Gaming announced an amended agreement that no longer includes Kambi as a sports betting supplier in Connecticut. Kambi typically operates as a platform provider, not the branded […] Read More

Posted on: July 1, 2021 | | Matthew Waters

CT Sports Betting Agreement Finally Includes Both Gaming Tribes

CT sports betting finally has an agreed-upon roadmap after Gov. Ned Lamont came to an agreement today with the Mashantucket Pequot. The operator of Foxwoods casino initially was left when Lamont and the Mohegan tribe announced they came to terms earlier this month. That upset Mashantucket Pequot chairman Rodney Butler, who said his tribe still […] Read More

Posted on: March 18, 2021 | | Matthew Waters

Kambi: Super Bowl Betting Outage Caused By A Single Market

It’s among a sportsbook’s worst nightmares: having its tech sputter and eventually fail during a gigantic betting event like the Super Bowl. Unfortunately for Barstool Sportsbook, BetRivers and DraftKings Sportsbook, that was exactly the case Sunday – and it was an outside vendor who took the blame. The issue was on platform and technology provider […] Read More

Posted on: February 10, 2021 | | Matthew Waters