Carter Floyd 
West Virginia handled only $1.9 million in April sports wagers and collected $124,000 in revenue—a 6.54% hold rate. These figures were drastic reductions from the pre-COVID-19 handle and revenue figures. While West Virginia is beginning to reopen, the sports betting industry won’t be able to … Read more
Wynn Resorts lost nearly $700 million in revenue in Q1 2020 compared to Q1 2019. The company’s stock price dropped by $84.87 (61%) from January 1 to March 31 as well. Some of Wynn’s losses are attributable to its decision to pay employees despite Wynn … Read more
Gaming Innovation Group (GiG) posted quarterly growth for the first time in four fiscal quarters in Q1 2020. The company recorded $33.7 million in revenue and $2.7 million EBITDA. GiG is restructuring its sports betting services to cut costs, although its efforts to do so … Read more
Flutter and The Stars Group will go through with a planned merger on Tuesday, May 5, 2020. The two companies own major gambling and sports betting products like FanDuel, Betfair, FOX Bet, and PokerStars. The newly merged company will split operations into four geographically based … Read more
Hall of Fame NFL Coach Don Shula passed away at 90 on Monday morning. Shula compiled an NFL-record 347 wins in his 33 years as a coach and won two Super Bowl titles, including the NFL’s only undefeated season with the Miami Dolphins in 1972. … Read more
A German administrative court recently ruled that the Darmstadt Regional Council must stop issuing sports betting licenses for the time being. The Council has challenged this ruling with one of Germany’s Supreme Courts but will continue to accept and review applications in the meantime. Sports … Read more
Colorado sports betting officially launched on Friday, March 1 with four online sportsbooks taking wagers. Top betting options right now include Belarusian, Nigerian and Korean soccer, table tennis, Taiwanese baseball, and the upcoming UFC 249. After the COVID-19 crisis is dealt with, Colorado could become … Read more
The NCAA approved nationwide name and image likeness rights for athletes, meaning that NCAA athletes can now profit off their image. These new rules likely won’t allow for sports betting endorsements or for players to associate with any products that might hurt the NCAA’s brand … Read more
Nevada’s March sports betting handle was its lowest since 1993. With COVID-19 grinding sports to a halt around the world and closing casinos, the short-term financial future for Nevada sportsbooks looks grim. Nevada does feature mobile and online sports betting, but in-person registration requirements could … Read more
Sports betting handle and revenue each decreased by 69% from February to March 2020. The betting month was shortened, as COVID-19 essentially shut down sports by March 12 and all Mississippi casinos were forced to close on March 16. Without online betting to fall back … Read more
Sports betting stocks are finally beginning to rebound after a massive crash, and this is likely a good time to invest. While the exact timetable for a return to normalcy is unclear, the return of sports is inevitable. Most sports betting stocks are seeing slow … Read more
Many have speculated that Kim Jong-un is in critical condition, and if he dies, North Korea will see its first new leader in almost a decade. North Korea’s line of succession isn’t publicly known, but Kim’s sister Kim Yo-jong seems to be the consensus betting … Read more