States are beginning to recognize how much promotions are costing them in taxes and beginning to ban sportsbooks from using them as tax write-offs. Promotions have hurt the sportsbooks themselves as well, with many of the top brand’s stock prices plummeting as a result. LAS … Read more
Audi Field launches the first MLS in-stadium sportsbook in the country through the D.C. United MLS team’s partnership with Caesars Sportsbook. There are six markets that have been approved in-stadium sportsbooks but Arizona will be home to sportsbooks at multiple stadiums. PHOENIX – With the … Read more
DraftKings stock is down to 12.37 per share after peaking at 63.39 per share in 2021. Caesars stock peaked at 119.49 in 2021 but is now down to just 42.26 per share. A younger investing audience is rooted as one of the reasons for the … Read more
Puerto Rico’s mobile sportsbooks will require bettors register at retail operators before accesses territory wide mobile betting. Nevada and Illinois held similar requirements. There is still no launch date for mobile sports betting in Puerto Rico. SAN JUAN, Puerto Rico – Puerto Rico sports bettors … Read more
Ohio sports betting applicants continue to apply for betting licenses weekly. Rush Street interactive’s Elys has applied for a betting kiosk license, the first kiosk application. DraftKings and Penn Sports applied for mobile applications. COLUMBUS, Ohio – More sports betting applicants in Ohio have been … Read more
The Ohio Casino Control Commission (OCC) announces BetMGM and PointsBet as the first sports betting license applicants. Ohio will announce betting license applicants every Friday. COLUMBUS, Ohio – The Ohio Casino Control Commission (OCC) has officially announced that BetMGM and PointsBet applied for sport betting … Read more
Sports betting advertisement spending has increased 281% to $281 million since September 2021. The increased spending has led to a 48.4$ increase in ad impressions. More than 18 billion impressions total. The sportsbooks that have seen the most impressions have also seen the largest bump … Read more
The first LIV Golf Invitational Series event begins on Thursday, and legal online sportsbooks are offering competitive betting odds. Comparing each golfer’s 54-hole scoring averages reveals that Talor Gooch who has +800 odds, not Dustin Johnson at +400, should be the betting favorite. Ryosuke Kinoshita’s … Read more
Nevada sportsbooks saw $582.5 million in wagers for April 2022. While this is a major drop compared to March, this is up 28.1% year over year. Pennsylvania reported $572.8 million in bets with over 90% of the wagers coming from online operators. Virginia sportsbooks saw … Read more
Colorado lawmakers pass HB 22-1402 in both the Senate and the House and the bill now awaits Gov. Jared Polis’ signature. A big section of the bill would reduce the tax deductions given to sportsbooks for promotional free bets given throughout the year. Free bets … Read more
DraftKings officially launches its sportsbook in Ontario, Canada, continuing its North American expansion. DraftKings joins the likes of Caesars, BetMGM, FanDuel, and PointsBet in Ontario. 13 total operators have been approved to offer sports betting apps in Ontario. BOSTON – Canada bettors in Ontario now … Read more
New Jersey’s streak of $1 billion betting handle months comes to an end in April 2022 as sportsbooks raked in $926.9 million. The betting handle is actually up 23.9% compared to April 2021 but revenue is slightly down 8.2% year over year, however. TRENTON, N.J. … Read more