by Michael Molter | Aug 30, 2022 12:23 pm | Sports Betting
Prophet Exchange became the first sports betting exchange to launch in the United States. The app permits bettors to accept or offer betting lines on a variety of professional and collegiate sports. Prophet Exchange doesn’t charge any vigorish, making most lines...
by Brett Crown | Aug 11, 2022 10:24 am | Sports Betting
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...
by Giovanni Shorter | Jul 7, 2022 11:54 am | Sports Betting
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 stock shares to have dipped. NEW...
by Giovanni Shorter | Jun 16, 2022 12:51 pm | Sports Betting
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...
by Giovanni Shorter | May 26, 2022 10:39 am | Revenue
Since its launch in January 2022, NY has seen over $400 million in mobile betting revenue with the state seeing over $200 million in taxes. ALBANY, N.Y. – Morgan Stanley has recently given its projections on the New York sports betting market, predicting revenue...
