The Kentucky Horse Racing Commission approved temporary licenses for seven sportsbook operators and seven racetracks on Tuesday. Every Kentucky applicant, including Penn Entertainment’s ESPN BET, received temporary licenses. Retail sports betting launches on September 7 and mobile sports betting launches on September 28. FRANKFORT, Ky.– … Read more
FanDuel became the official sportsbook partner and the first authorized gaming operator of the Canadian Football League. Caesars Sportsbook launched their mobile sports betting app in Puerto Rico, directly competing with Bet MGM as the only mobile sportsbooks available to Puerto Rican residents. ONTARIO – … Read more
WynnBet held 3.14% of sports betting action in April. Success from the Boston Celtics may influence the low hold percentage. DraftKings and FanDuel continue their sportsbook market domination. BOSTON – Bettors at WynnBet took control in April according to the most recent Massachusetts Gaming revenue … Read more
Colleges around the country have begun cracking down on their sports betting sponsorships, with the University of Colorado ending their partnership and Michigan State staff signing a petition to follow suit. Concerns about student safety and secretive deal details have been at the forefront of … Read more
The Massachusetts Gaming Commission will favor applicants who operate sportsbooks in the US. Expect many names to apply for a Massachusetts sports betting license. Many first-year licensees could lose their license upon starting Year 2. BOSTON – Many thought Thursday’s Mass. Gaming Commission meeting would … Read more
Disney will not take sports bets but is looking to partner with a third party to get into the sports betting market. With stake in DraftKings, a deal with Caesars, and millions of subscribers, ESPN will be the push forward to help Disney. ANAHEIM, Calif. … Read more
Kansas sports betting will launch at noon CT with grand openings from many of the local sportsbooks. With mobile and online betting in Kansas, the state will host one of the quickest turnaround times to launching. Jordy Nelson will place the first bet at Kansas … Read more
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 sit at even odds. … Read more
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
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
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
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 reaches … Read more