PointsBet has received the seal of approval to open up shop in the Illinois sports betting industry after getting their temporary license from the Illinois Gaming Board (IGB). News of the latest state to allow PointsBet entry into their sports betting market has led the … Read more
Louisiana now has a legal tax rate of 8% set for its legal Daily Fantasy Sports (DFS) industry with the signing of House Bill 64 by Governor John Bel Edwards on Monday. The Bayou State expects to receive $375,000 in annual revenue from the DFS … Read more
New Jersey totaled $165 million in sports betting handle and $12.6 million in revenue in June—monthly increases of 40% and 28%, respectively. Casinos began reopening in early July and major North American sports leagues are already returning to play, which should boost handle and revenue … Read more
Different sports betting types appeal to different states, a study done by Betgenius has found. The results of the study were submitted to the land-based casinos that use Betgenius sports betting platforms to help the businesses better understand the needs of the sports bettor entering … Read more
Tiger Woods is listed at +2200 odds to win the Memorial Tournament for the sixth time in his career. Bryson DeChambeau has the shortest odds at +1000 to win the Memorial Tournament. Patrick Cantlay has +1600 odds to win back-to-back Memorial Tournaments. DUBLIN, Ohio – … Read more
Indiana totaled a $29.8 million betting handle in June and collected $2.9 million in sports betting revenue. This raised $277,600 in state taxes. Handle was down 20% from May; revenue was also down 8%. It is strange to see betting handle and revenue decrease after … Read more
Iowa sports betting handle increased by $5.7 million, or 82%, in June. Total handle was $12.7 million. Even with a hold rate under 5%, Iowa sportsbooks collected $620,000 in revenue—a 24% increase from May. Casinos have begun to reopen with limited capacity and social distancing … Read more
DraftKings Sportsbook will open up its seventh retail location in the U.S. on Friday with the Mardi Gras Casino in Black Hawk, Colorado. The facility is only temporary while construction is being done for the final product which is expected to be seen by 2021. … Read more
Rhode Island is in need of revenue with the Coronavirus Pandemic causing wider deficits and RI HB 8097 would help by allowing sports bettors to register for mobile sportsbooks at home. The sports betting law in Rhode Island at present requires bettors to register in … Read more
The Illinois Gaming Board (IGB) would like to make co-branding of sportsbooks a reality in the state and has brought the topic up for public opinion before any decisions are made. Rivers Casino, and the people behind BetRivers Online Sportsbook, have filed a complaint claiming … Read more
Deutsche Bank analysts foresee huge positive growth for GVC Holdings in the back half of 2020. Deutsche’s consensus projection for GVC Holdings set its target price at 1040 GBX, nearly 30% above the current price. One analyst went one step forward and projected 2020 earnings … Read more
PrizePicks is a popular domestic daily fantasy sports operator. The company received $850,000 in bridge funding, a form of short-term private investment aid, in response to the COVID-19 pandemic. The investors for this bridge funding believe in the long-term potential of PrizePicks as a major … Read more