DraftKings Q2 results were released on Friday and the company has received $71 million in revenue but also lost $0.55 per share this quarter. The company was able to deal with the effects of COVID-19 on sports and still be debt-free on the balance sheets. … Read more
The IRS is looking to place an excise tax of 0.25% on the Daily Fantasy Sports (DFS) industry which could equate to millions of dollars paid to them each year in taxes. DFS has never been considered a form of gambling which is where an … Read more
The PGA and the sport of golf are no longer available at sportsbooks in Illinois. An integrity issue is what has caused the game to be unavailable for wagers but sportsbooks in Illinois have requested the Illinois Gaming Board (IGB) consider bringing golf back to … Read more
Dacey Sportsbook at FireKeepers Casino has become the first tribal casino in Michigan to provide a sports wagering option to guests. The sportsbook has had to deal with many COVID-19 setbacks including the recently announced college football cancellations. There is online sports wagering allowed and … Read more
Kenya has gotten a new mobile sportsbook platform with the entrance of MELbet to their industry. MELbet’s online sportsbook will allow Kenya sports bettors to wager on over 2000 worldwide sports matchups daily. With the soft launch of the company, MELbet has chosen to visit … Read more
New Hampshire now has its first official land-based sportsbook with the DraftKings Sportsbook at The Brook opening to the public. A proper ribbon-cutting ceremony will take place for the sports betting venue sometime in September. Since December 2019, mobile sports betting in the Granite State … Read more
MGM stock has become worth more since a $1 billion investment by InterActiveCorp was announced on Monday, surpassing the $21 a share mark for the company. Since the outbreak of COVID-19, MGM Resorts stock has taken a hit due to a lack of profits resulting … Read more
Iowans picked up a taste for sports betting once major sports began opening up in July with reports showing $22.9 million wagered for the month. Of the $22.9 million, $2.2 million was made in revenue for the state having the bulk of activity done through … Read more
New Jersey is looking to get esports and other events approved for wagering with A637 and S2670. With the popularity of esports, the Garden State believes it to be a very profitable addition for gamblers in the state to help the industry with revenue that … Read more
Washington, D.C. has made $237,000 in sports betting revenue in a little over two months since the mobile sportsbook GambetDC was introduced. Experts believe more interest by residents will take place once additional operators are eligible to open up in the District, helping to gain … Read more
William Hill UK has closed 119 of their brick and mortar sportsbooks due to the toll the Coronavirus pandemic has taken on their shops and profit margins. The internet and mobile platforms for William Hill have done well in the absence of locations for sports … Read more
Penn National set to launch first Barstool Sportsbook app in Pennsylvania a state where the company has already released an online casino The second-quarter revenue suffered due to the effects of the COVID-19 pandemic but the company can look to benefit from the restart and … Read more