Investment banking company Morgan Stanley has downgraded both DraftKings and Penn National. Thomas Allen cites investor’s expectations being too high as to why their growing value on the NASDAQ is happening. The company still predicts both DraftKings and Penn National’s value will increase. NEW YORK … Read more
FanDuel gained over 350,000 new customers in the United States for the first half of the year but they need to market their sports betting offerings more to be successful in H2. A new marketing plan has been laid out for the sportsbook operator as … Read more
PlaySports sports betting technology has just gotten better with the addition of a “Trading Team” that will be on-call 24/7 to meet customers’ needs for fluctuations in the market. The team will come up with local exclusive sports wagers for members of the online sportsbook … Read more
West Virginia will be adding two more sportsbooks to their mobile list with Delaware North and both of their locations. The state is already home to three online sports betting platforms with BetMGM, DraftKings, and FanDuel. CROSS LANES, W. Va. – More West Virginia sports … Read more
FanDuel looks like they will be the third mobile sportsbook to open up in Illinois with the help of the Par-A-Dice Casino. Paperwork is currently being processed so that the sports betting operator will be able to launch in time for the start of the … Read more
Remote mobile sports betting registration makes a return in Illinois. Sports bettors in the state will be able to register for a mobile account for the next 30 days. SPRINGFIELD, Ill. – As of Friday, Illinois sports bettors can once again register for a mobile … Read more
DraftKings has started an email petition in Illinois to rid the state of in-person registration for mobile sportsbooks that are required by law. The big named sports betting company has already found a way for people to register for their mobile sports betting platform without … Read more
The Illinois Gaming Board (IGB) gave out eight licenses for sportsbooks in the state to open when the pastime became legal. Both Hollywood Casino locations have opened, marking the fifth and sixth sports betting venues to begin business, leaving two sportsbooks left to launch. These … Read more
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
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
Nashua, New Hampshire is now home to a DraftKings office where the sports betting company will have a headquarters in the state. The city voted against allowing a sportsbook operation in their town but lawmakers would like to put it to a vote again with … Read more