Major sportsbooks, including DraftKings and FanDuel, abruptly removed betting lines for the College Basketball Crown Tournament, citing regulatory concerns and player uncertainty. Bettors suspect sportsbooks pulled the lines to protect themselves from inside information on player availability, while some reported having winning bets voided after … Read more
DraftKings and FanDuel sportsbook hold nearly 75% of the market share for US sports betting. While MGM and Caesars make up another ~15%, the remaining 10% is split between way too many operators. PHOENIX – Recent withdrawals from the legal sports betting market from SaharaBets … Read more
Major changes in mobile sports betting are on the horizon as the DC Council opens the market to multiple operators. The new budget slashes tax rates and welcomes competitors like BetMGM and Caesars to expand citywide. An amendment ensures betting kiosks remain in convenience stores … 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
GeoComply has revealed the top sports betting markets during the opening week of the NFL season and Arizona saw the fourth most wagers. There were 58.2 million geolocation transactions during Week 1 of the football schedule. This NFL opener more than doubled the activity that … Read more
Senate Bill 177 has been filed in the state legislature that would legalize retail and mobile sportsbooks in Massachusetts in 2021. Millions of dollars are expected to be gained by a legal sports betting industry in the Bay State through the legalization of the market. … Read more
Connecticut could see legal sports betting in 2021 now that Governor Ned Lamont is actively trying to draft a structure for the industry. Gambling on sports in Connecticut would be a Tribal business under the current discussions taking place. It is estimated that a sports … Read more
Senate Bill 111 that would make sports betting legal in Ohio is still on the table until the end of the year. This legislation comes with an 8% tax rate, a cap of 22 operators for an allowance of 2 licensed brands at each of … Read more
The New York Jets have not yet won a game on their 2020 schedule, having their most recent loss be a shut out by the Miami Dolphins on Sunday with a score of 24-0. Although the Jets are at the bottom of the leaderboard in … Read more
Sportradar and the NHL are on track to sign a deal to make Sportradar the official distributor of NHL betting data. This is the fourth of major US league to ink a deal with the company including the NFL who began its partnership with Sportradar … 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
MGM has endured monumental losses for its second quarter in 2020 because of the Coronavirus. The company remains focused on a solid third quarter as the world begins to reopen and business can once again begin. NEW YORK – MGM Resorts International closed their second … Read more