Last football season, bettors in Nevada risked over $1.8 billion on football action. From that total, the sportsbooks were able to keep $129.7 million, or 7.2%. To reach a $2 billion handle, every month would need to see an increase of 11%. LAS VEGAS – … Read more
Paddy Power Betfair changed their name to Flutter Entertainment earlier this year. Flutter owns a majority stake in FanDuel Sportsbook. Executives from Flutter believe their revenue can increase ten-fold in the US. TALLAHASSEE, Fla. – As one of the first gaming operators to land a … Read more
The companies will keep the Caesars name, after finalizing the terms of the merger in 2020. With a strong sports betting market share, Caesars will be able to capitalize on the online market. A spinoff online betting company is possible, creating an extra revenue stream … Read more
New Jersey had the second-highest handle for all legal sports betting states last year. From football betting alone, New Jersey sportsbooks took in $614 million. The University of Georgia is the biggest college football liability for FanDuel Sportsbook. EAST RUTHERFORD, N.J. – Football season is … Read more
The Scientific Games Corporation had assets exceeding $7 billion. Their total revenue for the year totaled over $3 billion. With their new OpenSports sports betting solution having launched in in 2019, their revenue is expected to go up. NEW YORK – The Las Vegas-based company … Read more
There are now 25 members that are a part of iDEA Growth. iDEA Growth wants to create a unified voice to advocate for mobile sports betting. iDEA Growth wants to make sure that mobile sports betting is included in sports betting bills. WASHINGTON – As … Read more
While Penn National has agreed to partnerships with multiple online sports betting providers, Kambi will be the company’s exclusive sportsbook partner. Penn National was the first iGaming operator in the state of Pennsylvania. Each deal with Penn National is contingent up the state’s laws and … Read more
June’s betting handle of $322 million sets a new record for June sports betting in Nevada. Baseball betting in Nevada during June accounted for 70% of the monthly sportsbook revenue. Sportsbooks in Nevada have failed to contribute more than $1.5 million to the state in … Read more
Mohegan Gaming & Entertainment has properties located in Pennsylvania, New Jersey, Canada, and Connecticut. Connecticut previously legalized sports betting in 2017 but is still in the process of formulating official regulations over the activity. Mohegan Sun Beyond is a free-to-play casino and sportsbook app that … Read more
FanDuel Sportsbook is available in every state that has legalized sports betting and uses external operators. FanDuel can be located online in New Jersey, West Virginia, and Pennsylvania, while New York and Mississippi remain retail only. With the recent addition of mobile betting in Pennsylvania, … Read more
There have been over half-a-dozen Massachusetts sports betting bills introduced this year. The Massachusetts legislative session lasts until December 31, 2019. There have been two hearings held this summer to discuss possible sports betting bills. BOSTON – While it may seem as though the fate … Read more
New Jersey sports betting laws allow sportsbooks to be built at current or former casinos and horse racing tracks. Garden State Park in Cherry Hill is located across the Delaware River from Philadelphia and ran its final horse race in 2001. Cherry Hill Towne Center … Read more