Finance
FanDuel takes top spot as Indiana sportsbooks bring in $17.0m in February
Indiana’s regulated sports betting market saw handle increase 31.6% year-on-year to $273.9m in February, a growth of almost $100m, although both revenue and handle dipped…
Tennessee sports wagers surpass $211m in January
The Tennessee Education Lottery has reported further growth within the state’s sports betting market in January, with handle having reached a record $211.3m for the…
Churchill Downs to raise $500m through notes offering and term loan
Racing and gaming operator Churchill Downs Incorporated (CDI) aims to raise more than $500m through a combination of a term loan and an offering of…
Online casino drives RSI revenue growth in 2020
Rush Street Interactive (RSI) saw net revenue rocket 337% year-on-year in 2020, with casino significantly outperforming sports betting in key markets. However, an increase…
NeoGames’ inaugural results reveal 48.8% revenue growth in 2020
NeoGames’ first set of financial results as a publicly listed business show the lottery solutions provider’s revenue grew 48.8% year-on-year in 2020, aided by significant…
Skillz revenue up 92% in 2020 following public listing
Mobile multi-player gaming platform Skillz has released its fourth quarter and full year 2020 financial results, showing revenue of $230.1m for the year, up 92%…
Illinois breaks sports betting revenue and handle records in January
Illinois’s sports betting handle reached a record $581.6m in January, while the US state also saw revenue reach an all-time high of $49.4m during the…
Everi swings to loss in 2020 after revenue decline in all segments
Gaming and financial technology business Everi saw revenue drop 28.8% to $383.7m in 2020 after seeing revenue from all channels decline, including a sharp drop…
Caesars set to complete William Hill acquisition by 1 April
Caesars expects to complete its proposed acquisition of William Hill by 1 April after the bookmaker confirmed all necessary regulatory approvals should be obtained in…
DraftKings pledges $350,000 International Women’s Day donation
Sports betting giant DraftKings has pledged to donate up to $350,000 to nonprofit organizations across the United States which promote female-owned small businesses and female…
DraftKings ups long-term EBITDA guidance to $1.7bn
DraftKings has upped its long-term earnings before interest, tax, depreciation and amortisation (EBITDA) guidance from $1bn to $1.7bn, following strong igaming results in 2020. The…
BettHouse launches new funding round ahead of US debut
Start-up online sports betting operator BettHouse has announced a new funding round ahead of its launch in the US market. BettHouse has secured market access…
Full House returns to profit despite Covid-19 impact in 2020
US land-based casino operator Full House Resorts has revealed that despite its properties having been impacted by novel coronavirus (Covid-19) closures and restrictions in 2020,…
Iowa sports betting revenue rockets 920.5% YoY in February
The Iowa Racing and Gaming Commission has reported a 920.5% year-on-year increase in sports betting revenue in February, though both revenue and handle were down…