Sports betting
Indiana betting revenue and handle rocket YoY but down from March
The sports betting market in Indiana saw handle come to $236.4m in April, a 25% decrease from March, but a 798.7% increase compared to the…
Washington agrees sports betting gaming compacts with Kalispel and Snoqualmie tribes
The Washington State Gambling Commission has amended Class III gaming compacts with the Kalispel and Snoqualmie tribes, permitting them both to offer sports betting in…
Lower handle means Delaware betting revenue dips month-on-month in April
Revenue from sports betting in Delaware declined 7.4% month-on-month in April, as player spending fell to a year-low of $5.5m during the month. Total revenue…
FanDuel chief executive King to step down, delaying spin-off plans
Matt King, chief executive of Flutter Entertainment-owned FanDuel Group, has announced his intention to step down from his role and leave the business. King has…
Illinois betting handle smashes records again in March
Sports wagering revenue in Illinois grew 25.1% month-on-month to $44.3m in March, while handle hit a record high of $627.6m, up 23.1%. FanDuel remained on…
Colorado sports wagers reach $2.34bn in first year of regulation
Consumers in Colorado wagered a total of $2.34bn on sports during the first year of legal wagering in the state, while gross gaming revenue in…
PointsBet agrees to acquire ADW operator Premier Turf Club for $2.9m
Gambling operator PointsBet has brokered an agreement to purchase pari-mutuel advance deposit wagering (ADW) operator Premier Turf Club for $2.9m. The transaction remains subject to…
Iowa records sports wagering handle decrease for April
Iowa posted sports wagering handle figures of $118.4m for April 2021, representing a 7438.9% increase from April 2020 when almost all major sporting events were…
DraftKings ups guidance as revenue grows 252% but losses rise further
DraftKings’ revenue continued to rocket in Q1, growing 252.7% to $312.3m, but losses widened as the operator’s sky-high costs of sales and marketing costs continued…
Fox Corporation to acquire digital media platform Outkick
Media giant Fox Corporation has brokered a deal to acquire Outkick Media, a digital media platform founded by US sports journalist and media personality Clay…
Ohio bill would legalize sports betting
A bill to legalize sports betting – allowing 20 land-based and 20 online licenses plus an offering from the lottery – has officially been introduced…
Caesars seals AZ market access with Diamondbacks deal
Caesars Entertainment has struck a partnership with Major League Baseball franchise the Arizona Diamondbacks, that will allow the operator to roll out sports betting in…
State of the Union: Better Collective, Nevada, Catena and more
This week’s State of the Union, in partnership with Segev LLP, includes two huge affiliate deals, financial results from Caesars Entertainment, and efforts in Nevada…
Oregon bounces back in April as revenue rockets 594.9% YoY
The Oregon Lottery has reported a 594.9% year-on-year increase in sports betting revenue in April, while the US state’s handle also rocketed 475.0% to $25.3m.…