Shares of DraftKings Inc. were headed for their worst daily performance on record Friday after the sports-betting company topped revenue expectations but appeared to spook investors with its discussion of Read more
Tag: Sports Betting
World Series: What set ‘Mattress Mack’ off against ‘worst fans ever’ in Philly
““I was told they are the worst fans ever. I expected the best, and I got the worst.” ” That was Jim “Mattress Mack” McIngvale, the Houston furniture-store owner and Read more
August sports betting revenue increased 116.2% year-over-year
During a month usually known for a lull in the sports calendar, American sportsbooks still managed to rake in the cash. Per the American Gaming Association, sportsbook operators generated $471.4 Read more
The record-breaking bet on sports gambling in California faces long odds
Two dueling ballot initiatives to legalize sports betting in California have wagered more than $400 million on their campaigns, but with a month to go until voters decide, the resulting Read more
Saudi Arabia wants to be a hub for gaming, plans $37.8 billion investment in the industry
Saudi Arabia is making its next big move in an ongoing effort to diversify its economy. Savvy Games Group, owned in full by the country’s Public Investment Fund, is planning Read more
FuboTV will ‘no longer pursue’ in-house sports betting on its own
FuboTV will no longer run its in-house sports betting platform independently, and will be seeking “strategic opportunities” to operate the wagering arm of its business. The American streaming service, which Read more
New York’s sports betting tax revenue hits record high
New York has generated $302.3 million in mobile sports betting tax revenue since its launch in January — surpassing expectations and beating every other state in total revenue. The Empire Read more
Sports betting stocks: How companies like DraftKings, Caesars performed in June
Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, sports-betting companies have seen huge interest. As of the end of June 2022, 30 Read more