The wait is over for Michiganders as Richard Kalm, executive director of the Michigan Gaming Control Board (MGCB), said he expects the state to flip the switch for online sports betting within the next few days, and as soon as Tuesday night. Kalm noted Tuesday that final preparations in anticipation […]
Tag: DraftKings
Gambling Stocks Jump After NY Gov. Cuomo Endorses Online Betting
Several gambling stocks saw notable increases in share price this week after New York Gov. Andrew Cuomo said he’s OK with legalizing online sports betting in his state to help make up a budget shortfall. Cuomo has long been an opponent of allowing online sports betting, but New York is […]
Cuomo Hints at Fast-Tracking Legalization of Online Sports Gambling in New York
In an about-face brought on by a projected $15 billion revenue shortfall, New York Gov. Andrew Cuomo is making swift legalization of online sports gambling in the state a centerpiece of his administration. Cuomo, formerly an opponent of online sports gambling in New York, hinted that the key to regaining […]
As Other Northeast States Set Sports Gambling Records, Massachusetts is Left in the Cold
In the midst of budget shortfalls and pandemic-fueled rollbacks in services, Massachusetts lawmakers decided to eliminate sports gambling from an economic development bill sent to the governor’s desk on Wednesday. The question remains, will sports gambling legislation have a resurgence and become legal there at any point in 2021? The […]
Bally’s in Rapid Expansion Mode, Announces ‘Mini-Casino’ Project in Pennsylvania as Lockdown Lifts
Bally’s Corporation this week picked up where it left off late last year as a young company attempting to grow quickly. Only this time, instead of increasing its digital and media footprint, Bally’s is going the brick-and-mortar route. Monday, Bally’s announced plans to build a mini-casino in Pennsylvania just as […]
ESPN Plus to Feature Betting Commentary for NFL Wild Card ‘MegaCast’
With tech giants like Amazon emerging as players in NFL broadcasting, ESPN is staking its reputation on streaming this weekend with its first-ever NFL “MegaCast.” The idea is to broadcast the Ravens vs. Titans wild-card game at 1:O5 p.m. ET across six Disney-owned networks with different viewer experiences on each. […]
Entain Shares Soar as British Gambling Giant Rejects MGM’s $11 Billion Takeover Bid
Betting giant Entain, the Isle of Man-headquartered parent company of Ladbrokes, rejected an £8.1 billion ($11b) buyout offer from US partner MGM Resorts Monday, sparking a rally in its stock as MGM shares took a dip. Entain officials said the offer from MGM, owner of several high-end resorts and casinos […]
MGM and Digital Media Giant IAC Team Up to Acquire Ladbrokes’ Parent Company
MGM Resorts International, the parent company of BetMGM, is looking to start the new year big as it’s reportedly on the cusp of acquiring Entain, the parent of one of the biggest and oldest sportsbooks in the world, London-based Ladbrokes. With the backing of billionaire Barry Diller’s IAC Group, Entain, […]
Four Online Sports Gambling Startups to Watch in 2021
The online gambling world took away a lot of lessons last year. Big mergers happened in 2020 and will continue to happen this year as corporations keep pushing for monolithic hegemony. In the US, states will continue to regulate and open for business to become the next New Jersey, Pennsylvania, […]
Funky Rules in Virginia Cause Sportsbooks to Speak Out Before Anticipated January Opening
They won’t be the only state to open for online sports gambling in January, but Virginia will undoubtedly do so with a unique set of regulations. Legalized in July, the Virginia Lottery has granted preliminary approval for up to a dozen online sportsbooks, including five of the usual suspects.DraftKings, FanDuel, […]
Disney Goes All-In With Caesars, DraftKings, and SEC Deal in Effort to Save ESPN
Last week, Disney officials announced several initiatives that will pivot the media behemoth toward a future focused on online sports gambling. At its Investor Day last Thursday, Disney executives highlighted ESPN’s multi-year partnership with Caesars Entertainment signed in September. The deal includes link integrations from ESPN’s digital platforms to William […]
DraftKings, Foxwoods Reach Deal as Lawmakers Promise Connecticut Sports Betting Push in 2021
Connecticut hasn’t legalized sports betting yet, despite several attempts by lawmakers. Even so, DraftKings and Foxwoods Resort Casino announced a deal on Monday that positions the two gaming powerhouses to take advantage if the state finally allows regulated sportsbooks to begin operating in 2021. The multi-channel deal between DraftKings and […]
DraftKings Bets Big On Vegas’ Future, Sponsors Gaming Innovation Program at UNLV
DraftKings doesn’t currently operate in Nevada, but that didn’t stop them from signing a new, multi-year agreement to help fund the Center for Gaming Innovation at the University of Nevada, Las Vegas. No Mobile Registration, No Problem While the Nevada Gaming Control Board doesn’t yet allow mobile sportsbook registration, the […]
Crowded Field Yields Significant Sports Betting Uptick in the Rockies
Like New Jersey, Illinois, and Indiana, Colorado has reported record increases in online gambling this fall as a bevy of sportsbook operators custom-tweak apps and websites to gain credibility among bettors. Online Wagering in Colorado Takes Hold in the Fall Sports betting went live in Colorado on May 1, after […]
DraftKings Stock Soars Again After Analysts Set $100 Price Target
DraftKings stock continued to climb back toward its peak on Thursday, rising to nearly $50 a share after analysts said a likely boom in sports betting will greatly increase the profitability of the Boston-based company. The stock rose to nearly $65 a share in early October, but dropped to about […]
Illinois Gambling Regulators Took Risks in September, then Watched the Bets Pour In
The state of Illinois took its first sports bet in the week March Madness was canceled. In the months that followed, betting action was negligible. But over the last 90 days, as sports returned, the Prairie State emerged as the Midwest capital of online sports betting. The Illinois Gaming Board […]
DraftKings’ Q3 Gains Create Stock Surge, But is Success Sustainable?
Buoyed by a trio of new states approving gambling on Election Day and continued progress with professional sports partnerships, DraftKings reported some big third quarter wins on Friday. As a result, shares of DraftKings stock jumped more than 10% to end the week after the company released blockbuster quarter-end totals, […]
Maryland, Louisiana, and South Dakota Voters Say Yes to Legalizing Sports Betting
While the presidential race outcome is still in limbo, three states — Maryland, Louisiana, and South Dakota — approved sports gambling by wide margins in Tuesday’s general election. The number of states allowing sports betting is now 26, plus Washington DC. None of the three states that just approved sports […]
DraftKings Election Predictor Map Shows Sea of Red — It’s Not What You Think
Democrats expressed shock to see DraftKings post a US map on Twitter awash in a sea of red, but that portrayal doesn’t quite represent what some may think. The DSF and sportsbook operator is offering a free-play contest for its users to predict the 2020 presidential election results, handing out […]
Sports Betting on the Ballot in Three States, DraftKings and FanDuel Lead the Charge
For the last half-decade, DraftKings and FanDuel have been making quiet campaign contributions toward sports gambling legalization efforts. This Election Day, thanks to initiatives they’ve championed, voters will have their say on the fate of sports betting in three states — Maryland, Louisiana, and South Dakota. So far, 22 states […]