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Industry
July 13, 2021
Indiana’s Foray into Sports Betting Is Paying Off
Indiana has had legal sports betting for a little more than two years and it has continued to deliver good things to the state. There have been ups and downs in the market, just like there are with any, but, overall, things are looking up. June proved to be a relatively successful month for Indiana […]
Industry
July 12, 2021
Oregon June Sports Betting Posted Double-Digit Revenue Growth
Sports betting revenue in Oregon was on the rise in June, the monthly report released by the Oregon Lottery revealed. The state posted a double-digit increase in revenue on a sequential base. Steady Revenue Growth The Scoreboard, a sports betting product powered by Boston-based sportsbook and industry technology supplier DraftKings and run by the Oregon […]
Industry
July 12, 2021
Independent Study Recommends Cap on Deductions for Sportsbooks
A leading independent tax policy nonprofit, the Tax Foundation, released a report last week, evaluating the efficiency of different state’s approaches to sports betting taxation. Deductions Lead to Lower Effective Tax Rate Industry official data provided by the American Gaming Association (AGA) shows 21 US states and D.C. are currently offering legal wagering on sports, […]
Industry
July 12, 2021
DraftKings and MLB Ink Live Streaming and Sports Betting Deal
Everyone is familiar with the fact that DraftKings has been heavily involved in a few major sports leagues in the US. The fantasy sports and sports gambling operator’s latest addition is a new deal that it has completed with MLB. This is not the first time that DraftKings has collaborated with MLB. Recently, they signed […]
Business
July 12, 2021
Betfred Reports Profitability Despite the Pandemic
Betfred reports profitability for 2020, despite the COVID-19 pandemic and the hardships it had along the way. Betfred Records Profit in Its Annual Report Betfred, a bookmaker based in the UK, has reported profitability despite the COVID-19 pandemic, thanks to HM Revenue & Customs (HMRC). Betfred’s annual report for the year to September 27, 2020, […]
Industry
July 12, 2021
Advent International Shows Interest in William Hill’s non-US Assets
Advent International is rumored to be in on the fight to purchase William Hill as this company is reportedly focused on buying all of the assets by this reputable sportsbook in both Europe and the UK. At the moment, Advent also has two competitors in this auction – Apollo Global and 888 Holdings, the latter […]
Industry
July 12, 2021
NY State Gaming Commission Released Mobile Sports Betting Request
New York State’s Gaming Commission has released the long-anticipated request for mobile sports betting applications. Sports Betting Applications Are Due August 9 On Friday afternoon, the New York State Gaming Commission released the request for mobile sports betting applications. The applications request was long-awaited, as it was supposed to come out on July 1. The state would partner with […]
Industry
July 12, 2021
Flutter to Delay FanDuel Split As the Sportsbook Takes Control Of the Market
This past March, it looked like FanDuel was going to follow in DraftKings’ footsteps and seek a spot on a public stock market. Owned by Flutter Entertainment, which has its hands in sports gambling and iGaming operations around the globe, being traded publicly would certainly give FanDuel a lot of support for future growth. However, […]
Sports
July 9, 2021
New Jersey College Sports Betting Facing an Uphill Battle
New Jersey is not likely to see gambling expansion in November, as the proposed state constitutional amendment does not get the necessary public support, the latest FDU poll suggests. 67% against Betting on Local College Teams The proposed measure to allow wagering on college sports events with the participation of local teams is facing an […]
Business
July 8, 2021
Genius Sports Expanded Partnership Deal with DIMAYOR
A current relationship between Genius Sports and DIMAYOR, the governing body of Colombian soccer, has been expanded, the official data and technology supplier announced. Exclusive Data and Distribution Rights Founded in 1948, the Colombian Soccer Major Division (DIMAYOR) is the entity in charge of organizing, managing and regulating the Colombian Professional Soccer championships, and, according […]