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Business
June 12, 2024
FanDuel and DraftKings Retain Dominance, Oust Competitors
Since the repeal of PASPA six years ago, sports betting expanded across the United States. This expansion helped create a healthy and competitive market. Although there are plenty of licensed operators, the unquestionable leaders remain FanDuel and DraftKings. The duo, cumulatively held a 73% handle share in April, according to Truist’s expert analyst Barry Jonas, […]
Industry
June 12, 2024
New York’s Three New Casinos May Generate Money for the MTA
A couple of years ago, New York lawmakers greenlighted a proposal that called for the creation of three new downstate casinos. The expansion of land-based gambling in the state seeks to bring economic stimulus, create new jobs and generate tax revenue. Yet, there wasn’t much progress since which is a prime reason why Assemblyman Gary […]
Casino
June 11, 2024
Bingo Player Wins $134K Jackpot at Las Vegas Valley Casino
A very lucky bingo player visited the Suncoast Hotel and Casino in Las Vegas on June 6 and went home with a whopping $134,446 in total winnings. Wayne W. managed to hit the Double Daub Progressive in 35 numbers or less at the 3 p.m. bingo session at the casino. According to casino officials, Wayne’s […]
Sports
June 11, 2024
NFL Quarterback Backpedals after Saying He Is a “Gambling Man”
Dak Prescott from the Dallas Cowboys has quickly clarified an earlier statement in which he described himself as a “gambling man.” While the quarterback only wished to express his situation ahead of the expiration of his current contract, he soon came to realize that his comment may be misinterpreted by some people. Prescott made the […]
Lottery
June 11, 2024
New Jersey Player Wins $223M Powerball Jackpot on Monday Draw
Monday night marked an unforgettable moment for one Powerball player from New Jersey. The lucky person, whose identity remains concealed, secured the grand prize from the popular lottery game. Guessing correctly the winning numbers from yesterday’s drawing, the person secured the mind-blowing $223 million jackpot. To win the grand prize from Powerball, the player from […]
Legal
June 11, 2024
Two Ohio Men Receive Prison Sentences for Illegal Gambling and Tax Fraud
Two men from Ohio have been sentenced to prison after running an illegal gambling operation for years and hiding millions in taxes. The operation was running for approximately 10 years, accumulating millions in profits. The two man in question are Christos Karasarides Jr, 59, of Canton, and Ronald DiPietro, 65, of Clinton. The two men […]
Legal
June 11, 2024
Florida Authorities Bust Illegal Gambling Den, Seize Cash & Drugs
Authorities have busted an illegal gambling den in Florida, arresting several people in the process. As announced by the St. Johns County Sheriff’s Office (SJSO), the police have also seized gambling machines, drugs and thousands of dollars in cash. The so-called Operation Express Jackpot was carried out following an extensive investigation. Officers had been tipped […]
Business
June 11, 2024
Relay Confirms Closing of $35M Series B Funding Round
The leading cloud-based technology platform that plans to revolutionize and improve frontline communications for industries from hospitality to healthcare and education, Relay, announced the closing of a new funding round. On Monday, the company confirmed it completed a $35 million Series B funding round that was led by G2 Venture Partners. In addition to G2 […]
Sports
June 11, 2024
MLB Players Reveal a Surge in Gambling-Related Threats
Major League Baseball (MLB) players are increasingly expressing concerns over their safety due to a surge in gambling-related threats. MLB’s ongoing partnerships with leading gambling companies have caused the frequency and severity of menacing messages directed at baseball players to escalate dramatically. Athletes advocate for improved gambling harm prevention measures and sweeping reforms to protect […]
Industry
June 11, 2024
FanDuel Dominates Virginia Mobile Sports Betting Market
April saw FanDuel solidify its position as the dominant force in Virginia’s mobile sports betting landscape. The leading sportsbook reached another milestone by surpassing $700 million in all-time revenue. Data obtained through a Freedom of Information Act request to the Virginia Lottery revealed that FanDuel continues to lead the market with impressive performance metrics. FanDuel’s […]
