Last week’s $163 million deal between regional casino operator Penn National Gaming and media platform Barstool Sports caught everyone’s attention.
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U.S. sportsbooks took an incredible amount of Super Bowl betting action and one play from the Kansas City Chiefs’ victory in Super Bowl 54 helped bettors cash in Sunday.
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The Hunt family – owners of the Kansas City Chiefs – is one of America’s richest families, and gambling and poker played a critical role in the early success of patriarch HL Hunt.
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FairwayJay looks at the props offered during President Trump's State of the Union address.
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Restaurant chain Hooters of America has partnered with KonekTV, installing the latter’s sports information screens at all locations throughout Indiana, New Jersey and Pennsylvania to enhance the user experience for sports betting fans.
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US online gambling affiliate BettingUSA.com has pledged to donate one per cent of all earnings to the National Council on Problem Gambling, with both parties calling on others to join the initi
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From friendly wagers to jackpots, gambling winnings are reportable for federal income tax purposes. When the numbers are big enough, those winnings are also reported to the Internal Revenue Service (IRS) using a federal form W-2G, Certain Gambling Winnings (downloads as a PDF)
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Around the world, more than $7 billion is expected to be wagered on the game, and restaurant chain Hooters wants to make sure it doesn’t miss out on the fun. It announced yesterday that it has teamed up with a sports gambling company, as well as an advertising firm, to give diners in some states the ability to place wagers with their wings.
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IHeartMedia is going all in on sports gambling radio in Cleveland even before betting on games is legal in Ohio.
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Penn National Gaming purchased 36 percent of digital brand Barstool Sports for approximately $163 million, the companies jointly announced Wednesday. The agreement means Barstool will continue its plunge into gambling, as Penn National will be the exclusive gaming parter for the company. Under the agreement, Penn National also has the sole right to use the brand for online and retail sports betting products.
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The companies plan to launch a Barstool-branded sports-betting platform later this year. The deal between Barstool and Penn National could also drive other media tie-ups, as gaming companies scramble to secure media partners.
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It’s not unusual for the books to turn a tidy profit. Some years are better than others, but nine of the last 10 Super Bowls have been worth at least $1 million to sportsbooks and four turned an eight-figure profit
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