DraftKings (NASDAQ:DKNG) stock is rallying Tuesday after the company said the North American iGaming and online sports wagering markets could eventually be worth $67 billion or more on a combined basis. This is far higher than even some of the most enthusiastic analyst forecasts.
Read More . . .
Matthew “Sweaters” Knight, 47, could face more than a year in prison after admitting to his role in a gambling conspiracy. Vincent “Uncle Mick” DelGiudice and Todd Blanken also pleaded guilty in the case earlier this year.
Read More . . .
February’s $143.62 million in Iowa was a drop of 4% from the previous month. In January, sports wagering handle in Iowa reached a record $149.52 million as sportsbooks reaped the benefit of the expiration of a requirement that customers register for remote play in-person. More convenient registration has obviously been a big boost to customer participation.
Read More . . .
WynnBET was approved by the Virginia Lottery this week. WynnBET, the digital gaming division of Wynn Resorts, has not yet revealed when it will go live in the Old Dominion State
Read More . . .
Las Vegas Sands Corp , founded by late casino mogul Sheldon Adelson, will sell its Vegas properties for $6.25 billion, exiting the U.S. gambling hot spot after three decades to focus on Asia, home to the world’s largest gambling hub, Macau.
Read More . . .
The database is a self-exclusion tool that online casinos and sportsbooks in the state can use to help players avoid gambling harm. As of right now, there have been zero applications filled out for the program. Online gambling officially started on January 22. As the industry is new, it would not be expected that the list would be filled this early on.
Read More . . .
Massachusetts Gov. Charlie Baker (R) supports expanding gambling to allow sports betting. But lawmakers in the Boston capital continue to delay its arrival.
Read More . . .
Massachusetts casinos have been making hand sanitizer and disinfectant wipes available to gamblers since they reopened last summer, but players at MGM Springfield will now be presented with only Clorox products.
Read More . . .
Investors included Jim Murren, former CEO of MGM Resorts International, and Joe Banner, former NFL team executive. Revenue in U.S. sports betting is projected to hit $2.5 billion this year and $8 billion by 2025, according to CNBC.
Read More . . .
Flutter Entertainment, the largest online gambling operator in the world that counts FanDuel in its portfolio of brands, reported total group revenue of $7.35 billion for 2020, on a pro forma basis, an increase of 28% increase year-over-year.
Read More . . .
Lawmakers have left key stakeholder out of the conversation, and that's enough to keep issue from gaining traction
Read More . . .
CT Lottery has a chance at winning legislative authorization to make every smartphone and laptop a lottery retailer, a significant market expansion backed by the administration of Gov. Ned Lamont.
Read More . . .
