Category: Sports Betting
Flutter Entertainment narrows loss in third quarter, grows customer base 46%
FanDuel parent corporation Flutter Entertainment posted a loss of $114 million in the third quarter. That is down from a $262 million dose... more
Aristocrat unveils plans for igaming strategy
In April of this year, Aristocrat completed the acquisition of NeoGames, a transaction that was viewed favorably by the operator and Wall... more
Louisiana lawmaker proposes hiking sports betting tax to 51 percent
Louisiana State Rep. Roger Wilder III has introduced a bill that seeks to raise the state’s tax rate on sports betting revenues from 15 to... more
ComeOn Group adds sportsbook to its Ontario lineup
ComeOn Group has added a sportsbook to its Ontario offering, the latest to join the party in a market that generated more than CA$2.2... more
Wall Street: Analysts take on DraftKings 3Q, DoubleDown Interactive growth, Missouri OSB, Red Rock
DraftKings 3Q results “DraftKings had a strong Q3 as its core business continues to grow nicely,” wrote Truist Securities analyst Barry... more
BetMGM rebounds despite NFL adversity
According to a November 11 report by Jefferies Equity Research analyst James Wheatcroft, BetMGM had a halcyon month of sports-betting... more
As sports betting addiction takes hold in Brazil, the government moves to crack down
SAO PAULO (AP) — “King” doesn’t disclose his real name. Even clients of his Sao Paulo newsstand have to call him by his moniker. The... more
DraftKings 3Q24 revenue increase sets the table for possible expansion
After reporting third-quarter results that are considered positive – a 39% increase in revenue to $1.095 billion – DraftKings’ CEO Jason... more
National Council on Problem Gambling awards Agility Grants worth $320,000
The National Council on Problem Gambling Thursday awarded $320,000 in Agility Grant funding to eight organizations working to strengthen... more
Low hold saps New York online sports betting revenue in October
Online sports books in New York state held at only a 7.6 percent clip last month. This meant that a 16 percent increase in handle... more




