As the NFL season gets underway, sports betting has reportedly become big business in the United States. Since a Supreme Court ruling overturned a law that prevented state-sanctioned sportsbooks in 2018, over $220 billion has been wagered in the U.S. sports gambling industry, Bloomberg reported Friday (Sept. 6). The beneficiaries of this trend include mobile...
Tag: DraftKings
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Comparing the 4 Best Sports Betting Apps for NFL Fans
Caesars has been a big name in gambling for decades, and their sports betting app is riding on those coat tails as well. It’s a household name and they’re using that to their advantage. NFL fans will find that Caesars offers some of the best promotions in the business, especially if you’re part of their...
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DraftKings gets slapped with fine for online slots that paid zilch
DraftKings and White Hat Gaming must pay the state of Connecticut a total of $22,500 in fines after its online slot machine failed to issue players a win for a whole week. reported that the state’s Department of Consumer Protection uncovered the non-paying slot machine and issued the fines. The sports betting and gambling website...
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DraftKings to Enhance In-Play Betting Offering With Simplebet Acquisition
Digital sports entertainment and gaming company DraftKings plans to enhance its in-play betting offering by acquiring Simplebet. The proposed transaction has been approved by the boards of directors of both companies but is subject to the receipt of required gaming regulatory approvals and other customary closing conditions, DraftKings said in a Wednesday (Aug. 28) press...
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DraftKings agrees to buy in-play betting company Simplebet
DraftKings on Wednesday (28 August) announced that it has come to terms to buy Simplebet in an effort to punch up its in-play betting capabilities and boost its AI game. The acquisition will be DraftKings’ second major purchase this year, after it completed the purchase of digital lottery company Jackpocket in May. DraftKings earlier this...
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Americans are draining stock portfolios to shovel more money into sports betting
Rob Minnick fell into debt for the first time at age 19. Sitting in the back of his classroom during a freshman year math class, the now-25-year-old placed a wager on the New York Yankees during an MLB spring training game that sent him into the red. He assured his parents it wouldn’t happen again....
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Weekend Report: Addabbo sounds off about NYC casino process, DraftKings stymied in court, Aristocrat’s new UK deal
Welcome to the Weekend Report, where iGB covers the news that you may have missed over Friday, Saturday and Sunday. This week, we look at an FBI arrest in DC, as well as a California bill that would allow tribes to sue cardrooms. Frustration continues over NYC casino bid process New York Senator Joe Addabbo...
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Michigan online gambling, sports betting AGR up YoY and month over month
Michigan’s online gambling industry continues to grow, as July iGaming and digital sports betting adjusted gross receipts (AGR) grew a combined 3.2% over June. In addition, compared to July 2023, online gambling AGR was up 24.7% and sports betting was up 5.2%, according to the Michigan Gaming Control Board (MGCB), which released results Tuesday (20...
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State of the Union: DraftKings’ missteps, Missouri ballot measure
Welcome to iGB’s State of the Union, a look at the biggest North American sports betting stories we’ve covered over the week and briefs on others we found interesting. DraftKings has ‘no excuse’ to consider surcharge ‘cash grab’ Less than an hour after Flutter’s second-quarter earnings call ended Tuesday, DraftKings announced that after hearing customer...
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How Legal Sports Betting Changed Everything for Players, Fans and More
It’s hard to watch sports these days without thinking about gambling. Every stadium, broadcast and podcast seems to nod to fans with some financial stake in the outcome of a match. Last year, Americans spent almost $120 billion on legal sports bets—a 28% increase from 2022. But we’re just beginning to get our heads around...
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Massachusetts operators hold 10.3% as Bally Bet makes debut
Massachusetts sportsbook operators were the winners in July, according to the Massachusetts Gaming Commission revenue report released Thursday (15 August). The state’s seven mobile operators and three retail operators combined for a 10.3% hold, and handle was up significantly over July 2024. Bally Bet, BetMGM, Caesars Sportsbook, DraftKings, ESPN Bet, Fanatics Sportsbook and FanDuel took...
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Rush Street Interactive won’t join DraftKings in introducing surcharge
Rush Street Interactive has no plans in introducing a surcharge for its players after DraftKings announced its plans to implement a gaming surcharge last Thursday (1 August). Rush Street Interactive’s commitment to customer-centric policies follows DraftKings’ Q2 business update. DraftKings said its plans to “address high tax rates” involved introducing surcharge on winning bets in...