An epic heavyweight showdown is upon us as Deontay Wilder (43-3-1, 42 KOs) and Zhilei Zhang (26-2, 21 KOs) are scheduled for 12 rounds this Saturday, June 1. The bout will serve as main event of the 5v5: Queensberry vs. Matchroom event. Live coverage begins at 2 p.m. ET on DAZN PPV with Wilder and...
Tag: DraftKings
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DraftKings, Flutter Shares Tumble on Illinois Sports Betting Tax Hike
A budget agreement that will nearly triple the tax on some sports bets in Illinois roiled shares of the major sports books operating in the state, sending shares of DraftKings down as much as 14% during trading Tuesday, while competitor Flutter, owner of FanDuel, plunged 8%. Officials in Illinois agreed on a fiscal 2025 budget,...
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DraftKings Stock Hobbles To Worst Day Since 2022 On Illinois Tax Fears
Topline Bets on sports betting giants came up short Tuesday, as shares of gambling market dominators DraftKings and FanDuel tanked as Illinois closed in on a significant increase on the tax rate facing the companies’ operations in the state. Tuesday was an icy day for DraftKings investors. Getty Images Key Facts DraftKings stock nosedived 11%...
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Buy The Dip On This Sports Betting Stock
DraftKings (DKNG) has been choppy since its Mar. 27 two-year high of $49.57, with 2.8% post-earnings bear gap on May 3 not helping matters. Last seen down 3.3% to trade at $42.42 and on track for a fourth loss in the last five days, the silver lining is that this pullback has the stock near...
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Sportradar Rides the Sports Betting Trend From Behind the Curtain
Key Points Sportsradar collects, processes and distributes sports data for leagues like the NFL, NBA, MLB, FIFA and NASCAR, covering nearly a million events annually. Sportsradar supplies sports data and betting odds to sportsbooks like DraftKings, Fan Duel and Caesars Sportsbook. Sportsradar raised its full-year 2024 revenue guidance to $1.15 billion versus $1.14 billion consensus...
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Current Betting Odds for Tyson Fury vs. Oleksandr Usyk: Moneyline, winning method for undisputed heavyweight bout
A pair of heavyweight boxing titans take the ring as Tyson Fury (34-0-1, 24 KOs) and current unified champion Oleksandr Usyk (21-0, 14 KOs) meet on Saturday, May 18. This bout is scheduled for 12 rounds and will get underway at Kingdom Arena in Riyadhi, Saudi Arabia. ESPN+ and DAZN are set to have live...
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New York Weekly Mobile Sports Betting Revenue Sets Record
DraftKings had its biggest week of mobile sports betting action in New York to fuel a state record revenue haul of $70.9 million for the week ending May 12, according to figures released Friday by the state’s gaming commission. DraftKings accounted for more than half the winnings derived from wagers on the state’s nine sports...
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Pennsylvania gaming again breaks $500m milestone
The Pennsylvania gaming industry generated revenue of more than $500m in April but fell just short of the previous month’s record. Some $504.6m (€464.8m/£398.1m) of revenue was recorded for the month, according to figures published by the Pennsylvania Gaming Control Board (PGCB). That was up 5.9% compared to April 2023. The figure was down on...
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FaZe Clan Gets Into Bed With Sports Gambling After Massive Member Purge
FaZe Clan, the massively popular conglomerate of pro gamers, streamers, and online personalities, is trying to reinvent itself after a catastrophic IPO and recent purge of a majority of its members. It’s now partnering with DraftKings to do that, taking $11 million from the sports betting app to explore new “opportunities in content.” Kotaku’s Hopes...
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Sports betting in Arizona and the nation shows no signs of slowing down
Sports betting has transitioned from an illegal niche activity to an integral part of the modern live sports experience, generating billions in revenue across the United States. (File photo by Michael DeStasio/Cronkite News) PHOENIX – As Tuesday marked the sixth anniversary of sports betting legalization in America due to the landmark 2018 Supreme Court decision...
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Current Betting Odds for Vasiliy Lomachenko vs. George Kambosos: Moneyline, winning method for Saturday’s bout
A blockbuster clash is on the horizon as former three-division champion Vasiliy Lomachenko (17-3, 11 KOs) takes on current IBO lightweight titleholder George Kambosos Jr. (21-2, 10 KOs) on Saturday, May 11. This bout is scheduled for 12 rounds and will get underway at RAC Arena in Perth, Australia. The vacant IBF lightweight championship is...
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DraftKings to acquire Sports IQ Analytics
DraftKings has agreed a deal to acquire Sports IQ Analytics, a business that uses artificial intelligence and machine learning to provide software solutions to the online sports betting market. Full details of the agreement have not been disclosed, with the acquisition having only been confirmed on LinkedIn by Sports IQ CEO Omer Dor. DraftKings has yet...