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...
Tag: online sports betting
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1724660925-0/Untitled-design-(11)1724660925-0.jpg "Sports betting in US causing financial constraint in low-income households | The Express Tribune")
Sports betting in US causing financial constraint in low-income households | The Express Tribune
Listen to article A new study recently revealed that the rapid growth of online sports betting in the United States is disproportionately affecting financially constrained households. The research highlights the adverse effects of this booming industry on low-income Americans. NBC News reports that online sports betting has skyrocketed from an average of $1.1 billion per month in...
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Sports betting is soaking ‘financially constrained’ households
This story was originally published by CommonWealth Beacon. While political leaders and policymakers voice concerns about the large number of families living on the financial edge, often extolling the value of various government-sponsored savings plans, they have simultaneously legalized sports betting, embracing an industry that is directly undermining the goal of saving for the future. That’s...
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Study: Lower-income gamblers take more risks online
A study of more than 700,000 North American online gamblers released Tuesday (23 July) reveals that 96% of respondents lose money and that lower-income gamblers are more “irresponsible” with their gambling spending than higher-income gamblers. Researchers at UC-San Diego’s Rand School of Management took a comprehensive look into gambling habits and how legal online betting...
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How to Bet on the Open Golf in California 2024: CA Sports Betting Sites
Despite several attempts to get sports betting (online and retail) legalized, it remains banned in the state of California – and it’s expected to remain this way till at least 2026. This is why many California residents over the years have turned to the trusted US offshore sports betting sites – as they are based...
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Virginia wagering operators see 24.6% year over year revenue growth in May
Sports betting operators in Virginia had a stunning May, earning $60m in adjusted gross revenue as compared to $42.5m in May 2023. Those betting in the state laid down $505.6m, a 25.2% increase against the same month last year. Handle and revenue were down for Virginia wagering operators against April, but that is consistent with...
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Bally Bet to launch 2 July in Massachusetts; VSC goes live in Maryland
The Massachusetts Gaming Commission Monday (1 July) announced that Bally Bet has plans to launch Tuesday (2 July). The commission approved Bally’s application for its operations certificate, clearing the way for that launch. The MGC revealed that Bally Bet plans to launch at 11AM local time Tuesday. Bally Bet has had its temporary licence for...
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Southern Ute and Ute Mountain Ute tribes looking to offer online sports betting, facing pushback from State
GRAND JUNCTION, Colo. (KKCO) – The Southern Ute and Ute Mountain Ute tribes want to offer online sports betting, but a dispute with the state is hindering their efforts. Some fear allowing tribal remote sports betting could divert tax revenue from crucial water projects. Currently, Colorado’s sports betting law caps state tax revenues at $29...
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Yield Sec projections: Illegal market still has strong hold on US gamblers
Using predictive analytics, Yield Sec earlier this month released a special report projecting that even as legal sports betting proliferates across the US, the black market still dominates. According to the report, the black market made up 65% of all wagering GGR in the US. In 2023, according to the report, of the predicted total...
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International online sports betting racket busted
BHOPAL: The Madhya Pradesh police unearthed an international online sports betting racket in Ujjain and seized around Rs 15 crore cash, police said on Friday. According to the police, the volume of notes was so huge (perhaps the biggest ever in an online betting racket in the state) that note-counting machines had to be pressed...
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Google’s Algorithm Tweaks Are Present Challenge, Future Chance For Gambling.com
Strong demand across all of its markets drives sales of digital marketing services provider Gambling.com (GAMB) to a Q1 record and sets it up for even stronger results despite a temporary search-engine headwind. NurPhoto via Getty Images The first thing you need to know about Gambling.com (GAMB) is that, contrary to its name, it’s not...
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Online Gambling Global Market Report 2024-2033, with Key Player Profiles for Flutter Entertainment, Bet365 Group, Entain, Kindred Group and Betfred
Dublin, June 10, 2024 (GLOBE NEWSWIRE) — The “Online Gambling Global Market Opportunities and Strategies to 2033” report has been added to ResearchAndMarkets.com’s offering. The global online gambling market reached a value of nearly $88.7 billion in 2023, having grown at a compound annual growth rate (CAGR) of 10.4% since 2018. The market is expected...
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