Finance

17th September 2021

Fantasy app Sleeper closes new $40m fundraising round

Fantasy sports group Sleeper has closed a $40m (€34.0m/£29.0m) fundraising round after doubling its user base so far during 2021. The round featured all prior…

17th September 2021

New Jersey sports handle passes 2020 total in August

New Jersey has generated more sports betting wagers so far this year than the whole of 2020, with the state breaking the $6bn mark by…

14th September 2021

Detroit casino revenue dips to $113.8m in August

Michigan’s three commercial casinos in Detroit brought in a combined $113.8m in revenue in August, down 2.7% from July. The figure was up 64.2% from…

14th September 2021

Sporttrade taps Nasdaq for trading integrity tech

Betting exchange Sporttrade is to utilize Nasdaq technology to identify irregularities and unusual behavior on its soon-to-be-launched sports betting and trading platform. The operator said…

14th September 2021

Indiana records year-on-year betting revenue and handle increases

The state of Indiana achieved sports wagering revenue figures of $16.5m for the month of August, representing a 68.4% increase on the same period last…

10th September 2021

Illinois records month-on-month revenue decrease as handle falls

The state of Illinois has recorded sports betting revenue of $37.6m for July, representing a 20.8% decrease from June’s total.  Overall handle collected in July…

10th September 2021

Audit finds DC Lottery sports betting app “fails to meet expectations”

An audit carried out by the Office of the District of Columbia Auditor (ODCA) has concluded that the DC Lottery’s sportsbook product GamBet has performed…

9th September 2021

Underdog Fantasy to expand into betting with GOAT Gaming acquisition

Fantasy sports platform Underdog – which is backed by a number of high-profile names in US sport – has acquired sportsbook technology platform GOAT Gaming,…

8th September 2021

Stock-based costs cause Genius losses to rocket in H1

Data supplier Genius Sports saw revenue grow 76.3% to $109.6m in the first half of 2021, but net losses shot up to $464.2m because of…

8th September 2021

Oregon sports betting revenue falls in August

Oregon’s SBTech-powered betting app Scoreboard brought in a revenue of $1.0m in August, a month-on-month decrease of 51.0% and down 42.1% year-on-year. Handle came to…

7th September 2021

Esports Entertainment invests in Game Fund Partners’ VC arm

Esports Entertainment Group (EEG) has entered into a partnership with Game Fund Partners to become part of its venture capital arm, and a planned $300m…

3rd September 2021

BCLC reports 61.8% fall in revenue for 2020-21 fiscal year

Canadian provincial lottery operator British Colombia Lottery Organization (BCLC) has reported a revenue of CAD$965.6m (£556.5m/€648.4m/USD$770.2m) in its 2020-2021 results ending March 31 2021. This…

3rd September 2021

Delaware sports betting slump continues in July and August

Results published by the Delaware Sports Lottery show that sports betting revenues in the state remained low over July and August, with both months’ figures…

3rd September 2021

DoubleDown Interactive closes $113.7m initial public offering

DoubleU Games subsidiary DoubleDown Interactive raised $113.7m via an initial public offering (IPO) on the Nasdaq exchange in the US, just short of its expectations.…