Finance

12th March 2021

FanDuel takes top spot as Indiana sportsbooks bring in $17.0m in February

Indiana’s regulated sports betting market saw handle increase 31.6% year-on-year to $273.9m in February, a growth of almost $100m, although both revenue and handle dipped…

12th March 2021

Tennessee sports wagers surpass $211m in January

The Tennessee Education Lottery has reported further growth within the state’s sports betting market in January, with handle having reached a record $211.3m for the…

11th March 2021

Churchill Downs to raise $500m through notes offering and term loan

Racing and gaming operator Churchill Downs Incorporated (CDI) aims to raise more than $500m through a combination of a term loan and an offering of…

11th March 2021

Online casino drives RSI revenue growth in 2020

Rush Street Interactive (RSI) saw net revenue rocket 337% year-on-year in 2020, with casino significantly outperforming sports betting in key markets.   However, an increase…

11th March 2021

NeoGames’ inaugural results reveal 48.8% revenue growth in 2020

NeoGames’ first set of financial results as a publicly listed business show the lottery solutions provider’s revenue grew 48.8% year-on-year in 2020, aided by significant…

11th March 2021

Skillz revenue up 92% in 2020 following public listing

Mobile multi-player gaming platform Skillz has released its fourth quarter and full year 2020 financial results, showing revenue of $230.1m for the year, up 92%…

11th March 2021

Illinois breaks sports betting revenue and handle records in January

Illinois’s sports betting handle reached a record $581.6m in January, while the US state also saw revenue reach an all-time high of $49.4m during the…

10th March 2021

Everi swings to loss in 2020 after revenue decline in all segments

Gaming and financial technology business Everi saw revenue drop 28.8% to $383.7m in 2020 after seeing revenue from all channels decline, including a sharp drop…

10th March 2021

Caesars set to complete William Hill acquisition by 1 April

Caesars expects to complete its proposed acquisition of William Hill by 1 April after the bookmaker confirmed all necessary regulatory approvals should be obtained in…

9th March 2021

DraftKings pledges $350,000 International Women’s Day donation

Sports betting giant DraftKings has pledged to donate up to $350,000 to nonprofit organizations across the United States which promote female-owned small businesses and female…

9th March 2021

DraftKings ups long-term EBITDA guidance to $1.7bn

DraftKings has upped its long-term earnings before interest, tax, depreciation and amortisation (EBITDA) guidance from $1bn to $1.7bn, following strong igaming results in 2020. The…

9th March 2021

BettHouse launches new funding round ahead of US debut

Start-up online sports betting operator BettHouse has announced a new funding round ahead of its launch in the US market. BettHouse has secured market access…

9th March 2021

Full House returns to profit despite Covid-19 impact in 2020

US land-based casino operator Full House Resorts has revealed that despite its properties having been impacted by novel coronavirus (Covid-19) closures and restrictions in 2020,…

8th March 2021

Iowa sports betting revenue rockets 920.5% YoY in February

The Iowa Racing and Gaming Commission has reported a 920.5% year-on-year increase in sports betting revenue in February, though both revenue and handle were down…