Sports betting
CDI sells 49% stake of United Tote subsidiary to New York Racing Association
Churchill Downs Incorporated (CDI) has entered into an agreement to sell 49% of its United Tote Company subsidiary to the New York Racing Association (NYRA).…
Collaboration is key to North American esports betting
Esports betting in North America clearly offers a huge amount of potential, but almost all of this has so far been untapped. Pandascore head of…
IGT scores sports betting deal with Washington’s Nisqually Red Wind Casino
International Game Technology (IGT) has signed a multi-year sports betting partnership with Nisqually Red Wind Casino in Washington State. Under the deal, the Nisqually Red…
Massachusetts Governor signs sports betting bill into law
Massachusetts Governor Charlie Baker has signed into law a bill legalizing and regulating sports betting in the US state. House Bill 5164 will permit any…
BetMGM becomes official partner of NFL in Canada
Entain-MGM joint venture BetMGM has agreed a deal that will make it an official sportsbook partner of the National Football League (NFL) in Canada. The…
Influencer Jake Paul and Simplebet co-founder raise $50m for micro-betting site
Simplebet co-founder Joey Levy and social media personality Jake Paul have launched Betr, a new micro-betting company, with $50m in funding. Levy will act as…
Massachusetts commissioners: legal betting is “going to take some time”
Massachusetts gaming commissioners have warned that the launch of legal sports betting in the state may take longer than expected, as they prepare to create…
Higher stakes drive July sports betting revenue growth in Iowa
An increase in consumer spending on sports wagering in Iowa led to a year-on-year rise in revenue in the US state during July. Players bet…
Oregon sports betting revenue and handle both up in July
Sports betting gross gaming revenue and handle in Oregon both increased year-on-year in July, according to the latest figures published by the Oregon Lottery. Consumers…
NY online betting handle drops below $1bn for first time in July
New York’s online sports betting handle fell to an all-time low in July, falling below $1bn for the first time since the US state opened…
DraftKings reduces loss for first time in Q2
DraftKings has raised its earnings guidance for the year after its net loss declined on a year-on-year basis for the first time since going public,…
FuboTV gaming business under strategic review with negative revenue
Streaming provider FuboTV will implement a strategic review of its betting arm, after determining that it could not operate the business alone in the current…
Penn changes name, outlines plans for recession
Penn National Gaming has rebranded to Penn Entertainment and outlined actions it may take – including potential layoffs – in the event economic conditions hurt…
DC sports betting revenue and handle down in June
Washington DC’s sports betting gross revenue and handle both declined year-on-year in June despite an increase in the number of operators active in the market.…