Sports betting
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.…
Sports betting revenue falls in VA despite handle increase in June
The Virginia Lottery reported a 40.9% year-on-year decline in sports betting revenue in the state during June, despite a 25.7% increase in player spending. Handle…
BetRivers launches retail sportsbook in Maryland
Rush Street Interactive (RSI) has partnered with Bingo World to launch the BetRivers retail sportsbook in Maryland today. The 3,000 square foot sportsbook features 12…
Rhode Island betting handle surpasses $500m in 2021-22
Consumers in Rhode Island spent more than $500m on sports betting during the 2021-22 financial year, while the US state’s betting revenue amounted to $39.7m.…
Nevada gambling revenue reaches record $14.6bn in 2021-22
Nevada set a new gambling revenue record of $14.63bn in the 2021-22 financial year, while revenue in the state surpassed $1.0bn for the 16th consecutive…
Sports IQ to provide Tipico with “Big Four” player props
Player props supplier Sports IQ has signed an agreement with German betting giant Tipico that will allow Tipico to use its pre-game and in-play prop…
Underdog raises $35m to pursue sports betting
Paid fantasy sports operator Underdog has raised $35.0m (£29.0m/$34.5m) during a Series B funding round to support its plans to expand into sports betting. The…
Louisiana online sports betting handle declines again in June
Consumers in Louisiana spent $113.7m betting on sports online in June, the lowest monthly total since the opening month of the US state’s legal market…
TheScore Bet rolls out in-house sportsbook risk and trading platform
theScore Bet, a subsidiary of Penn National Gaming, has launched its proprietary in-house risk and trading platform, as it shifts to an in-house technology stack. The…