DraftKings has signed a deal to become the WNBA’s second sports betting and daily fantasy sports partner, alongside FanDuel. The partnership includes increased media exposure and access to league data, amidst the league’s rising ratings and merchandise sales.
Category:
Industry News
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Winning for Missouri Education, the state’s political action committee tasked with getting the required signatures on a ballot initiative to bring mobile sports betting to the Show Me State has submitted nearly double the required signatures and is now waiting for certification from the Secretary of State’s office before the referendum goes to the voters.
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Standard General has been trying to fully acquire Bally’s for several years and its perseverance finally paid off as its subsidiary, Queen Casino & Entertainment Inc., will now merge with the Rhode Island-based gaming company.
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Although Maryland was considered one of the most likely online casino gambling destinations, it has subsequently stalled in the legislature and won’t be considered again until 2026 which means the earliest launch would come at some point the following year.
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DraftKings has sold VSiN back to its original founders, Musburger Media, after acquiring it in 2021. Despite the sale, DraftKings will maintain an advertising relationship with the sports betting network. The move reflects shifting strategies in the evolving U.S. sports betting market.
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FanDuel breaks records in New York with 10 consecutive weeks of double-digit holds, ending on July 14th. They reported a 12.7% win rate from $117 million in wagers. DraftKings and FanDuel dominate the market, capturing over 74% of the weekly handle and revenue.
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Pennsylvania’s gaming industry has soared to new heights after the Pennsylvania Gaming Control Board (PGCB) released figures from last fiscal year noting that the state made over $2.5 billion in taxes from gambling in the state.
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After President Joe Biden announced he would no longer seek reelection, offshore betting sites like BetOnline have installed Vice-President Kamala Harris as the top Democrat to defeat the favorite, Donald Trump, and claim the White House after the 2024 presidential election in November.
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Pittsburgh Pirates infielder Tucupita Marcano Has been handed a lifetime ban by Major League Baseball Commissioner Rob Manfred, and Pirates owner, Robert Nutting, believes that was the right decision.
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Nevada casinos now issue vouchers for change under a dollar, leading to millions in unclaimed funds benefiting the state and casinos. Many gamblers skip redeeming these vouchers, and while some casinos donate to charity, unclaimed amounts significantly boost state and casino revenues.
