Industry Updates

It’s official. Preparations are underway at DraftKings to pivot to sports betting should the Supreme Court rule in favor of New Jersey in the Garden State’s quest to repeal the federal sports betting prohibition.

The biggest bank in the United States has finally gotten on board with online horse racing betting. After blocking payments to legal US horse racing websites for years, JPMorgan Chase changed its policy earlier this month and has now begun approving deposits made by customers to licensed horse racing betting sites.

Verizon Communications is reportedly eyeing its options regarding sports betting as the Supreme Court weighs a case that could see the activity legalized later this year. If the Supreme Court rules in favor of New Jersey in its challenge of the constitutionality of the national sports betting ban, it will open the doors to legalization…

Note: I am not a financial advisor, tax advisor, lawyer, doctor or rocket scientist. I do know a thing or two about the state of sports betting in the USA, but that’s about it. Today’s post is not advice; it is just me talking about a few stocks I am considering ahead of the Supreme…

The NBA just did the daily fantasy industry a big favor. On Thursday, the NBA announced that it will be integrating a new fantasy scoring system among other new features to make the league more fantasy-friendly for DFS players. Not only will this be convenient for existing fantasy players, but it will also expose basketball…

FanDuel is gearing up for the 2017 NFL season in a big way with the launch of new contest types, new lineup editing tools, new ways to play with your friends and more all within the past month. The latest additions to FanDuel include:

Editors update: ESPN is now actively involved in the sports betting industry after partnering with Penn Entertainment to operate ESPNBet.com The idea that fantasy sports betting is opening the door for the expansion of traditional sports betting may not be the most shocking news ever, but David Pardum of ESPN published an excellent and very…

FanDuel and DraftKings nearly merged before sports betting was legalized, the news came straight from the operators via e-mails sent out by both companies.

Over the last week, ESPN writers David Purdum and Ryan Rodenberg published an incredibly in-depth and well-researched piece that looks at the future of sports betting in the United States. After conducting dozens of interviews over a span of four months, ESPN has put together an extremely detailed look at the likelihood of legalized sports…

America’s largest casino and gambling trade association is all-in on sports betting. The American Gaming Association, which represents the $240 billion US casino industry, has upped its lobbying game this year in full support of legalizing the expansion of sports betting in the United States.