According to the latest American Gaming Association research report, sports betting operations saw a 47% year-over-year revenue increase in the third quarter of the year, providing states with some much-needed revenue as they continue to deal with COVID-19 outbreaks.
It appears Massachusetts sports betting efforts are only mostly dead in 2020. That new categorization comes after an unlikely coalition of local professional sports teams, the PGA Tour, and gambling operators sent a letter to Massachusetts lawmakers making a case for legal sports betting in the Bay State.
After watching its neighbor to the east set sports betting and online casino records in October, Pennsylvania followed New Jersey’s lead. According to the latest revenue reports from the Pennsylvania Gaming Control Board, the Keystone State set records on several fronts:
Finding diamonds in the rough. That was Billy Beane’s approach as the general manager of the Oakland Athletics. Bally’s Corp, previously known as Twin River Holdings, appears to be taking a similar approach to online gambling and sports betting in the US.
It’s no secret that gambling revenue has nosedived across the globe during the COVID-19 pandemic. In fact, it’s been one of the hardest-hit sectors, rivaling the automotive and travel industries, according to analysts at H2 Gambling Capital.
When Illinois entered the legal sports betting scene in March 2020, analysts weren’t quite sure how neighboring Indiana’s market would hold up. The big concern was, would Indiana lose a significant number of online sports bettors once Chicagoans could place their bets at home rather than make a short trip across the border? So far,…
Twin River’s rebrand to Bally’s is complete, and the new Bally’s just increased its brand presence exponentially. Bally’s Crop entered into an agreement with Sinclair Broadcast Group to rebrand 21 Fox regional sports networks under the Bally’s name.
It’s been over two years since the Supreme Court’s landmark ruling paved the way for states to determine their sports betting destiny. Despite more than half of US states legalizing sports betting, some US banks and credit card issuers are still not on board. According to an article in American Banker, many banks continue to…
When people think of US sports betting, they think of companies like DraftKings, FanDuel, BetMGM, and the myriad of other forward-facing brands that comprise the US’s retail and online sportsbooks. What gets overlooked are the suppliers and B2B companies that power those sportsbooks. These are the engines that make the sports betting racecar run. One…
On Monday, FanDuel Group announced plans to make “a multi-million-dollar” investment into Fairmount Park Racetrack in Collinsville, Illinois. In a press release, FanDuel Group said its plans include revitalizing the track, introducing new horse racing events, constructing a retail sportsbook at the track, and rebranding the venue as FanDuel Sportsbook and Horse Racing.
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