If you’re having trouble understanding the Penn National-Barstool deal don’t worry, you have plenty of company. In an industry full of mergers and acquisitions (many measured in billions-of-dollars), Penn National’s acquisition of a minority stake in Barstool Sports is getting a lot of attention, thanks to the peculiarity that is Barstool Sports.
There may soon be little the legal US sports betting market feels it can learn from the European experience, but one of the few areas where it can still look for informed guesses about the future direction of the market is in the area of free-to-play games.
2020 began with new revenue records for New Jersey’s online casino and sports betting industries. All told, in January, online sports betting, online casino games, and online poker generated over $100 million, a first for the industry.
They had plenty of bills to choose from, but the Virginia House and Senate are moving forward with similar, but not identical casino bills, as well as similar, but not identical sports betting legislation and online lottery legislation.
Long considered a junk lawsuit, the latest ruling in a case challenging New York’s daily fantasy sports law has placed the law and the New York DFS industry in serious jeopardy. More troubling, the basis of the case could have far-reaching ramifications for other states that have recently legalized online gambling.
In a guest column, Corridor Consulting’s John Pappas provides a helpful reminder that the absence of legal online gambling doesn’t stop people from gambling online.
As ICE week progresses, attention turns to the London Affiliate Conference that takes place just down the hall from the main show at the ExCel Center.
This is a developing story and BettingUSA will provide updates here as more becomes known.
The US sports betting industry closed out 2019 with a strong showing in December. All told, the legal US sports betting markets tallied an impressive $13 billion in handle for the year, according to a press release from the American Gaming Association.
Licensed sportsbooks in two states are ready to take wagers on the 2020 Oscars after receiving the approval of their respective gaming regulators.
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