Sportsbooks have been supplied with a fast betting data feed during March Madness in an apparent contravention of the NCAA’s stance against the commercialization of its product for betting purposes, according to evidence seen by Betting USA.
In a bid to expand its content capabilities, daily fantasy and sportsbook icon DraftKings has acquired Vegas Sports Information Network (VSiN). The deal is said to be worth as much as $100 million.
The US sports betting industry has created many rising stars, but few companies have grabbed hold of the US opportunity quite like Kambi. The Sweden-based company is the sports betting supplier to the stars, with a Kambi sportsbook client list that includes DraftKings, BetRivers, and Penn Entertainment.
The rolling effort on the part of the US sports betting and online gambling sector to subsume the UK-listed gambling sector continues after the news that Bally’s Corporation is in the process of acquiring Gamesys in a deal that values the latter at $2.7bn.
This week, Conscious Gaming announced that Golden Nugget Online Gaming (GNOG) is now an official supporter of its innovative PlayPause responsible gambling tool. This multi-state product allows players to self-exclude from online gambling activities across the United States.
The legalization of NCAA sports betting has created some strange bedfellows as anyone or thing with the thinnest tendril connected to sports wants a piece of the pie. One of the more concerning developments on this front is the increasingly common partnerships between sports betting operators and colleges and universities.
In February, VIXIO GamblingCompliance issued a report with results from its US Sports Betting Regulatory Survey. The survey began in November 2020 to review current state and federal policy restrictions that could create a challenge in the industry as the market tries to expand.
Sportradar has announced another acquisition in the United States, further strengthening its sports betting offerings in the US and strengthening the company as it speeds towards an IPO offering. This week, sports data and video analytics company Synergy Sports was acquired by SportRadar, extending the company’s ability to provide betting services to customers in America.
Responding to reports in various media outlets, Flutter Entertainment told investors it is weighing the option of listing part of its online betting company, FanDuel, on a US stock exchange.
It’s time for lawmakers to open their eyes. For whatever reason, states continue to tout legal sports betting as the best way to generate new gambling revenue, even though every shred of evidence points to legal online casinos as the real opportunity.
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