Ten Years. It’s been ten years since the US Department of Justice seized the websites and froze the financial accounts of PokerStars, Full Tilt Poker, Absolute Poker, and UB (nee Ultimate Bet) and, in the process, flipped the entire online poker world on its head.
As the NFL announces a trio of official sponsorship deals with Caesars, DraftKings, and FanDuel, a key phrase in the legislation in four regulated states for official data mandates could yet have a central role in what the sportsbooks end up paying for NFL data.
Few people had a better view of poker’s Black Friday than Eric Hollreiser, and few people are better qualified to talk about one of the most pivotal moments in online poker history and its ongoing impacts.
Andrew Carnegie isn’t a name often associated with the world of online gambling. However, the noted ‘Gilded Age’ Scottish-American industrialist would surely have appreciated the recent attempt by DraftKings to own the media, which it was previously willing to be merely a customer.
TransUnion, one of the nation’s three major consumer credit reporting agencies, announced Wednesday its plans to enter the US gambling market. According to a press release, its subsidiary, TransUnion Gaming Services LLC, will provide identity, fraud, and marketing solutions to various operators across the country.
With legal sports betting spreading across the country, a federal excise tax placed on legal sports wagers in the 1950s could be going by the wayside. The quarter-percent “handle tax” on legal sports wagers (and 2% on illegal wagers) was initially enacted “to facilitate the enforcement of state criminal laws against gambling.”
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.
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