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.
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.
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.
An investor presentation is always likely to contain some optimistic scenarios, but an online showcase from DraftKings last week appeared to contain a doubtful assumption on future DraftKings marketing spend.
Ted Leonsis said what was to be expected about his excitement over the sports-betting opportunity in a recent interview. But it was his comments about esports betting that are perhaps more informative.
An important and telling insight can be gleaned from the ten days of sports betting and online gambling data released by the Michigan Gaming Control Board for the newly regulated market in late January. That insight is, between them, the top four competitors – in order of handle FanDuel, DraftKings, Barstool, and BetMGM – controlled…
The news that the NHL is taking a small stake in PointsBet to accompany the marketing partnership announced last week raised eyebrows among observers. The announcement regarding the multi-year official betting partnership is itself far from unique. PointsBet is now the fourth official sports betting partner for the NHL after signing deals in late 2019…
There was a palpable level of excitement when a fund from ETF provider ARK made its debut investment in betting and gaming last week via a small-ish slug of DraftKings stock. The news helped send the DraftKings share price up 9% on Tuesday.
The tale of GameStop, and how a Reddit army managed to roil the financial markets raises all manner of issues for financial regulators and poses some questions for the legislators regarding attitudes to online gambling.
Scott’s Take: Taking advantage of the opportunities afforded by the expansion of sports betting and online gambling in the USA is dependent on one key factor – market access. As was shown in mid-December by the deal announced by Penn National to buy back the Hollywood Casino Perryville in Maryland, having automatic access to a…
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