Sports betting and iGaming growth in North America could eclipse 30% over the coming months, according to the forecasts of one analyst. Chad Beynon, an analyst with Macquarie, a global investment financial group, predicts online revenue growth of 34% in the second quarter. Per Legal Sports Report, that’s up from his previous expectation of 21%...
Tag: DraftKings
Post
Post
DraftKings announces plans for DC sports betting launch
The pool of sports betting operators in Washington, DC got a little bit bigger Tuesday (23 July) when DraftKings announced intentions to launch its platform in the newly opened competitive market. With the addition of DC, DraftKings will have launched in 29 North American jurisdictions. “We would like to thank the DC Council for creating...
Post
DraftKings Plans To Enter Washington D.C. Sports Betting Market
DraftKings will soon enter Washington D.C.’s sports betting market, the operator announced Tuesday. A projected launch date for the popular sports betting app has yet to be shared. Once live, DraftKings will be available in 29 states and jurisdictions across the country. DraftKings secured market access in Washington D.C. through a partnership with D.C. United....
Post
Musburger Media Purchases VSiN, The Sports Betting Network
LAS VEGAS, July 22, 2024 (GLOBE NEWSWIRE) — Musburger Media today announced it has purchased VSiN, The Sports Betting Network (“VSiN”), from DraftKings Inc. (Nasdaq: DKNG). Original VSiN founders Brian Musburger and Bill Adee, who were part of the team that previously launched and led the multi-platform broadcast and content company, will lead it moving...
Post
BetMGM’s $48 Million Deduction Skews Michigan’s June Sports Betting AGR Numbers
The Michigan Gaming Control Board reported -$28.2 million in adjusted gross sports betting revenue for June on Thursday after BetMGM claimed a $48.2 million free play deduction from promotional bonuses and credits. The monstrous deduction — as a point of reference, the state of Pennsylvania reported $43 million in gross revenue earlier Thursday — overshadowed...
Post
Pennsylvania Sports Betting Revenue Totals $43 Million For June
The Pennsylvania Gaming Control Board reported $43 million in gross sports betting revenue for June on Thursday as operators largely maintained their status quo this year with a 9.3% hold. Revenue was up 27% from June 2023, slightly outpacing the 24.5% rise in handle to $464.5 million. Keystone State bettors have wagered more than $4...
Post
Sports Betting is Back in Washington DC
Must be 21+. Please Gamble Responsibly. Gambling problem? Call or Text 1-800-GAMBLER. More on the DC Sportsbook Expansion With the expansion official, we can go into a little more depth about what this means for sports betting in the area. Before this expansion, the sports betting market in DC was a monopoly. The Office of...
Post
Washington D.C. Set to Expand Legal Sports Betting – Latest Updates
Must be 21+. Please Gamble Responsibly. Gambling problem? Call or Text 1-800-GAMBLER. What’s Happening with Sports Betting In DC: The Quick Version As of the time of writing on July 16th, DC has no legal full district sportsbooks. FanDuel has held a monopoly over DC through its partnership with Inralot since April after the city’s...
Post
Citywide Access to Top Betting Apps
New Markets 💸: DC Sports Betting Expansion Exciting betting news for sports bettors in Washington D.C. BetMGM and Caesars have announced their citywide expansion, promising more options and better offers for local betting enthusiasts. This DC Sports Betting Expansion marks a significant shift in D.C.’s online sports betting landscape. It transitions from a previously restricted...
Post
Will Olympics Bring About an Online Betting Bump?
Sportsbooks and daily fantasy operators are reportedly awaiting a bump in Summer Olympics-related betting. As CNBC noted in a report Thursday (July 11), this year’s Paris games will be the first Olympiad since the widespread legalization of gambling in the U.S. The industry anticipates an uptick in betting compared to the last Summer Games in Tokyo, especially for sports...
Post
Washington D.C. Sports Betting Market Set To Expand On July 15
After years of using GambetDC, Washington D.C. sports bettors will have widespread online access to multiple sports betting apps beginning Monday. BetMGM shared Wednesday that it will launch its betting app across the District — not just in a two-block radius around its retail sportsbook at Nationals Park — on Monday at noon ET. BetMGM...
Post
9 Copa America Sports Betting Promos & Welcome Offers for Argentina-Canada, Any Game
As Copa America begins the semifinal stage, you can sign up for leading sports betting apps and place wagers for bonus value on Argentina vs. Canada, Uruguay vs. Colombia or any other soccer market. These books include FanDuel and DraftKings are offering welcome promos for new bettors. So, if you haven’t bet before or are...