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Buy The Dip On This Sports Betting Stock

Buy The Dip On This Sports Betting Stock

DraftKings (DKNG) has been choppy since its Mar. 27 two-year high of $49.57, with 2.8% post-earnings bear gap on May 3 not helping matters. Last seen down 3.3% to trade at $42.42 and on track for a fourth loss in the last five days, the silver lining is that this pullback has the stock near...

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Sportradar Rides the Sports Betting Trend From Behind the Curtain

Sportradar Rides the Sports Betting Trend From Behind the Curtain

Key Points Sportsradar collects, processes and distributes sports data for leagues like the NFL, NBA, MLB, FIFA and NASCAR, covering nearly a million events annually. Sportsradar supplies sports data and betting odds to sportsbooks like DraftKings, Fan Duel and Caesars Sportsbook. Sportsradar raised its full-year 2024 revenue guidance to $1.15 billion versus $1.14 billion consensus...

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New York Weekly Mobile Sports Betting Revenue Sets Record

New York Weekly Mobile Sports Betting Revenue Sets Record

DraftKings had its biggest week of mobile sports betting action in New York to fuel a state record revenue haul of $70.9 million for the week ending May 12, according to figures released Friday by the state’s gaming commission. DraftKings accounted for more than half the winnings derived from wagers on the state’s nine sports...

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Pennsylvania gaming again breaks $500m milestone

Pennsylvania gaming again breaks $500m milestone

The Pennsylvania gaming industry generated revenue of more than $500m in April but fell just short of the previous month’s record. Some $504.6m (€464.8m/£398.1m) of revenue was recorded for the month, according to figures published by the Pennsylvania Gaming Control Board (PGCB). That was up 5.9% compared to April 2023. The figure was down on...

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FaZe Clan Gets Into Bed With Sports Gambling After Massive Member Purge

FaZe Clan Gets Into Bed With Sports Gambling After Massive Member Purge

FaZe Clan, the massively popular conglomerate of pro gamers, streamers, and online personalities, is trying to reinvent itself after a catastrophic IPO and recent purge of a majority of its members. It’s now partnering with DraftKings to do that, taking $11 million from the sports betting app to explore new “opportunities in content.” Kotaku’s Hopes...

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Sports betting in Arizona and the nation shows no signs of slowing down

Sports betting in Arizona and the nation shows no signs of slowing down

Sports betting has transitioned from an illegal niche activity to an integral part of the modern live sports experience, generating billions in revenue across the United States. (File photo by Michael DeStasio/Cronkite News) PHOENIX – As Tuesday marked the sixth anniversary of sports betting legalization in America due to the landmark 2018 Supreme Court decision...

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Iowa Sports Betting Handle Just Short Of $210 Million For April

Iowa Sports Betting Handle Just Short Of $210 Million For April

Caitlin Clark and the Iowa Hawkeyes may not have won the NCAA Women’s Tournament, but their second straight Final Four appearance likely boosted handle in April. The Iowa Racing and Gaming Commission reported $209.5 million in accepted bets for the month, a year-over-year increase of 21.4% that coincided with a marked increase in exposure for...

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Current Betting Odds for Vasiliy Lomachenko vs. George Kambosos: Moneyline, winning method for Saturday’s bout

Current Betting Odds for Vasiliy Lomachenko vs. George Kambosos: Moneyline, winning method for Saturday’s bout

A blockbuster clash is on the horizon as former three-division champion Vasiliy Lomachenko (17-3, 11 KOs) takes on current IBO lightweight titleholder George Kambosos Jr. (21-2, 10 KOs) on Saturday, May 11. This bout is scheduled for 12 rounds and will get underway at RAC Arena in Perth, Australia. The vacant IBF lightweight championship is...

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Indiana Sports Betting Revenue And Handle Surge In April

Indiana Sports Betting Revenue And Handle Surge In April

The Indiana Gaming Commission reported adjusted gross sports betting revenue of $37.1 million for April on Friday, a year-over-year increase of 26%. Hoosier State operators finished with a 9.4% hold on adjusted revenue, which included close to $2 million in downward adjustments. The year-to-date sportsbook winnings of $168 million are up 23.1% compared to the...

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DraftKings to acquire Sports IQ Analytics

DraftKings to acquire Sports IQ Analytics

DraftKings has agreed a deal to acquire Sports IQ Analytics, a business that uses artificial intelligence and machine learning to provide software solutions to the online sports betting market. Full details of the agreement have not been disclosed, with the acquisition having only been confirmed on LinkedIn by Sports IQ CEO Omer Dor. DraftKings has yet...

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