Posts by Jerad Paparella
Promotional Spending Pays Early Dividends For NY Sportsbooks
Caesars Sportsbook staked their claim as New York’s mobile sportsbook market leader shortly after launch, largely as a result of unprecedented promotional spending. While this promotional spending allowed Caesars to capture a large sector of market share, a new report indicates that high promotional spending may be a death sentence for the market. ALBANY, N.Y.…
Read MoreBullish Morgan Stanley Memo Boosts DraftKings Stock
Investment firm Morgan Stanley released a memo on DraftKings’ stock on Wednesday, upgrading its standing from “equal weight” to “overweight”. DraftKings is set to see another substantial bump in stock price in 2022, with New York’s mobile sportsbook launch providing a huge boost to DraftKings’ revenue figures, among other factors. BOSTON – After a rough…
Read MoreNY Sports Betting Apps Expected 3 Weeks Before Super Bowl 56
New York’s mobile sports betting is expected to launch the second or third week of January, according to New York State senator Joe Addabbo Jr. Addabbo says that most of the nine licensed sportsbooks will be ready to launch at that time, though some may launch with a slight delay. ALBANY, N.Y. – New York…
Read MoreGov. Pritzker Signs HB 3136, Changes Illinois Sportsbook Laws
Illinois Governor J.B. Pritzker signed HB 3136, a bill that creates significant changes to Illinois’ sports betting industry, into law on Friday. The signing will result in notable changes including allowing remote sportsbook account registration and the lifting of the ban on wagers on in-state college teams, among others. SPRINGFIELD, Ill. – Illinois Governor J.B.…
Read MoreOhio Sports Betting Bill Passes Legislature, Awaits Governor’s Signature
Ohio is set to be the newest state with a legal sports betting industry after the state legislature passed HB 29, a sports betting bill, on Wednesday. The bill, which calls for at least 40 land-based sportsbook licenses and 25 mobile sportsbook licenses, currently awaits Governor Mark DeWine’s signature. COLUMBUS, Ohio – After years of…
Read MoreSeminole Hard Rock Sportsbook App Suspends Operations
The Seminole Tribe has suspended all operations for their Hard Rock Sportsbook app in the state of Florida. The suspension comes after the U.S. District Court ruled that the updated Florida-Seminole Gaming Compact violates the IGRA and is therefore void. TALLAHASSEE, Fla. – After operating for just over a month in the state of Florida,…
Read MoreWashington Tribal Sportsbooks On Pace To Be A $100m Industry
Washington’s tribal sportsbooks are on pace to become a near-$100 million industry, according to a new study by Washington State University’s School of Hospitality Business Management. The study also indicated that an impressive 14% of the population is expected to participate in the budding sports betting industry, a very good sign for future revenue figures.…
Read MoreSports Betting Revenues Up Across Nation Compared To 2020
Every state with a legalized sports betting industry, with the exception of Oregon, saw an increase in sports betting revenue in September 2021 compared to September 2020. Michigan and Colorado saw the largest increases in sports betting revenue, with Michigan seeing a 520.1% increase and Colorado a 443.9% increase. TALLAHASSEE, Fla. – Seventeen of the…
Read MoreSeminole Hard Rock Becomes First Online Sportsbook In Florida
The Seminole Tribe of Florida launched their Hard Rock Sportsbook on Monday without any prior warning in press releases or promotional materials. The surprise launch comes just before an important court hearing on Friday which will rule on the legality of the tribal compact’s mobile sports betting provision. TALLAHASSEE, Fla. – Florida has become the…
Read MoreBest Week 8 NFL Bets 2021 – Spreads + Player Props
The Dallas Cowboys are 6-0 against the spread this year but are still 3 point underdogs against the Minnesota Vikings this week, providing great value for bettors. Mike Gesicki has gone over on his receiving yards prop in six consecutive weeks, and he has a 47 yard receiving prop this Sunday against the Bills. MINNEAPOLIS…
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