Legal
Bullish 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 MoreFour States That Might Legalize Sports Betting In 2022
Massachusetts began a legal sports betting study. A sports betting bill has been introduced to Missouri lawmakers. An Ohio bill is one Governor signature away from being implemented. LAS VEGAS – The US saw a handful of states launch their own regulated sports betting markets in 2021 building the expectation for a large 2022 season…
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 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 MoreThird Sports Betting Ballot Proposal Filed In California
The California Solutions To Homelessness and Mental Health Support Act was filed on August 31, and – if approved – would be on the ballot for the 2022 elections. The ballot measure is the third regarding sports betting to be filed in California; one proposal is already slated to be on the ballot. SACRAMENTO, Calif.…
Read MoreMaryland Lawmakers Discuss The Potential For In-State iLottery
An iLottery may be in Maryland’s future as the topic has been brought up to the House Ways and Means Committee. With other gaming revenue reaching all-time lows, the Maryland Lottery is expected to go over the estimated $571 million in revenue for the year. BALTIMORE – As Maryland’s budget deficit continues to grow higher…
Read MoreGameCo Approved To Bring Video Game Gambling In NJ
GameCo has a license from the New Jersey Division of Gaming Enforcement to release its products to online and land-based casinos and sportsbooks in the state. The emphasis on video gambling will bring in a younger audience for the country. There are head-to-head contests that will be available in NJ casinos as GameCo products grow…
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