DFS From DraftKings Trails Out Of Oregon For Sportsbook Hopes

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DraftKings is expected to become the official sportsbook of the Oregon Lottery at some point in the future. “Scoreboard” is the official sports betting platform offered by the lottery and powered by SBTech software but SBTech was bought out by DraftKings in 2020. Until DraftKings becomes a sports gaming application in Oregon, they have ceased…

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FanDuel IPO Delayed Amidst Multiple Controversies

Flutter

FanDuel was prepared to launch an IPO, but those plans have changed. The proposed IPO will be delayed amidst the departure of CEO Matt King. FanDuel is currently involved in a court case with Fox Corporation regarding the price of a stake in the company. LAS VEGAS – FanDuel, one of the largest sports betting…

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Illinois Sees Sports Betting Handle And Revenue Dip In May

Illinois Sportsbook

Sportsbooks in Illinois saw $507.3 million wagered on sports in May. This is a 5.6% decline month over month. Sports betting revenue is also down a whopping 17%. SPRINGFIELD, Ill. – Sportsbooks in Illinois saw a slight decline in sports betting activity in May compared to April’s strong numbers. Sports betting revenue is also down…

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Michigan Online Gambling Climbs Up The Ranks In March

Michigan Online Gambling

Michigan online gambling in March has totaled $95.1 million in revenue. Michigan online revenue fell short of Pennsylvania in March. DETROIT — After launching in January of 2021, the Michigan online gambling market has gone nowhere but up as they have reported a revenue for online gambling of $95.1 million in the month of March…

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Maryland Could Focus On Small Businesses With Sports Betting Bill

Maryland Sports Betting

Maryland is set to legalize sports betting this legislative session. Their bill will also allow for small businesses and minority-owned businesses to participate in the market. If passed with such a clause, it will be the first in the nation. LAS VEGAS – Maryland’s sports betting legalization process has begun to explicitly include women and…

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Online Michigan Sports Betting and Gambling Launches Friday

Sports Betting Screen

Michigan has authorized nine gambling operators to launch online sports betting and online gaming throughout the state on Friday. FanDuel, DraftKings, BetMGM, and Barstool Sportsbook are among the nine gambling operators launching in Michigan. Online sports betting in Michigan will be taxed at a rate of 8.4% while online gaming will be taxed between 20-28%.…

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FanDuel Set To Invest Millions In Fairmount Park Racetrack

Fairmount Park - FanDuel

The investment will rename Fairmount Park to FanDuel Sportsbook and Horse Racing along with other improvements to the track. This is FanDuel’s first investment in a racetrack as a company and could be the first of many investments of this nature. FanDuel’s investment in Fairmount Park will also bring back the St. Louis Derby which…

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The Denver Broncos Entertain Groundbreaking Sports Betting Deals

FanDuel - Denver Broncos

The Broncos and FanDuel partnership mark the first time an NFL team and sports betting company have partnered. FanDuel will be the official sports betting and daily fantasy sports partner for the Denver Broncos. The Denver Broncos also recently agreed to a deal with the Betfred group which is a betting company based in England.…

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Can Flutter Take Over As The Premier Online Gambling Company?

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Flutter is the parent company of FanDuel as well as other internet betting companies like Betfair, Paddypower, and the Stars Group. FOX has already invested in one of Flutter’s smaller companies before. This move will allow Fox to acquire up to 18.5% of stake in FanDuel. NEW YORK — Flutter Entertainment recently announced that they’ll…

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