A minor injury made Carles Gil a surprise omission from the New England Revolution starting lineup … [+] on Sunday night, in the first Revolution game since mobile sports betting launched in Mas...
Tag: Sports Betting
DraftKings Reports Earnings Thursday. Analysts Are Worried About 2023.
DraftKings reported stronger than expected revenue and raised its outlook for 2023. Its business is getting a boost as more states legalize sports gambling. The gambling firm reported fourth quarter r...
Who Will Win the Super Bowl This Year? Sports Betting Apps Might Be the Champs.
The first U.S. sports-betting operations are moving toward profitability after a period out of favor with investors. Feb. 11, 2023 12:01 am ET Fans will flood into Phoenix on Sunday to watch Super Bow...
Celebrity Involvement In The Growing Sports Betting Sector
TOPSHOT – Singer Justin Timberlake performs during the halftime show of Super Bowl LII at US Bank … [+] Stadium in Minneapolis, Minnesota, on February 4, 2018. / AFP PHOTO / ANGELA WEISS (...
DraftKings stock suffers worst day on record as ‘patience remains thin’ with gambling company’s losses
Shares of DraftKings Inc. suffered their worst daily performance on record Friday, after the sports-betting company topped revenue expectations but appeared to spook investors with its discussion of c...
Opinion: Disney’s ESPN is aiming for a potential pact with DraftKings. The better bet for investors is FanDuel, which has a few aces in the hole
It can be maddening when other people don’t see the world the way we do. In the stock market, this kind of misalignment can be a source of great wealth. I was thinking about that kind of contrarian ap...
Feds, Seminole Tribe Invoke IGRA ‘Jurisdiction-Shifting’ In Bid To Revive Online Sports Betting in Florida
(Photo by PAUL ELLIS/AFP via Getty Images) AFP via Getty Images In their latest court filings, the Seminole Tribe and the United States Department of the Interior have articulated a novel, if not lega...
ESPN To Make Bold Move Into Sports Betting
Photo by Mike Windle/Getty Images for ESPN. Getty Images for ESPN Walt Disney Company CEO Bob Chapek said mysteriously at the D23 Expo held over the weekend that he had big plans for ESPN, but didn’t ...
DraftKings Is a Buy Ahead of NFL Season, Analyst Says
Text size DraftKings lifted its forecast earlier this month. Angus Mordant/Bloomberg Sports betting app DraftKings is a stock that investors should own heading into pro football’s regular season, Roth...
Here’s Why Legalized Sports Betting In Massachusetts Is Already A Bust
Game On: Sports betting is now legal in Massachusetts, but implementation could take several months. MediaNews Group via Getty Images The gaming-heavy state became the 31st to legalize sports gambling...
Casino industry urges federal prosecutors to crack down on illegal operators
American casinos, gaming companies and lawmakers are calling on federal prosecutors to crack down on illegal offshore gambling sites that they say are evading consumer protection regulations. The pus...
Amani Toomer, Charles Oakley Promote Responsible Gambling In New York
Former New York Giants receiver Amani Toomer (81) is spreading the word about sports integrity and … [+] responsible gambling as a trustee for Entain Foundation U.S. Getty Images When Amani Toom...
DraftKings Lands New Bull as Profitability Nears. This Analyst Also Likes Penn.
Text size Casinos are traditionally unaffected even in a recession scenario. Ethan Miller/Getty Images DraftKings and Penn National Gaming stocks will outperform the market by selling additional produ...
A Solution To The Legislative Stalemate On Sports Betting Legalization In Massachusetts
A man poses for a photograph with the online gambling website Bet365 displayed on a smartphone, in … [+] London on December 18, 2019. – Denise Coates, chief executive of British online bet...
DraftKings’ Risk Profile Is ‘Highly Favorable.’ It’s a Buy, Analyst Says.
Text size Interior views at DraftKings Sportsbook Manchester in Manchester, New Hampshire. Scott Eisen/Getty Images for DraftKings As online sports betting continues to gain traction in new state mark...
Women Are Signing Up For Mobile Sports Betting Apps At A Faster Rate Than Men
A League of Their Own: The number of men on sports betting apps still exceeds the number of women by 250%, but the growth rate of female customers is nearly double than that of men. getty Kara Endahl,...
Sports Betting Could Come To Milwaukee By Year’s End
MILWAUKEE – SEPTEMBER 19: Potawatomi Hotel and Casino at night on September 19, 2014 in Milwaukee, … [+] Wisconsin. (Photo By Raymond Boyd/Getty Images) Getty Images Milwaukee residents co...
Big Game 56? Why Some Sports Betting Companies Are Not Calling It The ‘Super Bowl’
INGLEWOOD, CA – FEBRUARY 8: A view of the Super Bowl sign outside SoFi Stadium during Super Bowl LVI … [+] media availability day on February 8, 2022 in Inglewood, CA before Sundays game b...
Super Bowl betting to top $7.6 billion. Don’t forget taxman if you win
Algerina Perna | Baltimore Sun | MCT | Getty Images If you plan to drop money on a Super Bowl bet this weekend, remember the IRS will be looking for its cut of your winnings. Americans are expected to...
DraftKings Is Questioned by the Market. Citi Says the Stock Is a Buy.
DraftKings doesn’t get enough credit from the market, says one Citi analyst, citing the company’s ability to grow as more states legalize online sports betting. In a research note issued Thursday, Cit...