Vertical: Sports Betting
Higher taxes to crimp DraftKings earnings but not Rush Street’s, Jefferies analyst says
3 July 2025 at 12:15pm UTC-4
New, state-level tax increases and the cost of entering the prediction markets will be a squeeze on DraftKings’ revenue in the near future. That’s the forecast of Jefferies ...
Underdog sues California AG over potential daily fantasy sports ban
3 July 2025 at 7:48am UTC-4
Underdog is suing California Attorney General Rob Bonta in relation to a proposed daily fantasy sports ban, as the group believes he is overstepping his legal authority.
First ...
BetMGM and Casino del Mar launch responsible gambling training for Puerto Rican athletes
3 July 2025 at 7:26am UTC-4
Online operator BetMGM has partnered with brand ambassador Carlos Arroyo and Casino del Mar in San Juan to deliver Puerto Rico’s first responsible gambling training program for ...
Apollo completes US$6.3 billion acquisition of IGT Gaming and Everi
2 July 2025 at 7:02am UTC-4
Global asset management group Apollo has completed its US$6.3 billion all-cash acquisition of IGT’s gaming and digital business and Everi Holdings Inc.
The two companies will ...
Sportradar ‘a critical player,’ Truist analysts says
1 July 2025 at 2:17pm UTC-4
Truist Securities initiated coverage of Sportradar Group on 1 July with a “buy” rating and a US$33 per share price target. Shares of SRAD stock were trading at US$28.08 at the ...
DraftKings launches new responsible gambling tool
1 July 2025 at 7:12am UTC-4
DraftKings has debuted a new responsible gaming tool that helps users set limits and reminders for their betting.
The tool, dubbed My Budget Builder, will be available on all ...
Rhode Island expanded sports betting bill fails to pass
1 July 2025 at 6:55am UTC-4
A bill that would have expanded the sports betting market in Rhode Island has failed to materialize despite passing in the State Senate in early June.
Senate Bill 748, which ...
SBC announces two new stages focusing on global and emerging markets
1 July 2025 at 6:27am UTC-4
SBC Summit 2025 will be expanded this year with the addition of two new conference stages, Global Markets and Emerging Markets.
The change reflects international growth at the ...
Codere Online appoints new Chair of compliance committee
1 July 2025 at 6:06am UTC-4
LatAm sports betting and igaming operator Codere Online has appointed AG Burnett as Chairman of its compliance committee.
Elsewhere, the company reported that all 24 agenda ...
Federal authorities investigate Malik Beasley in relation to NBA gambling activity
1 July 2025 at 5:44am UTC-4
US federal authorities are investigating gambling-related allegations relating to Detroit Pistons guard Malik Beasley.
The investigation involves gambling on NBA games and prop ...
