Flutter Entertainment (NYSE: FLUT) announced new medium-term guidance through 2027 on Wednesday, projecting stronger-than-expected growth in North America, led by its dominant FanDuel division. The company also revealed plans to repurchase up to $5 billion of its shares over the…
Fanatics is reportedly contemplating offering equity to its employees at a $25 billion valuation, a significant discount from the $31 billion the company was valued at during its December 2022 funding round. According to sources cited by Bloomberg, the sports…
DraftKings quickly abandoned a controversial plan to apply surcharges on winning sports bets in select high-tax states, a move that spared the company from facing backlash from New York regulators. New York, which has the highest sports betting tax rate…
A new report from Fairleigh Dickinson University (FDU) reveals that the rapid expansion of online gambling, particularly sports betting, has intensified problematic behavior in certain groups, especially young men. According to the New Jersey university’s study, men aged 18 to…
Washington Nationals shortstop CJ Abrams was sent down to the minor leagues after reportedly violating curfew by spending the night at Bally’s Casino in Chicago last week. The 23-year-old All-Star was at the Illinois casino from Thursday night until 8…
The National Council on Problem Gambling (NCPG) has raised concerns about the lack of adequate consumer protection in states regulating online sports betting. Researchers evaluated how well these jurisdictions align with the NCPG’s Internet Responsible Gambling Standards (IRGS), which outline…
Endeavor Group Holdings, Inc. (NYSE: EDR) is exploring the sale of its sports betting assets, including OpenBet and IMG Arena, with OpenBet possibly selling for a steep discount compared to its original purchase price. Endeavor acquired OpenBet from Scientific Games…
After just two weeks of the NFL season, the Circa Survivor pool has seen a dramatic reduction in participants. In response, Circa is offering an “empathy package” to those eliminated, which includes complimentary stays at Circa Resort & Casino in…
BetMGM has entered into a long-term partnership with Gannett, the publisher of USA Today, positioning BetMGM as the official online sportsbook operator for USA Today Sports. Although the financial details of the agreement have not been disclosed, the partnership will…
The Major League Baseball Players Association (MLBPA), the union representing MLB athletes, has filed a lawsuit against four gaming companies, including Bet365 and DraftKings, accusing them of using players’ names, images, and likenesses without permission in their advertisements and betting…
German authorities are currently investigating claims of a match-fixing and betting fraud operation within the country’s lower-tier soccer leagues. This probe began after The Hamburger Morgenpost uncovered message logs allegedly showing details about rigged matches being sold on the dark…
The deadline for entering Circa Sports’ renowned NFL contests — Circa Millions and Survivor — has passed, and the two competitions have smashed previous records with a combined prize pool of $20.26 million. For the 2024 season, Circa initially guaranteed…