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DraftKings Launches Subscription for Better Betting Odds
DraftKings has launched a $20-per-month subscription service, allowing users to access improved parlay odds. The new service, first reported by Sportico, offers bettors a significant edge. Maximum 100% Boost on Parlays The subscription, called DraftKings Sportsbook+, is currently available exclusively in New York. Subscribers receive unlimited “Stepped Up” Boost Tokens, which become accessible within 30…
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DraftKings Sued Over Alleged Data-Sharing Violations
A former DraftKings customer has filed a lawsuit against the company, accusing it of sharing users’ video-viewing habits without consent. The class-action lawsuit, filed on Friday in the U.S. District Court for the Southern District of New York, claims DraftKings used Facebook tracking tools to transmit customers’ viewing data and wagering interests to the social…
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ESPN Bet Showing Progress, Says Analyst
The 2024 football season was seen as a key test for Penn Entertainment’s (NASDAQ: PENN) ESPN Bet, and as the NFL moves into its fifth week, the online sports betting platform seems to be making strides. In a recent report to clients, Jefferies analyst David Katz highlighted that while ESPN Bet hasn’t yet captured significant…
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AGLC VP: Play Alberta Gears Up for iGaming Future
One of the most significant iGaming developments in Canada is Alberta’s upcoming open, competitive, and regulated market, set to launch in early 2025. However, a senior executive from an Ontario-based iGaming operator suggested the rollout could happen as early as Christmas 2024. New Regulated Market Expected in 2025 Alberta is poised to become one of…
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NY Regulators Criticize DraftKings’ Scrapped Surcharge Plan
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 in the U.S., alongside states like Illinois, Pennsylvania, and Vermont, was a key target of…
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MLBPA sues Bet365, DraftKings over player image use.
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 platforms. The lawsuit, filed in the U.S. District Court for the Eastern District of Pennsylvania,…
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NFL Betting to Reach $35 Billion in 2024, Reports AGA
As the 2024 NFL season kicks off on Thursday, it’s set to break new betting records. The American Gaming Association (AGA) projects that wagers on NFL games through regulated sportsbooks could total a staggering $35 billion this year. This represents a 30% jump from the $26.7 billion forecasted at the start of the 2023 season.…
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DraftKings Surcharge May Add $270M in Revenue
DraftKings (NASDAQ: DKNG) recently announced that a new surcharge on winning sports bets in four states could bring in as much as $270 million in additional gross gaming revenue. Last week, the gaming company revealed plans to impose a small fee on winning sports wagers in Illinois, New York, Pennsylvania, and Vermont. This move aims…
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DraftKings Investors Voice Concerns Over Surcharge Strategy
A significant portion of DraftKings (NASDAQ: DKNG) shareholders are expressing dissatisfaction with the gaming company’s recent decision to impose a surcharge on winning sports bets in Illinois, New York, Pennsylvania, and Vermont. According to a recent Jefferies Equity Research report, 60% of surveyed DraftKings investors oppose the plan, which was unveiled alongside the company’s second-quarter…