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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…