Investors are no longer enthusiastic about DraftKings’ free-spending strategy. Following the company’s Q4 earnings call, share prices, which were already on a downward trajectory, plunged some 20% following the call.
The lead-up to Super Bowl 56 thrust sports betting into the public light. And as any gambling historian can tell you, the adage that all press is good press doesn’t apply to gambling.
The COVID 19 pandemic has helped spur mobile sports betting in the US, but the opposite may be true for online casinos. Rather than highlighting the benefits of online casino gambling, COVID has allowed one of the key issues thwarting legalization efforts to linger: cannibalization.
FanDuel will soon open a Sportsbook lounge inside Chicago’s famed United Center. The lounge provides Illinois bettors and sports fans another way to place wagers and enjoy unfolding action while present at Bulls and Blackhawks games.
Gambling advertising is a topic of growing concern. The subject was tackled in a recent webinar hosted by Stop Predatory Gambling, the Campaign for Gambling-Free Kids, and Public Health Advocacy Institute (PHAI). The webinar, titled America’s New Storm of Gambling Advertising: A Threat to Public Health, was led by Les Bernal, the national director of…
FanDuel Group recently announced it teamed up with media personality Jon Rothstein in a unique new sports betting partnership. Rothstein is the host of College Hoops Today and joined the CBS Sports Network in 2010. The agreement’s timing, a month before March Madness is unlikely a coincidence.
Gambling harm has been thrust to the forefront as legal sports betting continues its rapid spread across the US. To help mitigate gambling’s social harms, EPIC Risk Management is teaming up with the National Collegiate Athletic Association (NCAA) to create a comprehensive gambling harm and student-athlete protection educational program.
Nearly two-thirds of US states have legalized sports betting in the last few years. Many of those states legalized online sports betting. That may not seem like a big deal, but ask any longtime industry follower, and they’ll tell you how out of character it is for a state to legalize any form of online…
According to an anonymous source in the New York Post, Wynn Resorts is shopping its WynnBet online gambling division.
A new YouGov poll delved into two aspects of the US sports betting industry: advertising and consumer awareness. The results will be somewhat shocking to those living in the sports betting and gambling bubble but augurs well with the historical data.
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