More Than 33 Million Americans To Bet on NFL Season
WASHINGTON – Approximately 13 percent of American adults plan to bet on National Football League (NFL) games this year despite lower enthusiasm from fans in general about the 2020-21 season,…
Boyd Gaming signed up to IGT’s PlaySports platform
LONDON, Aug. 19, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) today announced that it has signed a long-term sports betting technology agreement with leading U.S. casino operator Boyd Gaming Corporation. Under…
Tennessee lottery officials hope to launch online sports betting by Nov. 1
Tennessee's online-only sports betting program could launch by November 1, and may launch sooner if its operators, vendors and suppliers are ready, according to the Tennessee Education Lottery Corporation (TEL). Previously,…
DraftKings Inc: 2Q20: 1st Take: Strong Guide, IRS Memo Not Law
DKNG reported 2Q20 earnings this morning. The company guided 2020 revenue to $500-540m, ahead of our recently raised $501m / cons $496m, and implying 2H rev growth of 22-37%. Mgmt…
DraftKings, FanDuel Fees Deemed Taxable in Landmark IRS Memo
Daily fantasy sports companies like FanDuel and DraftKings must pay federal excise tax on their entry fees, the IRS has decided, in an internal memo that could cause a major shakeup in the industry.An…
Sports Betting in the era of Covid-19
Reproduced from American Gaming Association; Cartogram: Axios Visuals When the pandemic arrived, the sports betting industry funneled bettors toward the few sports that were actually happening. What's happening: Now that sports have…
William Hill Officially Opens Sports Book at Capital One Arena in Washington, D.C.
WASHINGTON, Aug. 3, 2020 /PRNewswire/ -- William Hill US, America's leading sports book operator, today marked the official opening of its first-ever location in Washington D.C. – and first-ever within a U.S. sports complex…
BetMGM becomes PGA Tour betting partner
(Reuters) - BetMGM was named an official betting operator of the PGA Tour on Monday, agreeing to a multi-year content and marketing deal. “Through the power of the BetMGM brand…
AGA Commends Legislation to Eliminate Unnecessary Taxes on Legal Sportsbook Operators, Provide Needed COVID-19 Relief
WASHINGTON – American Gaming Association (AGA) President and CEO Bill Miller released the following statement on bipartisan legislation Reps. Dina Titus (NV-01) and Guy Reschenthaler (PA-14) introduced today to repeal…
Kambi Group plc and DraftKings Inc. Reach Agreement on DraftKings’ Migration Phase
Kambi Group plc and DraftKings Inc. have reached a mutual agreement regarding the migration phase of DraftKings to its proprietary technology from the Kambi sportsbook platform, which secures Kambi with…