Tag: Sports

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California’s online sports betting ballot initiative adds new opponents, faces signatures’ raw totals deadline

Posted on by Casino News

On Thursday, California’s statewide business leaders and small business advocates voiced “strong opposition” to a ballot initiative that would legalize online and mobile sports gambling in California, backed and funded by major online gambling operators DraftKings, BetMGM, FanDuel, Bally’s Interactive, WynnBET, among others. It has recently gathered enough signatures to become the second sports betting […]

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Caesars opens new betting lounge at iconic Indianapolis Motor Speedway, becomes the track’s official sports betting partner

Posted on by Casino News

The Indianapolis Motor Speedway officially has its first betting lounge available to the public, opened by Caesars Entertainment. The venue made its debut at Saturday’s GMR Grand Prix, and marked a key deal in the “Racing Capital of the World” in Indiana. Caesars will now act as the official sports betting partner of the Indy […]

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Legal US sports betting sees $125.4B handle and $8.8B sportsbook revenue in four years since PASPA’s repeal

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On Saturday, May 14, one of the fastest-growing markets in the history of the gaming industry celebrated its fourth anniversary. On that same date in 2018, the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992 (PASPA) and opened the door to the state-by-state legalization of sports betting. Since then, […]

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Genius Sports reports $85.9M in Q1 revenue as sports tech and services more than double

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Genius Sports announced Thursday its financial results for the first quarter of 2022, which left the company $85.9 million in group revenue, representing a 59.9% year-over-year growth, and outperforming the quarter’s outlook by 10%.  The group’s Adjusted EBITDA was $2.9 million, exceeding the company’s projections for the period by 42%.  The company broke down its […]

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1652455623 julian canete presidente ceo hispanic chambers commerce california

California’s online sports betting ballot initiative adds new opponents, faces signatures’ raw totals deadline today

Posted on by Casino News

On Thursday, California’s statewide business leaders and small business advocates voiced “strong opposition” to a ballot initiative that would legalize online and mobile sports gambling in California, backed and funded by major online gambling operators DraftKings, BetMGM, FanDuel, Bally’s Interactive, WynnBET, among others. It has recently gathered enough signatures to become the second sports betting […]

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Arizona reports $2.8B in sports bets in first six months; state’s cut on lower end of predictions thus far

Posted on by Casino News

Figures released this week by the Arizona Department of Gaming show that in the first six months of legalized sports betting, sportsbooks have made $225 million on handle of about $2.8 billion. Meanwhile, the state’s general fund has taken in $8.5 million in revenue from sports gambling between the months of September 2021 and February 2022, […]

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