A fantasy sports company which took on sports betting in the last few years
The board of PointsBet said Sunday night that it will continue to endorse a Fanatics bid while looking into a last-minute offer from DraftKings. The Australian business announced in a press release that it would work with DraftKings to accept its $195 million offer to buy the US assets of PointsBet. PointsBet's board still urges shareholders to accept the earlier ...
Read More
When Illinois legalized sports betting, they also created a rule that the large existing online sportsbook outfits (like DK and FD) would have to wait 18 months before they could enter the market. This week it was announced that DraftKings has made a deal with Casino Queen in East St. Louis. The deal will rename the Casino after DraftKings and ...
Read More
Originally posted by Darren Rovell, sports betting reporter, the following statistics were posted for market share of the state of New jersey regarding its sports betting market: Overall Market-share by Sportsbook FanDuel: 44% DraftKings: 32% William Hill: 7% PointsBet: 5% 15+ others: 12% His source is cited as Bank of America Securities FanDuel and DraftKings were very aggressive getting into ...
Read More
DraftKings is an online fantasy sports provider. They are also in the sports betting space. Last year they purchased long-time sports betting industry heavy-weight SBTech, shoring up their position in this market. One day after shareholders agree to go public, Draftkings did just that. They chose the Nasdaq stock market, a market known for their tech stocks. DraftKings symbol is ...
Read More
The state of Indiana was open for business (as far as sports betting is concerned) all last month and the numbers are in. The state's sportsbooks booked $34.5 million in sports bets which showed a profit of $8.5 million. Of that $8.5 million about $813,000 was given to the state. Not surprisingly, a majority of that 35 million was bet ...
Read More
