Two years after legalization and a year after the launch of retail betting, Michigan online sports betting will launch within a few days. Michigan Gaming Control Board (MGCB) executive director Richard Kalm said Tuesday that the approved operators, DraftKings and FanDuel, could be allowed to launch anytime between now and January 19. He announced the …
Michigan Sports Betting To Launch Online Within Days Read More »
New Jersey concluded 2020 with yet another national sports betting record in December, posting almost $1 billion in handle. New Jersey sportsbooks took $996.3 million in handle, the most ever by any US state. The December handle represents a 7% increase from the previous national best of $931 million that New Jersey posted in November …
New Jersey Sports Betting Touches Just Shy of $1 Billion in December Read More »
FuboTV announced Wednesday that it acquired US sportsbook firm Vigtory and it will launch a full-fledged sportsbook later this year. The New York-based streaming service said it would be landing into the iGaming and sports betting arena on the company’s last earnings call in November. Shares are soaring high again following this announcement. The financial …
FuboTV Acquires Vigtory to Launch Sportsbook in 2021 Read More »
A new bill backed by Gov. Kate Brown filed Monday will shift Oregon sports betting from a single-operator market to an open market. HB 2127 sought statewide retail and mobile sports betting, shifting to an open and more competitive market with the Oregon Racing Commission as the regulator. Currently, the Oregon sports betting is legally …
A New Bill Shatters Oregon Mobile Sports Betting Monopoly Read More »
Entain Plc said Monday its CEO Shay Segev would leave the company days after it rejected an $11 billion takeover bid from MGM International. Segev led the UK-based Entain, formerly known as GVC Holdings, for only seven months when he took over from Kenny Alexander, who left the job after a 13-year tenure. According to …
Entain CEO Suddenly Resigns Amid MGM Takeover Bid Read More »
The Washington Nationals announced on Monday that it has signed a multi-year deal with BetMGM as their exclusive sports betting partner. The deal will allow the digital company to launch its mobile sports betting app within a two-block radius of National Park, as well as giving BetMGM co-branding opportunities and fan-focused campaigns. However, the financial …
Kentucky saw a renewed attempt at legalizing sports betting in 2021 on Saturday when state Rep. Adam Koenig filed a bill to this effect. The latest attempt follows the Kentucky Republican’s previously failed bid in 2020. Last year, the Bluegrass State’s Licensing, Occupations, and Administrative Regulations (LOAR) Committee, chaired by Koenig, unanimously approved the sports …
Kentucky Lawmaker Files Sports Betting Bill 2021 Read More »
MGM’s largest shareholder, InterActiveCorp (IAC), has offered to invest another $1 billion in the company to help it acquire UK-based Entain PLC. Billionaire Barry Dillerowner, owner of the US media giant which has a 12% stake in MGM, supported the $11 billion takeover plans for Ladbrokes owner Entain Plc. Before IAC’s latest indication, two offers …
MGM’s Largest Shareholder IAC Offers $1bn to Get Entain Deal Done Read More »
Two New York lawmakers filed companion bills on Thursday to legalize online sports betting days after Cuomo announced he now supported the industry. However, the proposed legislation presented an entirely different approach from what the governor had proposed. Last Tuesday, Gov. Andrew Cuomo said he is finally ready to see regulated online sports betting, the …
New York Lawmakers’ Online Sports Betting Bill Collides With Cuomo’s Approach Read More »
Last December brought a new sports betting handle record for Iowa, which posted above $100 for the first time since the industry’s launch. According to the latest figures released Friday by the Iowa Racing and Gaming Commission (IRGC), the December handle of $104.8 million also saw the fourth consecutive month of record handle in the …
Iowa Sports Betting Handle Crosses $100M First Time in December Read More »
