Betting

Missouri voters will make a decision on sports betting this fall after Secretary of State Jay Ashcroft today certified for the Nov. 5 ballot a constitutional amendment that "asks voters whether to legalize and tax betting on major sporting events." The proposed constitutional amendment would allow the...

Sportsbooks "took varying approaches to settling bets" on the Paris Olympics gold medal market after the U.S. and China tied with 40 gold medals apiece. ESPN Bet, DraftKings and FanDuel "each settled gold medal bets with a 'dead heat' rule," generally meaning half the amount of the bet is...

The second quarter brought more creep of handle toward the established leaders in the 14 states that release figures from individual sportsbooks, with DraftKings increasing from a 34% to 37%, pulling even with FanDuel. ESPN Bet dropped two points from Q1 to a 3% share. Fanatics and Caesars...

DraftKings' plan to add a surcharge to bets placed in states with higher tax rates stands as the biggest news of an otherwise calm Q2 earnings cycle. I think this is more about politics than economics. While there is a risk that some customers in...

Not surprisingly, Penn Entertainment spent most of its presentation and Q&A during Thursday’s earnings call on the upgrades that it will roll out in time for what will be a crucial football season, along with the deepened integrations that could make ESPN Bet a more palatable -- and intuitive...

The annual June swoon that comes as the sports calendar thins out looks about as it did last year, with handle down 17% from May with Arizona and Illinois as the last states that haven’t reported results. Last year, handle fell 19% from May to June. Year on...

Daily fantasy sports operator  PrizePicks named  former Blizzard Entertainment President  Mike Ybarra  the company’s next CEO. Ybarra replaces PrizePicks founder  Adam Wexler  as CEO, with Wexler moving into the role of exec chair. Prior to Blizzard Entertainment, Ybarra spent nearly 20 years at Microsoft as a VP ( ...

Genius Sports has extended its live betting data rights deal with Football DataCo through 2029, building on a relationship that began in 2019. Football DataCo is the data rights holder of the English Premier League, English Football League and Scottish Professional Football League. Financial terms were not disclosed. ...

This week saw a number of companies with ties to sports betting release their quarterly earnings reports. Here are some takeaways from what they reported: DraftKings announced plans to implement a gaming tax surcharge in high tax states that have multiple mobile sports betting...

The Paris Olympics “represent a prime opportunity for larger sports betting activity during a time of year that is generally quite slow,” but “as fun and unique as the Olympic offerings are, consumers aren't branching out,” writes ESPN . Men’s and women's hoops (5x5) “are projected to...