Fanduel

The state of New Jersey set a new monthly record for all states with $748.6 million in September sports betting wagers. September Record: The total is up 68% year over year and passes the $668 million total from August, which was a monthly record at the time. Through the first nine months of the...

Gan Limited (NASDAQ: GAN) announced the launch of a new simulated internet sports betting website Monday.  What Happened: Gan Limited launched PlayJack.com in partnership with an “existing major midwestern regional retail casino operator.” The website will allow users to practice...

A survey from Civic Science shows low brand awareness for sports betting apps despite national advertising campaigns. What Happened: The survey from Civic Science shows that sports betting apps from FanDuel, DraftKings Inc (NASDAQ: DKNG) and Penn National Gaming’s (NASDAQ: PENN) Barstool...

Barstool Sports founder Dave Portnoy said on a recent podcast that his company could have been purchased by someone other than Penn National Gaming. What Happened: Portnoy revealed on the "Pomp" podcast with Anthony Pompliano last week that Barstool promoted itself to other betting...

Shares of Penn National Gaming (NASDAQ: PENN) hit new 52-week highs Thursday ahead of the company's Sept. 18 launch of the Barstool Sportsbook in Pennsylvania.  What Happened: Optimism for Penn National Gaming and its partial ownership and partnership in Barstool Sports continues to...

Sports betting hit an all-time high for any state with New Jersey's $668 million total in August.  New Jersey's Sports Betting Receipts: New Jersey's total sports betting handle hit $668 million in August, more than double the $315 million reported in July. Online sports betting...

DraftKings Inc (NASDAQ: DKNG) is following up its ESPN deal with an NFL team partnership.  What Happened: The New York Giants and DraftKings announced an exclusive multiyear deal Wednesday that makes DraftKings the official sports betting, iGaming and Daily Fantasy operator for the...

Fox Bet, a joint venture between Flutter Entertainment (OTC: PDYPY) and Fox Corp (NASDAQ: FOXA), is rumored to be planning an initial public offering, according to an industry research firm.  What Happened: Research firm Eilers & Krejcik said in a newsletter that a potential Fox Bet IPO...

COVID-19 lockdowns and casino closures have been a major blow to casino stocks. But Morgan Stanley analyst Thomas Allen says 2020 continues to be a huge year for iGaming and Draftkings Inc (NASDAQ: DKNG). What To Know New Jersey iGaming revenue was up 123% year-over-year in the month of June,...

The Washington Nationals shocked the baseball world with a World Series victory in 2019. It turns out their victory was quite profitable for some sportsbooks as well. FanDuel was able to see some action from highly publicized business owner and sports bettor Jim ‘Mattress Mack’...

In a show of how Americans are increasingly able to bet legally on sports, a big Heartland state became the second this year and the 10th overall to legalize sports betting. And two companies announced the biggest media investment yet in sports betting. The developments sum up the...

Tiger Woods threw up his arms and joined a jubilant Masters crowd in celebrating his win Sunday, easing 14 years of injury- and scandal-related frustration since his last win at Augusta. But while Woods roared and his fans went wild, the burgeoning American sportsbook industry felt like it just hit...

FanDuel and DraftKings are two of the leading daily fantasy sports companies that continue to face strict opposition from lawmakers and are even banned in some states such as New York. Regardless of the hostile climate toward online daily sports betting sites, the two companies are in talks to...

Yahoo! Inc. (NASDAQ: YHOO) is said to have informed users of its daily fantasy sports (DFS) platform that they can no longer make deposits using their credit cards. But, Yahoo said it would continue to accept DFS deposits using the Paypal Holdings Inc (NASDAQ: PYPL), according to a report on...

New York's Attorney General Eric Schneiderman declared earlier this week that FanDuel and DraftKings were operating illegally. Schneiderman stated that the fantasy sports betting site was operating as a gambling company. FanDuel is fighting back against the ruling, accusing the attorney general of...