FanDuel TV to Take on Cable Sports Channels, Debuts on Sept. 1
FanDuel is getting in the cable sports game. The online gambling operator will bring the newest cable sports channel, FanDuel TV, to sports bettors starting at 10 a.m. on Sept. 1. That means it will compete for attention and eyeballs with channels like ESPN and its parent company’s content partner, Fox Sports. Working in FanDuel […]
Penn Entertainment To Increase Stake In Barstool Sports To 100%
Barstool Sports will soon become a wholly-owned subsidiary of Penn Entertainment. The transaction, expected to be completed in February, will see the latter exercise its contractual right to acquire the remaining shares of Barstool. Penn Entertainment (still known as Penn National Gaming at the time) first invested in Barstool in 2020. It acquired a 36% […]
Twenty Years Into New York Retail Casino Gaming, is it Time to Revisit the Compact?
Seneca Nation is celebrating the 20th anniversary of its gaming compact with New York State. Through the compact, the tribe owns and operates three upstate casinos. Though celebrations have highlighted the successes of those gaming facilities, the anniversary has also raised the question of whether the 2002 agreement is still fair in 2022. The three casinos […]
Addabbo, Pro-New York Online Casino Leader, Faces Primary Challengers
Online gambling insiders expect New York online casino to be the next legal jurisdiction. In order for that to happen, state legislators need to vote. Before that occurs, New York voters have to decide today whether they plan to keep state Sen. Joseph Addabbo. Addabbo is facing two opponents in today’s Democratic primary. Candidates Albert […]
Economist Says Some People Gamble Because They Can’t Borrow Or Save
Why do people gamble? Some people do it more than others, but it exists across all cultures. The reason for it can be tough to pin down, both psychologically and economically. As World Bank economist Sylvan Herskowitz puts it: The broad and persistent popularity of gambles with negative expected returns has presented a long-standing puzzle for […]
New Ninth Circuit Ruling Could Have Impact On Washington Compact Litigation
A new, split decision opinion from the Ninth Circuit Court of Appeals has the potential to impact the battle over tribal compacts playing out in Washington. The Ninth Circuit decided by 2-1 vote to grant summary judgment to the Chicken Ranch Rancheria of Mewukl Indians. They and other tribes had brought suit against California and […]
BetMGM Reputation to Stay Linked with Entain, LeoVegas
Online gambling operator BetMGM‘s parent company, MGM Resorts International, doesn’t seem troubled by pending legal issues relating to Entain and LeoVegas. Both organizations are closely associated with the BetMGM reputation at the moment. Jersey City, NJ-based BetMGM is the US online casino market leader. MGM wants to expand on that online gambling reach by entering […]
Michigan Snaps Out of Summer Slump, Beats Pennsylvania for Online Casino Revenue
The standard summer slowdown in online gambling revenue has continued for most states, but not Michigan. Revenue reports are in for the states where online casinos are legal. Pennsylvania is now on a four-month slide, while New Jersey has just about stabilized, but Michigan managed positive growth for the first time since April. Connecticut also saw a […]
Kansas Sports Betting Takes the Field on Sept. 8, Start of NFL Season
In theory, Kansas sports betting may have nearly 6 million possible wagerers. Online sportsbook operators call a more scientific version of that “total addressable market (TAM),” and the term will be relevant when sports betting officially launches on Sept. 8, the same day the NFL season begins. Soft launches, or testing the apps with limited times […]
Opinion: Maverick Gaming May Be Opening Pandora’s Box
Maverick Gaming is still waiting for the court’s response after it filed for summary judgment in its litigation with the Department of the Interior and various Washington State officials. The impact of that decision could prove historic. The case revolves around new compacts between the state and more than a dozen tribes within its borders. These […]
