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DraftKings Forecasts $20M Revenue, $50M Costs for First Three Months in Kentucky
DraftKings CEO Jason Robins said the company has added Kentucky to its 2023 fiscal guidance and estimates that the state will generate $20 million in revenue for the year. During DraftKings’ Q2 earnings call, Robins said the state was not part of previous forecasts. That’s because the company anticipated a later launch date for Kentucky […]
Penn Breaks Ties With Portnoy & Barstool, Announces ESPN Bet Coming This Fall
The US sports betting industry is about to lose another brand, as Penn Entertainment has cut its ties with Barstool Sports and its controversial founder, Dave Portnoy. The number of products on the market will remain the same, as Penn announced a new deal to rebrand its Barstool Sportsbook product as ESPN Bet, starting this […]
FanDuel Q&A With Bonus: VP Alison Kutler on Responsible Gaming
Responsible gaming is a duty shared by the entire US online gambling industry, says Alison Kutler, FanDuel Group‘s vice president of sustainability and responsible gaming. Her employer, sports betting leader and online casino heavyweight FanDuel, deemed responsible gaming a priority on “Day One,” Kutler said in an interview with Bonus. Her words said yesterday to […]
BetMGM Partners with Revolutionary Racing to Bring Sports Betting to Kentucky
BetMGM and Revolutionary Racing Kentucky (RRKY) are joining forces in Kentucky to bring online and retail sports betting to the state. On Monday, the pair of companies announced a new market access agreement allowing BetMGM to launch its online and retail betting platform in Kentucky when sports betting launches later this fall. The partnership will also […]
Fanatics Sportsbook Taking Over New York PointsBet Sportsbook License
Fanatics Sportsbook is entering the New York sports betting race. On Aug. 3, the New York State Gaming Commission (NYSGC) discussed what will happen now that Fanatics purchased the US holdings of Australian online gambling operator PointsBet. PointsBet Sportsbook is one of nine sports betting operators licensed in the No. 1 revenue-generating state. So while […]
Betway Is the Sole Applicant for Illinois’ Online-Only Sports License
Betway is the sole applicant and winner of an Illinois online-only sports betting license. During the July 27 Illinois Gaming Board (IGB) meeting, IGB Administrator Marcus Fruchter pointed out that identifying Betway as a winning bidder does not grant the operator a license. The IGB added that there was another bidder, which withdrew its application […]
Fox Bet to Shut Down as Fox Sports Backs Out of Joint Venture
Flutter has announced that Fox Bet has stopped taking bets and will shut down entirely by the end of August, making it the latest casualty of a challenging US sports betting market. The news does not come as a surprise. Last year, I predicted that this would be likely in the wake of arbitration between Flutter and […]
Kentucky Emergency Sportsbook Regulations Subject of Aug. 22 Public Hearing
Days before Kentucky sports betting kicks off with the start of the NFL season, residents of the Bluegrass State can attend an Aug. 22 public hearing to say what they think of emergency sportsbook regulations. Sportsbooks will be governed by those 11 proposed administrative regulations when retail sports betting begins on Sept. 7 and online […]
Last-Minute Regulatory Rule Change Leaves Ruffin Last Man Standing for Kansas HHR License
Phil Ruffin may be the winner by default for a license to operate historical horse racing (HHR) in Wichita after the Kansas Racing and Gaming Commission (KRGC) changed its rules at the last moment to disqualify the only other bidder. The rejected finalist for the license was Wichita developer George Laham, whose collaboration with Boyd Gaming […]
Maverick Gaming Persists With Appeal Though Higher Court Sentiment Appears to Be With Tribes
Washington cardroom operator Maverick Gaming will persist in its attempt to undermine the Indian Gaming Regulatory Act (IGRA), even though the odds appear to be more against it than ever. Maverick would like to offer sports betting in Washington and has challenged the law awarding exclusivity over such gambling to the state’s gaming tribes. Although District Court Judge David […]