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Betting

DraftKings selling VSiN back to original founders Brian Musburger and Bill Adee

Morning Buzz - 07/23/2024

DraftKings will sell sports betting TV and radio network VSiN back to founders Brian Musburger and Bill Adee, exiting a business that it purchased for $70 million in 2021. Terms were not disclosed. Available at VSiN.com and through deals with YouTube TV, Rogers SportsNet, NESN,...

Sports bettors show predictable June hibernation, but numbers up year over year

Betting Newsletter - 07/19/2024

With reports in from gambling regulators in 21 of the 33 trackable legalized jurisdictions, June is shaping up as expected, down 17% compared to last month in like states as the sports calendar slimmed heading into summer. Last year, June handle dropped 19% compared to May. The year-on-year...

D.C. looks to make up for lost time with big sportsbooks finally getting market access

Betting Newsletter - 07/19/2024

This week brought the full, merciful, inevitable overhaul of what was the most convoluted regulatory structure in U.S. sports betting -- a model that gave exclusive rights to mobile wagering in D.C. to lottery operator Intralot -- while walling the leading commercial operators off in retail operations...

Bornstein looks to what's next for Genius Sports

Betting Newsletter - 07/19/2024

Bornstein hit on a number of topics, including: On the place of game and event telecasts tailored to a sports betting audience, commonly known as BetCasts : “Multicasting is really interesting. But at the end of the day, it’s not so much multicasting...

WNBA adds DraftKings as sportsbook sponsor

Closing Bell - 07/18/2024

Fresh off reports that it will quadruple its take from media rights in a deal agreed to earlier this week, the WNBA has added DraftKings as an official sportsbook sponsor, joining FanDuel in a category split that mirrors the NBA’s. Along with rights to...

D.C. sports betting returns after one-day pause

Closing Bell - 07/17/2024

Citywide mobile sports betting "returned to D.C." this morning, more than 24 hours after FanDuel suspended online operations in the city while it waited for Mayor Muriel Bowser to sign the city’s fiscal year 2025 budget. Bowser "never actually signed the budget," returning it to...

D.C. online betting halted amid city budget wait

Closing Bell - 07/16/2024

FanDuel, the only online platform that offers citywide sports gambling in D.C., "stopped accepting bets" as of today because Mayor Muriel Bowser has "yet to sign the city’s budget for fiscal year 2025, which allows for the continuation of sports betting in the city." FanDuel in a...

Alex Meruelo's betting app SaharaBets shutting down after Coyotes relocation

Daily - 07/11/2024

Former Coyotes owner Alex Meruelo’s online sportsbook SaharaBets is “halting operations and no longer accepting bets,” according to Corina Vanek of the ARIZONA REPUBLIC. SaharaBets “encouraged bettors to withdraw funds from their accounts” before Aug. 8. Though, wagering “will remain open for the next 30 days” to allow time...

N.J. fines DraftKings for sports betting inaccuracies

Closing Bell - 07/08/2024

N.J. gambling regulators have fined DraftKings $100,000 for "reporting inaccurate sports betting data to the state," one of the "most sternly worded rebukes they have ever issued" for what it called "'unacceptable conduct' that demonstrated weaknesses in the company’s business abilities." The errors resulted in regulators "having to post...

D.C. posts best monthly handle yet after switch to FanDuel exclusivity

Betting Newsletter - 07/03/2024 | Closing Bell - 07/03/2024

May brought the highest handle in D.C. since sportsbooks there began taking bets in 2020, breaking a record that stood since October 2021. D.C. operators handled $32.8 million, an 171% improvement over last May’s $12.1 million. The surge was driven by the District’s switch in March from exclusive...

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Betting

DraftKings selling VSiN back to original founders Brian Musburger and Bill Adee

Sports bettors show predictable June hibernation, but numbers up year over year

D.C. looks to make up for lost time with big sportsbooks finally getting market access

Bornstein looks to what's next for Genius Sports

WNBA adds DraftKings as sportsbook sponsor

D.C. sports betting returns after one-day pause

D.C. online betting halted amid city budget wait

Alex Meruelo's betting app SaharaBets shutting down after Coyotes relocation

N.J. fines DraftKings for sports betting inaccuracies

D.C. posts best monthly handle yet after switch to FanDuel exclusivity

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