Inflation worries: the impact of promotions on handle and GGR
Are state revenues and hold figures for US online sports betting inaccurate and over-inflated? How does promotional spend, freebets mainly, but also odds boosts and rebates, really impact operators’ bottom lines? Wagers dives into the numbers. The topic has been much debated on social media and among industry executives, but with DraftKings CFO Jason Park […]
Read MoreEntain to bet on Baltic booster?
Entain Olympic bid Feeling Baltic: Entain is reported to have made a $1bn bid to buy elements of Estonian-based betting and gaming operator Olympic Entertainment Group. The Bloomberg story suggests the bid is all cash. Olympic is owned by collapsed London-based private equity group Novalpina Capital. A bid for Olympic would represent a doubling-up of […]
Read MoreWinter is coming
This is what happens when an intense period of heavy marketing hits the top lines of the recipients of the largesse. If you wanted to make money out of the boom in US sports-betting – and the smaller boom in igaming – then being an affiliate is a good place to start. But in talking […]
Read MoreRSI builds on Q3 momentum
Rush Street Interactive Q3s Revenue up 57% YoY to $123m, net loss $18.9m vs. $26.5m, AEBITDA loss $12.2m vs. $1m. Advertising and marketing costs rose to $45.4m (37% of revenue) vs. $17.5m, MAUs up 26% (undisclosed number), ARPMAU $380. FY guidance raised to $480- $500m from $465-$495m, 76% YoY growth at midpoint range. RSI has […]
Read MoreNY nine get to make it there
The New York nine Winners: DraftKings, FanDuel, BetMGM, Bally Bet, Caesars, Rush Street Interactive, WynnBet, PointsBet, Resorts World Losers: Penn National Gaming/Barstool, Fox Bet, Fanatics Just a New York conversation: The nine winners of the New York bidding process were quick to celebrate their newly-won right to hand over a lot of tax money to […]
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