Record first quarter for US sports betting and online gambling
The American Gaming Association’s latest revenue tracker of the first quarter of 2022 showed that online sportsbook and gaming operators experienced record revenues. Sports betting and online casino set “all-time quarterly records on the back of healthy growth in existing markets and new state launches, with New York being the most notable,” said the AGA. […]
Exit OSB euphoria, pursued by a bear
Now we know what a bear market feels like once again. The falls suffered across the wider market on Friday and then again on Monday are a reminder that all bull markets – eventually – come to an end. All things must pass, even irrational exuberance. Or should that be, especially irrational exuberance? The financial […]
New Jersey study reveals sports betting’s impact on iCasino
Since 2014, Rutgers University has released an annual report on online gambling in New Jersey. The comprehensive analysis derives from “raw data files, collected by the Division of Gaming Enforcement (DGE) from all the operators” in New Jersey. Due to the nature of the study, the research is several years behind, but the unique insight […]
Stock-based compensation and the fight for talent
Alongside the general tightness in the U.S. labor market, issues around options and share-based awards are having an effect on recruitment in the sector and driving up the cost of new hires. Notable among the recent disclosures was the news that DraftKings had given away a massive $683m in stock-based compensation in 2021. While a […]
Competing sports betting initiatives spell trouble for California
California voters will likely have at least two sports betting proposals on the November ballot. An initiative legalizing online sports betting in the Golden State gathered 1.6 million signatures, far more than the number needed. That sets up a showdown with an already-approved initiative to legalize retail sports betting at tribal casinos and select racetracks. […]