Jefferies makes Gambling.com top pick, dumps on GAN

Summary: Re-assessing the sports betting and igaming sector’s prospects in light of recent negative market reaction, the analysts at Jefferies suggest that affiliate market provider Gambling.com will benefit from playing a “key role” in customer acquisition. But prospects are not so good for B2B platform providers such as GAN which they single out as lacking […]

Virginia clears $400 million monthly handle for February

Summary: Virginia online sportsbooks took just under $402 million in bets in February, including $33.1 million in Super Bowl bets, according to reports released by the Virginia Lottery. Why it matters: Adjusted gross revenue came in at $7.9 million, with sportsbooks holding 6.84%.Handle dropped 17.2% month-to-month against January, mirroring a nationwide trend that coincided with […]

Kansas sports betting deal in place, lawmakers confirm

Summary: Kansas lawmakers have a deal in place to advance a sports betting bill in both the House and Senate as early as Friday afternoon, lawmakers confirmed with Wagers.com Why it matters: This is the most important step yet for legal sports betting in Kansas; there are a few procedural steps remaining – as well […]

New York OSB revenue slides after first weekend of March Madness

Summary: Online betting handle in New York dipped 26.5% week-to-week, with the dropoff coinciding with the end of the first weekend of March Madness. New York online sportsbooks took $327.8 million in bets for the week ending March 27. Why it matters: Mobile sports wagering GGR came in at $13.9 million for the week, with […]