GiG signs heads of terms with Crab Sports in Maryland
Summary: Platform provider Gaming Innovation Group has agreed terms for a sportsbook solution with Crab Sports chain of seafood restaurants in Maryland. Why it matters: Maryland, along with Ohio, are two more North American jurisdictions that are due to regulate sports betting in 2022 after New York and Ontario in Canada. Although both are now […]
Jason Robins on how DraftKings will raise its hold levels gradually
Jason Robins on how DraftKings will raise its hold levels gradually “In DFS, our margins got substantially higher as the market matured because we just decided to make them higher. You can do that. The tricky part is how you do that at the right time, in the right way, without degrading the customer experience.”- […]
DraftKings aims for higher hold, gradually
Summary: Speaking to investors yesterday, DraftKings CEO Jason Robins said the group was working on increasing margins and reducing sharp action. Why it matters: Strong hold percentages mean higher gross revenues and drive the all-important profits investors are looking for.DraftKings however still lags its main rival FanDuel when it comes to GGR.Source: DraftKings CEO Jason […]
Jason Robins on DraftKings measures to increase its margins
CEO Jason Robins on DraftKings measures to increase its margins“In an earlier stage environment, it is not the worst thing to in the world to give people a couple of extra winning experiences, rather than trying to maximize how much margin we’re taking. So it’s an area of focus. But very deliberately. We’re not looking […]
Altruda on US sports betting handle in March
@AlTruda73: Top 10 March national #SportsBetting handle by state (final)1 New York $1.64B2 New Jersey $1.12B3 Illinois $971.3M4 Nevada $862.8M5 Pennsylvania ~$715M6 ARIZONA ~$691M <—NEW7 Colorado $505.6M8 Michigan ~$478M9 Indiana $476.8M10 Virginia $469.5M#GamblingTwitter