California tribes withdraw mobile betting initiative from 2022 ballot
@MatthewKredell: It’s official that there will only be one tribal sports betting initiative on the 2022 ballot in California. The online measure backed by three tribes led by San Manuel will hold off and submit signatures for the 2024 ballot.https://t.co/g4RLpJdjfV
Kambi’s Festival of Sportsbook scheduled for May 23-27
📅 May 23-27 – Kambi’s Festival of SportsbookGoogleiCalSource: Kambi⌄
Illinois posts record-high sports betting numbers in March
Summary: March 2022 saw Illinois set single-month state records in sports betting handle and revenue, according to Eilers & Krejcik Gaming. Illinois sportsbooks took $971.3 million in bets in March, generating $79.4 million in revenue. Why it matters: Online sportsbooks produced $927.5 million in March bets, accounting for 95.5% of all bets placed in the […]
Wells Fargo remain cautious on DraftKings despite beat
Summary: The team suggest the first-quarter earnings statement contained more positives than negatives and added that the share price reaction on Friday, down nearly 9% on the day, was indicative of macro worries rather than anything company-specific. But they added that it was “tough to pinpoint an obvious catalyst” for turning around investor sentiment consumer […]
DraftKings’ Robins remains coy on home-state sports betting
Summary: DraftKings CEO Jason Robins Friday said “it was impossible to predict” what would happen with sports betting legalization efforts in Massachusetts, his company’s home state and one of the most-watched potential legal wagering markets in the country. Why it matters: DraftKings has a vested interest both tangibly and intangibly in Massachusetts; an affluent, highly […]