California OSB oppo a major focus of 1Q22 earnings
Summary: As earnings season begins to wind down, one of the core online gambling themes of 1Q22 earnings calls has been the California online sports betting opportunity—an opportunity that could be unlocked if a ballot measure is approved by California voters this fall. Executives from major publicly traded online gambling companies ranged from optimistic to […]
Maine timeline for sports betting
Hold on to your sports bets for now, Mainers1:25The state’s Gambling Control Unit will soon begin a long rulemaking process before the first legal sports bet can be placed in Maine, possibly in early 2024.May. 6, 2022Uploaded by NEWS CENTER Maine
EKG: 91% of U.S. adults will have access to sports betting by 2026
Summary: In a new report, the Eilers & Krejcik Gaming analyst team forecasts that by 2026, sports betting will be legal in 47 states representing 91% of the U.S. adult population. More in the graphic below. Why it matters: Sports betting has expanded faster than any other legal gambling vertical in America, the EKG team […]
Maine OSB launch could be delayed until 2024
Summary: Online sports betting in Maine might not go live for another two years, due to a potentially lengthy public hearings process that will decide the state’s sports betting rules. Maine’s gambling control unit executive director Milton Champion estimates that the state’s online sports betting sites could launch anywhere between April 2023 and early 2024. […]
DraftKings expects to trim (still massive) losses
Summary: DraftKings revised its 2022 financial guidance ahead of last Friday’s Q1 earnings call, expecting losses to improve to between $760-$840 million, ahead of initial projections that forecast between $825-$925 million in losses. Why it matters: The “improved” losses are still staggering figures as DraftKings has continued to spend aggressively to secure market share and […]