With the help of GNOG, can DraftKings challenge BetMGM?
Summary: BetMGM is the runaway online casino leader in the US, but that could change following the recently finalized acquisition of Golden Nugget Online Gaming (GNOG) by DraftKings. Why it matters: According to Eilers & Krejcik Gaming’s proprietary estimates, BetMGM has a national market share of 28.4%, compared to DraftKings at 19.1%. Zooming in on […]
New Jersey online casinos continue 2022 growth
Summary: April online casino revenue in New Jersey finished at $136.9 million, marking a 27% increase year-over-year. Year-to-date online casino revenue totals $545.4 million in 2022, representing a 30.2% growth rate over 2021. Why it matters: Online casinos continue to flourish as the top revenue-producing legal online gambling vertical in the U.S. April’s $136.9 million […]
DraftKings finalizes Golden Nugget Online Gaming deal
Summary: DraftKings has finalized its deal to acquire Golden Nugget Online Gaming, the two groups announced Thursday. Why it matters: DraftKings sees the deal as a way to expand its online casino gaming product, which is far more lucrative per customer than online sports betting.The combined deal could save $300 million in business synergies, DraftKings […]
Golden Nugget, BetMGM top Jefferies momentum rankings
Summary: The Jefferies’ Digital Wagering Momentum rankings for March 2022 saw Golden Nugget Casino, BetMGM, and Tipico in the top three spots, according to an analyst note released Monday. Why it matters: The Momentum rankings measure month-over-month and year-over-year growth for 16 digital gaming brands across 13 metrics. Some of those metrics include Google search […]
Stutz on DraftKings SEC filing and acquisition of GNOG
@howardstutz: In an SEC fling, @DraftKings says it expects to close its $1.56 billion acquisition of Golden Nugget Online Gaming by the end of next month. Could this finally mean a @DKSportsbook in Las Vegas?Background from August https://t.co/KI41RGAeqg@TheNVIndy