Barstool Sportsbook trips out the gate, but recovers. Meanwhile, FanDuel may have already run afoul of the state’s advertising rules.
Flutter CEO Peter Jackson says company will decide future of FOX Bet “at the appropriate time” while giving a nod to Fox Corporation for how advertising played out during the Super Bowl.
FanDuel and DraftKings combined for nearly 86% of the new market. But operators’ deductions for promotions wiped out nearly all the tax revenue to the state.
Judicial Arbitration and Mediation Services (JAMS) rules that Fox Corp. has until August 2023 to acquire up to 50% of The Stars Group US, a Flutter subsidiary that includes PokerStars US.
Survey by the Public Policy Institute of California (PPIC) suggests industry-backed initiative for California online sports betting is doomed, despite nearly $170 million spent to date in support.
Two regulators, the Kansas Racing & Gaming Commission (KRGC) & the Kansas Lottery Commission (KLC), sent proposed rules to AG Derek Schmidt last week.
Data from the Connecticut Department of Consumer Protection (CDCP) suggest CT sports betting handle could total nearly $1.4 billion by year’s end.
Even with June lows, the Empire State collected $302.2 million in tax revenue in just under six months. That’s more than either NJ or PA has collected since 2018.
April figures show FanDuel is the leading sportsbook in seven of the 15 states in which it operates, holding a 55% market share in its biggest states.
The global gaming conglomerate’s US division, which includes FOX Bet and PokerStars, acquired 1.3 million additional customers during the quarter, helping offset losses elsewhere.
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