PYMNTS-MonitorEdge-May-2024

gambling

Instant Payouts Take Center Stage as Online Sports Betting Gains Popularity
Instant Payouts Take Center Stage as Online Sports Betting Gains Popularity
May 12, 2023  |  Real-Time Payments

The proliferation of riskier, long-shot betting strategies may mean gamblers are more eager to get their winnings — now. The Wall Street Journal reported this...

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DraftKings Blows Past Q1 Revenue Record as More States Legalize Online Wagering
DraftKings Blows Past Q1 Revenue Record as More States Legalize Online Wagering
May 05, 2023  |  Earnings

Virtual sports betting is looking like a sure thing as DraftKings delivered a strong start to the year with more states legalizing online sportsbook (OSB)...

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UK Takes Aim at Problem Gambling With Proposed Regulation Updates
UK Takes Aim at Problem Gambling With Proposed Regulation Updates
April 27, 2023  |  Security & Fraud

The last time the U.K. issued gambling regulations, the iPhone hadn’t been invented. Since then, advances in technology and an increase in betting among the...

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Yahoo Bets on Wagr to Boost Its Gaming Offerings
Yahoo Bets on Wagr to Boost Its Gaming Offerings
April 25, 2023  |  Acquisitions

Yahoo has acquired peer-to-peer sports betting app Wagr to expand its sports fantasy platform. The deal, announced Tuesday (April 25), makes Nashville-based Wagr — the...

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Instant Payouts Essential to Growing Sports Betting Industry
Instant Payouts Essential to Growing Sports Betting Industry
April 06, 2023  |  Disbursements

Sports betting has always been big business in the U.S., although historically it has been mainly limited to shadowy corners of off-track establishments, bookies or...

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Sportsbooks Swelling to $200 Billion by 2025 Represent a New Game for Fraudsters
Sportsbooks Swelling to $200 Billion by 2025 Represent a New Game for Fraudsters
March 30, 2023  |  Security & Fraud

With online sportsbooks coming off a record Super Bowl in February and more states legalizing the practice at what seems like a monthly cadence, concerns...

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Paysafe Begins Supporting Newly Legal Massachusetts Sports-Betting Market
Paysafe Begins Supporting Newly Legal Massachusetts Sports-Betting Market
March 30, 2023  |  Payment Methods

Paysafe has expanded into Massachusetts to serve the newly legal sports gambling market. The entertainment-focused payment platform is supporting the mobile sports-betting market by enabling players...

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Super Bowl Bets Drive 82% Increase in RTP Gaming Payouts
Super Bowl Bets Drive 82% Increase in RTP Gaming Payouts
February 20, 2023  |  Payment Methods

Sports fans are adding real-time payments to their celebrations of the annual Super Bowl. On the Sunday and Monday immediately following this year’s big game,...

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Record 20% of Americans Expected to Bet on Super Bowl
Record 20% of Americans Expected to Bet on Super Bowl
February 07, 2023  |  Faster Payments

Legalized sports betting means wagers on this year’s big game could be bigger than ever. “With the expansion of legal sports betting, traditional Super Bowl...

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