Online sportsbook company DraftKings has made a last-minute bid to buy the U.S. business of betting firm PointsBet. The $195 million offer from the company Friday (June 16) is designed to top a $150 million agreement reached between PointsBet and DraftKings rival Fanatics last month....
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 are rising about the security of betting pay-ins and payouts on these apps and platforms. Market research firm Insider Intelligence...
The Super Bowl is synonymous with a surge in online sports betting. Last year, Americans wagered around $7.6 billion overall on the event, according to the American Gaming Association, with tens of millions of Americans going online to do so. This year could shatter records. Over the...
February 07, 2023
The Super Bowl is synonymous with a surge in online sports betting. Last year, Americans wagered around $7.6 billion overall on the event, according to the American Gaming Association, with tens of millions of Americans going online to do so. This year could shatter records. Over the past few years, nearly two dozen states have enabled sports […]
July 10, 2023
Shares of DraftKings soared to a 52-week high Monday (July 10). The Boston-based firm’s projected profitability on an adjusted EBITDA basis took the stock up 7.96% to a $28.79 per share, Seeking Alpha reported Monday. Analysts have taken notice of the sports betting stock’s performance, according to the report. For example, Oppenheimer has bumped up its […]
June 16, 2023
Online sportsbook company DraftKings has made a last-minute bid to buy the U.S. business of betting firm PointsBet. The $195 million offer from the company Friday (June 16) is designed...
