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California may see two separate sports betting initiatives on the state ballot in November. A coalition led by DraftKings (NASDAQ:DKNG +0.5%), Flutter Entertainment's FanDuel (OTCPK:PDYPY), MGM Resorts (MGM)-Entain (OTCPK:GMVHF) property BetMGM confirmed that it submitted more than 1.6 millio...
Recent statistics released by both New Jersey and Pennsylvania point to strong growth in sportsbook activity even outside of peak football season gambling. Per PlayNJ, the NCAA Tournament sparked over $1.1 billion in wagers at New Jersey’s online and retail sportsbooks, se...
The metaverse and sports betting space are two thematic market areas that have grown exponentially, and now the investment community may have access to two new leveraged exchange traded funds that can compound their positions further. According to a U.S. Securities and Exchange Commission Fil...
Flutter Entertainment's (OTCPK:PDYPY) FanDuel Group launched a fully integrated real money online gaming experience for residents and visitors to Ontario, Canada. The debut of the FanDuel Sportsbook app and the FanDuel Casino app in Ontario, Canada coincides with the Alcohol a...
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Mond...
Online sports betting operators in New York generated $428M in handle for a week (March 14-20) that covered four days of the NCAA tournament, according to the New York State Gaming Commission. That tally was close to the $472.1M generated during the week in February that included the Su...
CBRE Equiry Research dove into the value side of investing in U.S. sports betting stocks in a new note posted on Wednesday. Analyst John DeCree said the value of U.S. sports betting businesses is now dislocated due to the risk-off sentiment in the market. "While we appreciate the uncertainty ...
(Roberto Cortese/Unsplash) This week on Wall Street, investors will be anxiously awaiting the Fed Reserve’s meeting next week where the first increase in interest ra...
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DraftKings (DKNG -0.8%) cut its loss on Thursday after ESPN reported that Major League Baseball and the MLB Players Association reached a tentative agreement on a new labor deal. The agreement still needs to be ratified by both parties, but players could report to spring training camps as ear...
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(Roberto Cortese/Unsplash) This week on Wall Street, investors will be anxiously awaiting the Fed Reserve’s meeting next week where the first increase in interest ra...