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U.S. sports betting revenue is up 435% year-over-year to $2.12B through July with more states open for land and mobile action, according to the latest update from Eilers & Krejcik Gaming. The state accounting for the biggest share is New Jersey with $423M through the end of July. The firm...
In 2020, Alta Fox Capital analyzed 104 stocks that returned over 350% in the last 5 years to learn what makes a multi-bagger. GAN Limited has a number of the characteristics laid out in Alta Fox Capital's report. GAN Limited's advantageous positioning and strategic use of capital ...
simonkr/E+ via Getty Images Marc Lasry, co-founder and chief executive officer of Avenue Capital Group, as well as the co-owner of the Milwaukee Bucks NBA team, said Tuesday that he thinks the legalization of sports gambling will continue, with more states passing legislation to allow the act...
Hirurg/iStock via Getty Images Eilers & Krejcik Gaming is out with a detailed report on sports betting. The firm notes that single-game sports betting is now legal in 31 states and 56% of the U.S. population resides in a state where betting on games is legal. Another 9 states have sports ...
PlayUSA Network estimates that the March Madness sports betting handle came in at $1.56B this year. "Betting on the NCAA Tournament came in on the high end of our projections. Enthusiasm in new markets, particularly in Michigan, Tennessee, and Virginia, but also in Colorado and Indiana, reall...
The developments on sports betting legislation continue to trend very favorably. Morgan Stanley analyst Thomas Allen points to numerous reports indicating that Florida could legalize online sports betting this year with a deal with the Seminole tribe. Allen also says a recall vote in Californ...
Will it be March Madness or March Sadness for the sports world over the next few weeks?The ACC basketball tournament continues to be disrupted by COVID-19 issues with the Virginia vs. Georgia Tech semifinal canceled due to a positive case on Cavaliers basketball team. Duke was exited from the...
Morgan Stanley says sports betting tallies were even stronger than anticipated for the Super Bowl. New Jersey betting volume was up 115% Y/Y to $117M, with a strong hold rate of 9.6%. Pennsylvania betting volume increased 74% to $54M, with an even strong hold rate of 17.5%.Illinois betting vo...
One of the top-performing property sectors last year, Casino REITs delivered surprisingly steady performance in 2020 despite the temporary closure and dramatically reduced usage of casino facilities throughout the pandemic. Unlike hotel REITs, casino REITs typically own propertie...
Super Bowl LV is expected to be the most wagered on single event in U.S. history as legal online and retail sportsbooks across 21 U.S. jurisdictions take action.Sports betting is legal in at least some form in Arkansas, Colorado, Delaware, Illinois, Indiana, Iowa, Michigan, Mississippi, Monta...
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