Blog Posts

Rivalry, an international betting and media company based in Toronto, has reported its highest-ever quarterly revenue of CA$12 million in Q1 2023, representing a year-on-year growth rate of 151%. The company also achieved a gross profit of $5.4 million, an increase of 89% from Q1 2022. Although Rivalry continued to […]

In 2018, the U.S. Supreme Court overturned the federal ban on sports betting, known as the Professional and Amateur Sports Protection Act. Since then, Americans have wagered more than $220 billion on sports, according to analysis by the American Gaming Association. Among the states, Nevada and New Jersey have seen […]

The head of Maine’s Gambling Control Unit, Milt Champion, has expressed optimism that sports betting could be launched in the state by November. This comes as the agency published a revised draft of rules governing sports betting in Maine after receiving nearly 600 public comments on the initial draft released […]

In April, a total of $579,262,822.66 was wagered on current and future in-person and online sports bets in Massachusetts. Retail licensees offering in-person sports wagering generated $364,481.54 in taxable gaming revenue during the month. The combined gaming revenue from six online platforms amounted to $58,548,295.26. The state collected a total […]

Illinois sports betting industry had a record-breaking March with total bets exceeding $1 billion, and the sportsbooks generated revenue of nearly $107.5 million. The March Madness basketball tournaments were a significant factor in driving the betting volume, and the bets on these games contributed to the new record for the […]

On May 12, the Texas House approved two bills that would legalize resort casinos and online sports betting in the state. Bill HJR 155, which would allow for eight resort casinos and retail sports betting at casino locations, was approved 92-51, falling short of the two-thirds required for constitutional amendments. […]

DraftKings has partnered with Samsung to launch DraftKings Network, a 24/7 free ad-supported TV service (FAST) channel, available on Samsung TV Plus. This makes DraftKings the first US sportsbook to launch such a channel, which aims to provide programming for both sports fans and sports bettors. Among the featured presenters […]

Detroit’s three casinos reported under $110 million in revenue in April, down 8% from a year ago, partly due to a $2.6 million payout from a sports betting parlay win. The casinos paid $69,237 in taxes to the state and $84,624 in taxes to the city based on retail sports […]

FanDuel reported strong results in the first quarter of 2021, with average monthly players growing by 46% to 3.4 million, and revenue jumping 112% to $1.1 billion. FanDuel’s retention rates were praised by Flutter CEO Peter Jackson as contributing to monthly player growth, which in turn helped to increase market […]