Fanduel

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said there was a “surge” in U.S. online sports betting (OSB) revenue in November. The Numbers: Total digital gross gaming revenue (GGR) in November was up 25% month-over-month and 129%...

Anyone who has watched a Formula 1 race in 2021 knows it has been one of the most memorable seasons the sport has ever seen. Viewers and followers also know the season has produced a heated rivalry between the two best drivers. Those two drivers battle it out on Dec. 12 in the...

A top provider of sports data announced a new exclusive deal and investment with a leading sports league. The announcement came on top of the company’s third-quarter financial results. What Happened: Sportradar Group AG (NASDAQ: SRAD) reported third-quarter revenue of $158.7 million, up 30%...

The state of New York has been one of the most followed for pending approval of sportsbook operators as the state works to launch mobile and online sports betting in the future. The state announced Monday the winning companies for licenses and more details. What Happened: New York has granted...

A leading sports betting provider in the United States reported earnings this week. The comments made by the company highlighted the huge sports betting handle being seen for National Football League games. What Happened: FanDuel parent Flutter Entertainment (Pink: PDYPY) reported third-quarter...

The state of Michigan stayed hot in September and continued its trend of being one of the largest online sports betting markets in the country. What Happened: The state's online sports betting handle hit $354.3 million in September, according to PlayMichigan. The total was up 84.2% from...

Houston Astros super fan Mattress Mack is back with some aggressive wagers on the 2021 World Series. Here’s how much he has wagered and why he is betting such a large amount. What Happened: In June, Jim “Mattress Mack” McIngvale placed a $2 million wager on the Houston Astros to...

One of the most beloved athletes in New England returns in a highly anticipated matchup between the Tampa Bay Buccaneers and New England Patriots for Sunday Night Football. What Happened: Tom Brady and the Buccaneers travel to Gillette Stadium for a Week 4 matchup on NBC, owned by Comcast...

Fox Corp (NASDAQ: FOX) (NASDAQ: FOXA) shares traded higher by 0.6% on Thursday after the company landed a Wall Street upgrade. The Analyst: Rosenblatt Securities analyst Mark Zgutowicz upgraded Fox from Neutral to Buy and raised his price target from $39 to $48. The Thesis: In the upgrade note,...

The surge of sports betting acquisitions continues with the parent company of several sports leagues investing in the growing sports betting vertical. What Happened: Endeavor Group Holdings Inc (NYSE: EDR) announced the acquisition of OpenBet for $1.2 billion, consisting of $1 billion in cash and $...

A leading sports betting analyst sized up the news of Draftkings Inc (NASDAQ: DKNG) attempting to acquire Entain ADR (OTC: GMVHY). What Happened: On Tuesday, DraftKings confirmed it was seeking to acquire Entain, a leading European sports betting company. The acquisition could have a huge...

The surge in sports betting platforms and states where it is legal has created a huge market opportunity for companies that operate in the growing sector. One such company will test the public markets with an IPO scheduled for Tuesday, Sept. 14. The Sportradar IPO: Sportradar (NASDAQ: SRAD) is...

A new study from PlayUSA.com revealed an estimate for the amount of money consumers will wager on National Football League and college football games in the upcoming 2021-2022 season. What Happened: PlayUSA estimates $20 billion in bets will be made for the upcoming football season,...

Six months after launching online sports betting, the Michigan market had wagers of $1.69 billion in July, making it one of the top states in the country. Here is a look at the top names for online sports betting and online casino in the state of Michigan. What Happened: Data for the month of July...

One of the most anticipated states to bring online sports betting to its residents remains New York. The state is in the middle of receiving bids from parties for a license, a process that could now get messy with the resignation of Gov. Andrew Cuomo. What Happened: Cuomo favored a...