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The Improbable Bet: How One Lucky NFL Fan Turned $50 Into $450K
Friday, December 17, 2021 - 4:45pm | 412One bettor may know the National Football League better than anyone else... or just have some great luck on their side. What Happened: A $50 bet placed with Caesars Sportsbook paid out a significant amount to one user who managed to guess the right side of 14 different NFL matchups betting on...
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Detroit Lions Thanksgiving Day Spread: Betting Odds, Historical Performance And More
Thursday, November 25, 2021 - 11:59am | 540The Detroit Lions have played in an annual Thanksgiving Day game every year since 1934, only missing six games due to World War II. Here’s a look at how the team has performed all time and over the last 12 years. Thanksgiving Day Records: The Lions hold an all-time 37-42-2 record in...
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Wynn CEO Leaving, SPAC Deal Called Off: Is A Buyout Coming?
Friday, November 12, 2021 - 3:53pm | 610Two recent items for a casino stock could signal a buyout coming. Here are the details to consider. What Happened: On Friday morning, Wynn Resorts (NASDAQ: WYNN) announced it was terminating a previously announced SPAC merger for Wynn Interactive with Austerlitz Acquisition Corporation I (NYSE...
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DraftKings Analysts Unimpressed By Q3 Earnings, But Sports Betting Company's 2022 Guidance A Highlight
Tuesday, November 9, 2021 - 12:35pm | 517Sports betting pure play company DraftKings Inc (NASDAQ: DKNG) reported third-quarter financial results on Friday. Analysts shared their takes on the company’s quarterly results and guidance. The DraftKings Analysts: Bank of America analyst Shaun C. Kelley has a Neutral rating and $60 price...
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9 Stocks To Watch As New York Announces Winning Sports Betting Operators
Monday, November 8, 2021 - 6:19pm | 744The 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...
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Flutter Says Each NFL Week Is Like The Super Bowl: How The NFL Season Is A Major Catalyst For Sports Betting Stocks
Wednesday, November 3, 2021 - 1:48pm | 523A 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...
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DraftKings Drops Deal Talks With Entain: What Investors Should Know
Tuesday, October 26, 2021 - 11:42am | 537As consolidation continues in the sports betting and online gaming space, one rumored deal has failed to materialize. What Happened: DraftKings Inc (NASDAQ: DKNG) announced Tuesday that it will not be holding further talks with the Entain ADR (OTC: GMVHY) board of directors or making...
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Bettor Makes $1M On Parlay Thanks To Cleveland Browns Win
Friday, October 22, 2021 - 12:40pm | 495A bettor in Illinois sweated the Thursday Night Football matchup between the Cleveland Browns and Denver Broncos. What Happened: Marco Piemonte, a 32-year-old from the Chicago suburbs, won over $1 million on a parlay placed with DraftKings Inc (NASDAQ: DKNG) this week, Action Network reported. The...
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Analyst Raises TAM For Online Sports Betting, Highlights A Few Big Winners
Wednesday, October 20, 2021 - 4:43pm | 815September was a big month in the world of sports betting: a record was set in New Jersey for betting handle and an operator in Michigan became the first to reach the $100 million handle milestone. An analyst took a look at how the top states are doing in sports betting and how the big three...
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New Jersey Breaks Sports Betting Record With $1B In September: Stocks To Watch
Monday, October 18, 2021 - 5:50pm | 611The state of New Jersey set a new sports betting record in the month of September with $1.01 billion placed in wagers. The record came with the return of the NFL and College Football games. What Happened: New Jersey is the first state to hit the $1 billion mark, according to PlayNJ. Legalized in...
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Michigan September Online Sports Betting Heats Up, DraftKings Passes $100M: Do Profits Matter?
Friday, October 15, 2021 - 4:03pm | 1058The 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...
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Tom Brady Returns To New England For Sunday Night Football: Best Betting Odds And Promotions
Friday, October 1, 2021 - 4:23pm | 984One 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...
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Could DraftKings Beat MGM To Acquiring BetMGM Joint Venture? What Investors Should Know
Tuesday, September 21, 2021 - 6:17pm | 738The sports betting market continues to see new players emerge as casino and sports-related companies look to take advantage of the growing market. With the increased number of players, it becomes likely consolidation will happen. It has already started in 2021 and looks ready to heat up,...
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How A Lions Win Over Packers Could Net A Huge Payout From This $25 BetMGM Wager
Monday, September 20, 2021 - 4:24pm | 580A popular sports betting wager is a parlay where a user can place a wager on multiple outcomes all happening. The strategy creates a high risk, high reward situation in most cases with all “legs” of the parlay having to hit for the wager to pay out. The second week of the NFL...
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Dave Portnoy: DraftKings, FanDuel Will Knock Each Other Out As Barstool Sportsbook Focuses On Loyalty
Friday, September 17, 2021 - 3:56pm | 885A leader in the sports betting space could be a long-term winner with a unique approach to acquiring and retaining customers. Marketing Approach: Barstool Sportsbook, which is partially owned by Penn National Gaming (NASDAQ: PENN), utilizes a rent vs. buy strategy. “We are the marketing,...