Fanduel

The state of Michigan is considered key for the online sports betting market as the most populous state where operations have launched. The state has 12 online sports betting operators. Here's a look at the May sports betting figures for the Great Lakes State.  Related Link:...

One of the biggest sports stories of the weekend was the withdrawal by Jon Rahm from the PGA Memorial Tournament after testing positive for COVID-19. Rahm forfeited a potential $1.6 million payout if he won the tournament. While Rahm didn’t win money, several bettors did thanks to good-...

Online casino and sports betting provider GAN Ltd (NASDAQ: GAN) reported first-quarter financial results and announced a new partnership after hours Monday. What Happened: First quarter revenue was $27.8 million, up 262% year over year. The total came in higher than the Street consensus of $24.8...

One of the leading companies in the online sports betting and iGaming segment hosted a presentation Wednesday to show where the company stands and is going in the future. What Happened: BetMGM, a joint venture of MGM Resorts International (NYSE: MGM) and Entain ADR (OTC: GMVHY), shared it...

Michigan reported results for online sports betting and online casino for the month of March. The results showed how the state is becoming one of the largest in the industry despite February being its first full month of online sports betting. Online Sports Betting: Michigan reported $359...

Matt Higgins recently joined Benzinga’s “SPACs Attack” to discuss several topics, including the growth of the sports betting market. Sports Betting Change: Higgins counts vice chairman of the Miami Dolphins among his many roles. He also was an executive vice president of the...

Three sports betting companies were announced as official sports betting partners with the National Football League after market close Thursday. What Happened: The NFL announced Caesars Entertainment Inc (NASDAQ: CZR), DraftKings Inc (NASDAQ: DKNG) and FanDuel as “official sports betting...

A FanDuel initial public offering in the U.S. could be delayed by a legal battle between two owners of the sports betting company. What Happened: A lawsuit has been filed by Fox Corporation (NASDAQ: FOX) (NASDAQ: FOXA) against Flutter Entertainment (Pink: PDYPY).  “Fox...

New York has been one of the big storylines in the online sports betting industry with the state considering legalizing the market in 2021. News out on Tuesday show that the state could be close, but it may not be what everyone wanted. What Happened: New York could approve a limited-operator online...

Michigan is a "No. 1 seed for online growth" in sports betting and iGaming, BofA Securities analyst Shaun Kelley said Monday.  After a strong 10-day launch in January, online sports betting and iGaming in Michigan showed no signs of slowing down, the analyst said in an update on...

Michigan was expected to be one of the largest states for sports betting in the country after launching in 2021, and the figures from the first full month of online sports betting support the early predictions. Michigan Sports Betting, One Month In: The figures from the first full month of...

Traders could be getting a new way to get in on the action over online sports betting. What Happened: Ireland-based Flutter Entertainment Plc (OTC: PDYPY) is considering a spinoff in the US — with an IPO among the options — for its company FanDuel, Bloomberg and CNBC have reported...

Michigan legalized online sports betting and officially launched with 10 operators on Jan. 22. The results from the month of January are out and show a close race between the top four operators. What Happened: For the first 10 days of legalized online sports betting, Michigan had $115.2...

With more states allowing legalized sports betting for the 2020 NFL season, it shouldn’t be too big of a surprise that Super Bowl LV saw record numbers of bets and betting handle across several states. State Figures: Nevada led the way with $136.1 million bet on Super Bowl LV, according to...