5313 stories by Todd Shriber
Chicago Budget Contains Sports Betting Tax, SBA Warns of Bettors Using Illegal Bookies
Chicago’s newly passed budget features a new sports wagering tax. It works out to 10.25% on operators’ revenue generated in the city. Sports Betting Alliance warns tax lacks licensing framework, meaning some operators could leave the city as soon as January. Chicago’s...
Rush Street Interactive Stock Could Be Winning 2026 Bet
It’s been a star among iGaming/sports betting equities in 2025 Analyst says the stock enters 2026 with tailwinds Online sports betting remains a “steady” growth industry In arguably quiet fashion, Rush Street Interactive (NYSE: RSI) is up nearly 41% year to date,...
FanDuel Predicts Goes Live in Five States, More Coming Soon
FanDuel Predicts debuts in five states as part of “phased national rollout” Sports event contracts will be available in states that don’t permit sports wagering Prediction market platform is expected to debut in other states soon and into 2026 FanDuel Predicts, the...
Robinhood Readying for Prediction Markets ‘Supercycle,’ Says ARK
Robinhood recently announced significant prediction markets expansion Cathie Wood’s ARK Investment Management compares prediction markets to traditional financial derivatives Wood says Robinhood is on the cusp of a prediction markets “supercycle” Fresh off a recent announcement regarding a major push into prediction...
FanDuel Owner Flutter a Stock to Own in 2026, Says Barron’s
Flutter Entertainment is one of 10 stocks the financial journal recommends for 2026 It’s the only gaming name on the list Shares of the FanDuel owner are off 14% in 2025 Another run of bettor-friendly football results and the emergence of prediction...
FanDuel Sports Networks Owner on Brink of Collapse
Main Street Sports Group risks collapse unless the company can execute a sale to DAZN The company runs the FanDuel-branded regional sports networks (RSNs) The financial stress doesn't pertain to FanDuel owner Flutter Entertainment The owner of the regional sports networks (RSNs)...
Red Rock Stock Could Be Boosted by Boomers, Big Beautiful Bill
It’s one of 2025’s best-performing casino stocks Baby boomer wealth, One Big Beautiful Bill, could propel the shares again in 2026 Durango expansion seen as contributing factor to potential 2026 upside Up nearly 37% since the start of 2025, Red Rock Resorts...
DraftKings Predictions Live in 38 States, Including California, Texas
The sportsbook giant launched its prediction markets platform on Friday It’s available in 38 states, including some where sports betting isn’t permitted, such as California, Georgia, and Texas Trades will be cleared through a CME Group exchange, not through Railbird DraftKings (NASDAQ:...
Bally’s Owner Standard General Could Make Run at CNN
Report suggests a Warner Bros. Discovery investor reached out to Soo Kim about potentially acquiring that company’s cable networks, including CNN. Kim founded Standard General, the hedge fund that owns Bally’s. The money manager is well-versed in the media industry. Talk about...
Illinois Sports Betting Tax Resulting in Fewer Bets, More Revenue for State
Illinois' per-bet tax is leading to reduced betting and more revenue for the state Other states unlikely to follow suit, says research firm Acknowledging the data should be consumed with grains of salt, a research firm points out that since Illinois implemented...
