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FanDuel Urges Florida Players to Vote ‘No’ on Amendment 3, Claims Ballot Measure Threatens DFS, Sports Betting

Fan Duel Florida Amendment 3 battle

DFS and sports betting operator FanDuel has joined the fight against Amendment 3 in Florida, a ballot measure that if approved would place all future gambling expansion in the state in the hands of voters. Opponents of Amendment 3 say the measure will rob lawmakers of powers to negotiate new casino profit-sharing deals with the…Read More

FanDuel Launches ‘Pick 6’ NFL Sports Betting Game Via Alexa Devices

FanDuel recently made the leap from online DFS site to land-based sports betting operator — and now, to Amazon Echo and other Alexa devices. If there were ever a clearer sign that sports betting had very suddenly become mainstream in America, it’s that you can now register your picks for the week’s NFL games simply…Read More

New Jersey Goes Crazy for Sports Betting as DraftKings Processes Two Millionth Bet

DraftKings

New Jersey sports betting is going through the roof, according to DraftKings. The daily fantasy sports giant-turned New Jersey sports book operator took its two-millionth bet at some point over the weekend. DraftKings announced via Twitter on Thursday that it expected to hit the milestone on Sunday. The company became the first mobile operator in…Read More

FanDuel Reentered Texas Market Out of ‘Business Necessity,’ Documents Reveal

FanDuel

FanDuel re-entered the Texas daily fantasy sports market last month in defiance of the state attorney general’s office because its absence since 2015 had damaged its business and valuation, causing it to fall behind DraftKings in the pecking order. That’s according to documents seen this week by PlayUSA.com. The documents — correspondence between the company…Read More

Dallas Cowboys Partnership with Oklahoma Tribal WinStar Casino Opens Door to Whole New World of Marketing for NFL Teams

Leave it up to Jerry Jones and the Dallas Cowboys to try to upstage the NFL’s opening night. Hours before the Atlanta Falcons and Philadelphia Eagles open the season Thursday, the Cowboys owner announced a first-of-its-kind-deal in NFL history. WinStar World Casino Resort has become the official casino sponsor of the Dallas Cowboys, marking the…Read More

FanDuel and William Hill Sports Betting Apps Go Live in New Jersey as the Field Starts to Get Crowded

New Jersey sports betting

The New Jersey mobile sport betting market swelled over the weekend, as two new entrants, FanDuel and William Hill, launched their wagering apps. There are now five players in the mobile market since DraftKings earned first-mover kudos just under a month ago. And it may not end there. With the NFL season just days away,…Read More

Despite Saying Daily Fantasy Sports Dehumanize Players, NFL Star Richard Sherman Founds DFS Platform

daily fantasy sports Richard Sherman

NFL star Richard Sherman hasn’t always been a fan of daily fantasy sports (DFS). Last October, the player made comments that the online gaming contests essentially dehumanize players. “A lot of fans out there have looked at players even less like people because of fantasy football,” Sherman opined during a press conference. “You’re not thinking,…Read More

Ohio Sports Betting in Doubt for 2018 as Senator Questions Constitutional Validity

Ohio sports betting

It’s looking like a long shot that lawmakers in Ohio will legalize sports betting before the end of the year as the debate heats up on the legalities of the concept itself. With the NFL season just around the corner, that’s bad news for Browns fans hoping they’d be able to place a legal wager…Read More

Nigel Eccles, Other FanDuel Founders Suing Preferred Shareholders for $120M

Nigel Eccles FanDuel lawsuit

Nigel Eccles and his fellow FanDuel founders are suing the company’s preferred shareholders for more than $120 million, saying that the daily fantasy sports firm was purposely undervalued when Paddy Power Betfair (PPB) acquired it earlier this year. Eccles is joined in the lawsuit by his wife Lesley Eccles, Tom Griffiths, and Rob Jones. All…Read More

FanDuel Group Receives West Virginia Sports Betting License

nDuel gets West Virginia sports betting license

West Virginia is issuing its first sports betting licenses. On Friday, The FanDuel Group received a license to operate a sports book in the Mountain State, in partnership with historic, luxury hotel resort, The Greenbrier, Sportshandle.com reports. But the Greenbrier won’t be the first into the market. The West Virginia Lottery Commission’s general counsel, Danielle…Read More

‘Loss-Making’ Fan Duel Contributes to Paddy Power Betfair’s Revised Earnings Forecast

Paddy Power Betfair CEO Peter Jackson

Paddy Power Betfair (PPB) has said that losses incurred by its US operations, the FanDuel Group, has forced it to revise its earnings outlook for the year. Meanwhile, a lucrative World Cup failed to offset higher betting taxes in Australia and disappointing revenues from horse racing. PPB said it expected its full year EBIDTA to…Read More

DraftKings Launches Trial Version of First Mobile Sports Betting App in New Jersey

DraftKings online mobile betting

DraftKings and its partner, Resorts Casino Hotel in Atlantic City, received approval to begin accepting online sports bets, the first operator to be allowed to do so since legal sports betting launched in New Jersey. The DraftKings Sportsbook app was available to a limited number of users on Wednesday, as it entered a trial period…Read More

Illinois Online Gaming Kickstarted by Chicago Lawmaker Amid Sports Betting Push

Bob Rita

Illinois State Rep. Bob Rita wants the state legislature to take a serious look at online gaming and sports betting next year, and for that he needs allies. The Blue Island Democrat will lead a series of hearings in a bid to build consensus on online poker, online casino, daily fantasy sports, and sports betting…Read More

FanDuel Brand Takes Startling New Direction, Announces New Jersey Online Casino

FanDuel Casino

The FanDuel Group has announced its intention to launch an online casino in New Jersey in partnership with the Golden Nugget, as well as an internet sports betting platform with the Meadowlands racetrack, later this year. The online sports betting platform was anticipated — FanDuel recently completed its merger with Betfair US, offering parent company…Read More

Legalized Sports Betting to Benefit Television Networks, Analyst Says

sports betting television NFL ratings

With the federal sports betting ban a thing of the past, and states now possessing the authority to dictate their own laws regarding the gambling activity, television networks that broadcast sporting events stand to reap the rewards of increased advertising revenue. Morgan Stanley media analyst Ben Swinburne tells Awful Announcing that major sports betting companies…Read More

DFS Revenue Plateaus, Legal Sports Betting Could Be Dampening Thrill of Fantasy Sports

Daily fantasy sports

The daily fantasy sports market has stagnated, according to new figures released by the New York State Gaming Commission. The regulator reports that all DFS sites licensed in New York State, which includes all the major players in the industry, handled $3.2 billion in entry fees in the last fiscal year to April, generating $335…Read More

Pennsylvania Daily Fantasy Sports Generate $12.4 Million in Contest Fees During First Month

Pennsylvania daily fantasy sports revenue

Pennsylvania daily fantasy sports (DFS) has its first full month in the books, and it was a strong debut for the industry’s two major players. FanDuel and DraftKings respectively reported adjusted revenue (income after distributing winnings) of $673,013 and $632,008. That accounts for 98 percent of the state’s entire DFS market. Ten DFS operators have…Read More

DraftKings Signs Sports Betting Deal with Kambi Group

DraftKings

Daily fantasy sports giant DraftKings will shortly make the leap into legal and licensed sports betting in New Jersey with the help of the Kambi Group. A Kambi Group presser released Wednesday revealed the deal came ahead of DraftKing’s “imminent sportsbook launch in the US state of New Jersey.” Malta-based Kambi was formerly part of…Read More

Sports Betting All Over Atlantic City’s East Coast Gaming Congress, Bill Bradley Probably Not Attending

East Coast Gaming Conference is all about sports betting but Bill Bradley won’t be joining

Sports betting is naturally the hot topic of this year’s East Coast Gaming Congress, which kicked off today (Wednesday) at Harrahs Casino & Hotel in Atlantic City. The first day of events includes an in-depth talk on “Sports Betting: Where Does It Stand in mid-2018 and where is it going?” Where does it stand? Thanks…Read More

DraftKings Australia Launches with DFS, Is Sports Betting Next?

DraftKings Launches DFS in Australia

Daily fantasy sports market-leader DraftKings announced the launch of its Australian platform on Monday, bringing the countries it operates in outside its core North American market to six. Since early 2017, when it debuted in the UK, the company has slowly rolled out its services to Germany, Malta, Ireland and Austria, but with none of…Read More

DraftKings Moves Into New Jersey Sports Betting Sphere, Partnering with Resorts Atlantic City

DraftKings

DraftKings — the biggest daily fantasy sports (DFS) operator on the market — is diving head first into the burgeoning business of sports betting. With the US market newly opened up following the Supreme Court’s May PASPA overturn decision, the DFS giant has been ready to roll for a while in anticipation of the move….Read More

States Assert Right to Regulate US Sports Betting as Leagues Call for Federal Intervention

US Sports betting

State gambling regulators are fighting back against the major sports leagues’ assertion that US sports betting would be better regulated by the federal government than by individual states. A statement on Tuesday issued on behalf of four state regulators in Nevada, Michigan, Massachusetts and Louisiana by the International Center for Gaming Regulation at the University of Nevada,…Read More

Paddy Power Betfair Merger with DFS Giant FanDuel Follows on Heels of PASPA Sports Betting Ban Overturn

Paddy Power Betfair DraftKings

Paddy Power Betfair (PPB) has announced it will acquire the daily fantasy sports operator FanDuel, which it will merge with its existing US assets, a deal which could position the new alliance as one of the biggest players in the developing American online gambling industry. Under the terms of the agreement, Paddy Power is contributing…Read More

Paddy Power Betfair in Talks to Acquire FanDuel as It Moves for US Sports Betting Market

Paddy Power Betfair in talks to acquire FanDuel

UK-based Paddy Power Betfair confirmed rumors on Tuesday that it’s in negotiations to buy daily fantasy sports giant FanDuel, as it sets its sights on the American sports betting market. The bookmaker envisages a merger between FanDuel and its own fledgling US operations “to create a combined business to target the prospective US sports betting…Read More

DraftKings Stakes Claim for US Legalized Sports Betting, Expanding from DFS Only

DraftKings sports betting

This morning, the US Supreme Court overturned PASPA, the professional sports betting ban. Now, the scramble to claim a piece of the new American sports betting market begins. DFS giant DraftKings wasted no time in staking its claim in the form of a press release that had presumably been poised since last June, when the…Read More