Thomas Allen, an analyst with Morgan Stanley Bank, has upgraded DraftKings (NASDAQ:DKNG) based on the possibility of a good number of states legalizing sports betting in 2021, which led to an increase in its stock. Allen graded the sportsbook operator from equal weight to overweight. He pushed his price target on the brand from $39… Continue reading DraftKings Has Been Upgraded by Morgan Stanley, as Bank Projects 12 States Will Legalize Sports Betting in 2021
Category: Betting Regulation News
Betting Industry articles
ARK Invest Reckons Online Sports Betting Handle Will Rise to $180 Billion
The founder of ARK Invest, Cathie Wood, is of the opinion that there will be massive growth in the Esports, fantasy sports, and online sports betting industries. Cathie’s projections are not to be taken lightly, as she is renowned for identifying disruptive companies and markets before their share prices make a significant rise. The New… Continue reading ARK Invest Reckons Online Sports Betting Handle Will Rise to $180 Billion
Sports Betting in Connecticut Looks Promising in 2021
In the last few years, Connecticut has been shaky on sports betting for the two resident tribal casinos. However, lawmakers are now initiating a new sports betting bill under SB 146 that would give room for duopoly between both tribal casinos, the Mashantucket Pequot Tribe and the Mohegan Tribe of Indians. This bill was presented… Continue reading Sports Betting in Connecticut Looks Promising in 2021
Minnesota Sports Betting Bills To Be Introduced Next Week
The sports betting bills are being prepared by the Minnesota lawmakers to help regulate sports wagering in the Gopher State and might be introduced as earlier as next week. In 2019, State Rep. Pat Garofalo (R-Farmington) pitched for sports betting legislation and will be reintroducing the legislation. The State Senator, Karla Bigham (D-Cottage Grove), has… Continue reading Minnesota Sports Betting Bills To Be Introduced Next Week
Fox Bet Seeking Foothold in Michigan Mobile Sports Betting Market
Fox Bet will launch a mobile sportsbook app in Michigan this month as mobile sports betting becomes available for residents in the Wolverine state. The online betting company will compete in a crowded sports betting market, with the likes of DraftKings and BetMGM also set to launch mobile betting services this month. The greater competition… Continue reading Fox Bet Seeking Foothold in Michigan Mobile Sports Betting Market
DraftKings Becomes the First Sportsbook to Offer Drone Racing Markets
Betting giant DraftKings has agreed to a partnership deal with the Drone Racing League. The new deal makes DraftKings the first bookmaker to offer drone racing markets to bettors. With this new development, players will now be able to bet both in race-live and pre-race bets. While DraftKings currently operates in 43 states, only players… Continue reading DraftKings Becomes the First Sportsbook to Offer Drone Racing Markets
Tennessee Approves Churchill Downs as Sports Betting Operator
Churchill Downs gets the Tennessee Education Lottery Corporation’s (TEL) approval to be a new sports betting operator. This occurred in a special meeting held in Nashville on Wednesday. Churchill launching sports betting in Tennessee would be right on time for the Super Bowl—a big game set to hold on the 7th of February. Hence, the… Continue reading Tennessee Approves Churchill Downs as Sports Betting Operator
Kentucky Governor, Andy Beshear Campaigns for Sports Betting
While speaking to the host on Kentucky Educational Television, the Governor of Kentucky, Andy Beshear said he believes the right time to legalize Kentucky sports betting was long ago. He noted that sports betting should have been legalized when other states started it. Beshear’s push to legalize sports betting in Kentucky didn’t just start today.… Continue reading Kentucky Governor, Andy Beshear Campaigns for Sports Betting
William Hill Launches Sportsbook App in Washington DC
William Hill, the UK-based Caesar-owned sportsbook just made an announcement that it is starting operations and offering its services in Washington DC. it is worthy to note that it is not a full launch as the mobile sports betting app is only available in a small geographic area around the sportsbook at Capital One Arena,… Continue reading William Hill Launches Sportsbook App in Washington DC
After Years at SiriusXM, VSiN Betting is Moving to iHeartRadio
In one of VSiN’s most significant moves to date, to expand its already decent audio reach, the Las Vegas-based sports information network makes its sports betting audio content subscription-free. This move will be made possible by a partnership with iHeartMedia and especially its iHeartRadio subsidiary. VSiN, a Las Vegas-based sports information network, has always been… Continue reading After Years at SiriusXM, VSiN Betting is Moving to iHeartRadio