Articles by: Grant Mitchell

Draftkings

Lawyer in $206 Billion Tobacco Settlement Taking Aim at DraftKings  

Grant MitchellBy: Grant Mitchell
Richard Daynard, who teaches at Northeastern University, said that there are glaring similarities between marketing strategies employed by sports betting operators and tobacco companies. Following his lead, The Public Health Advocacy Institute, at which Daynard serves as president, filed a lawsuit against DraftKings in Massachusetts last Friday. 
12/13/2023
Legal
FanDuel Legal States

FanDuel Fought Against Proposed Rules to Protect Young and Problem Gamblers

Grant MitchellBy: Grant Mitchell
According to The Guardian, FanDuel, one of the largest online sportsbooks in America, lobbied in New York against a ban on verbiage that would attract those with or at risk of developing a gambling addiction. It also did not support a ban on sports betting advertisements near college campuses.
12/11/2023
Industry
USA Legal Betting

Financial Expert Says Sports Betting Will Cause Future Housing Crisis

Grant MitchellBy: Grant Mitchell
Meredith Whitney, known as the “Oracle of Wall Street,” said on Squawk on the Street on CNBC that as sports betting continues to increase in popularity, there will be even more customers that take on losses. As those losses incur, the current generation of homeowners will have nobody to sell their property to.  
12/08/2023
Industry
Draftkings

DraftKings Launches New “Pick6” Fantasy Sports Contest in Standalone App

Grant MitchellBy: Grant Mitchell
The new game format requires users to make two-six selections of “More” or “Less” on a player prop. Customers compete against other DraftKings users and can win a piece of a prize pool with every Pick6 contest they enter.
12/07/2023
Industry
USA Legal Betting

Dave Portnoy Ends Gambling Retirement for $1 Million Michigan-Bama Bet

Grant MitchellBy: Grant Mitchell
Portnoy recently admitted to taking “some monster losses.” Despite that, the controversial multimedia figure’s confidence is unwavering as the top team in the country prepares to take on the most dominant program of the CFP era.
12/06/2023
Industry
Mobile app casino

MGM Grand Detroit Workers Agree to Contracts, End City-Wide Labor Strike

Grant MitchellBy: Grant Mitchell
The strike, which involved workers from MGM Grand Detroit, Hollywood Casino at Greektown and MotorCity Casino, began on October 17. At the core of the workers’ issues were poor wages, which had not been increased at the rate of local inflation, in addition to healthcare coverage.
12/05/2023
Industry
Mobile app casino

Cuban Sells Share of Mavericks as Casino, Sports Betting Support Grows

Grant MitchellBy: Grant Mitchell
Cuban previously spoke of moving the Mavericks to a brand-new arena inside a casino-resort. The problem has been that Texas only recognizes casino gambling at three tribal locations and is one of 12 states that are still yet to legalize sports betting.
11/30/2023
Casino News
Draftkings

DraftKings New York Voided a $300,000 Parlay Because of Internal Error

Grant MitchellBy: Grant Mitchell
Rob, the bettor who created the parlay, played it three times with a total stake of $9,087.32 and the chance to win $318,056.20. The corrected odds of +100 would have won him the same amount as his stake.
11/30/2023
Industry
Mobile Betting

Alabama Legislators Preparing to Revisit Sports Betting Plans in 2024

Grant MitchellBy: Grant Mitchell
A committee that will be in charge of drafting the bill is expected to introduce a plan to legalize sports betting at a variety of retail locations. It will also focus heavily on ridding the state of illegal operators, which is a priority for Ledbetter.
11/27/2023
Legal
Mobile Casino

Casino-Goer Fatally Shot Fraud Suspect During Struggle with Police Officer

Grant MitchellBy: Grant Mitchell
Police were present at the casino at the time of the shooting but did not fire their weapons. Instead, a bystander discharged their weapon when they noticed the suspect fleeing, ultimately killing them and ending their escape attempt.
11/24/2023
Legal