Industry

61% of respondents that indicated they bet on sports said that they did so daily or weekly. On top of that, four in five said that they spend up to six hours per day on various online sportsbooks or sports betting mobile apps.

Users have the opportunity to win up to 5% of their wagers back with Fancash, which is a currency that can be used at the Fanatics sportsbook or on Fanatics merchandise. In the same way bet slips show combined/parlay odds for multiple wagers, Fanatics will show the Fancash total for a bet slip with at least one selected wager.

Underdog believes that the development and growth in the Fantasy Sports community is coming to the detriment of FanDuel and DraftKings, which is why they are using “their deep pockets and political muscle to try to influence government officials, and exerting their market power to influence [Underdog’s] business partners.”

ESPN, the American leader in worldwide sports coverage, will now be in charge of creating betting lines for a variety of sports events. Other top online sportsbooks will still have the opportunity to advertise their platforms on ESPN despite the new deal.

Betr Picks was described in the company’s press release as “pick ’em style fantasy games,” making it akin to the popular betting platform Prize Picks. Betr’s new vertical is already available in 24 states despite Betr’s sportsbook being restricted to Ohio, Massachusetts, and soon, Virginia.

“A phased closure of FOX Bet’s operations will take place between 31 July and 31 August 2023,” a press release confirmed. The decision comes after the sportsbook struggled to compete with other top powers in the American sports betting landscape such as FanDuel, DraftKings, and BetMGM.

The MGC met Monday to discuss the action of DraftKings, which is headquartered in Boston, which involved the acceptance of hundreds of different bets worth nearly $8,000 on the UTR Pro Tennis Tour. This event is not on the approved catalog that was released by the MGC and is therefore illegal for operators.

Foxx partnered with BetMGM, a famous gambling and legal sports betting leader, in 2020 and starred as the face of their “King of Sportsbooks” campaign. The move was a response to a slew of stars and celebrities signing with different gambling companies amid the rise of American sports betting.

In addition to the 175 violations, Baker said that roughly 0.25% of the NCAA’s estimated 13,000 sporting events were flagged for suspicious betting activity, and that “a much smaller percentage have specific, actionable information.”

America’s top two operators are responsible for roughly three-fourths of the entire online betting handle, according to investment banking firm Jefferies. BetMGM is next in line with 9%, which is still a fair distance behind FanDuel (45%) and DraftKings (30%). Caesars, the fourth of the “Big Four” operators, is around 6%.