Industry
Study Shows One in Five Men Risk 25% of their Paycheck on Sports Betting

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.
08/23/2023
NewsFanatics Sportsbook’s Fancash Lets Users Win Back Money With Every Sports Bet

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.
08/18/2023
NewsUnderdog Fantasy Blasts FanDuel, DraftKings for Wanting a “Monopoly”

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.”
08/12/2023
NewsPENN Partners with ESPN for ESPN Bet, Sells Barstool to Dave Portnoy

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.
08/11/2023
NewsJake Paul’s Betr Launches Betr Picks Fantasy Sports Ahead of Nate Diaz Fight

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.
08/03/2023
NewsFOX Bet Shutting Down After Struggling to Get off the Ground

“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.
08/02/2023
NewsMassachusetts Regulators Could Punish DraftKings for Accepting Illegal Bets

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.
07/27/2023
NewsJamie Foxx, BetMGM Tease New Collaboration Following Hospital Release

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.
07/25/2023
NewsNCAA President Confirms 175 Sports Betting Violations Since 2018, 17 Open Cases

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.”
07/20/2023
NewsThe Top Sports Betting Operators Are Only Gaining Power Over Competitors

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%.
07/18/2023
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