by Giovanni Shorter | May 26, 2022 10:39 am | Revenue
Since its launch in January 2022, NY has seen over $400 million in mobile betting revenue with the state seeing over $200 million in taxes. ALBANY, N.Y. – Morgan Stanley has recently given its projections on the New York sports betting market, predicting revenue...
by Giovanni Shorter | Mar 16, 2021 11:12 am | Sports Betting
FanDuel has signed multiple partnerships in 2021 already, including Bally’s Corp, Kenny Smith, and Boyd Gaming Parent company Flutter Entertainment is considering making FanDuel a publicly-traded company, giving it its own IPO. FanDuel has launched a second sportsbook...
by Hasan Nabulsi | Feb 27, 2021 1:41 pm | Sports Betting
The sports betting market will grow to $9.2 billion by 2025 according to a report by J.P. Morgan. DraftKings was estimated to spend $93 million on advertising through the first three quarters of 2020. Major media outlets such as ESPN, FOX Sports, and Bleacher Report...
by Christina Monroe | Dec 22, 2020 11:07 am | Sports Betting
Former NBA superstar Charles Barkley will represent FanDuel during NBA on TNT broadcasts. FanDuel previously struck a deal with Turner Sports to give them access to NBA games on TNT. Morgan Stanley estimates that the United States sports wagering industry will bring...
by Giovanni Shorter | Aug 31, 2020 11:03 am | Sports Betting
Investment banking company Morgan Stanley has downgraded both DraftKings and Penn National. Thomas Allen cites investor’s expectations being too high as to why their growing value on the NASDAQ is happening. The company still predicts both DraftKings and Penn...
