by Michael Molter | Dec 9, 2024 11:28 am | Sports Betting
As a bipartisan issue, Senators Mike Lee and Peter Welch wrote to the Federal Trade Commission asking for an investigation into DraftKings and FanDuel – two sportsbook operators who control over three-fourths of the US betting market. The sportsbooks faced a similar...
by Michael Molter | Jul 19, 2024 12:26 pm | Sports Betting
DraftKings and FanDuel sportsbook hold nearly 75% of the market share for US sports betting. While MGM and Caesars make up another ~15%, the remaining 10% is split between way too many operators. PHOENIX – Recent withdrawals from the legal sports betting market from...
by Zachary Kelley | Nov 27, 2023 11:45 am | Sports Betting
Fanatics Sportsbook went live in Virginia making it the seventh state with Fanatics Sportsbook. Fanatics acquired PointsBet US and continues to transfer over their sports betting market share. RICHMOND, Va. – Fanatics Sportsbooks launched in Virginia on Tuesday,...
by Zachary Kelley | Aug 28, 2023 5:50 pm | Regulatory
DraftKings received a $94,000 fine for advertising to underage players. FanDuel, PointsBet, Rush Street (BetRivers), and PENN (Barstool Sportsbook) are among the four other legal online sportsbooks to receive fines from Maryland’s gambling regulator. PENN and...
by Ben Fiore | Jun 30, 2023 3:28 pm | Sports Betting
Fanatics has officially purchased PointsBet US assets for $225 million. Fanatics has added 14 more states where they can offer legal sports betting. The shareholders for PointsBet approved the sale with over 95% in favor. NEW YORK – Fanatics has officially acquired...
