Industry News of the day for May 29, 2024
Industry News
- Bonus: Americans Have Now Placed Over $1 Trillion In Wagers At Legal Online Casinos And Sportsbooks
- It has gone unnoticed, but the US has just hit an important online gambling milestone: Americans have now placed $1 trillion in legal online wagers at regulated internet casinos, sportsbooks, and poker rooms. By my estimate, the bet that pushed the industry into ten-figure territory would have been placed sometime in the middle of this month, perhaps on or around May 11.
- PlayUSA: DraftKings Completes $750 Million Acquisition Deal For Jackpot
- DraftKings Inc. completed its previously proposed $750 million acquisition of Jackpocket, the US leading digital lottery application. The acquisition gives DraftKings new opportunities to cross-sell Jackpocket lottery customers on its online casino, sports betting, daily fantasy sports and horse racing products.
- Gaming Today: DraftKings And FanDuel Stocks Fall With Illinois Sports Betting Tax Hike
- DraftKings DraftKings 36,61 -10,29% and FanDuel owner Flutter Entertainment Flutter Entertainment 25,50 0,00% saw lower trading on their stocks on Tuesday following the Illinois sports betting tax hike passed by the state Senate. At the opening bell Tuesday, both company stocks tumbled substantially. DraftKings balanced out and continued to rise at the end of the day, while Flutter Entertainment mostly trended downward before rallying late. But over five days, DraftKings saw its stock fall by more than 17%, and Flutter Entertainment’s decreased by more than 10%.
Missouri
- iGB: If Election Were Today, Missouri Sports Betting Initiative Would Fail
- Missouri Scout, a private news service covering state politics, earlier this month released a poll that shows legal sports betting doesn’t have voter support. The poll, which showed voters also oppose legal abortion, reenforces Missouri’s conservative stature. If the November election were held today, the Missouri sports betting initiative proposal backed by the state’s professional sports teams would fail. The poll showed it has the least amount of support of four potential initiative questions.
Maryland
- PlayMaryland: Maryland Online Casino Backers Must Gain Senate Allies
- With hopes dashed for a 2024 ballot referendum to legalize Maryland online casinos, advocates now focus on 2026. The 2024 elections won’t change the landscape of the Maryland General Assembly. Thus, gambling expansion proponents must spend that time at the Capitol to recruit more allies, especially in the Senate. An iGaming bill this year that held some promise died in the Senate after passing the House.
Indiana
- PlayIndiana: How Indiana Election Will Impact Online Casino Efforts
- The results of November’s election could be crucial to Indiana legalizing online casinos next year. That’s most evident in the race for the state’s top elected position. With pro-gambling Gov. Eric Holcomb termed out, a new person will occupy the governor’s seat in 2025. Will they back iGaming? Less drastic changes should be seen at the Indiana General Assembly, though a few results could impact Indiana online casinos in the future.