Industry News of the Day for November 7, 2022

iDEA Growth Member News

  • NASDAQ: Shift4 Payments (FOUR) Beats Q3 Earnings and Revenue Estimates
    • Shift4 Payments (FOUR) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.
  • SBC Americas: DraftKings expects positive adjusted EBITDA by 2024 DraftKings is still on the path toward profitability after recording another net loss and adjusted EBITDA loss period in the third quarter of 2022. Despite a “very strong” Q3, which saw its revenues improve by 136% year-over-year, the operator still reported a net loss, but it has altered its revenue and adjusted EBITDA guidance for the 2022 fiscal year to reflect the YoY improvements.

Industry News



  • Maryland Sharp: DraftKings to Open Maryland Retail Sportsbook at Timonium Racetrack
    • DraftKings is the newest sportsbook to be approved for a Retail Sports Betting License by the Maryland State Lottery & Gaming Control Agency. Crown Maryland Gaming LLC and DraftKings received a Sports Wagering Facility Operator License. They will operate a retail sportsbook at Timonium Racetrack under the grandstands of the facility.


  • PlayMA: Why DraftKings Massachusetts Hoped For A Universal Launch
    • On October 27, the Massachusetts Gaming Commission (MGC) rejected DraftKings’ request for a universal start date for retail and online sports betting. DraftKings Massachusetts was the only brand to ask for a universal start date.


  • PlayMissouri: Election Key To Future Of Sports Betting In Missouri
    • There are several key issues on voters’ minds in the 2022 Election. Inflation, abortion, immigration – they’re all on the table. In Missouri, sports betting is too. While not directly up to the voter, like recreational marijuana is, Missouri voters can indirectly determine whether or not sports betting will become legal in 2023.

New Jersey

  • PlayNJ: DraftKings Casino debuts exclusive linked progressive jackpots in New Jersey
    • DraftKings Casino released a new progressive jackpot feature in October, and it’s only available only to its NJ online casino players. The new jackpot is the first of its kind in North America, linking games across multiple genres. It has already hit, too, awarding a mid-six-figure payout within the first two weeks of launching.

New York


  • WKRC-TV: Ohio: FC Cincinnati selects temporary home for sports betting
    • FC Cincinnati [has decided] on a temporary home for its new sports betting facility slated to open January 1. It will be at Taft’s Ale House on Race Street, just a couple blocks from TQL Stadium. The betting windows and kiosks will be in the downstairs bar area at the Over-The-Rhine business.