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Articles for Draftkings

You can bet on anything these days, but should you?
1 day, 18 hours ago

You can bet on anything these days, but should you?

Salon  

When I was growing up in Memphis, gambling was illegal in the state of Tennessee. We need your help to stay independent Subscribe today to support Salon's progressive journalism “It’s also regulated by the governing bodies of those respective sports, like the NFL, NBA and MLB,” said David Vinturella, sports betting and marketing expert at the University of Nevada at …

Betting App State Tennessee Betmgm Polymarket Gruca
DraftKings sued after father-of-two gambles away $1 million of his family’s money
2 weeks, 3 days ago

DraftKings sued after father-of-two gambles away $1 million of his family’s money

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Online sports betting is …

Gambling Independent Money Betting New Jersey Complaint Her Husband
Chief Future Officer: Alan Ellingson, DraftKings
1 month, 1 week ago

Chief Future Officer: Alan Ellingson, DraftKings

Bloomberg  

00:00 The U.S. sports betting industry is on a roll. We want to grow our revenue into our existing cost structure and there's no need to reduce the costs as long as we're being efficient with what we allow our cost growth to look like. And we're in the fortunate position where I think we don't need that necessarily to …

New Products Betting Super Bowl Company Right Sports Betting Cfo
DraftKings Thrives as Sports Betting Booms
1 month, 1 week ago

DraftKings Thrives as Sports Betting Booms

Bloomberg  

00:00 DraftKings hit a milestone in the second quarter of 2024 for the first time as a public company. The bigger players, they're all talking about iGaming being an opportunity to really make a lot of money, much more so from a margin perspective than sports betting is. And because also they don't need games on, you could play a …

Betting Revenue Sports Betting Long Think Lot Customer
How DraftKings Gets an Edge from AI
1 month, 1 week ago

How DraftKings Gets an Edge from AI

Bloomberg  

00:00 With millions of customers using its products. DraftKings has huge amounts of data to analyze data that Lieberman, Ellingson and their teams can observe in real time at the company's network operations center. Many states have seen a sharp rise in calls to problem gambling helplines since legalizing sports wagering companies are under pressure to show they're supporting responsible …

Data Experience Ai Draftkings Gets
Column: This hilarious lawsuit by the NFL Players Assn. against DraftKings shows the dark underside of sports betting
3 months, 1 week ago

Column: This hilarious lawsuit by the NFL Players Assn. against DraftKings shows the dark underside of sports betting

LA Times  

DraftKings and other online sports gambling companies ply players with easy smartphone apps to place their bets. DraftKings, the NFLPA asserts in the lawsuit filed a couple of weeks ago in New York federal court, collects billions of dollars in revenue “based on a simple premise: if a DraftKings customer places a losing bet, that customer must still pay up.” …

Gambling Market Players Online Lawsuit Betting Sports Betting
How ESPN Bet Is Trying to Catch Up to FanDuel and DraftKings
4 months, 1 week ago

How ESPN Bet Is Trying to Catch Up to FanDuel and DraftKings

Bloomberg  

In the summer of 2023, ESPN Inc. and casino operator Penn Entertainment Inc. announced a 10-year, $2 billion deal. Penn, which was in a partnership with media company Barstool Sports Inc., had bolted for the self-proclaimed “Worldwide Leader in Sports.” On a call with analysts, Penn Chief Executive Officer Jay Snowden said, “We think we’re going to be a major …

Penn Espn Bet Draftkings Fanduel Espn Bet
The Golden Age of Sports Betting Is Over
4 months, 1 week ago

The Golden Age of Sports Betting Is Over

Slate  

These past few years have been a great time to bet on sports. Now the sportsbooks have decided they’d like to actually make some money, and they have pared back their promotional offerings to spend less on “customer acquisition.” The little carrots designed to make betting a friendly financial proposition are dulling or just going away, and they’ll only come …

Industry Money Age Betting Winning Sports Betting Bets
New Jersey fines DraftKings $100K for reporting inaccurate sports betting data to the state
5 months, 2 weeks ago

New Jersey fines DraftKings $100K for reporting inaccurate sports betting data to the state

Associated Press  

ATLANTIC CITY, N.J. — In one of the most sternly worded rebukes they have ever issued, New Jersey gambling regulators have fined DraftKings $100,000 for reporting inaccurate sports betting data to the state, which it called “unacceptable conduct” that demonstrated weaknesses in the company’s business abilities. In early March, the gaming enforcement division’s Office of Financial Investigations became aware of …

Data New Jersey State Error Draftkings
How the US became hooked on sports betting – and the cost it’s having on lives
7 months, 2 weeks ago

How the US became hooked on sports betting – and the cost it’s having on lives

CNN  

CNN — In August 2019, Saul Malek realized he’d hit rock bottom. Dominick Reuter/AFP/Getty Images “In America, as long as there have been sports to bet on, people have been betting on sports,” AGA senior vice president Joe Maloney told CNN Sport in an interview. “We’ve seen no evidence of that whatsoever,” says Whyte when asked about legalized sports gambling …

Gambling Super Bowl Sports Betting Young People State Cnn Porter
Inside the gambling ring linked to Ohtani — as told by two bettors themselves
8 months, 2 weeks ago

Inside the gambling ring linked to Ohtani — as told by two bettors themselves

LA Times  

For all its complexities, all its twists and turns, the gambling scandal that has engulfed Dodgers star Shohei Ohtani raises a simple question. “The guy seemed to run a good shop,” one said of the bookmaker, adding that he has used “dozens of different bookies and this is easily the best I’ve ever worked with.” The Times linked one of …

Gambling California Sports Betting Told Dodgers Espn Ohtani
Casual bettors placing small wagers is adding another reason to watch the Super Bowl
10 months, 1 week ago

Casual bettors placing small wagers is adding another reason to watch the Super Bowl

Associated Press  

LAS VEGAS — After years of angst and filibustering, casual bettors strolling around Sin City are basking in the NFL’s embrace of sports gambling with the Super Bowl set to make its Las Vegas debut on Sunday. Even if they don’t care about the teams, they’re more likely to tune in.” Many of the hundreds perched outside the convention center …

Super Bowl Nfl Las Vegas Win Romero Bet Super
Clippers' NBA title odds vault on the back of 76ers trade
1 year, 1 month ago

Clippers' NBA title odds vault on the back of 76ers trade

China Daily  

Los Angeles Clippers' Paul George shoots against Orlando Magic's Paolo Banchero during an NBA game in Los Angeles on Tuesday. USA TODAY SPORTS VIA REUTERS CON James Harden has forced himself out of yet another NBA city, and the mercurial 34-year-old made a significant impact on the NBA title odds in the process. The Philadelphia 76ers finally agreed to move …

Los Angeles Odds Nba Clippers Harden 76Ers Draftkings
DraftKings apologizes for sports betting offer referencing 9/11 terror attacks
1 year, 3 months ago

DraftKings apologizes for sports betting offer referencing 9/11 terror attacks

Associated Press  

ATLANTIC CITY, N.J. — Sports betting company DraftKings apologized Monday after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games on the anniversary of the tragedy that killed nearly 3,000 people. The Boston-based company offered users a 9/11-themed promotion that required three New York-based teams — the Yankees, Mets and Jets — …

Offer Draftkings
A 9/11 sports bet on New York teams? DraftKings apologizes for ‘Never Forget’ parlay
1 year, 3 months ago

A 9/11 sports bet on New York teams? DraftKings apologizes for ‘Never Forget’ parlay

LA Times  

The DraftKings sportsbook has apologized after attempting to make a connection between betting on New York teams to win and the anniversary of the Sept. 11, 2001, terrorist attacks. Popular sportsbook DraftKings has apologized for offering a parlay option that apparently sought to capitalize on the 22nd anniversary of the deadliest terrorist attack on U.S. soil. On Sunday, the Boston-based …

New York Bet Draftkings New York Teams
Gambling sting at Iowa and Iowa St. results in charges against 7 current and former athletes so far
1 year, 4 months ago

Gambling sting at Iowa and Iowa St. results in charges against 7 current and former athletes so far

Associated Press  

The AP Top 25 college football poll is back every week throughout the season! Gambling investigations at Iowa and Iowa State have resulted in criminal charges filed against seven current or former athletes, with ex-Hawkeyes basketball player Ahron Ulis and Cyclones quarterback Hunter Dekkers the ones with the highest profiles. Ulis was under Iowa’s legal gambling age of 21 when, …

Gambling Football Athletes Games Game Iowa State
Americans bet $220B on sports in 5 years since legalization
1 year, 7 months ago

Americans bet $220B on sports in 5 years since legalization

Associated Press  

ATLANTIC CITY, N.J. — Americans have bet over $220 billion on sports with legal gambling outlets in the five years since the U.S. Supreme Court cleared the way for all 50 states to offer it, and the industry shows few signs of slowing despite some recent scandals that have put a spotlight on wagering safeguards. When Sunday’s anniversary of the …

Industry States Companies Betting New Jersey Sports Betting State
The story behind the sports betting boom
1 year, 8 months ago

The story behind the sports betting boom

NPR  

The story behind the sports betting boom DAVE DAVIES, HOST: This is FRESH AIR. Our guest today, New York Times investigative reporter Eric Lipton, worked with a team of Times reporters to examine the explosion of sports betting, the court battles and lobbying campaigns that led to its legalization, the favorable terms and light regulatory touch that many states bestowed …

Gambling Money States Native American Betting Credit Cards Nevada
USC vs. Colorado: Betting odds, lines and picks against the spread
2 years, 1 month ago

USC vs. Colorado: Betting odds, lines and picks against the spread

LA Times  

USC tight end Lake McRee, center, is congratulated by lineman Brett Neilon and quarterback Caleb Williams after scoring a touchdown in a win over Cal on Nov. 5. It’s no surprise that oddsmakers have the USC Trojans as huge 34-point favorites when they host the Colorado Buffaloes at 6:30 p.m. PST Friday in the Coliseum. Giving hope to USC backers …

Cal Colorado Int Trojans Usc
Wins — and losses — can pile up with sped-up sports betting
2 years, 3 months ago

Wins — and losses — can pile up with sped-up sports betting

Associated Press  

ATLANTIC CITY, N.J. — With legal sports betting in its fifth year in much of the U.S., things are getting much more intense, with increasing ways to bet and more opportunities to rapidly win — and lose — money. When the defending Super Bowl champion Los Angeles Rams kick off the NFL season Thursday night against the Buffalo Bills, 31 …

Gambling Betting Nfl Win Bets Bet Draftkings
New York’s top court rules in favor of fantasy sports bets
2 years, 9 months ago

New York’s top court rules in favor of fantasy sports bets

Associated Press  

ALBANY, N.Y. — New York’s highest court ruled Tuesday that fantasy sports contests like those run by FanDuel and DraftKings are allowed under the state constitution, turning back a challenge to the popular games. The state Court of Appeals reversed an appeals court’s decision last year that found interactive fantasy sports violated the state constitution’s ban on gambling. “New York …

Gambling Court Fantasy New York State York Fanduel
California voters lean toward legalizing sports betting in new poll
2 years, 10 months ago

California voters lean toward legalizing sports betting in new poll

LA Times  

California voters could see as many as three proposals to legalize sports betting on the Nov. 8 statewide ballot. California California Politics: A sports betting showdown in 2022 California voters could be asked next year whether to legalize betting on professional and college sports. “But legalizing sports betting in California appears to be one of them, at least for the …

Support Gaming Online Betting California Sports Betting State
Online betting companies are kicking off a Super Bowl ad blitz
2 years, 10 months ago

Online betting companies are kicking off a Super Bowl ad blitz

NPR  

Online betting companies are kicking off a Super Bowl ad blitz Enlarge this image toggle caption Matt Rourke/AP Matt Rourke/AP It's not just the office pool anymore. Sponsor Message "TV sportsbook advertising has grown exponentially this year and in the last couple of years overall," Adam Candee, managing editor of the trade publication Legal Sports Report, told NPR. On Thursday, …

Gambling Legal States Companies Betting Super Bowl Nfl
One bettor makes $300,000 on Phil Mickelson’s historic PGA Championship victory
3 years, 7 months ago

One bettor makes $300,000 on Phil Mickelson’s historic PGA Championship victory

LA Times  

Phil Mickelson became the oldest major winner ever, taking the 103rd PGA Championship in Kiawah Island, S.C., on Sunday. “Let’s just say some of our customers will have an enjoyable Sunday,” DraftKings sportsbook director Johnny Avello told VSiN. He was the largest liability in the tournament for BetMGM books entering Sunday’s final round; entering the tournament 31 other players had …

Books Round Win Phil Mickelson Pga Championship Sportsbook