As the U.S. commercial gaming industry drew record-breaking revenue in 2021, sports betting, the industry’s latest entrant, contributed impressive growth yet drastically lower margins than traditional gaming. Last year, according to the American Gaming Association, the overall gaming industry captured $53 billion in revenue from legal gambling operations, while revenue from the budding sports betting sector from companies like Caesars Entertainment (CZR), FanDuel, DraftKings (DKNG), and… Source link
Read More »Super Bowl betting is legal in these states
For this year’s Super Bowl, 45 million more American adults can legally wager on the big game than last year, thanks to a 2018 Supreme Court ruling that has spurred dozens of U.S. states to adopt legalized sports betting. Since last year’s match-up, 10 more states have legalized adult sports wagering, bringing the total number of states to 33, plus Washington, DC. Not all states are equal when it comes to legalized sports gambling. Some limit gamblers to physically making their bets from… Source link
Read More »NFL betting: It's gonna be an ugly night at Lambeau in Week 17 – Yahoo Sports
Who didn’t play in Week 16 was more important than the players on the field. COVID ravaged rosters around the league while bettors reacted by targeting totals in several games. The roster challenges combined with the NFL coming off its lowest-scoring week of the year had bettors driving totals down in a big way. The average closing total this past weekend hit a season-low 43.1 points. Bettors’ expectation of another low-scoring week never came to fruition. Overs went 10-5 and those who bet… Source link
Read More »Barclays is betting these 3 dividend stocks will beat the S&P 500 — if you’re looking for income, snag yields as high as 10.3%
Barclays is betting these 3 dividend stocks will beat the S&P 500 — if you’re looking for income, snag yields as high as 10.3% In the current market frenzy, with rabid investors chasing after the hottest tickers, dividend stocks often get ignored. But a steadily growing stream of dividends will help anyone sleep better at night. And besides, with savings accounts paying next to nothing these days, who wouldn’t want a better way to earn passive income? Recent studies prove once again that… Source link
Read More »Yahoo Exec Jo Lambert Talks Sports Betting, Media Approach: Sporticast – Sportico.com
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams chat with Jo Lambert, president and general manager of consumer at Yahoo, about the company’s reach, its sports content business, and its expansion into daily fantasy and sports betting. For years, Yahoo has been a primarily ad-supported business. Lambert explains how the company, now majority owned by Apollo Global Management, is starting to diversify its revenue streams, including the creation of… Source link
Read More »Michael Burry is Betting Against Cathie Wood’s Fund, Tesla and Selling These 7 Other Stocks
In this article, we discuss the stocks that Michael Burry is betting against and selling. If you want to skip our detailed analysis of these stocks, go directly to Michael Burry is Betting Against Cathie Wood’s Fund, Tesla and Selling These 2 Other Stocks. Michael Burry, the investor who rocketed to fame on Wall Street by betting against the housing bubble that led to the financial meltdown in 2009, recently revealed another bearish bet against perhaps the most successful exchange traded fund… Source link
Read More »Major League Baseball and DraftKings Expand Relationship to Include Live Game Streaming and Sports Betting
New Bet & Watch Feature Allows Fans to Watch a Live MLB Game in the DraftKings App BOSTON and NEW YORK, July 09, 2021 (GLOBE NEWSWIRE) — Major League Baseball and DraftKings Inc. (Nasdaq: DKNG) today announced a strategic sportsbook expansion and an extension of its existing Daily Fantasy Sports and sports betting relationship which will include expanded promotional rights and content inclusive of the sports betting category. Among the key components of the expanded relationship are rights… Source link
Read More »Home Security Company ADT Betting on Google Partnership to Build Revenue
Security-system provider ADT Inc. is betting on its partnership with Google’s smart-home business to increase revenue as it struggles to turn a profit three years after going public. The company, best known for its home alarm systems, last summer announced the deal with Google, whose Nest business makes thermostats and smoke detectors that customers can monitor from their phones. Under the agreement, Alphabet Inc.’s Google… Source link
Read More »NBA betting: Picks against the spread for Sunday's playoff games – Yahoo Sports
Welcome to the start of the conference finals and the conclusion of the second round. Sunday features Game 7 between the Hawks and 76ers and the first game of the Western Conference Finals. Yahoo Sports’ Minty Bets has the advice that you need. All odds via BetMGM. Atlanta Hawks at Philadelphia 76ers (-7), Total: 216.5 Let’s start with the final game of the second round of the playoffs. The Hawks and Sixers tip off at 8 p.m. ET and the winner plays the Milwaukee Bucks in the Eastern… Source link
Read More »NBA betting: Picks against the spread for Sunday's playoff games – Yahoo Sports
The second round of the NBA playoffs continues Sunday with two games. Yahoo Sports’ Minty Bets has the advice that you need. All odds via BetMGM. Another Milwaukee win evens this series at 2-2. The Bucks took a low-scoring Game 3 with an 86-83 win on Thursday night. Now the Bucks are trying for a second consecutive win against a Nets team that doesn’t have James Harden. The Nets are favored by two after Milwaukee was favored by 3.5 on Thursday. The under has hit in seven of Brooklyn’s last… Source link
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