Glad Monday, everybody, and a belated Glad Mom’s Day to all of the mothers on the market catching up on a little bit of sports activities betting information.
The LSR Podcast crew adopted up their a hundredth episode with one other robust installment together with the end of the William Hill brand within the US and updates on the pending enlargement of sports betting in Florida.
It’s attending to that point of yr the place some legislatures are wrapping up whereas others are simply getting cranked up. Be sure that to observe @LSPReport on Twitter for the newest state information.
High sports activities betting information: Ohio Senate drops proposed invoice
The primary proposal to legalize sports betting in Ohio is lastly out, however it’s not fairly what everybody anticipated.
The Senate‘s sports betting legislation consists of 40 whole licenses, 20 together with cell and one other 20 for simply retail sportsbooks. The proposal consists of no assured licenses for any of the casinos or skilled groups within the state.
The primary testimony shall be heard on this invoice this week, and there might already be a substitute coming. It can make clear that cell licenses additionally enable for a retail sportsbook on property and that cell licensees should be answerable for the chance.
Elsewhere, the Ohio Home remains to be engaged on its sports activities betting proposal, Rep. Brigid Kelly advised LSR.
DraftKings continues to spend huge
The dangerous information? It’s nonetheless bleeding money. DraftKings spent $346 million within the first quarter together with $229 million on gross sales and advertising and marketing.
DraftKings has loads of it to bleed, although. Money available on the finish of the quarter was $2.8 billion.
The corporate targeted on a social component to its platform that it’s going to roll out within the coming weeks. The brand new options will let bettors add pals, observe their bets and talk about subjects together with daily fantasy sports entries.
Phoenix will get close by stadium sportsbooks
The not too long ago legalized AZ sports betting market will embrace loads of alternatives to guess at stadium sportsbooks, together with two inside strolling distance of one another.
DraftKings was the first to announce a retail sportsbook within the state practically a month in the past. It can construct a “visually beautiful nineteenth gap expertise” at TPC Scottsdale, house of the PGA Tour’s Waste Administration Phoenix Open.
Louisiana rep works on invoice passage
Hopefully for many who voted to approve authorized sports betting in Louisiana in 2020, Rep. John Stefanski discovered the help he wanted final week.
Stefanski planned to spend time with House members to get votes for his sports activities betting proposal, which incorporates three whole payments. HB 697 hits the Home ground for a 3rd studying Monday.
There could be 20 licenses out there for $750,000 whole up entrance: $250,000 for an software and $500,000 for a 5-year license. Sports betting revenue could be taxed at 10% in retail and 18% on cell.
Virginia breaks $300 million in sports activities betting deal with
Complete deal with hit $304.1 million. Adjusted income was $13.8 million for an 8.7% maintain.
Wagering on faculty basketball tournaments totaled $83.6 million, or 27.5% of the full deal with.
Underdog Fantasy raises money
Underdog Fantasy has raised $10 million in Sequence A funding spherical.
- Dallas Mavericks proprietor Mark Cuban
- ESPN reporter Adam Schefter
- Former Paddy Energy Betfair CEO Bron Corcoran, among others.
The corporate can be providing the largest-ever NFL greatest ball event with $1,000,001 to first place.