Business

DraftKings will be the second mobile platform to go live, but its location in East St. Louis will make it tough to capture market share.

Around the U.S. sports betting industry for developments in Massachusetts, Illinois, Colorado, Washington D.C. and elsewhere.

The legislature may expressly allow revenue sharing between the parties. Also, Massachusetts may also be come the first to mandate a revenue payment to leagues.

The deal, which includes a PIPE investment of about $160 million, values the Chicago-based sports-and-casino betting company at approximately $1.78 billion.

Casino Queen will rebrand retail and online platform as "DraftKings at Casino Queen," meaning DK can enter Illinois market sooner than later.

The race between FanDuel and DraftKings to enter Illinois for sports betting picked up as both obtained Management Services Provider permits.

Around the horn for most of the week's sports betting news fit to link. Despite a lean calender, betting handle rose to $165M in New Jersey.

As Sportradar mulls a possible IPO, it is fair to make the assumption that the company's value has appreciated significantly from its $2.4 billion price tag in 2018, gaming analysts say.

DC's GamBetDC sportsbook "is not designed to pay out like a casino-model sportsbook." Soon, a transient metro area will test the mettle of lottery versus casino sportsbooks.

Brands launching in Colorado are looking to stand out with better odds, higher bet limits to get bettors to check them out.