Seven years ago, the U.S. Supreme Court overturned the federal ban on sports betting, moving the gambling industry from the fringes to the mainstream financial stage. As of now, 38 states, Puerto Rico, and the District of Columbia have legalized sports betting, each new state opening up broader grow
Sporttrade CEO suggests linking tax rates to operator hold percentages as a potential idea for achieving fair competition.In the ninth paragraph of an open letter to US sports betting regulators and legislators, Sporttrade founder and CEO Alex Kane summarizes his mission statement in two sentences:"
Originally, both DraftKings and FanDuel started by hosting daily fantasy sports contests, but after the passage of the PASPA bill, they quickly entered the sports betting market, capturing over 70% of the market share, leaving traditional casino brands like Caesars and MGM far behind.They achieved t
FanDuel's parent company Flutter Entertainment predicts that the US gambling market will see significant growth, expecting it to exceed $60 billion by 2030. This latest forecast represents a nearly 60% increase from the previous estimate in 2022. Flutter's stock price soared 8% following the announc
Flutter Sees Double Profit by 2027, Presents $5bn Share BuybackThe leading global betting and gaming company, Flutter Entertainment, is fairly optimistic about the future.Namely, the upcoming two years which the online betting company believes will bring it around $5 billion, which is more than doub
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