Major iGaming Operators Set for Alberta Launch July 13
Select companies to confirm they plan to launch iGaming and sports betting in Alberta July 13: BetMGM Caesars DraftKings FanDuel theScore Bet Expect at least two-dozen more to join them
FanDuel Expands Prediction Market, Adding Combo Trades Nationwide
FanDuel launched its third-party prediction market - market making in April and plans to expand offerings in the coming months, Flutter reaffirmed during today's earnings call; this means more parlay-style combo trades coming to states without FanDuel sportsbook
FanDuel's Loyalty Program Set for Full NFL Season Launch
FanDuel launched the phased launch of its loyalty program in April; company reaffirms plans for full rollout by the start of the upcoming NFL season.
March Madness Lifts FanDuel Despite Overall Decline
FanDuel's year-over-year Average Monthly Player figures declined 5% between January 2025 and 2026, but increasesd 1% between March 2025 and March 2026 Handle declined 10% y-o-y in January, 4% y-o-y in the first half of March; favorites winning at a high...
FanDuel Forecasts $250‑300M EBITDA Loss From Prediction Market by 2026
FanDuel reports its prediction market revenues in Q1 were "modest"; expects $250 to $300 million in adjusted EBITDA investment losses from its PM platform in 2026
Prediction Markets Cause only Low Single‑digit Sportsbook Impact
FanDuel on Prediction Markets: "We continued to see only a limited cannibalization impact from prediction market operators on our sportsbook growth, consistent with our prior estimate of a low single-digit percentage effect on handle growth" - via Q1 earnings release
Flutter CEO Thanks Amy Howe, Refocuses US Sportsbook Strategy
Flutter CEO Peter Jackson statement on Amy Howe's departure as FanDuel head: "I would like to thank Amy for her contribution to Flutter and FanDuel, and recognize the impact she has had on the business since joining in 2021. We...
Flutter Trims 2024 Revenue and EBITDA Forecasts
Flutter lowers guidance: revenue is now expected to be $18.305b with adjusted EBITDA of $2.865bn at the midpoint, a reduction from previous guidance of $18.4bn and $2.97bn in revenue and adjusted EBITDA expectations, respectively
Flutter Confirms FanDuel Leadership Shuffle: Taylor Named President
Flutter reaffirms FanDuel management shake up in earnings release: • Dan Taylor, CEO of International, appointed President of Flutter Entertainment • Christian Genetski, President of FanDuel, will now lead the US business
Missouri Rejects Proposed 34% Sports Betting Tax
NEW: Missouri cuts sports betting tax increase proposal from gaming bill; would have raised rate from 10% to 34% GGR, which would be among nation's highest; lawmakers said state needs more time to evaluate sports betting, which launched Dec '25,...
Missouri's First Four Months Yield $1.5B Sports Betting
Missouri accepted more than 63 million individual bets, generating $1.5 billion in legal sports betting handle, in the state's first four months with regulated sportsbooks
DC Mobile Sportsbooks: Five Active, One Closed
Current live DC mobile sportsbooks: BetMGM Caesars DraftKings Fanatics FanDuel theScore Bet (former ESPN BET) shut down sports betting operations in the District earlier this year
ICasino Operators Promise DC Launch Within Six Months
Several major iCasino operators said during a legalization hearing today they could have their platforms live in Washington DC within less than six months; City lawmakers are considering legalizing real money online casino games
Senate Subcommittee to Tackle Sports Betting Integrity on May 20
ICYMI: A US Senate subcommittee will discuss "sports betting and gaming integrity" May 20; testifiers include AGA President Bill Miller, Tennessee gaming regulator Mary Beth Thomas, IC 360 CEO Scott Sadin and Coalition for Prediction Markets' Patrick McHenry, a former 10-term...
Kalshi Ranks Fourth Among US Sportsbooks, Shows Explosive Growth
Kalshi would be the No. 4 US sportsbook by average handle per adult, trailing only FanDuel, DraftKings and Fanatics, per @EilersKrejcik; E&K stresses the indirect comparison between trading volume & handle, but these figures nevertheless underscore Kalshi's massive growth
MGM Posts Record Q1 Revenue, Vegas Strip Rebounds YoY
$MGM reports record 1Q consolidated net revenues; Las Vegas Strip property quarterly net revenues increased year-over-year for the first time since 3Q24
Caesars Bullish on Alberta iGaming Launch July 13
Caesars officials reiterated a bullish view on Alberta's iGaming and sports betting launch July 13; Company expects to launch both Caesars Palace Online Casino and Horseshoe gaming platforms
Vegas Health Improves Significantly Since Last Summer
"Vegas is in a much healthier spot than it was last summer" - Caesars CEO Tom Reeg during today's Q1 earnings call
Caesars Declines to Discuss M&A Amid Fertitta Rumors
Caesars officials started today's earnings call by saying they would not address potential mergers or acquisitions; $CZR has been rumoured to be acquired by former Golden Nugget CEO Tilman Fertitta
RSI Soars 123% Amid Industry Decline
Including an after-hours spike following increased revenue guidance projections, $RSI stock is now up more than 123% in the past 12 months; Rush Street's growth comes as most other digital operators have seen significant drops
BetRivers Parent Posts Record Revenue, Profit, Raises Outlook
BetRivers parent $RSI reported: - Record quarterly revenue of $370.4 million [up 41% y-o-y] - Record quarterly net income of $26.2 million [up 134% y-o-y] - Record quarterly AEBITDA of $60.2 million [up 81% y-o-y] Company also raises full year revenue, AEBITDA guidance
Sportsbooks Thrive While Vegas Revenue Stagnates
Two biggest stories from Caesars earnings both reinforce ongoing trends: - Sportsbooks increasing revenues, profit margins despite decreasing handle - Las Vegas revenue figures are essentially flat year-over-year
Caesars Boosts Betting Revenue and AEBITDA Amid Declining Handle
Caesars increased sports betting net revenue and AEBITDA despite a (3)% year-over-year decline in handle and only a 1% growth in monthly active players
Caesars to Add New Jersey, Completing 27-Jurisdiction Wallet
Caesars expects to integrate New Jersey into its universal sportsbook digital wallet shortly, the final of 27 live jurisdictions
Caesars Vegas Stagnates: Revenue and Income Flat YoY
Caesars Las Vegas property numbers Q1 2025 -> Q1 2026 - Net revenue: $1.3 billion -> $1.3 billion - Net income: $177 million -> $176 million - AEBITDA: $433 -> $426 Consistently flat year-over-year performances for one of the Strip's major operators
Caesars Online Betting Revenue Jumps 12
Caesars online sports betting and casino division reported $374 million in net revenue for Q1 2026, an 11.6% year-over-year improvement; AEBITDA grew to $69 million from $43 million, a 60.5% increase
Minnesota Moves First Prediction Market Ban to Senate
Minnesota advances prediction market ban bill to Senate floor; if passed, woud be the first state bill to prohibit PM event contracts on sports and politcs; legislation would face legal challenges if passed into law
Minnesota Senate Advances Unopposed Online Casino Sweep Ban
Minnesota lawmakers advance an online sweeps casino ban bill out of committee without opposition, teeing the prohibition legislation up for a vote on the Senate floor
Tennessee
ICYMI: Tennessee lawmakers passed an online sweepstakes casino bill; Tennessee's governor effectively has no veto power, meaning the bill will pass into law; Tennessee joins Indiana, Maine and possibly Minnesota among states positioned to pass sweeps ban bill this year
FanDuel and DraftKings Each Pour $1.16M Into Nebraska Ballot
Sportsbooks that have contributed to the Nebraska online sports betting ballot measure signature campaign: FanDuel: $1.16 million DraftKings: $1.16 million BetMGM: $250,000 Fanatics: $75,000
Revenue Up, EBITDA Soars After Betting Platform Cuts Marketing
Sports betting handle and monthly active users fell year-over-year in PENN's first full quarter since rebranding from ESPN BET to theSCcore bet, but the company increased revenue 5%; Adjusted EBITDA improved by nearly 88%, largely due to massive cutbacks in...
PENN CEO Threatens Near-Zero Maine Investment over iGaming Bill
PENN CEO Jay Snowden said his company will invest "next to zero" in Maine if the iGaming bill approved this year survives current legal challenges. PENN operates a land-based casino in Maine but is not eligible for an iGaming license....
Conservative Senators Clash Over Online Sports Betting in Oklahoma
Multiple senators opposed on moral/ethical grounds, saying during the sports betting bill debate online betting would hurt people in Oklahoma. Others questioned payment structures from the tribes and so forth. Gambling remains a difficult push in conservative political states.
No Vote Deals Major Setback to Oklahoma Sports Betting
The bill's sponsor said he will push for a re-vote, but today's no vote was a big blow for legal sports betting efforts in Oklahoma
Oklahoma Bill Earmarks $7M for Thunder, yet Excludes Them
An Oklahoma sports betting bill under consideration would direct up to $7 million a year from sportsbooks to the NBA's Oklahoma City Thunder; The Thunder had been considered for a sports betting license in other bills, but are not eligible...
Oklahoma Senate to Vote on Tribal Sports Betting Bill
OKLAHOMA SPORTS BETTING: - Senate scheduled to vote today on bill permitting betting on tribal lands, give tribes regulatory authority - Bill has the backing of FanDuel - Legislation has already passed the House - Gov. Stitt has opposed bill, prefers more license...
Prominent Politicians and Groups Submit CFTC Prediction Market Comments
Some notable people/groups to file prediction market rule proposal comments to the CFTC: - Sens. Jack Reed and John Hickenlooper - Rep. Dina Titus - ProphetX - Kalispel Tribe of Indians - Florida Democratic Party - EDGE Markets
Caesars Takes Over Iconic Westgate SuperBook Operations
Caesars is set to take over operations of the Westgate SuperBook, one of Las Vegas' most iconic retail sportsbooks, the groups announced earlier today; The popular SuperContest will remain "an integral part of the SuperBook experience," per release
Missouri Sportsbook Tax Increase Stalled, 10% Likely Remains
Missouri lawmakers will not discuss a bill to raise sportsbooks' tax rate to 34% of GGR after the bill's sponsor pulled it from consideration during a public hearing today; the bill may be considered again, but the probability increases that...
Resorts World Queens Launches NYC's First Live Dealer Tables
Resorts World New York City will open its table games April 28, the casino announced earlier today; Resorts World in Queens will become the first legal casino in New York City to offer live dealer table games
55 Operators Eye Alberta’s July 13 Online Betting Launch
At least 55 online gaming operators had shown "strong interest" in launching in Alberta, per documents published by the province's regulators; Alberta is set to launch its commercial online casino and sports betting market July 13.
South Carolina Sports Betting Won’t Arrive Until 2030
In South Carolina, sports betting passing this year is 0%. In the coming years the odds "improve" (maybe 10%?) with a new governor, who will take office in January 2027. Still, its an uphill battle. I don't expect SC (or...
All Live Michigan Sportsbooks & iCasinos in One List
Live Michigan sportsbooks / iCasinos: bet365 BetMGM BetPARX BetRivers Caesars DraftKings Fanatics FanDuel FireKeepers Four Winds Golden Nugget* Hard Rock Bet Horseshoe* Play Eagle theScore Bet / Hollywood iCasino *iCasino only
Only Hard Rock Sportsbook; Others Limited to Prediction Markets
No other sportsbooks are likely coming to Florida (beyond Hard Rock). DraftKings and FanDuel prediction markets are both live in the state, along with Kalshi and many of the other major operators.
Bet365 Urges Massachusetts to Reopen Online Betting Applications
In some good news, bet365 has asked Massachusetts to re-open it's online sports betting application process 👀👀
Bet365 Expands to Michigan, Now Active in 17 States
With today's bet365 sports betting launch in Michigan, the book is live in 17 states: Arizona Colorado Illinois Indiana Iowa Kansas Kentucky Louisiana Maryland Michigan Missouri New Jersey North Carolina Ohio Pennsylvania Tennessee Virginia
Prediction Markets Face Intensified Congressional and Judicial Scrutiny
Today in Washington DC, the most prominent federal regulator overseeing prediction markets was grilled by lawmakers. At the same moment in San Francisco, a panel of judges seemed dismissive of the major operators' primary legal arguments. No one knows how...
Judges Skeptical of Prediction Markets Despite Recent Wins
In short: States have to be excited about today's 9th Circuit Court prediction market hearing, where judges seemed highly skeptical of the PMs' argument; this comes days after court rulings went PMs' way against New Jersey and Arizona These battles have...
Lawyer Says Prediction Markets Will Cost Nevada Billions
Prediction markets will cost Nevada billions of dollars, a lawyer on behalf of the state gaming regulators and casinos argued during a court hearing on a lawsuit brought by PMs
Judges Question Nevada's Prediction Market Ban Authority
Judges in today's prediction market lawsuit v Nevada have also pushed back against the state's attorney; judges have question if the scope of NV's push to ban predicion markets steps on federal authority