Fanduel

An analyst says sports betting company DraftKings Inc (NASDAQ:DKNG) could have a challenging second quarter report, but remains optimistic ahead of the 2024 NFL season. The DraftKings Analyst: Bank of America analyst Shaun C. Kelley reiterated a Buy rating on DraftKings and lowered the price target...

Less than a month after a report that Boyd Gaming (NYSE:BYD) was considering a buyout of casino and sports betting operator Penn Entertainment (NASDAQ:PENN), a new bidder has emerged. What Happened: FanDuel’s parent company, Flutter Entertainment (NYSE:FLUT), is considering teaming up with...

DraftKings Inc (NASDAQ:DKNG) and FanDuel, owned by Flutter Entertainment PLC (NYSE:FLUT), are “rapidly turning” into a sports-betting duopoly, Oppenheimer analyst Jed Kelly says. Both companies exceed Wall Street expectations despite competition from PENN Entertainment Inc (NASDAQ:PENN...

Goldman Sachs analyst Ben Andrews is out with a new report on the state of the sports betting sector. March online sports betting data points to the industry being softer, Andrews wrote, citing 7% year-over-year growth compared to 17% year-over-year growth in February. The key leaders in the...

An investigation into the sports betting activity of Jontay Porter led to his becoming the first NBA player given a lifetime ban for gambling activities in over 70 years. He is also one of the few people to get a lifetime ban from the league by current commissioner Adam Silver. What Happened: The...

Two-time national women's college basketball player of the year Caitlin Clark is the top overall pick in the 2024 WNBA Draft. What Happened: Clark, who played for the Hawkeyes at the University of Iowa, dominated the stat sheets in the NCAA. She also helped women's basketball generate impressive...

A leading casino and sports betting company acquired a mobile sports license for New York, giving it access to one of the key markets. What Happened: On Tuesday, PENN Entertainment (NASDAQ:PENN) purchased a New York mobile sports wagering license from Wynn Interactive, a unit of Wynn Resorts (...

Super Bowl LVIII aired on Sunday, Feb. 11, 2024 and saw the Kansas City Chiefs defeat the San Francisco 49ers in overtime to win back-to-back National Football League championships. The game also featured dozens of commercials advertising products and showcasing new movies and television shows. The...

Super Bowl LVIII will cost companies around $7 million for 30-second TV commercials. That’s a 185x jump from the original cost of $37,500 for an ad-spot during Super Bowl I in 1967m according to Bank of America chief strategist Michael Hartnett. To highlight how significant this price...

The days of just betting on which team will win a game are over. Today, sports fans can place wagers on practically anything. Super Bowl LVIII on Feb. 11 will include an increasing number of prop bets: player statistics; coin toss outcome; how long the national anthem will be; who will score a...

A leader in the sports betting sector is listing on the New York Stock Exchange (NYSE) Monday in a move that could bring more options to investors looking for exposure to the growing and highly competitive space. What Happened: After being rumored for several years, Flutter Entertainment plc (NYSE:...

A sportsbook launched in Pennsylvania, is adding to the number of states it operates in as it looks to expand operations across the United States. What Happened: Fanatics Sportsbook launched in the state of Pennsylvania Monday, a move that coincides with the acquisition of the PointsBet brand in...

Sports betting operator DraftKings Inc (NASDAQ:DKNG) received an upgrade from Stifel analyst Jeffrey A. Stantial. The move comes amid the NFL playoffs and ahead of Super Bowl LVIII. The DraftKings Analyst: Stantial upgraded shares of the Boston-based company from Hold to Buy. He also raised the...

The field of National Football League teams still standing and competing for a spot in Super Bowl LVIII is down to eight teams. One bettor is banking on one of those eight teams reaching and winning Super Bowl LVIII, aiming for a massive profit from the victory. What Happened: In the world of...

The 2023 NFL Playoffs have proved exciting for fans and many fan bases with eight teams left competing for a chance to win Super Bowl LVIII. One NFL fan put his fandom aside to make a bet against his favorite team and it proved to be the winning play. What Happened: The Philadelphia Eagles started...