DraftKings is calling off its controversial plan to add a surcharge to winning bets in select states with high taxes on sports betting operators. It was a plan that likely looked good on paper but was a total flop with players. More importantly, to DraftKings, other sports betting operators failed to follow DraftKings' lead when…
PENN Entertainment CEO Jay Snowden recently told investors that ESPN Bet will be fully integrated into ESPN's digital properties in the very near future. It's a move aimed at fully nailing down ESPN's massive online audience into its gaming ecosystem. It's also a move that could garner criticism for exposing that very same massive online…
A coalition of high-level Australians is calling for a complete ban on gambling advertising of all kinds in the country within the next three years. The group, which operates under the moniker the Alliance for Gambling Reform, stated its case in a letter sent to government officials and news media outlets this weekend. The Alliance…
Gambling operator jersey sponsorships are an increasingly controversial promotion in most parts of the world but in Scotland, professional football is taking a decidedly different approach. In announcing its recent sponsorship deal William Hill, Scottish Professional Football League (SPFL) CEO Neil Doncaster said the league, "shouldn’t be stuffy about gambling." Doncaster's remarks on the relationship…
American Gaming Association President and CEO Bill Miller is hitting hard against claims that regulated sports betting is responsible for an uptick in ad sales on this year's Olympic Games broadcasts on NBC. Miller said the argument presented in a Washington Post editorial titled, "Sports betting ads are out of control. For solutions, look overseas.",…
DraftKings CEO Jason Robins is fighting back against high tax rates on sports betting operators with the announcement of a new surcharge on winning wagers starting January 1, 2025. The new surcharge will only apply in states where the current tax rate is 20 percent or higher. Robins framed the new surcharge as a necessity…
Caesars Entertainment is selling the World Series of Poker (WSOP) to NSUS Inc., the operator of GGPoker, in a deal worth $500 million. While Caesars is selling off its WSOP assets, it's not giving up on poker's biggest event entirely and will continue hosting tournaments for the foreseeable future. GGPoker and Caesars have a long-standing…
Standard General is acquiring the Bally's Corporation in a deal worth $4.6 billion. The acquisition, which was completed this week, will see Bally's merging with The Queens Casino & Entertainment Inc. It's a blockbuster deal that turns Standard General into a major player in the US gaming market. This merger/acquisition has been in the works…
From a historical perspective, there's really no sport that's more closely aligned to the gaming industry than horse racing. That unique relationship is front and center in a recently released code of conduct from the British Horse Racing Authority (BHA) and The Racecourse Association (RCA) that's aimed at governing sponsorship agreements between racing stakeholders and…
Before regulated sports betting became the law of the land, everyone involved in US-facing sports betting had a vision of what life outside of the black market might look like. One of those visionaries was professional gambler Billy Walters. Now that sports betting is legal, Walters is opening up about how badly he thinks things…
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