DraftKings betting shop

DraftKings Takeover – A $22 Billion Bet

Trailing their competitor, FanDuel, by a significant market share, a DraftKings takeover of Entain has been floated… a deal worth an estimated $22.4 billion. The international bookmaker confirmed the offer in a filing with London Stock Exchange. An initial offer of 2,500 pence per share was made, but subsequently rejected by Entain. However, a press release confirmed that a second offer was received in mid-September for 2,800 pence per share. That would be a premium of over 46%. The Board at Entain went on to say that they “will carefully consider” the takeover proposal and respond when appropriate. They urged…

FanDuel sued

FanDuel Sports Betting is Kicking Everyone’s Ass

Betting on sports in the US continues to grow rapidly, and FanDuel sports betting is far out in front of even their closest competition. In June of this year, the company occupied over a 40% share of American sports wagers. Their nearest rival, DraftKings, had just a 23% share during that same time. FanDuel’s, which was founded in 2009, now has a 42% share of the market, which is actually a 35% increase when compared to months before. So what has propelled the company to such new heights? Their acquisition by Irish bookmaker Flutter Entertainment. Now, according to estimates from…

Sports betting and esports

The Future of eSports Betting

In the United States, sports betting is a long-standing tradition. It’s been around since before people were born in America, and it will be here for a very long time. Recently, eSports have become more popular than ever, with over 200 million viewers worldwide watching professional gamers play video games on different platforms. While eSports betting is still in its relative infancy, it is expected to grow in the coming decades exponentially. With more states legalizing online eSports betting sites, we foresee a boom in value and popularity. The Past and Present of eSports With the evolution of eSports games…

Louisiana Sports Betting Eyes October 1st Launch

After Hurricane Ida pushed the launch of Louisiana sports betting back, things look to be on track once more. Originally slated to roll out in September, all indications are residents will be able to bet on sporting events by mid-October… if not sooner. In an interview with USA Today, the Chairman of the Louisiana Gaming Control Board, Ronnie Johns, stated that the state “Our goal now is to have them up and running by Oct. 1st”. However, operators from outside of the state have not been licensed as of yet. The Board hopes to have some at least some of…

Unpredictable Premier League Race Reflected in the Latest Odds

The Premier League’s hailed as one of the most competitive elite-level football leagues in the world, with the title race always being a race between multiple teams, and almost any team capable of an upset. This season, it might just be more competitive than ever at the top end. Manchester City won the title last year by a good 12 points, greatly helped by almost Liverpool’s entire starting XI being injured at some point. Now, Liverpool appears to be back in top form, but so too are a refined Chelsea, as well as an upstart Manchester United. Through the opening set…

Disney Sports Betting Expansion Reeks of Hypocrisy

It wasn’t too long ago that Disney fought sports betting expansion in Florida with millions of dollars in negative ad campaigns. However, now that they have clearly lost that battle, the company is considering an “aggressive” approach to gambling via ESPN. Disney Corporation purchased ESPN back in 1996, back when no one would have ever thought legal and regulated betting on sports would have been possible. But what a difference 20 years can make! Now their CEO, Bob Chapek, has admitted the company is pushing forward in the midst of American sports betting expansion. The goal is to partner with…