The week within the sports activities betting information: Penn climbs up on bar stool wings
happy Monday, everyone. There won’t be a shortage of sports betting news this week as most rule of law should report it Super bowl treat, but last week also had a lot of news.
The LSR podcast talked about how Super Bowl betting looks like this year in the US compared to last year, along with some of the top stories from last week.
Make sure you follow @ LSPReport on Twitter for updates as states cover Sunday’s Super Bowl promotion.
Top Sportsbook News: Penn Outlines Barstool Sportsbook’s Plans
Penn National focused heavily on his plans for year-end Bar stool sports betting, which continue to roll out in new states this year.
Penn plans that Illinois Sports betting market first, hoping to make a living from March madness. After this, CEO Jay Snowden should expect every new start of a mobile state three to five weeks in the other open and available states.
According to Snowden, the conversion of sports betting for retail to the Barstool Sportsbook brand will continue. That starts with Pennsylvania casinos in the first half.
Snowden noticed that too Penn Interactive The business field could be profitable, since customer acquisition is at the industry low he mentioned. It cost less than $ 200 Per Michigan Sports betting customer for Penn compared to $ 300 to $ 800 The rest of the industry pays per customer, he added.
Penn National stock fell in early pre-market trading after some financial estimates were missing from Wall street but eventually jumped to an all time high of $ 128.91 until Friday is over.
Arizona sports betting bills introduced
The latest attempt to legalize sports betting Arizona Maybe this year you only have the legs to cross the finish line.
A joint proposal from both chambers includes sports betting licenses for Arizona’s professional sports teams and Indian gaming providers.
The proposal omits some important details such as the tax rate and license fees. The bills also require official league dates and would make leagues get one Integrity fee of sports betting.
Additional summary of the betting laws
There were seven other states with updated legal news:
US Integrity receives $ 1 million seed funding
Sports betting monitor US integrity secured $ 1 million in its final round of funding from SeventySix Capital and investment consortium New York Angels.
US integrity plays a vital role in the development of the legal US sports betting market. Wayne Kimmel said. Kimmel is both Managing Partner of SeventySix Capital and a member of the US Integrity Board.
The company’s data-driven monitoring program uses account-level betting details along with dozens of other records to look for irregular activity. The money will be used to finance further innovations for new technologies.
“The interest we received this round confirms our mission to provide conflict-free fraud detection tools to meet the ever increasing integrity demands in the sports betting industry,” said US Integrity Co-founder and CEO Matthew Holt said.
DraftKings plays for Canada with the NFL partnership
It might not technically be sports betting news, however DraftKings‘expanded NFL Partnership in Canada probably has more than just daily fantasy sports in the head.
The expanded exclusive DFS agreement gives DraftKings access to NFL branding and content opportunities in the DK app and across NFL media.
The official publication never talks about sports betting, but it is probably not just a coincidence that sports betting in Canada appears poised to end the federal ban on single game betting.
Elsewhere, DraftKings got its first investment from one ARK Mutual fund that helped get the stock to an all-time high by Friday’s close.
Iowa goes up with remote registration
The end of personal registration led to all new highs in handle and revenue for sports betting Iowa.
The handle snapped shut $ 149.5 million With $ 11.3 million in sports betting revenue. Three casinos reported more than $ 20 million in a mobile grip, from just one in December::
- $ 22.7 million to the Diamond Jo Dubuque, along with FanDuel Sports Betting.
- $ 21.6 million to the Wild Rose Jefferson, along with BetRivers and DraftKings Sports Betting.
- $ 21.6 million to the Prairie meadows, along with William Hill.