FanDuel Hopes to Access Nevada Sports Betting Market, Mass Gov Signs Bill Into Law
FanDuel has entered into a deal with Boyd Gaming to operate a sportsbook in Las Vegas at the Fremont Hotel and Casino.
Remarkably, FanDuel does not have a presence in the state of Nevada.
The Nevada Gaming Control Board’s will be considering their license application later this month.
The company had previously run Daily Fantasy Sports contests from the Silver State until 2015 when it was determined that activity was a form of sports gambling requiring a license to operate.
Gov. Baker Signs Massachusetts Sports Betting Bill Into Law
Massachusetts Gov. Charlie Baker on Wednesday signed a bill into law that would permit sports betting in the state. Individuals will not be allowed to bet on in-state schools and betting with a credit card will be prohibited.
The industry is expected to generate $60 million in annual tax revenue for the state, in addition to collecting up to $70 to $80 million in initial licensing fees. It includes a 15 percent tax on in-person wagering and a 20 percent tax on mobile wagering.
“Our administration first filed legislation to legalize sports wagering in the Commonwealth several years ago, and I am glad to be able to sign this bill into law today,” Gov. Baker said in a statement. “We appreciate the dedication and compromise that the Legislature demonstrated on this issue, and we look forward to supporting the work of the Massachusetts Gaming Commission on the responsible implementation of the law over the next several months.”
Entain Keeps Post-H1 Consensus Ahead of Critical Portfolio Refresh
Entain Plc has published its Interim 2022 trading results, the FTSE100 gambling group declared a ‘robust H1 performance’ against challenging global economic and regulatory headwinds.
H1 trading saw Entain generate group net-gaming-revenues (NGR) of £2.11bn, up 18% on comparative 2021 results of £1.79bn.
Headline growth was achieved despite the FTSE group registering a 7% dip in online revenues to £1.47bn (H12021: £1.58bn).
