Sports betting is at ‘important inflection point’
In a Thursday interview with CNBC’s Jim Cramer, DraftKings CEO Jason Robins said the online sports betting industry is at a turning point as more people across the country realize …
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The election, Fed decision and earnings
CNBC’s Jim Cramer on Friday walked investors through next week’s market action, highlighting the Federal Reserve’s next meeting and earnings from Super Micro Computer. Despite the slew of earnings next …
Hard Rock open to FanDuel, DraftKings partnership in Florida
Florida’s sports betting market may be about to get a lot more interesting, with Hard Rock’s chairman opening the door to partnerships with commercial sportsbooks. Hard Rock has the monopoly …
There’s too much negativity about the stock market. Focus on these 3 positives instead
After all of these years, after all of the rather incredible rallies and gains in the stock market from so many groups, the typical morning still starts with a bevy …
FanDuel parent Flutter acquires Snaitech, NSX
People walk by a banner outside of the New York Stock Exchange for the initial public offering of Flutter Entertainment, the parent company of FanDuel, on Jan. 29, 2024. Spencer …
No signs of slowing down for sports betting, industry leaders say
A DraftKings Sportsbook logo is posted on the right field wall of Chicago’s Wrigley Field before a game between the Chicago Cubs and Philadelphia Phillies on Sept. 27, 2022. John …
DraftKings slot machine payout glitch in Connecticut
Justin Sullivan | Getty Images DraftKings and another gambling company were fined a total of $22,500 by the state of Connecticut for operating an online slot machine game that failed …
NFL season expected to spur record $35 billion in legal sports wagers
Joe Milton III #19 of the New England Patriots scrambles from the pressure of Kyu Blu Kelly #36 of the Washington Commanders during the third quarter of a preseason game …
DraftKings reverses plans for a user tax as FanDuel wows Wall Street
Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and grows revenue dramatically, even …
DraftKings to tax winning bets in some states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Mobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as …