According to the US Sports Betting Market Monitor from Eilers & Krejcik Gaming (EKG), bet365 has shown significant progress in certain US markets. The report indicates that bet365 ranked as the fifth most downloaded app, following the top three market leaders and Caesars Sportsbook. This growth can be attributed to bet365’s recent launches in Ohio and Virginia. The report also examines the potential opportunities for operators in North Carolina if the state legalizes regulated sports betting. EKG suggests that applicants who partner with local sports teams or tribal gaming operators are more likely to be favored for one of the 14 expected licenses.

DraftKings has made a move to acquire the US arm of PointsBet by offering an all-cash offer of $195 million. Previously, Fanatics had entered into a binding agreement with PointsBet to acquire its US arm. However, DraftKings has now surpassed Fanatics’ bid of $150 million, creating uncertainty regarding the acquisition. The Fanatics bid was scheduled to go to a shareholder vote on June 30, 2023. DraftKings confirmed its offer in a letter to shareholders, highlighting that the bid represents a 30% premium over the agreement with Fanatics. PointsBet stated that it would consider DraftKings’ late proposal to determine if it could provide superior benefits for shareholders.

In May, the three casinos in Detroit reported a total revenue of $105.6 million, which represented a 2.9% decrease compared to the same month the previous year. The majority of this revenue, amounting to $104.7 million, was generated from table games and slots. However, the monthly revenue from table games and slots also experienced a slight decline of 1.4% compared to May 2022. Retail sports betting across the three casino locations in May 2023 fell short of the previous year, bringing in only $893,732 compared to $2.4 million in May 2022. Sports betting handle, which refers to the total amount wagered, reached $16.9 million, with a gross receipts total of $921,268. However, qualified adjusted gross receipts (QAGR) in sports betting decreased by a significant 62.6% […]