Category: General

The National Football League is reportedly in advanced talks to acquire an ownership position in ESPN. ESPN is the largest sports media conglomerate in the United States. The New York Post reported last week that the NFL has been talking with Disney owned ESPN. They are considering an equity stake in the sports media organization….

US sports bettors may have had a strong November according to Benchmark analyst Mike Hickey. Hickey said favorable results for bettors in November may have sapped DraftKings’ hold percentage by 1.5%. If accurate, that reduced hold percentage could weigh on the operator’s fourth quarter revenue by $50 million. It would also weigh on adjusted earnings…

Charles Barkley is one of the most interesting American athletes in the last 50 years. Barkley has made a lasting impact both on and off the court, specifically in the world of basketball. Barkley was an 11 time all star and league MVP in 1993. He was raised by his mother, and grandmother, in Leeds,…

The San Diego Padres have traded all star Juan Soto to the New York Yankees. The Yankees saw a nice boost in their odds to win the World Series. The Yankees are now +850 to win the World Series. Only two teams have shorter odds than New York. Those 2 teams are the Dodgers and…

Its Official! Miriam Adelson is taking control of the NBA’s Dallas Mavericks. Adelson announced today that she has entered into a binding pact to acquire a majority share of the NBA’s Dallas Mavericks. Rumors started yesterday when Las Vegas Sands, the gaming company founded by Miriam’s late husband Sheldon Adelson, announced she and her family…

Shares of DraftKings jumped 4.13% today on volume that was nearly double the daily average. That means DraftKings hit a new 52 week high. DraftKings provided bullish commentary at its annual inventors day. For 2025 DraftKings expects revenue in the mid $5 billion range on adjusted EDITDA of $900 million. They also expect those figures…

The PGA Tour has suspended 2 players that compete on its Korn Ferry tour for betting violations. The Korn Ferry tour is a developmental tour for the PGA. Here players can earn their tour cards if they do well. They can also get paid pretty well depending on how they do in the tournaments. Often…

ESPN is close to entering the sports betting market in Massachusetts, but first they must answer some questions. Massachusetts regulators want more information and specific details on how the network plans to promote gambling on its airwaves. ESPN and Penn Entertainment have joined forces and later this year the ESPN Bet platform will replace the…