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…
Ravens Super Bowl Odds Narrow By Beating The 49ers
Christmas Day was a very good day for the Baltimore Ravens. That is because they beat the San Francisco 49ers 33-19 in San Francisco. It was the battle of the top teams from each conference. The 49ers remain as the betting favorite to win Super Bowl LVIII at +225, but the Ravens saw their odds…
Charles Barkley Said Family Ran Underground Casino
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,…
All Star Juan Soto Traded to the New York Yankees
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…
Miriam Adelson Taking Control of Dallas Mavericks
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…
DraftKings Hits New 52 Week High Following Investors Day
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…
PGA Suspends Korn Ferry Players For Violations
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…
Massachusetts Regulators Question ESPN Bet
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…